United States digital oilfield market is
expected to grow at a CAGR of around 5% during the forecast period. Digital
oilfield refers to the automation of upstream, midstream, and downstream
oilfield activities. Digital
oilfield includes use of advanced software and data analysis techniques to
improve the profitability of oil & gas production operations.
The rising
rig count, inclination and the attempts made by the industries to upstream
their assets are the major factors driving the United States digital oilfield market.
Additionally, advantages such as improved safety, optimized production rate of hydrocarbons,
environmental protection, ease in finding reserves, cost savings increased
productivity, safer operations, among others
offered by the digital oilfields are further propelling the market.
The United States digital
oilfield market is segmented based on processes,
solutions, application, technology, service, end use, country and company. Based
on processes, the market can be fragmented into reservoir, production
optimization and drilling optimization. The production optimization segment is
expected to dominate the market on account of the increasing production
activities among the major oil & gas suppliers worldwide.
Based on
solutions, the market can be categorized into hardware, software & service
and data storage solutions. The hardware segment holds the largest market share
attributable to the increasing investments by oilfield operators towards
technological enhancements and process automation. Based on application, the
market can be bifurcated into on-shore and off-shore. The on-shore segment is
expected to register significant growth during the forecast period owing to the
surging demand for energy coupled with increasing oil consumption.
Based on
service, the market can be grouped into automation, instrumentation, security
and others. The instrumentation and automation segments are expected to witness
significant growth during forecast period owing to increasing demand for
automated oilfield processes.
The major players operating in the digital
oilfield market are Schlumberger Limited, Halliburton Company, Baker
Hughes, a GE Company, LLC, National Oilwell Varco LP, Emerson Process
Management LLLP, Rockwell Automation, Inc., Honeywell International Inc., Cisco
Systems, Inc, General Electric Company, Emerson Electric Co. and others. Major companies are developing
advanced technologies and launching new products in order to stay competitive
in the market. Other competitive strategies include mergers & acquisitions
and new product developments.
Objective of the Study:
- To analyze and forecast the market size of United States digital
oilfield market.
- To classify and forecast United States digital oilfield market
based on processes, solutions, application,
technology, service, end use, company and regional distribution.
- To identify drivers and challenges for United States digital
oilfield market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in United States digital
oilfield market.
- To conduct pricing analysis for United States digital oilfield market.
- To identify and analyze the profile of leading players operating in
United States digital oilfield market.

Click here to download the sample
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the country. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the country.
TechSci
Research calculated the market size of United States digital oilfield market by using a
bottom-up approach, wherein data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Digital oilfield manufacturers and suppliers
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
digital oilfield
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Attribute
|
Details
|
Base
Year
|
2021
|
Historical
Years
|
2017 –
2020
|
Estimated
Year
|
2022E
|
Forecast
Period
|
2023F –
2027F
|
Quantitative
Units
|
Revenue in
USD Million, and CAGR for 2017-2021 and 2022E-2027F
|
Report
Coverage
|
Revenue forecast,
company share, competitive landscape, growth factors, and trends
|
Segments
Covered
|
- Processes
- Solution
- Application
- Technology
- Services
- End Use
|
Region
Scope
|
South-Region,
West-Region, Mid-West Region & Northeast-Region
|
Key
Companies Profiled
|
Schlumberger
Limited, Halliburton Company, Baker Hughes, a GE Company, LLC, National
Oilwell Varco LP, Emerson Process Management LLLP, Rockwell Automation, Inc.,
Honeywell International Inc., Cisco Systems, Inc, General Electric Company,
Emerson Electric Co
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, United States digital
oilfield market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- United States Digital Oilfield Market, By Processes:
- Reservoir
- Production
Optimization
- Drilling
Optimization
- United States Digital Oilfield Market, By Solutions:
- Hardware
- Software
& Service
- Data
Storage Solutions
- United States Digital Oilfield Market, By Application:
- United States Digital Oilfield Market,
By Technology:
o IoT
o Advance
Analytics
o Robotics
o Cloud
Computing
o Mobility
o Others
- United States Digital Oilfield Market,
By Service:
o Automation
o Instrumentation
o Security
o Others
- United States Digital Oilfield Market,
By End Use:
o Upstream
o Midstream
o Downstream
- United States Digital Oilfield Market, By Region:
- North-East
- Mid-West
- West
- South
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in United States digital oilfield market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]