Reservoir Analysis Market Research report provides information regarding market size, share, growth, and revenue and forecast 2026.
The global reservoir analysis market size is projected to reach USD 11.96 billion by the end of 2026. The increasing oil and gas exploration activities will have a direct impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Reservoir Analysis MarketSize, Share and Industry Analysis, By Service (Geo-modelling and Reservoir Simulation, Data Acquisition and Monitoring, and Reservoir Sampling), By Application (Onshore and Offshore), and Regional Forecast, 2019-2026,” the market
The global reservoir analysis market was worth USD 8.18 billion in 2018 and will exhibit a CAGR of 4.9% during the forecast period, 2019-2026.
Reservoir analysis is a concept that involves the study and examination of the performance and nature of a reservoir. It is mainly done to improve the yield and output of the reservoir during exploration activities. The concept saves a significant amount of time and cost involved with oil and gas drilling activities, as a result of which it is being widely used across the world. The increasing technological interventions in reservoir analysis systems have yielded products with the highest efficiency and precision. The constantly rising population has created a subsequent demand for oil and gas resources across the world. Technological advances have certainly played a major role in the growth of the market and this can be clearly depicted by the growing use of modern devices by major companies across the world.
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Some of the companies that are operating in the market include:
Increasing Number of Product Launches Will Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches has made a huge impact on the growth of the market. In November 2017, Schlumberger announced the launch of and advanced digital integration reservoir analysis system. The product will analyse the rock and fluid data and enable ease of drilling and energy harnessing activities. Schlumberger’s latest product will not just help the company grow, but will have a huge impact on the growth of the market in the foreseeable future.
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Major Table of Contents :
1. Introduction2. Executive Summary3. Market Dynamics4. Key Portable Generator Market Insights5. Global Market Analysis, Insights and Forecast, 2015-20266. North America Market Analysis, Insights and Forecast, 2015-20267. Europe Market Analysis, Insights and Forecast, 2015-20268. Asia Pacific Market Analysis, Insights and Forecast, 2015-20269. The Middle East and Africa Market Analysis, Insights and Forecast, 2015-202610. Latin America Market Analysis, Insights and Forecast, 2015-202611. Competitive Landscape12. Global Portable Generator Market Revenue Share Analysis, By Key Players, 202013. Company Profiles14. Conclusion
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To view the original version on The Express Wire visit Reservoir Analysis Market 2020 : Industry Outlook, Top Countries Data, Market Size, Driving Factors by Manufacturers, Growth and Forecast 2026