Press release
Enhanced Oil Recovery Market to See Incredible Growth by 2031, Notes TMR
According to the research report, the global market for enhanced oil recovery stood at US$ 48.6 Bn in 2020. Progressing at a CAGR of 4.7% between 2021 and 2031, the market is projected to reach value of US$ 80.5 Bn by the end of the forecast period. Thermal, gas, and chemical are the key technologies used in enhanced oil recovery, states the market report.
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -https://www.transparencymarketresearch.com/enhanced-oil-recovery.html
The business landscape prevalent in the global enhanced oil recovery market (EOR) is highly competitive, states a new research report by Transparency Market Research (TMR). With the constant entry of new players and the augmenting competition between local and international vendors, customers can expect an array of new products with technological innovation over the next few years. Cenovus Energy Inc., Chevron Corporation, BP Plc, Anadarko Petroleum Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc, and Statoil ASA are some of the leading players operating in this market, notes the research study.
North America to Continue to Dominate Global Enhanced Oil Recovery Market
The report also offers a regional analysis of the global market for enhanced oil recovery. According to this, Asia Pacific, Europe, North America, Latin America, and Middle East & Africa are the geographical segments of the worldwide market for enhanced oil recovery.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1066
With a share of nearly 39%, North America led the global market in 2020. Researchers expect this regional market to remain on the top over the next few years. The Middle East & Africa segment, which stood second in 2020, is also predicted to retain its position in the near future, reports the market study.
Increase in Application of EOR in Various Areas to Support Growth
The global market for enhanced oil recovery is expected to report significant growth in the near future. The substantial rise in demand for oil, especially in Asia Pacific, is supporting the growth of this market. Increasing depletion in oil reserves is also boosting the market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1066
However, various challenges related to enhanced oil recovery, such as high cost incurred in the procedure and technical and operational issues, are likely to hamper the market in the next few years.
Nonetheless, considerable rise in oil production with the help of EOR in the Middle East and rise in usage of the solar EOR procedure is expected to neutralize the impact of these restraints over the next few years.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Enhanced Oil Recovery Market to See Incredible Growth by 2031, Notes TMR here
News-ID: 2810445 • Views: โฆ
More Releases from Transparency Market Research
Global Opioid Induced Constipation Treatment Market Set to Reach USD 5.2 Billion โฆ
The global opioid induced constipation (OIC) treatment market is witnessing steady and sustained growth as healthcare systems worldwide place increasing emphasis on comprehensive pain management and supportive care. Valued at US$ 2.9 billion in 2025, the market is projected to reach US$ 5.2 billion by 2036, expanding at a compound annual growth rate (CAGR) of 5.3% from 2026 to 2036. Growth is primarily fueled by the rising prevalence of chronicโฆ
Pneumatic Flux Chipper Market Expanding at 7.4% CAGR Through 2036 - By Product T โฆ
The global Pneumatic Flux Chipper Market is set to witness sustained and resilient growth over the next decade, underpinned by expanding heavy manufacturing activities, rising welding and fabrication demand, and continuous investments in industrial infrastructure across emerging and developed economies. According to the latest industry analysis, the market was valued at US$ 760.5 Mn in 2025 and is projected to reach US$ 1,680.8 Mn by 2036, expanding at a compoundโฆ
AI in Automotive Market Outlook 2036: Global Industry to Surge from US$ 19.8 Bil โฆ
The AI in automotive market is entering a phase of exponential expansion, supported by rapid digitization of vehicles, growing safety mandates, and consumer demand for intelligent mobility. The global market was valued at US$ 19.8 Bn in 2025 and is projected to reach US$ 244.4 Bn by 2036, registering a remarkable CAGR of 27% from 2026 to 2036.
This growth trajectory reflects the transition of automobiles from mechanically driven products toโฆ
Hypodermic Needles Market to Reach US$ 7.9 Billion by 2036 on Rising Injectable โฆ
The global hypodermic needles market was valued at approximately US$ 4.2 billion in 2025 and is projected to reach around US$ 7.9 billion by 2036, expanding at a CAGR of nearly 5.8% from 2026 to 2036, driven by the rising prevalence of diabetes, cancer, and chronic diseases, growing demand for injectable drugs and biologics, and the expansion of global vaccination and immunization programs; increasing adoption of safety-engineered and disposable needles,โฆ
More Releases for Enhanced
Enhanced Gas Recovery Market
"Enhanced gas recovery is improving energy extraction methods-explore the growing demand driven by the oil and gas industry."
On March 10, 2025, Exactitude Consultancy., Ltd. Newly released a research report titled "Enhanced Gas Recovery Market". The enhanced gas recovery (EGR) market is growing due to the increasing demand for advanced technologies that help improve the efficiency of natural gas extraction from reservoirs. Enhanced gas recovery techniques, such as CO2 injection andโฆ
Enhanced Camera Market Strategic Assessment
The "Enhanced Camera" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all segments in the market. The Global Enhanced Camera Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth review of key players in the market which is based on various competitive intelligence parameters like company profiles, product picture and specification, capacity,โฆ
Enhanced Vision System Market (System - Synthetic Vision System and Enhanced Vis โฆ
Global Enhanced Vision System Market: Snapshot
The global enhanced vision system market is on a growth trajectory on account of radical improvements in the aerospace sector for aircraft safety. Top notch aircraft manufacturers are opting for hi-tech avionics and navigation systems to raise alarm in the event of a possible danger. Enhanced vision systems help to provide a detailed view of the terrain along with monitoring of various obstacles that mayโฆ
RateTiger adds enhanced intelligence reporting
London, 17 October, 2011: RateTiger has released RTSuite Version 2.8 featuring a greatly enhanced Reservation Report and the integration of its award-winning innovation โ StrategyEngine, into its comprehensive full service channel management product. The combination of Reservation Reporting, Strategy Engine, Channel Management and Shopping will make RTSuite a complete control center giving hotels utmost visibility of each sales channel performance.
With the fast paced growth of online bookings, hoteliers need toโฆ
Cistera Unified Delivers Enhanced Virtualization
Cistera Networksยฎ (CNWT.PK), a leading provider of enterprise application platforms and engines for unified communications, announces the delivery of enhanced virtualization for unified communications application servers.
Cistera is mid-way through a refresh of hardware platforms that will expand their capability to enhance the number of supported devices and applications significantly. With the release of the Cistera Convergence 2.0 due later this year, the number of supported devices per serverโฆ
Enhanced services for CeBIT visitors
Room reservations in 17 languages
- Late-night shopping in downtown Hannover
Hannover, Gemany. The final countdown for CeBIT 2010 has started โ including for hotel reservations in the greater Hannover area. This year visitors and exhibitors at CeBIT 2010 can take advantage of an even more comprehensive reservation service offered by Hannover Marketing und Tourismus GmbH (HMTG). Deutsche Messe and HMTG have teamed up since October 2009 to develop a standardizedโฆ
