NEW YORK, June 26, 2017 /PRNewswire/ --
Highlights
· The wireless
audio market to grow at a CAGR of 10.06% between 2017 and 2023
· The wireless
audio market is expected to grow from USD
16.13 billion in 2016 to USD 31.80
billion by 2023, at a CAGR of 10.06% between 2017 and
2023.
· The reservoir
analysis market is projected to grow at a CAGR of 4.11%, from 2017
to 2022.
· The reservoir
analysis market is projected to reach USD
8.95 billion by 2022, growing at a CAGR of 4.11%, from 2017
to 2022.
· This growth is
attributed to increasing focus on mature oil & gas fields and
new field developments, increase in energy demand from emerging
economics, and increased reliability in reservoir analysis due to
technology advancements.
· High cost,
complexity and risk associated with reservoir analysis, political
issues, and lack of technological capabilities, are key restraints
for the growth of the reservoir analysis market.
· Data
Acquisition and Monitoring Services: The fastest service segment of
the reservoir analysis market
· Data
acquisition and monitoring services is the fastest growing segment
for reservoir analysis during the forecast period.
· It also holds
the largest share in the reservoir analysis market. Data
acquisition and monitoring services help to enhance reservoir
functionality and optimize production by providing real time
information with a faster decision cycle.
"The reservoir analysis market is projected to grow at a CAGR
of 4.11%, from 2017 to 2022."
The reservoir analysis market is projected to reach USD 8.95 billion by 2022, growing at a CAGR of
4.11%, from 2017 to 2022. This growth is attributed to increasing
focus on mature oil & gas fields and new field developments,
increase in energy demand from emerging economics, and increased
reliability in reservoir analysis due to technology advancements.
High cost, complexity and risk associated with reservoir analysis,
political issues, and lack of technological capabilities, are key
restraints for the growth of the reservoir analysis market.
"Data Acquisition and Monitoring Services: The fastest service
segment of the reservoir analysis market"
Data acquisition and monitoring services is the fastest growing
segment for reservoir analysis during the forecast period. It also
holds the largest share in the reservoir analysis market. Data
acquisition and monitoring services help to enhance reservoir
functionality and optimize production by providing real time
information with a faster decision cycle. Various equipment and
software are used to perform the data acquisition task. The tools
that are used include memory gauges, surface readout tools, and
surface measuring equipment, which are used to get accurate and
real time data of a well. The increase in E&P activities from
unconventional resources, is expected to increase the demand for
data acquisition and monitoring services
"The North American market is expected to grow at the highest
CAGR, from 2017 to 2022."
The market in North America is
also expected to grow at the highest CAGR, from 2017 to 2022, owing
to the increase in production of oil & gas in the region. The
North American market is primarily driven by the market in the U.S.
which was the world's top producer of petroleum and natural gas
hydrocarbons in 2015, surpassing Russia and Saudi
Arabia. The liberalization of the energy sector in
Mexico is expected to attract
foreign investors and is also expected to drive the reservoir
analysis market. The presence of 573 trillion cubic feet estimates
of shale reservoirs, in Canada, is
attracting many international and national oil companies, which are
interested to explore sedimentary basins and shale areas of the
country. All these factors contribute to the high growth rate of
the market in North America.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry
participants, subject matter experts, C-level executives of key
market players, and industry consultants, among other experts, to
obtain and verify critical qualitative and quantitative
information, as well as to assess future market prospects. The
distribution of primary interviews is as follows:
By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%
By Designation: C-Level- 35%, Manager-Level- 25%, Others- 40%
By Region: North America- 30%,
Europe- 23% Asia-Pacific- 17%, South America- 15% , Middle East- 10%, Africa- 5%
Note: Others includes engineers, industry consultants, university
professors, and distributors
The tier of the companies has been defined on the basis of their
total revenue as of 2015: Tier 1 = >USD
10 billion, Tier 2 = USD 1 billion to
USD 10 billion, and Tier 3 =
Leading players in the reservoir analysis market include Baker
Hughes Incorporated (U.S.), Halliburton Company (U.S.),
Schlumberger Limited (U.S.), Weatherford International, PLC
(Switzerland), and SGS SA
(Switzerland).
Report Coverage
The report provides a picture of the reservoir analysis market
across its different segments and regions. It aims at estimating
the market size and future growth potential of this market, in
value. Furthermore, the report provides a comprehensive review of
major market drivers, restraints, opportunities, challenges, and
key issues and also includes in-depth competitive analyses of the
key players in the market along with their company profiles, recent
developments, and key market strategies.
Key Benefits of Buying the Report:
The report would help market leaders and new entrants in the market
by providing them the closest approximations of revenue numbers for
the overall reservoir analysis market and its sub-segments. This
report will help stakeholders to better understand the competitive
landscape and gain insights to better position their businesses and
make suitable go-to-market strategies. The report also helps
stakeholders understand the pulse of the market and provides them
information on key market drivers, restraints, challenges, and
opportunities. The report will help key players understand the
strategies of their competitors better and will help in making
strategic decisions.
Read the full report:
http://www.reportlinker.com/p04954572/Reservoir-Analysis-Market-by-Service-Application-Reservoir-Type-and-Region-Global-Forecast-to.html
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