Global Enhanced Oil Recovery Market 2017 to 2025 – Industry, Share, Size, Trends and Forecast By Acute Market Reports

PR Comments Off on Global Enhanced Oil Recovery Market 2017 to 2025 – Industry, Share, Size, Trends and Forecast By Acute Market Reports

Enhanced Oil Recovery Market- Growth, Future Prospects, Competitive Analysis, and Forecast 2017 – 2025, the global enhanced oil recovery market has been estimated to be valued at US$ 54.8 Bn by the end of 2017, and is expected to reach US$ 475.3 Bn by 2025, expanding at a CAGR of 19.5% from 2017 to 2025.

Browse Full Report Click Here: http://www.acutemarketreports.com/report/enhanced-oil-recovery-market

Market Insights

Enhanced Oil recovery (EOR) techniques are widely used to enhance the production of crude oil produced from a reservoir. In this process, the oil recovery is increased by injecting substance into the oil well to increase pressure and reduce viscosity of the crude oil. In conventional process, the recovery from oil well is approximately 30% of the oil reserve capacity whereas with EOR techniques upto 70% of the oil can be extracted from the reservoir. In case of heavy oil reservoir where crude extraction from primary recovery is difficult, enhanced oil recovery techniques such as thermal injection are widely used to enhance the oil recovery.

However, this technique is not effective when the reservoirs are deep or too thin. Moreover, thermal injection technique requires high capital investment which may a feasible solution in case of smaller oil fields. Similarly, chemical injection techniques is one of the fastest growing techniques in enhance oil recovery market and are most effective to increase the yield in case of wet oil reservoirs. Increasing use of gas injection techniques as tertiary recovery method especially CO2 injection techniques are expected to intensify the growth of the enhanced oil recovery market till 2023.

Decline in oil prices in recent past has adversely affected the profit margin of oil producers. Thus, oil producers are concentrating on improving oil production from existing oil wells with the use of technologies such as enhance oil recovery this in turn is fueling the demand for enhance oil recovery techniques. Moreover, increasing number of matured reserves coupled with increasing production of shale gas is expected to augment the growth of enhanced oil recovery market. Besides this, gas injection technique provides added advantage for the commercial use of green house gases such as carbon dioxide (CO2) generated by various industries and power plants coupled with various government initiatives for the same disposal of green house gases is expected to drive the growth of enhanced oil recovery market over the forecast period 2016-2023.

Browse The Complete Report At http://www.acutemarketreports.com/report/enhanced-oil-recovery-market

Competitive Insights:

Global enhanced oil recovery market is segmented on the basis of technology such as thermal injection, gas injection and chemical injection. In 2015, thermal injection segment contributed the highest revenue share of the global enhanced oil recovery market. However, the segment has become matured and is expected to lose it market share to gas injection and chemical injection segment.

The gas injection segment is anticipated to expand at a robust growth over the forecast period (2016-2023). Growing production of non-conventional shale gas and tight oil is fueling the demand for chemical injection segment.

The segment is expected to register significant growth over the forecast period. Leading players in the global enhanced oil recovery market are involved in constantly innovating new techniques to enhance oil recovery from the reservoirs. Currently, matured reserve contributes over 65% of crude oil produced globally which indicates the future opportunities for enhance oil recovery technologies. Therefore, the global enhanced oil recovery market is projected to register robust CAGR over the forecast period (2016-2023).

Key Trends:

• Merger & Acquisition
• Development of new techniques

Browse All Reports of This Category: http://www.acutemarketreports.com/category/market-research

Table of Content :

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Enhanced Oil Recovery Market

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Challenges
3.2.3 Market Opportunities
3.3 Attractive Investment Proposition
3.4 Market Share Analysis of Key Manufactures in Global Enhanced Oil Recovery Market

Chapter 4 Global Enhanced Oil Recovery Market Analysis, By Technology
4.1 Thermal Injection
4.2 Gas Injection
4.3 Chemical Injection

Latest Reports:

http://www.acutemarketreports.com/report/load-cells–market

http://www.acutemarketreports.com/report/global-e-commerce-logistics-market

http://www.acutemarketreports.com/report/india-water-purifier-market

About – Acute Market Reports:

Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements. We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends.

Our team consists of highly motivated market research professionals and they are accountable for creating the groundbreaking technology that we utilize in our search engine operations to easily recognize the most current market research reports online.

Contact Us:

Name : Chris Paul

Designation : Global Sales Manager

Toll Free(US/CANADA): +1-855-455-8662

Email : sales@acutemarketreports.com

Website : http://www.acutemarketreports.com

Author

Back to Top