Press release
Drive the Growth of Enhanced Oil Recovery Market in Future due to Rising Global Energy Demand
The global enhanced oil recovery market is segmented into technology type such as thermal injection, gas injection, and chemical injection. Among these segments, thermal injection segment is expected to occupy the top position in the market by the end of forecast period. The rise of the thermal injection segment can be attributed to low cost and high recovery rates of thermal injection technique. Additionally, high flexibility of thermal injection method for shallow, dipping, thick, and high permeability reservoirs is also a key factor which is envisioned to drive the growth of market across the globe. Apart from this, growing preference for CO2 enhanced oil recovery is expected to drive the growth of gas injection segment over the forecast period.Global enhanced oil recovery market is expected to register a 23.2% CAGR over the forecast period. Moreover, the global enhanced oil recovery market is primarily driven by growing energy demand across all regions. Furthermore, the increasing needs to boost the oil extraction to meet the energy demand are expected to enhance the growth of global enhanced oil recovery market in near future.
The onshore segment by application is accounted for major market shares in 2016 and is expected to maintain this dominance over the forecast period. Furthermore, presence of large base of onshore reservoirs as compared to offshore reservoirs is a major reason which is why this segment is expected to grab major shares in market of enhanced oil recovery by the end of forecast period. Factor such as, increasing number of aging onshore oil fields coupled with growing concern towards heavy oil reservoirs are expected to drive the growth of this segment over the forecast period.
Increasing Demand for Energy
Some of the factors such as rising consumption of energy and rising oil prices are included which has led various oil & gas companies to use enhanced oil recovery techniques to improve the production rate. Further, shortage of convention energy sources is also a major factor which may bolster the growth of this segment over the forecast period.
Request Free Sample Pages@ https://www.researchnester.com/sample-request-591
Growing Oil & Gas Sector
Exploration of new oil fields and government support to boost the growth of oil & gas sector to fulfill the rising demand of energy are predicted to bolster the growth of market in future.
However, presence of other technologies to boost the extraction rate in oil fields is likely to inhibit the growth of the enhanced oil recovery market in the near future.
The report titled “Global Enhanced oil recovery Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global enhanced oil recovery market in terms of market segmentation by technology, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Request Free Table of Contents Here: https://www.researchnester.com/request-toc-591
This report also provides the existing competitive scenario of some of the key players of the global enhanced oil recovery market which includes company profiling of BP PLC, AUDUBON, Nalco Company, Praxair Technology, Inc., Royal Dutch Shell, ExxonMobil Corporation, Lukoil Oil Company,, Schlumberger Limited, Halliburton and Baker Hughes Incorporated. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global enhanced oil recovery market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Read more Information: https://www.researchnester.com/reports/enhanced-oil-recovery-market/591
About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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 Drive the Growth of Enhanced Oil Recovery Market in Future due to Rising Global Energy Demand here
News-ID: 938641 • Views: …
More Releases from Research Nester Pvt Ltd
Chemical Fertilizers Market Outlook By Industry Size, Share, Revenue, Regions An …
The chemical fertilizers market has been segmented into macronutrients, micronutrients, application and forms. Based on macronutrients, the market has been segmented into nitrogen based fertilizers, phosphate based fertilizers and potash based fertilizers.
Among these segments, the nitrogen based fertilizers are estimated to dominate the market by holding the largest share of approximately 50%. This can be attributed to the absorption of nitrogen by plants. In 2013, the demand for nitrogen…
Glass Coating Market Overview By Share, Size, Industry Players, Revenue And Prod …
The global glass coating market is segmented by coating type into pyrolytic coating, magnetic sputtering coating and sol-gel coating; by technology into liquid glass coating and nano glass coating; by application into construction, paints & coating, automotive, aviation and others and by regions.
According to Federal Reserve Bank of Chicago represents increase in sales of light vehicle in China by 2.1%, Latin America by 6.2%, Europe by 2.6%, and Rest…
Insect Repellent Market Outlook By Industry Size, Share, Revenue, Regions And To …
The global insect repellent market is segmented by repellent type into coils, liquid vaporizers, sprays/aerosol, mats, cream and oil; by ingredient into natural and synthetic; by sales channel into online and offline and by regions. The insect repellent market is anticipated to mask a CAGR of 8.3% during the forecast period i.e. 2019-2027.
The rising penetration of insect repellents in untapped rural markets across the developing countries as well as…
Waterproofing Chemicals Market 2017 Share Growing Rapidly With Latest Trends, De …
The global waterproofing market is segmented on the basis of type, application and end-use. The market is segmented on the basis of type, it is segmented into Bitumen, PVC, TPO and EPDM. Bitumen leads the product segment in 2017 on the account of superior properties which include high viscosity, resistance to UV light and better binding nature. On the basis of application, it is segmented into Roofing and Walls, Flooring,…
More Releases for Demand
Witbier Market Research Report- Future Demand, Industry Demand, Global Demand, W …
Witbier Market Overview
Witbier, a traditional Belgian-style wheat beer, has witnessed a resurgence in popularity worldwide. Characterized by its light, hazy appearance and refreshing flavor profile, witbier is typically brewed with a combination of malted barley and unmalted wheat, and often flavored with coriander and orange peel. This unique beer style, known for its slight tartness and spicy citrus notes, has captured the interest of both craft beer enthusiasts and mainstream…
Trichlorosilane Market: Growing Demand for Solar Photovoltaics to Surge Demand
The global trichlorosilane market size is likely to gain momentum owing to the increasing investments in the solar sector. Fortune Business Insights, in its latest report, titled "Trichlorosilane Market Size, Share & Industry Analysis, By Production Process (Hydrochlorination, Direct Chlorination), By Application (Polysilicon, Chemical Intermediate) Others and Regional Forecast, 2022-2029.", states that growing demand for solar photovoltaics and increasing demand for alternate energy sources are anticipated to be the driving…
Growing Demand For Processed Foods Boosting Demand For Artificial Preservatives
Analysts at Fact.MR have utilized extensive primary and comprehensive secondary research to arrive at various estimates and forecasts for sales and demand, market share, production footprint, current launches, contracts, and ongoing R&D projects of the Artificial Preservatives market . , and market strategy. SWOT analysis has been performed in market research to examine the strengths, weaknesses, opportunities, and threats of each player at the global and regional level.
Key Artificial Preservatives…
Best Demand Planning Software & Demand Forecasting Software
RIGBY, Idaho – October 4, 2021 – Avercast LLC provides the best demand planning software to many companies that manage a vast array of inventory. Avercast’s demand planning and forecasting software is used in America, India, and Europe. It adds strength to many areas of the companies that utilize it.
Demand forecasting software uses a variety of data to produce forecasts. These data include past sales, historical trends, current circumstances, and…
Biomimetic Technology Market Demand, Size, Share, Demand & Forecast To 2027
The global Biomimetic Technology Market is forecasted to be worth USD 17.73 Billion by 2027, according to a current analysis by Emergen Research. The Biomimetic Technology Market is anticipated to expand exponentially owing to the growing tissue engineering market. The Increasing elderly population would have a significant impact on market growth. The aging population is particularly vulnerable to cardiac, neurosurgery, and orthopedic problems.
To get a PDF sample copy of…
Agriculture Analytics Market Demand, Size, Share, Demand & Forecast To 2028
The global agriculture analytics market size is expected to reach USD 2,041.6 Million in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing adoption of advanced technologies such as Internet of Things (IoT), Big Data, and other analytics tool in the agriculture sector to improve crop yield and enhance work efficiency. Farmers are…
