United States Digital Oilfield Market By Processes (Reservoir, Production Optimization & Drilling Optimization), By Solutions (Hardware, Software & Service, & Data Storage Solutions), By Application (On-shore & Off-shore), By Technology (IoT, Advance Analytics, Robotics, Cloud Computing, Mobility & Others), By Service (Automation, Instrumentation, Security, Others), By End Use (Upstream, Midstream, & Downstream), Competition, Forecast & Opportunities, 2027

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.

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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.

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:
• On-shore
• Off-shore
• 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).

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