Digital Oilfield Market Size, Share & Trends Analysis Report By Application (Upstream, Midstream, Downstream), By Service (IT Services, Instrumentation & Automation), By Region, And Segment Forecasts, 2019 - 2025

Published: Oct, 2019 | Pages: 95 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)

The global digital oilfield market size is expected to reach USD 40.21 billion by 2025, expanding at a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Expected growth in the number of oil and gas reserves, coupled with the need for increased operational efficiency, is likely to strengthen the demand for digital oilfields.

Growing requirement for real-time monitoring systems that provide timely updates through wireless connectivity is anticipated to provide growth opportunities for digital oilfield technology. The market is primarily driven by the need to maximize oilfield recovery, eliminate nonproductive time, and reduce capital and operating expenses by integrating the workflow.

The upstream application segment accounts for a significant share in the industry. Digitalization of upstream processes, including production, reservoir, and drilling optimization through digital twin well evaluation, is expected to benefit the industry growth. In addition, growing digitalization of other upstream processes such as production surveillance, predictive process control, intelligent command centers, and control systems is anticipated to positively impact the market growth. Such control systems include Supervisory Control and Data Acquisition (SCADA).

Industry participants are adopting several strategic initiatives such as technological collaborations with software providers to expand their foothold in the industry. For instance, in February 2019, ExxonMobil partnered with Microsoft, adopting the latter's integrated cloud technology to gain access to real-time data from oilfield assets.

Further key findings from the report suggest:

• Instrumentation & automation will emerge as the fastest growing segment exhibiting a CAGR of 5.8% over the forecast period, on account of the development of advanced data acquisition and interpretation systems and rising adoption of wireless networks

• The downstream application segment was valued at USD 10.84 billion in 2018 owing to factors such as rapid digitalization of refining processes, adoption of smart refineries, higher yields, and reduced inventory costs

• North America dominated the global digital oilfield market accounting for 30.70% of the global revenue in 2018 due to surge in domestic production and shale gas reserves discoveries across the region

• Europe was valued at USD 7.08 billion in 2018 and is forecast to witness substantial growth on account of new development projects in North Sea fields such as Johan Sverdrup field, Johan Castberg Field, and Mariner Heavy Oil Field

• The industry witnessed a number of new product launches with Weatherford launching an advanced technology called ForeSite Edge, which increases productivity by identifying optimization opportunities and reducing downtime through predictive-failure analytics.

