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Reservoir Analysis Market to Hit $22,432 Million by 2019

This reservoir analysis market is estimated to reach about $22,432.0 million by 2019, signifying a noticeable growth rate of over 10.6% from 2014-2019.

 

Dallas, TX -- (SBWIRE) -- 02/24/2015 -- The report "Reservoir Analysis Market by Service, (Reservoir Simulation, & Geo-Modeling, Data Acquisition & Monitoring and Reservoir Sampling Services), by Application (Onshore and Offshore), and by Geography - Global Trends & Forecasts to 2014 - 2019", defines and segments the global reservoir analysis market with analysis and forecast of the global market share.

Browse 73 market data tables and 65 figures spread through 181 pages and in-depth TOC on "Reservoir Analysis Market - Global Trends & Forecasts to 2014 - 2019"

http://www.marketsandmarkets.com/Market-Reports/reservoir-analysis-market-177178348.html

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The reservoir analysis market is estimated to grow from $13,561 million in 2014 to nearly $22,432 million by 2019 at a CAGR of 10.6%. North America, Middle East and Asia-Pacific are the three large markets in 2013 by value and are expected to continue to be in the next five years.

North American market is dominated by the data acquisition &monitoring services segment which captured more than 45% of total market in 2013. It is followed by Reservoir simulation & geo-modeling and Reservoir sampling services.

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The reservoir analysis market is driven by the increasing demand for energy globally. Need for maximizing recovery of hydrocarbons, continuous new field developments, and flexibility to adapt to reservoir uncertainty, from emerging economies are expected to be key drivers, globally, for this market.

The leading players in global reservoir analysis market include Schlumberger Limited (U.S.), Baker Hughes Inc. (U.S.), Halliburton (U.S.), Weatherford International ltd. (Ireland), SGS SA (Switzerland), CGG SA (France), Roxar software solutions AS (Norway), ALS Oil & Gas (Australia), Core Laboratories (U.S.) Expro Group (U.K.), Geokinetices (U.S.), Intertek (U.K.), Paradigm(U.S.), Tracerco (U.K.) and Trican Well Service Limited (Canada). The top four companies, Schlumberger Limited (U.S.), Halliburton (U.S.), Baker Hughes Inc. (U.S.) and Weatherford International ltd are the predominant players in the market holding more than 80% of the market in 2013.

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