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Artificial Intelligence (AI) in Oil market to Reach USD 5.60 Billion by 2030

01-24-2025 02:34 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Artificial Intelligence (AI) in Oil market

Artificial Intelligence (AI) in Oil market

The ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 3.34 billion in 2023 and is anticipated to experience steady growth over the forecast period. With a projected compound annual growth rate (CAGR) of 7.65% from 2024 to 2030, the market is expected to reach approximately USD 5.60 billion by 2030. This growth is driven by the increasing adoption of AI technologies to enhance operational efficiency, optimize exploration and production processes, and improve decision-making in the oil and gas industry.

๐„๐ฑ๐œ๐ข๐ญ๐ž๐ ๐ญ๐จ ๐๐ข๐ฏ๐ž ๐ข๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐ข๐ญ๐ฌ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/11417/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ:

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Vietnam is witnessing increased adoption of AI in the oil and gas sector, driven by government initiatives to modernize energy infrastructure. Companies like PetroVietnam are collaborating with global tech firms to implement AI-based predictive maintenance solutions, significantly reducing operational downtime. Recent mergers and partnerships have focused on integrating AI to boost efficiency in offshore exploration.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Thailand has emerged as a growing market for AI applications in the oil and gas industry, thanks to its emphasis on digitization and energy security. Key players, including PTT Exploration and Production (PTTEP), are leveraging AI for real-time data analytics and process optimization. Recent developments include collaborations with global technology providers to enhance exploration efficiency and minimize costs.

๐‰๐š๐ฉ๐š๐ง ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Japan remains at the forefront of technological innovation, with companies such as JOGMEC adopting AI solutions to improve energy exploration and production processes. The use of AI in predictive analytics and drilling operations is gaining momentum, supported by government-backed initiatives. Recent acquisitions by Japanese firms have bolstered the adoption of advanced AI tools within the sector.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

South Korea's oil and gas market is increasingly integrating AI technologies to streamline operations and enhance sustainability. Major players like SK Innovation are focusing on mergers and acquisitions to gain access to cutting-edge AI tools. The market has seen significant investment in AI-powered energy management systems aimed at reducing carbon emissions and improving efficiency.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Singapore, as a regional hub for innovation, is leading the adoption of AI in the oil and gas industry. Companies such as Keppel Offshore & Marine are incorporating AI-driven solutions to optimize fleet operations and improve offshore drilling efficiency. Recent advancements include the deployment of AI-powered digital twins to enhance decision-making and reduce operational risks.

๐”๐’ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The United States remains a dominant player in the AI in oil and gas market, driven by substantial investments in technological advancements. Key companies, including Halliburton and Schlumberger, are leveraging AI for real-time reservoir monitoring and enhanced drilling operations. Recent developments include partnerships with AI startups to further innovate in predictive analytics and automation.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Europe's oil and gas market is experiencing robust growth in AI adoption, with countries like Norway and the UK leading the charge. Companies such as Equinor are implementing AI to enhance offshore exploration and reduce environmental impact. Recent mergers and collaborations have focused on integrating AI-powered sustainability solutions to align with Europe's climate goals.

๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

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

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/11417/

๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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. Accente, 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

๐…๐จ๐ซ ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ฉ๐ž๐ซ๐ฎ๐ฌ๐ž ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/artificial-intelligence-ai-in-oil-gas-market/11417/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Artificial Intelligence (AI) in Oil?
What is the growth rate of the Artificial Intelligence (AI) in Oil market?
What was the Artificial Intelligence (AI) in Oil market size in 2024?
What are the upcoming opportunities and trends for the Artificial Intelligence (AI) in Oil market?
What are the different segments of the Artificial Intelligence (AI) in Oil market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Artificial Intelligence (AI) in Oil market?
What segments are covered in the Artificial Intelligence (AI) in Oil market?
Which are the factors expected to drive the Artificial Intelligence (AI) in Oil market growth?
What growth strategies are the players considering to increase their presence in Copper?
Who are the leading companies and what are their portfolios in Artificial Intelligence (AI) in Oil market?
Who are the key players in the Artificial Intelligence (AI) in Oil market?
What is the CAGR at which the Artificial Intelligence (AI) in Oil market will grow during the forecast period?

๐„๐š๐ ๐ž๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/11417/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
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

๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐œ๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐ž๐๐ ๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆGlobal Base Layer Market https://www.maximizemarketresearch.com/market-report/base-layer-market/122316/

โ™ฆRunning Apparel Market https://www.maximizemarketresearch.com/market-report/global-running-apparel-market/103733/

โ™ฆLip Balm market https://www.maximizemarketresearch.com/market-report/global-lip-balm-market/22777/

โ™ฆGlobal Trash Bags Market https://www.maximizemarketresearch.com/market-report/global-trash-bags-market/34536/

โ™ฆIndia Disposable Gloves Market https://www.maximizemarketresearch.com/market-report/india-disposable-gloves-market/24763/

โ™ฆGlobal High Performance Polymer Market https://www.maximizemarketresearch.com/market-report/global-high-performance-polymer-market/104467/

โ™ฆEducational Toy Market https://www.maximizemarketresearch.com/market-report/educational-toy-market/147976/

MAXIMIZE MARKET RESEARCH PVT. LTD.

