Press release
Artificial Intelligence in Oil & Gas Market to Grow at a Strong 7.65 Percentage CAGR, Reaching USD 5.60 Billion by 2030
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ (๐๐) ๐ข๐ง ๐๐ข๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ size was valued at USD 3.34 Billion in 2023 and the total Artificial Intelligence (AI) in Oil & Gas revenue is expected to grow at a CAGR of 7.65 % from 2024 to 2030, reaching nearly USD 5.60 Billion by 2030.๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ (๐๐) ๐ข๐ง ๐๐ข๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The global Artificial Intelligence (AI) in oil market is experiencing significant growth as AI technologies are increasingly utilized to optimize operations, enhance predictive maintenance, and improve safety across the oil and gas industry. AI applications, including machine learning and data analytics, are transforming exploration, production, and refining processes by enabling better decision-making and reducing operational costs. The adoption of AI also aids in environmental monitoring and risk management, driving greater efficiency and sustainability within the sector. This growth is expected to continue as AI solutions become more advanced and integrated.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/11417/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ (๐๐) ๐ข๐ง ๐๐ข๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ:
The global Artificial Intelligence (AI) in oil market is primarily driven by the increasing demand for operational efficiency, cost reduction, and enhanced decision-making capabilities. AI technologies, such as machine learning, predictive analytics, and automation, are improving exploration, drilling, and production processes, while reducing downtime and optimizing resource management. Additionally, the growing need for safety, sustainability, and environmental monitoring is accelerating AI adoption, enabling the oil and gas industry to address challenges more effectively and stay competitive in a rapidly evolving market.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ (๐๐) ๐ข๐ง ๐๐ข๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The global Artificial Intelligence (AI) in oil market is seeing key trends in automation, predictive analytics, and machine learning to optimize exploration and production activities. Increasing emphasis on sustainability and safety is prompting more AI solutions to monitor environmental factors and reduce risks. Additionally, the integration of AI technologies in decision-making processes and asset management is enhancing operational efficiency, while reducing costs. These trends highlight the growing role of AI in transforming the oil industry into a more data-driven, efficient, and sustainable sector.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/11417/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ:
โข In Vietnam, ๐๐๐ญ๐ซ๐จ๐๐ข๐๐ญ๐ง๐๐ฆ has entered into a partnership with ๐๐๐ก๐ง๐๐ข๐๐๐ซ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ to leverage AI in optimizing their oil and gas operations.
โข ๐๐ข๐๐ฆ ๐๐๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐ฎ๐ฉ in Thailand has invested in AI technologies from ๐๐๐ to streamline its energy management and production processes.
โข In Singapore, ๐๐๐ฉ๐ฉ๐๐ฅ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง has collaborated with ๐3.๐๐ข to bring AI-driven solutions to its oil field management operations.
โข In South Korea, ๐๐ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง has integrated AI systems developed by ๐๐ข๐๐ซ๐จ๐ฌ๐จ๐๐ญ to monitor and improve production efficiency.
โข In Japan, ๐๐๐ฉ๐๐ง ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐จ. ๐๐ญ๐. has partnered with ๐๐ฑ๐ฑ๐จ๐ง๐๐จ๐๐ข๐ฅ to deploy AI systems for predictive maintenance and operational efficiency.
โข European markets have seen ๐๐จ๐ฒ๐๐ฅ ๐๐ฎ๐ญ๐๐ก ๐๐ก๐๐ฅ๐ฅ investing in AI research and collaborating with ๐๐จ๐จ๐ ๐ฅ๐ ๐๐ฅ๐จ๐ฎ๐ to enhance data analytics and operational systems.
โข In the USA, ๐๐ก๐๐ฏ๐ซ๐จ๐ง has acquired ๐๐๐ง๐๐ซ๐ข๐ฅ to incorporate AI solutions for energy consumption monitoring and optimization.
โข
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ฒ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
โข ๐๐๐ก๐ง๐๐ข๐๐๐ซ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ has made advancements in integrating AI for real-time data processing and energy optimization.
โข ๐๐๐ is focusing on AI solutions that help oil and gas companies predict equipment failures and reduce downtime.
โข ๐๐ข๐๐ซ๐จ๐ฌ๐จ๐๐ญ'๐ฌ AI technology is now being widely adopted by major oil companies, enhancing predictive analytics and automation.
โข ๐3.๐๐ข continues to expand its role in AI adoption by offering customized AI solutions to oil and gas companies globally.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/11417/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ (๐๐) ๐ข๐ง ๐๐ข๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ:
๐๐ฒ ๐๐ฒ๐ฉ๐
Hardware
Software
Hybrid
๐๐ฒ ๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง
Predictive maintenance and machinery inspection
Material movement
Production planning
Field services
Quality control
Reclamation
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Upstream
Downstream
Midstream
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ (๐๐) ๐ข๐ง ๐๐ข๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
North America:
1. Schlumberger, Houston, Texas, USA
2. Baker Hughes Company, Houston, Texas, USA
3. Halliburton, Houston, Texas, USA
4. IBM, Armonk, New York, USA
5. NVIDIA Corporation, Santa Clara, California, USA
6. Microsoft Corporation, Redmond, Washington, USA
7. Oracle Corporation, Redwood City, California, USA
8. General Electric (GE) , Boston, Massachusetts, USA
9. SAS Institute Inc., Cary, North Carolina, USA
10. C3.ai, Redwood City, California, USA
11. SparkCognition, Austin, Texas, USA
12. Aspen Technology, Bedford, Massachusetts, USA
13. TIBCO Software Inc., Palo Alto, California, USA
14. Honeywell International Inc., Charlotte, North Carolina, USA
15. Rockwell Automation, Inc., Milwaukee, Wisconsin, USA
16. Bentley Systems, Exton, Pennsylvania, USA
Europe
1. Accent, Dublin, Ireland
2. Siemens AG, Munich, Germany
3. ABB Ltd, Zurich, Switzerland
4. Wood PLC, Aberdeen, Scotland, UK
5. Capgemini, Paris, France
Asia-Pacific
1. Yokogawa Electric Corporation, Tokyo, Japan
2. Infosys Limited, Bangalore, India
3. Tech Mahindra, Pune, India
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/artificial-intelligence-ai-in-oil-gas-market/11417/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
โข Past Market Size and Competitive Landscape
โข Microgrid Control System Market Size, Share, Size & Forecast by different segment
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โข Microgrid Control System Market Segmentation - A detailed analysis by Product
โข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โข Competitive landscape - Market Leaders, Market Followers, Regional player
โข Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of business by region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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โฆDentures Market https://www.maximizemarketresearch.com/market-report/dentures-market/167397/
โฆNucleic Acid Isolation and Purification Market https://www.maximizemarketresearch.com/market-report/global-nucleic-acid-isolation-and-purification-market/100126/
โฆApple Cider Vinegar Market https://www.maximizemarketresearch.com/market-report/global-apple-cider-vinegar-market/98303/
Gypsum Board Market https://www.maximizemarketresearch.com/market-report/global-gypsum-board-market/102433/
โฆFly Ash Market https://www.maximizemarketresearch.com/market-report/global-fly-ash-market/22358/
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