According to the report published by Allied Market Research, the global reservoir analysis market generated $8.1 billion in 2020, and is projected to reach $11.8 billion by 2030, witnessing a CAGR of 3.8% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Transition in reservoir technology, upsurge in global energy demand, and rise in focus on mature oil & gas fields and new field developments drive the growth of the global reservoir analysis market. However, high cost associated with reservoir analysis restrains the market to some extent. On the other hand, rapid expansion of exploration activities in unconventional resources and rising demand of shale oil & gas present new opportunities in the upcoming years.
Download Report Sample (273 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/1011
The report offers detailed segmentation of the global reservoir analysis market based on reservoir type, service, application, and region.
Based on reservoir type, the unconventional segment held the highest market share in 2020, holding nearly three-fourths of the total market share, and is expected to continue its leadership status during the forecast period. However, the conventional segment is estimated to register the highest CAGR of 3.9% from 2021 to 2030.
Based on application, the onshore segment held the largest market share in 2020, holding more than two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 4.0% from 2021 to 2030.
For Purchase Enquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/1011
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than one-third of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the same region is projected to manifest the fastest CAGR of 4.1% during the forecast period. Other regions discussed in the report include Europe, Asia-Pacific, and LAMEA.
Leading players of the global reservoir analysis market analyzed in the research include Baker Hughes, Inc., Core Laboratories, Emerson Electric Co., Expro Group, Geokinetics, Inc., Halliburton, Johnson Matthey, Schlumberger Limited, Trican Well Service Limited, and Weatherford International Ltd.
Get detailed COVID-19 impact analysis on the Reservoir Analysis Market: https://www.alliedmarketresearch.com/request-for-customization/1011?reqfor=covid
COVID-19 scenario:
- The outbreak of the COVID-19 pandemic led to global lockdown which affected the overall growth of the global reservoir analysis market.
- The economic slowdown in several countries contributed to reductions in petroleum and natural gas reserves in 2020.
- Furthermore, import and export activities were temporarily restricted, which, in turn, adversely affected the growth of the global reservoir analysis market.
Key Findings Of Study
- On the basis of reservoir type, the conventional segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
- On the basis of service, the data acquisition & monitoring segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
- On the basis of application, the onshore segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
- On the basis of region, the LAMEA region registered the highest market share and is projected to maintain the same during the forecast period.
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.