Reservoir Analysis Market worth $8.95 Billion by 2022

1. Reservoir Analysis Market worth $8.95 Billion by 2022 According to the new market research report "Reservoir Analysis Market by Service (Geo Modeling, & Reservoir Simulation, Data Acquisition & Monitoring, and Reservoir Sampling), Application (Onshore & Offshore), Reservoir Type (Conventional & Unconventional), and Region - Global Forecast to 2022", published by MarketsandMarkets™, 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, new field developments, and increased reliability in reservoir analysis due to technology advancements. Browse 63 market data tables and 46 figures spread through 164 pages and in-depth TOC on "Reservoir Analysis Market” Early buyers will receive 10% customization on reports. 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, 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. Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177178348 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 numbers of oilfields are located onshore, and, thus, exploration & production activities carried out in these regions are expected to drive the onshore segment during the forecast period. 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, such as long-reach horizontal well bores and completion techniques, such as multi-stage hydraulic fracturing, have led to an increase in E&P from unconventional resources and is driving the reservoir analysis market in this region. The market in the U.S. dominates the North American market, followed by Canada and Mexico. The market in the U.S. surpassed the

2. markets in Russia and Saudi Arabia, and became the world’s top producer of petroleum and natural gas hydrocarbons in 2015. Request Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=177178348 To enable an in-depth understanding of the competitive landscape, the report includes, profiles of some of the top service providers in the reservoir analysis market. These players include Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International, PLC (Switzerland), Roxar Software Solutions AS (Norway), SGS SA (Switzerland), Core Laboratories (U.S.), ALS Oil & Gas (Australia), CGG SA (France), Expro International Group Holding, Ltd. (U.K.), and Trican Well Service Limited (Canada) among others. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com