 Table of Contents

Chapter 1 Methodology and Scope
                    1.1 Market Segmentation & Scope
                    1.2 Market Definition
                    1.3 Information Procurement
                        1.3.1 Purchased Database
                        1.3.2 GVR's Internal Database
                        1.3.3 Secondary Sources & Third-Party Perspectives
                        1.3.4 Primary Research
                    1.4 Information Analysis
                        1.4.1 Data Analysis Model
                    1.5 Market Formulation & Data Visualization
                    1.6 Data Validation & Publishing
                    1.7 Research Methodology
                    1.8 Research Scope and Assumptions
                    1.9 List of Data Sources
Chapter 2 Executive Summary
                    2.1 Market Outlook
                    2.2 Segmental Outlook
                    2.3 Competitive Insights
Chapter 3 Market Variables, Trends, and Scope
                    3.1 Market lineage outlook
                        3.1.1 Global Oil & Gas Market
                    3.2 Penetration & Growth Prospect Mapping
                    3.3 Industry Value Chain Analysis
                        3.3.1 Upstream Trends
                        3.3.2 Midstream Trends
                        3.3.3 Downstream Trends
                        3.3.4 List of Key Applications by Sector
                    3.4 Technological Overview
                    3.5 Digital Oilfield Market Dynamics
                        3.5.1 Market Driver Analysis
                        3.5.2 Market Restraint Analysis
                        3.5.3 Industry Challenges
                    3.6 Business Environment Analysis
                        3.6.1 Porter's Five Forces
                            3.6.1.1 Bargaining Power of Buyer
                            3.6.1.2 Bargaining Power of Suppliers
                            3.6.1.3 Competitive Rivalry
                            3.6.1.4 Threat of Substitution
                            3.6.1.5 Threat of New Entrants
                        3.6.2 PESTEL Analysis
                            3.6.2.1 Political Landscape
                            3.6.2.2 Economic Landscape
                            3.6.2.3 Social Landscape
                            3.6.2.4 Technological Landscape
                            3.6.2.5 Environmental Landscape
                            3.6.2.6 Legal Landscape
Chapter 4 Digital Oilfield: Application Estimates & Trend Analysis
                    4.1 Definition & Scope
                    4.2 Global Digital Oilfield Market: Application Type Movement Analysis, 2018 & 2025
                        4.2.1 Upstream
                            4.2.1.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                        4.2.2 Midstream
                            4.2.2.1 Market estimates and forecast, 2014 - 2025 (USD Billion)
                        4.2.3 Downstream
                            4.2.3.1 Market estimates and forecast, 2014 - 2025 (USD Billion)
Chapter 5 Digital Oilfield: Service Estimates & Trend Analysis
                    5.1 Definition & Scope
                    5.2 Global Digital Oilfield Market: Service Movement Analysis, 2018 & 2025
                        5.2.1 IT Services
                            5.2.1.1 Market estimates and forecast, 2014 - 2025 (USD Billion)
                        5.2.2 Instrumentation and Automation
                            5.2.2.1 Market estimates and forecast, 2014 - 2025 (USD Billion)
Chapter 6 Digital Oilfield: Regional Estimates & Trend Analysis
                    6.1 Global Digital Oilfield market: Regional movement analysis, 2018 & 2025
                    6.2 North America
                        6.2.1 Market estimates and forecast, 2014 - 2025 (USD Billion)
                        6.2.2 Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                        6.2.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.2.4 U.S.
                            6.2.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.2.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Billion)
                            6.2.4.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.2.5 Canada
                            6.2.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.2.5.2 Market estimates and forecasts, by application, 2014 - 2025 (USD Billion)
                            6.2.5.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.2.6 Mexico
                            6.2.6.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.2.6.2 Market estimates and forecasts, by application, 2014 - 2025 (USD Billion)
                            6.2.6.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                    6.3 Europe
                        6.3.1 Market estimates and forecast, 2014 - 2025 (USD Billion)
                        6.3.2 Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                        6.3.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.3.4 U.K.
                            6.3.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.3.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Billion)
                            6.3.4.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.3.5 Norway
                            6.3.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.3.5.2 Market estimates and forecasts, by application, 2014 - 2025 (USD Billion)
                            6.3.5.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.3.6 Russia
                            6.3.6.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.3.6.2 Market estimates and forecasts, by application, 2014 - 2025 (USD Billion)
                            6.3.6.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                    6.4 Asia Pacific
                        6.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                        6.4.2 Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                        6.4.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.4.4 China
                            6.4.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.4.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Billion)
                            6.4.4.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.4.5 India
                            6.4.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.4.5.2 Market estimates and forecasts, by application, 2014 - 2025 (USD Billion)
                            6.4.5.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.4.6 Indonesia
                            6.4.6.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.4.6.2 Market estimates and forecasts, by application, 2014 - 2025 (USD Billion)
                            6.4.6.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                    6.5 Central & South America
                        6.5.1 Market estimates and forecast, 2014 - 2025 (USD Billion)
                        6.5.2 Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                        6.5.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.5.4 Brazil
                            6.5.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.5.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Billion)
                            6.5.4.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.5.5 Argentina
                            6.5.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.5.5.2 Market estimates and forecasts, by application, 2014 - 2025 (USD Billion)
                            6.5.5.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                    6.6 Middle East & Africa
                        6.6.1 Market estimates and forecast, 2014 - 2025 (USD Billion)
                        6.6.2 Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                        6.6.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.6.4 U.A.E.
                            6.6.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.6.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Billion)
                            6.6.4.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
                        6.6.5 Saudi Arabia
                            6.6.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
                            6.6.5.2 Market estimates and forecasts, by application, 2014 - 2025 (USD Billion)
                            6.6.5.3 Market estimates and forecasts, by service, 2014 - 2025 (USD Billion)
Chapter 7 Competitive & Vendor Landscape
                    7.1 Key global players & recent developments & their impact on the industry
                    7.2 Vendor Landscape
                    7.3 Key Company/Competition Categorization
                    7.4 Competitive Environment
                    7.5 Strategic Framework
                    7.6 Public Companies
                        7.6.1 Company Market Position Analysis
                        7.6.2 Company Market Ranking
                    7.7 Private Companies
                        7.7.1 Company Market Position Analysis
Chapter 8 Company Profiles
                    8.1 Halliburton
                        8.1.1 Company Overview
                        8.1.2 financial performance
                        8.1.3 Battery type benchmarking
                        8.1.4 Strategic initiatives
                    8.2 Weatherford
                        8.2.1 Company Overview
                        8.2.2 Financial performance
                        8.2.3 Battery type benchmarking
                        8.2.4 Strategic Initiatives
                    8.3 Schlumberger
                        8.3.1 Company Overview
                        8.3.2 Financial performance
                        8.3.3 Battery type benchmarking
                        8.3.4 Strategic Initiatives
                    8.4 ABB
                        8.4.1 Company Overview
                        8.4.2 Financial performance
                        8.4.3 Battery type benchmarking
                        8.4.4 Strategic Initiatives
                    8.5 National Oil Varco
                        8.5.1 Company Overview
                        8.5.2 Financial performance
                        8.5.3 Battery type benchmarking
                        8.5.4 Strategic Initiatives
                    8.6 Siemens
                        8.6.1 Company Overview
                        8.6.2 Financial performance
                        8.6.3 Battery type benchmarking
                        8.6.4 Strategic Initiatives
                    8.7 Larsen & Toubro Infotech Limited
                        8.7.1 Company Overview
                        8.7.2 Financial performance
                        8.7.3 Battery type benchmarking
                        8.7.4 Strategic Initiatives
                    8.8 Rockwell Automation
                        8.8.1 Company Overview
                        8.8.2 Financial performance
                        8.8.3 Battery type benchmarking
                        8.8.4 Strategic Initiatives
                    8.9 Baker Hughes
                        8.9.1 Company Overview
                        8.9.2 Financial performance
                        8.9.3 Battery type benchmarking
                        8.9.4 Strategic Initiatives
                    8.10 Accenture
                        8.10.1 Company Overview
                        8.10.2 Financial performance
                        8.10.3 Battery type benchmarking
                        8.10.4 Strategic Initiatives