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Offshore Support Vessels Market size was valued at USD 2510.79 Million in 2024 and the total Offshore Support Vessels revenue is expected to grow at a CAGR of 6.5% from 2025 to 2032, reaching nearly USD 4155.34 Million. Offshore Support Vessels Industry Overview: The offshore support vessels (OSV) industry provides a critical maritime logistical backbone for offshore oil and gas exploration and production activities, as well as a growing role in offshoreโ€ฆ
Commercial Vehicles Market Forecast to Expand from USD 848.63 Billion to USD 1.23 Trillion by 2032
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Commercial Vehicles Market Forecast to Expand from USD 848.63 Billion to USD 1.2 โ€ฆ
Commercial Vehicles Market size was valued at USD 848.63 Billion in 2024 and the total Commercial Vehicles revenue is expected to grow at a CAGR of 4.7% from 2025 to 2032, reaching nearly USD 1225.45 Billion. Commercial Vehicles Market Overview: The commercial vehicles market is a vital segment of the global automotive industry, encompassing vehicles designed primarily for transporting goods or passengers for commercial purposes. This broad category includes light commercial vehiclesโ€ฆ

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08-25-2023 | IT, New Media & Software
ReportsnReports
Remote Team Online Collaboration Tools Market Size in 2023 To 2029 | Asana (USA) โ€ฆ
The global market for Remote Team Online Collaboration Tools is anticipated to achieve a value of US$ million by 2029, experiencing growth from the US$ million recorded in 2022. This expansion is projected to be fueled by a compounded annual growth rate (CAGR) of % during the timeframe spanning from 2023 to 2029. Notable factors influencing the market, including economic conditions, the impacts of COVID-19, and the Russia-Ukraine War, haveโ€ฆ
02-19-2019 | Business, Economy, Finances, B โ€ฆ
Report Hive
Risk Analysis Management Market 2019: By FireMon (USA), ForcePoint (USA), HPE De โ€ฆ
This report studies the Risk Analysis Management market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Risk Analysis Management market by product type and applications/end industries. The global Risk Analysis Management market is valued at xx million USD in 2017 and is expected to reach xx million USD byโ€ฆ
02-13-2019 | Health & Medicine
Medical Wearable Market
Global Medical Wearable Market to 2025| Abbott Laboratories(USA), MC10(USA), Med โ€ฆ
Researchmoz added Most up-to-date research on "Global Medical Wearable Market Insights, Forecast to 2025" to its huge collection of research reports. The global Medical Wearable market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025. The objectives of this study are to define, segment, and project the size of the Medical Wearable market based on company,โ€ฆ
01-07-2019 | Business, Economy, Finances, B โ€ฆ
Wearables in Healthcare Market
Global Wearables in Healthcare Market to 2025: Abbott Laboratories(USA), MC10(US โ€ฆ
Researchmoz added Most up-to-date research on "Global Wearables in Healthcare Market Insights, Forecast to 2025" to its huge collection of research reports. The global Wearables in Healthcare market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025. The objectives of this study are to define, segment, and project the size of the Wearables in Healthcareโ€ฆ
12-14-2018 | IT, New Media & Software
Research Reports Inc.
Risk Analysis Management Market Outlook to 2023 โ€“ FireMon (USA), ForcePoint (U โ€ฆ
Risk and Vulnerability Analysis โ€“ including the ability to create virtual network maps and visualize network connections and analyze traffic flow In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Risk Analysis Management market for 2018-2023. Request for Sample of Global Risk Analysis Management Market 2018 Research Report: https://www.researchreportsinc.com/sample-request?id=232759 Over the next five years, Publisher projects that Risk Analysis Management willโ€ฆ
11-28-2018 | IT, New Media & Software
Research Reports Inc.
Risk Analysis Management Market Outlook to 2023 โ€“ FireMon (USA), ForcePoint (U โ€ฆ
In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Risk Analysis Management market for 2018-2023. Risk and Vulnerability Analysis โ€“ including the ability to create virtual network maps and visualize network connections and analyze traffic flow Request for Sample of Global Risk Analysis Management Market 2018 Research Report: https://www.researchreportsinc.com/sample-request?id=232759 Over the next five years, Publisher projects that Risk Analysis Management willโ€ฆ