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Global Oil & Gas Digital Rock Analysis Market Size study, by Type (Conventional, Unconventional), and Regional Forecasts 2022-2032
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Global Oil & Gas Digital Rock Analysis Market is valued approximately USD 125.21 million in 2023 and is anticipated to grow with a healthy growth rate of more than 8.30% over the forecast period 2024-2032. Oil & Gas Digital Rock Analysis involves using advanced imaging techniques like micro-CT and SEM to study microscopic rock structures relevant to the petroleum industry. This analysis helps characterize reservoir properties such as porosity, permeability, and fluid behavior, aiding in reservoir modeling, enhanced oil recovery strategies, wellbore stability, and hydraulic fracturing optimization. It is a crucial tool for improving exploration and production efficiency while reducing operational risks in the oil and gas sector. The increased adoption of high-resolution imaging techniques is a key trend that is supporting the growth of Global Oil & Gas Digital Rock Analysis Market. There is a shift towards higher-resolution imaging for detailed characterization of rock properties at the microscale with advancements in imaging technologies such as micro-CT, FIB-SEM, and X-ray tomography.
Exploration firms are forced to refocus their efforts on unconventional resources like tight gas and shale oil due to the depletion of traditional oil and gas reservoirs. Since the extraction of these resources is frequently more complicated, digital rock analysis offers important insights into their characteristics that help with well planning and increase production efficiency. The growth of the Global Oil & Gas Digital Rock Analysis Market is anticipated to increasing demand for unconventional resources, coupled with a rising collaboration between industry players, technology providers, research institutions, and government agencies. Also, the increasing global energy demand is fueling the need for new oil and gas reserves. This is leading to increased exploration activities in both conventional and unconventional basins. Digital rock analysis can play a crucial role in optimizing exploration efforts by helping to identify promising areas for drilling. Moreover, rising advancements in imaging techniques such as micro-CT scanning and Focused Ion Beam (FIB)-SEM to simulate reservoir behavior and optimize production strategies is supporting the market expansion during the estimated period. However, high cost of producing high-resolution rock structures, along with lack of skilled professionals is expected to hinder the market growth between 2024 and 2032.
The key regions considered for the global Oil & Gas Digital Rock Analysis Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America represented a significant portion of the Oil & Gas Digital Rock Analysis Market. North America stands out as a pioneer in embracing cutting-edge technologies within the oil and gas sector. The region boasts a robust presence of technology providers, esteemed research institutions, and universities actively contributing to the progression of digital rock analysis techniques. These advancements not only fuel innovation but also refine imaging technologies and elevate regional data analysis methodologies. Furthermore, North America's substantial reserves of oil and gas, coupled with its well-established industry, create a substantial demand for advanced reservoir characterization methods like digital rock analysis. According to data from the United States Department of Energy, natural gas production in the country surged by over 4% from 2021 to 2022, reaching a total of 43,384,575 million cubic feet compared to 41,666,118 million cubic feet in 2021, underscoring the region's entrenched position in the oil and gas landscape. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period.
Major market player included in this report are:
- Schlumberger Limited
- Halliburton Company
- Thermo Fisher Scientific Inc.
- Intertek Group PLC
- Core Laboratories N.V.
- Zeiss International
- FREDsense Technologies Corp.
- Petricore Norway AS
- Baker Hughes Co.
- Weatherford International Plc
The detailed segments and sub-segment of the market are explained below:
By Type
- Conventional
- Unconventional
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market
Table of Contents
Chapter 1. Global Oil & Gas Digital Rock Analysis Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
Chapter 2. Executive Summary
- 2.1. Global Oil & Gas Digital Rock Analysis Market Size & Forecast (2022- 2032)
- 2.2. Regional Summary
- 2.3. Segmental Summary
- 2.4. Key Trends
- 2.5. Recession Impact
- 2.6. Analyst Recommendation & Conclusion
Chapter 3. Global Oil & Gas Digital Rock Analysis Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. Global Oil & Gas Digital Rock Analysis Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Oil & Gas Digital Rock Analysis Market Size & Forecasts by Type 2022-2032
- 5.1. Conventional
- 5.2. Unconventional
Chapter 6. Global Oil & Gas Digital Rock Analysis Market Size & Forecasts by Region 2022-2032
- 6.1. North America Oil & Gas Digital Rock Analysis Market
- 6.1.1. U.S. Oil & Gas Digital Rock Analysis Market
- 6.1.1.1. Type breakdown size & forecasts, 2022-2032
- 6.1.2. Canada Oil & Gas Digital Rock Analysis Market
- 6.2. Europe Oil & Gas Digital Rock Analysis Market
- 6.2.1. U.K. Oil & Gas Digital Rock Analysis Market
- 6.2.2. Germany Oil & Gas Digital Rock Analysis Market
- 6.2.3. France Oil & Gas Digital Rock Analysis Market
- 6.2.4. Spain Oil & Gas Digital Rock Analysis Market
- 6.2.5. Italy Oil & Gas Digital Rock Analysis Market
- 6.2.6. Rest of Europe Oil & Gas Digital Rock Analysis Market
- 6.3. Asia-Pacific Oil & Gas Digital Rock Analysis Market
- 6.3.1. China Oil & Gas Digital Rock Analysis Market
- 6.3.2. India Oil & Gas Digital Rock Analysis Market
- 6.3.3. Japan Oil & Gas Digital Rock Analysis Market
- 6.3.4. Australia Oil & Gas Digital Rock Analysis Market
- 6.3.5. South Korea Oil & Gas Digital Rock Analysis Market
- 6.3.6. Rest of Asia Pacific Oil & Gas Digital Rock Analysis Market
- 6.4. Latin America Oil & Gas Digital Rock Analysis Market
- 6.4.1. Brazil Oil & Gas Digital Rock Analysis Market
- 6.4.2. Mexico Oil & Gas Digital Rock Analysis Market
- 6.4.3. Rest of Latin America Oil & Gas Digital Rock Analysis Market
- 6.5. Middle East & Africa Oil & Gas Digital Rock Analysis Market
- 6.5.1. Saudi Arabia Oil & Gas Digital Rock Analysis Market
- 6.5.2. South Africa Oil & Gas Digital Rock Analysis Market
- 6.5.3. Rest of Middle East & Africa Oil & Gas Digital Rock Analysis Market
Chapter 7. Competitive Intelligence
- 7.1. Key Company SWOT Analysis
- 7.2. Top Market Strategies
- 7.3. Company Profiles
- 7.3.1. Schlumberger Limited
- 7.3.1.1. Key Information
- 7.3.1.2. Overview
- 7.3.1.3. Financial (Subject to Data Availability)
- 7.3.1.4. Product Summary
- 7.3.1.5. Market Strategies
- 7.3.2. Halliburton Company
- 7.3.3. Thermo Fisher Scientific Inc.
- 7.3.4. Intertek Group PLC
- 7.3.5. Core Laboratories N.V.
- 7.3.6. Zeiss International
- 7.3.7. FREDsense Technologies Corp.
- 7.3.8. Petricore Norway AS
- 7.3.9. Baker Hughes Co.
- 7.3.10. Weatherford International Plc
Chapter 8. Research Process
- 8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
- 8.2. Research Attributes
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