According
to “Enhanced Oil Recovery Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 - 2023”, a recent report
published by Transparency Market Research, the global market for
enhanced oil recovery (EOR), valued at US$38.1 billion in 2012, is
projected to reach US$516.7 billion by the end of 2023. The report
states that the global enhanced oil recovery market will grow at
26.7% CAGR during the forecast period.
Browse
the full Global Enhanced Oil Recovery (EOR) Market Report:
http://www.transparencymarketresearch.com/enhanced-oil-recovery.html
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are currently offering a flat 15% discount on all purchases until end
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The
report on the global market for enhanced oil recovery compiled by
Transparency Market Research includes diligently researched facts and
figures to give readers a comprehensive overview of the market
behavior.
The
report presents an in-depth analysis of the various EOR technologies
used for extracting oil, including chemical injection, thermal
injection and gas injection. According to the report, thermal
injection is most widely used across the industry, which makes it the
highest grossing segment. It accounted for 51.5% of the overall
market in 2012. Market experts are of the view that the industry has
already reached its mature stage, which enhances its chances of
losing a significant share of the global market to other
technologies. The market for gas EOR is anticipated to grow and take
up 38.5% of the market by 2023. Additionally, chemical technology of
EOR that accounted for 10.3% share of the global market in 2012 is
anticipated to reach 29.71% by the end of 2023.
The
report also evaluates the global enhanced oil recovery market in
terms of geographical segments.
North
America dominated the market in 2012, with a 38.9% share of the
global market on the basis of volume. This makes North America a
vital region for the global EOR market, according to the report. The
U.S., Mexico, and Canada are the most prominent markets, registering
the highest demand for EOR in North America.
The
Rest of the World accounted for a 30.9% share of the global market in
2012. The markets across the region are anticipated to register an
impressive CAGR in terms of increase in demand during the forecast
period from 2013 to 2023.
Browse
the full Press Release
:http://www.transparencymarketresearch.com/pressrelease/enhanced-oil-recovery.htm
Europe
is also expected to register high growth in terms of increase in
demand over the next couple of years. According to the report,
upcoming projects in the Middle East, the United Kingdom, and Russia
will fuel growth and consequently demand from the enhanced oil
recovery market in the region. In fact the EOR market will prove to
be very lucrative for commercial expansions and development. As
stated by the report, the EOR market in Europe is projected to grow
to 13.1% by the end of 2023.
Asia
Pacific only has China with a significant number of EOR projects, due
to which the region is projected to lose its share in the global
market during the estimated period from 2013 to 2023, as mentioned in
the report.
The
report underlines the names of key players in the global EOR market
such as Anadarko Petroleum Corporation, Cenovus Energy Inc., Conoco
Phillips, BP Plc, Statoil ASA, Chevron Corporation, Royal Dutch Shell
Plc, Exxon Mobil Corporation, and Petronas. These companies are
anticipated to lead the global market for enhanced oil recovery
during the forecast period.
Request
a Sample of this Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1066
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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