Press release
North America Digital Oilfield Market Projected to Discern Stable Expansion During 2020-2026 | National Oilwell Varco, Weatherford, General Electric, Schlumberger limited, Halliburton, ABB Limited, Rockwell Automation, Schneider Electric, Siemens, Emerson
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Effective optimization and improved performance for various monitoring processes will significantly enhance the technology demand in the onshore seabeds. Declining production from conventional systems coupled with the introduction of stringent HSE regulations will further augment the industry growth over the forecast period.
Growing investments towards the development of unconventional hydrocarbon reserves will raise the demand for oilfield analytic services. Growing E&P investments with focus towards enhancing the production from matured oil wells by the adoption advanced IoT technologies will further boost the North America digital oilfield market growth.
Government several measures towards the adoption of sustainable drilling and production technologies will boost the demand for automated monitoring services. Moreover, use of machine learning and artificial intelligence for regulating several parameters including pressure, temperature, flow, etc. to reduce the human error will further escalate the business growth.
Data handling services including Big data and Hadoop enhances analytical operations by analyzing huge amount of oilfield data. This in in turn will stimulate global digital oilfield services market substantially. Furthermore, growing requirement of continuous monitoring for collection and segregation of data will further fuel the technology adoption over the forecast period.
Canada digital oilfield market will witness strong growth on account of increasing investments towards the development of various unconventional hydrocarbon resources. Moreover, government focus to enhance the production from deep and ultradeep well heads will further stimulate the technology adoption over the forecast timeline.
Along with its technological superiority. U.S. market will further develop on account of abundant availability of tight oil and shale gas. For instance, as per EIA, with the introduction of technologies like hydraulic fracking, it is estimated that U.S. produced 20.95 trillion cubic feet of dry shale gas in 2018, which accounts for 69% of total U.S. dry natural gas production by U.S. in 2018
Major players in North America digital oilfield industry include National Oilwell Varco, Weatherford, General Electric, Schlumberger limited, Halliburton, ABB Limited, Rockwell Automation, Schneider Electric, Siemens, Emerson, Baker Hughes GE, Accenture, Intel Corporation, Infosys Limited amongst others.
Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1262/north-america-digital-oilfield-market
North America Digital Oilfield Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2020 to 2026, for the following segments:
North America Digital Oilfield Market Size, By Process
Production Optimization
Reservoir Optimization
Drilling Optimization
Others
North America Digital Oilfield Market Share, By Technology
IoT
Advance Analytics
Robotics
Cloud Computing
Mobility
Others
North America Digital Oilfield Market Share, By Application
Onshore
Offshore
North America Digital Oilfield Market Value, By Service
Instrumentation & Automation
Security Systems
Smart Wells
Wireless Systems
Distributed Control System
SCADA
Information Technology
Software
Computer Equipment & Application Hardware
IT Outsourcing Services
Others
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Graphical Research
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Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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