Press release
Digital Oilfield Technology Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2023
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On the basis of devices, the digital oilfield technology market is categorized into remote terminal unit (RTU) and gateway. RTU was the larger category in the market, contributing more than 50.0% in 2017. RTUs, with the aid of appropriate sensors and monitors production processes at remote site, transmits all data to a central station, where they are collated and monitored.
Geographically, Europe was the largest digital oilfield techlogy market. The market in the region is driven by the presence of large number of oil reserves. Also, companies in the western part of Europe, such as British Petroleum and Royal Dutch Shell plc, are adopting digital oilfield technologies for optimizing their upstream operations in the oilfields, which is further driving the market growth.
Digital Oilfield Technology MarketThe rising shale gas market is also generating massive digital field data for analysis. The $600 billion investment in shale infrastructure by the U.S. and the nearly 2,000 million well-feet drilled have produced hundreds of petabytes of relevant data. This vast and diverse shale data domain remains largely untapped and is ready to be mined by emerging big-data analytics.
Read Summary of Report :: https://www.psmarketresearch.com/market-analysis/digital-oil-field-technology-market
Some of the major players operating in the global digital oilfield technology market are Schlumberger Limited, Baker Hughes Incorporated, National Oilwell Varco Inc., Weatherford International plc, Siemens AG, Honeywell International Inc., Kongsberg Gruppen, Paradigm Ltd., and Petrolink.
GLOBAL DIGITAL OILFIELD TECHNOLOGY MARKET SEGMENTATION
By Process
Production Optimization
Reservoir Optimization
Drilling Optimization
Others
By Devices
Remote Terminal Unit (RTU)
Gateway
By Services
Instrumentation and Automation
Distributed Control System
Smart Well
Supervisory Control and data acquisition
Wireless Sensor
Safety System
Programmable Logic Controller
Others
IT Expenditure
Software
IT Outsourcing
IT Services
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Norway
Russia
Rest of Europe
APAC
China
India
Malaysia
Rest of APAC
South America
Brazil
Rest of South America
Middle East and Africa (MEA)
Saudi Arabia
U.A.E.
Kuwait
Oman
Nigeria
Rest of MEA
About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world.
Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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