Artificial Intelligence in Oil & Gas Market to Grow at a Strong 7.65 Percentage CAGR, Reaching USD 5.60 Billion by 2030

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐎𝐢𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 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.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐎𝐢𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

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.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/11417/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐎𝐢𝐥 𝐦𝐚𝐫𝐤𝐞𝐭:

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.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐎𝐢𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

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.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/11417/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬:

• In Vietnam, 𝐏𝐞𝐭𝐫𝐨𝐕𝐢𝐞𝐭𝐧𝐚𝐦 has entered into a partnership with 𝐒𝐜𝐡𝐧𝐞𝐢𝐝𝐞𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 to leverage AI in optimizing their oil and gas operations.
• 𝐒𝐢𝐚𝐦 𝐂𝐞𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐮𝐩 in Thailand has invested in AI technologies from 𝐈𝐁𝐌 to streamline its energy management and production processes.
• In Singapore, 𝐊𝐞𝐩𝐩𝐞𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 has collaborated with 𝐂3.𝐚𝐢 to bring AI-driven solutions to its oil field management operations.
• In South Korea, 𝐒𝐊 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 has integrated AI systems developed by 𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭 to monitor and improve production efficiency.
• In Japan, 𝐉𝐚𝐩𝐚𝐧 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐄𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐂𝐨. 𝐋𝐭𝐝. has partnered with 𝐄𝐱𝐱𝐨𝐧𝐌𝐨𝐛𝐢𝐥 to deploy AI systems for predictive maintenance and operational efficiency.
• European markets have seen 𝐑𝐨𝐲𝐚𝐥 𝐃𝐮𝐭𝐜𝐡 𝐒𝐡𝐞𝐥𝐥 investing in AI research and collaborating with 𝐆𝐨𝐨𝐠𝐥𝐞 𝐂𝐥𝐨𝐮𝐝 to enhance data analytics and operational systems.
• In the USA, 𝐂𝐡𝐞𝐯𝐫𝐨𝐧 has acquired 𝐓𝐞𝐧𝐝𝐫𝐢𝐥 to incorporate AI solutions for energy consumption monitoring and optimization.
•
𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐛𝐲 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• 𝐒𝐜𝐡𝐧𝐞𝐢𝐝𝐞𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 has made advancements in integrating AI for real-time data processing and energy optimization.
• 𝐈𝐁𝐌 is focusing on AI solutions that help oil and gas companies predict equipment failures and reduce downtime.
• 𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭'𝐬 AI technology is now being widely adopted by major oil companies, enhancing predictive analytics and automation.
• 𝐂3.𝐚𝐢 continues to expand its role in AI adoption by offering customized AI solutions to oil and gas companies globally.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/11417/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐎𝐢𝐥 𝐦𝐚𝐫𝐤𝐞𝐭:

𝐛𝐲 𝐓𝐲𝐩𝐞

Hardware
Software
Hybrid

𝐛𝐲 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧

Predictive maintenance and machinery inspection
Material movement
Production planning
Field services
Quality control
Reclamation

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Upstream
Downstream
Midstream

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐎𝐢𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

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

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/artificial-intelligence-ai-in-oil-gas-market/11417/

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

• Past Market Size and Competitive Landscape
• Microgrid Control System Market Size, Share, Size & Forecast by different segment
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Microgrid Control System Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

♦ Global Biomethane Market https://www.maximizemarketresearch.com/market-report/global-biomethane-market/16077/

♦Dentures Market https://www.maximizemarketresearch.com/market-report/dentures-market/167397/

♦Nucleic Acid Isolation and Purification Market https://www.maximizemarketresearch.com/market-report/global-nucleic-acid-isolation-and-purification-market/100126/

♦Apple 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/

♦Fly Ash Market https://www.maximizemarketresearch.com/market-report/global-fly-ash-market/22358/

♦Global Camping Equipment Market https://www.maximizemarketresearch.com/market-report/global-camping-equipment-market/103396/

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