List of Tables

Table 1 List of Abbreviation
Table 2 Global upstream digital Oilfield market estimates and forecasts, 2014 - 2025 (USD Billion)
Table 3 Global midstream digital Oilfield market estimates and forecasts, 2014 - 2025 (USD Billion)
Table 4 Global downstream digital Oilfield market estimates and forecasts, 2014 - 2025 (USD Billion)
Table 5 Global digital Oilfield market estimates and forecasts in IT services, 2014 - 2025 (USD Billion)
Table 6 Global digital Oilfield market estimates and forecasts in instrumentation and automation, 2014 - 2025 (USD Billion)
Table 7 North America digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 8 North America digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 9 North America digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 10 U.S. digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 11 U.S. digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 12 U.S. digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 13 Canada digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 14 Canada digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 15 Canada digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 16 Mexico digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 17 Mexico digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 18 Mexico digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 19 Europe digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 20 Europe digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 21 Europe digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 22 U.K. digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 23 U.K. digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 24 U.K. digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 25 Norway digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 26 Norway digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 27 Norway digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 28 Russia digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 29 Russia digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 30 Russia digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 31 Asia Pacific digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 32 Asia Pacific digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 33 Asia Pacific digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 34 China digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 35 China digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 36 China digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 37 India digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 38 India digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 39 India digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 40 Indonesia digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 41 Indonesia digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 42 Indonesia digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 43 Central & South America digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 44 Central & South America digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 45 Central & South America digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 46 Brazil digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 47 Brazil digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 48 Brazil digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 49 Argentina digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 50 Argentina digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 51 Argentina digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 52 Middle East & Africa digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 53 Middle East & Africa digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 54 Middle East & Africa digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 55 U.A.E. digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 56 U.A.E. digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 57 U.A.E. digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)
Table 58 Saudi Arabia digital Oilfield market estimates and forecast, 2014 - 2025 (USD Billion)
Table 59 Saudi Arabia digital Oilfield market estimates and forecast, by application, 2014 - 2025 (USD Billion)
Table 60 Saudi Arabia digital Oilfield market estimates and forecast, by service, 2014 - 2025 (USD Billion)

List of Figures

Fig. 1 Digital Oilfield market snapshot
Fig. 2 Digital Oilfield value chain analysis
Fig. 3 Marker dynamics
Fig. 4 Marker driver impact analysis
Fig. 5 Marker restraint impact analysis
Fig. 6 Digital Oilfield market - Porter's analysis
Fig. 7 Digital Oilfield market - PESTEL analysis
Fig. 8 Digital Oilfield market: Application movement analysis, by revenue, 2018 & 2025 (USD Billion)
Fig. 9 Global Digital Oilfield market: Service movement analysis, by revenue, 2018 & 2025 (USD Billion)
Fig. 10 Regional market snapshot
Fig. 11 Global Digital Oilfield market: Regional movement analysis, by revenue 2018 & 2025 (USD Billion)
Fig. 12 Competitive Environment
Fig. 13 Strategy Framework

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