The Reservoir Analysis Global Market Report 2023, provides comprehensive information on the reservoir analysis market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Reservoir Analysis Global Market Report 2023, the market size is expected to grow from $8.43 billion in 2022 to $9.07 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of reservoir analysis market is expected to reach $11.83 billion in 2027 at a CAGR of 6.9%.
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Technological advancements are a key trend gaining popularity in the reservoir analysis market. Companies operating in the reservoir analysis market are adopting new technologies to sustain their position in the market. For instance, in June 2022, GeoSoftware, a US-based software consulting firm, launched new reservoir characterization technology for increased E&P (exploration and production) efficiency. The release of HampsonRussell 12.0 introduces GeoAI, a groundbreaking methodology for seismic reservoir characterization with limited good control. Using Rock Physics theory and statistical simulations, GeoAI models various geological situations. It employs a simplified machine learning approach that allows users to train Convolutional Neural Networks on synthetic data and transfer the learnings to real seismic data, enhancing the estimation of multiple rock property volumes. HampsonRussell 12.0 also includes faster and more accurate spatial interpolation, enabling efficient Strata model building and horizon/slice-related operations.
The reservoir analysis market is segmented:
1) By Reservoir Type: Conventional, Unconventional
2) By Service: Geo Modeling And Reservoir Simulation, Data Acquisition And Monitoring, Reservoir Sampling
3) By Application: Onshore, Offshore
North America was the largest region in the reservoir analysis market in 2022.
The table of contents in TBRC’s reservoir analysis market report includes:
1. Executive Summary
2. Reservoir Analysis Market Characteristics
3. Reservoir Analysis Market Trends And Strategies
4. Reservoir Analysis Market – Macro Economic Scenario
5. Reservoir Analysis Market Segmentation
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26. South America Reservoir Analysis Market
27. Brazil Reservoir Analysis Market
28. Middle East Reservoir Analysis Market
29. Africa Reservoir Analysis Market
30. Reservoir Analysis Market Competitive Landscape And Company Profiles
Top Major Players:
- Shell Global Solutions
- Schlumberger Limited
- Baker Hughes Company
- Halliburton Company
- Emerson Electric Co
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