Reservoir Analysis Market Analysis | 2023-2028

Market Insights

The reservoir analysis market was estimated at USD 7.3 billion in 2022 and is likely to grow at a CAGR of 4.4% during 2023-2028 to reach USD 9.5 billion in 2028.

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Market Dynamics

Introduction

Reservoir analysis develops and collects surface data to integrate analysis of rocks, pores, and fluids from various reservoirs. Further, it calculates dynamic rock & fluid properties and gives reservoir model indirect measurements. It is used in both conventional and nonconventional reservoirs. On the basis of services, it can be categorized into reservoir simulation & geo modeling, data acquisition & monitoring services, and reservoir sampling services.

Market Drivers

The major factors that are driving the reservoir analysis market are increasing energy demand from emerging economies, growing focus on mature oil and gas fields and new field developments, and mounting reliability in reservoir analysis on account of technology advancements.

Segment Analysis

By Service Type

Based on the service type, the market is segmented as reservoir simulation & geo modeling, data acquisition & monitoring services, and reservoir sampling services. The data acquisition & monitoring services segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. It aids in enhancing reservoir functionality and improves production by providing real-time information with a faster decision cycle.

By Reservoir Type

Based on the reservoir type, the market is segmented as conventional and unconventional reservoir. The unconventional reservoir type segment is expected to grow at a higher rate during the forecast period. Development of new technologies and the abundant presence of unconventional resources globally are expected to drive the growth of the segment.

Regional Insights

In terms of regions, North America is estimated to be the largest market during the forecast period. Increased oil & gas exploration activities from unconventional resources in the USA is the major factor driving the North American market. Asia-Pacific and Europe are also expected to offer sizeable opportunities during the forecast period.

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Key Players

Following are the key players in the market:

• Schlumberger Limited
• Halliburton Company
• Baker Hughes Incorporated
• Weatherford International, PLC
• CGG SA
• Core Laboratories
• Tracerco
• SGS SA
• ALS Oil & Gas
• Expro Group
• Geokinetics
• Intertrek
• Paradigm
• Roxar Software Solutions AS,
• Trican Well Service Limited.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s reservoir analysis market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our reservoir analysis market report from the industry stakeholders, we have tried to further accentuate our research scope to the reservoir analysis market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new player
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The reservoir analysis market is segmented into the following categories.

By Service Type

• Reservoir Simulation and Geo Modeling
• Data Acquisition & Monitoring Services
• Reservoir Sampling Services

By Application Type

• Offshore
• Onshore

By Reservoir Type

• Conventional
• Unconventional

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the reservoir types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.