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The report "Reservoir Analysis Market by Service (Geo Modeling, & Reservoir Simulation, Data Acquisition & Monitoring, and Reservoir Sampling), Application (Onshore & Offshore) Wholesale Marco Belinelli Jersey , Reservoir Type (Conventional & Unconventional), and Region - Global Forecast to 2022", The reservoir analysis market is expected to grow from an estimated USD 7.32 Billion in 2017 to USD 8.95 Billion by 2022, at a CAGR of 4.11%. This growth is attributed to the increase in energy demand from emerging economics, increasing focus on mature oil & gas fields Wholesale DeAndre' Bembry Jersey , new field developments, and increased reliability in reservoir analysis due to technology advancements.
Data acquisition and monitoring services: The largest segment of the reservoir analysis market, by service, in 2017
Data acquisition and monitoring services held the largest share in the reservoir analysis market. Data acquisition and monitoring services helps 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 includes memory gauges, surface readout tools Wholesale Mike Muscala Jersey , and surface measuring equipment, which are used to get accurate and real time data of a well. Increase in E&P activities from unconventional resources is expected to increase the demand for data acquisition and monitoring services.
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Scope of the Report:
By Service
鈥?Reservoir Simulation and Geo Modeling
鈥?Data Acquisition and Monitoring
鈥?Reservoir Sampling Services
By Resource type
鈥?Conventional
鈥?Unconventional
By Application
鈥?Onshore
鈥?Offshore
By Region
鈥?Europe
鈥?North America
鈥?Asia-Pacific
鈥?Middle East
鈥?Africa
鈥?South America
To speak to our analyst for a discussion on the above findings, click
The onshore sub-segment is estimated to have the highest growth rate in the reservoir analysis market, by application
The onshore segment is expected to dominate the reservoir analysis market and is also expected to grow at the fastest rate during the forecast period. In the Middle East and North American region, the maximum number of oilfields are located onshore Wholesale Kent Bazemore Jersey , and, thus, exploration & production activities carried out in these regions are expected to drive the onshore segment during the forecast period.
Unconventional sub-segment is estimated to have the highest growth rate in the reservoir analysis market, by resource type
The development of new technologies, such as hydraulic fracturing and directional or horizontal drilling and the abundance of unconventional resources globally Wholesale John Collins Jersey , have led to an increase in the exploration & production from unconventional resources. These factors are expected to drive the unconventional reservoir analysis market at the fastest rate during the forecast period.
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North America: The largest market for reservoir analysis in 2017
The market in North America is currently the largest market of the reservoir analysis market, closely followed by Asia-Pacific. Technological advancements in drilling, . Cheap Jerseys Cheap Jerseys Cheap Wholesale Jerseys Cheap Jerseys China Free Shipping Cheap NFL Jerseys From China Cheap NFL Jerseys China Cheap Wholesale NFL Jerseys Cheap Football Jerseys Cheap NFL Football Jerseys Cheap NFL Jerseys Online