Oilfield Integrity Management Market by Management Type (Planning, Predictive Maintenance & Inspection, Corrosion Management, Data Management, and Monitoring System), Component (Hardware, Software, Services), Application, & Region – Global Forecast to 2025

2020-08-07
Price :
Published : Aug-2020
No. of Pages : 246

“The global oilfield integrity management market size is projected to grow at a CAGR of 8.1%, from 2020 to 2025.”

The global oilfield integrity management market size is projected to grow from an estimated USD 12.8 billion in 2020 to USD 18.8  billion by 2025, at a CAGR of 8.1% from 2020 to 2025. The growth of this market is driven by the increasing focus of oilfield operators to enhance their productivity by reducing downtime required in maintenance activities. Also, the oil and gas discoveries across the globe are likely to fuel market growth. North America accounted for the largest market share in 2019. The growth of the North American oilfield integrity management market is driven by rise in shale gas & tight oil production, favorable regulations related to the licensing of exploration & production activities, and an increase in oilfield discoveries in Gulf of Mexico.

The onshore segment is expected to hold the largest share of the oilfield integrity management  market, by application, during the forecast period.

Onshore wells are widely drilled across the world, with more oil & gas production potential from regions such as the Middle East, North America, Africa, and Asia Pacific. The demand for oilfield integrity management is high in the onshore application segment as new well drilling activities are rising in onshore locations at a faster pace than in the offshore fields. In addition, the cost incurred in onshore oilfield activities is less compared to the offshore application.

“Middle East & Africa: The fastest market for oilfield integrity management.”

The Middle East & Africa is the fastest-growing market for oilfield integrity management, followed by North America and Europe.  According to Baker Hughes’ rig count report, the total onshore rig count experienced a 1% Y-o-Y decline from 2017 to 2018. Additionally, the rig to well ratio is very low in the region. This shows that there are very few new drilled wells in the region, and the production activities are highly concentrated in the mature fields. Hence, enhancement of production and any developments on these mature fields/wells are expected to drive the oilfield integrity management market during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 25%, Tier 2- 40%, Tier 3- 35%
  • By Designation: C-Level- 18%, D-Level- 35%, Others- 47%
  • By Region: North America- 15%, Europe- 18%, Asia Pacific- 25%, Middle East- 23%, Africa- 8%, , and South America- 11%

Note: The tier of the companies has been defined based on their total revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion.

The key players in the oilfield integrity management market include companies such as Schlumberger (US), Halliburton (US), Baker Hughes Company (US), Siemens (Germany), Emerson (US), IBM (US), and Oracle (US).

Study Coverage:

The report provides a complete view of the oilfield integrity management market across the oil & gas industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as application, component, management type, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

The market has been segmented based on application, component, management type, and region, with a focus on industry analysis (industry trends). The market ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the oilfield integrity management market.

Key Benefits of Buying the Report

  • The report identifies and addresses  the key management types that are essential for the efficient operation of  oilfields
  • The report helps solution providers understand the pulse of the market and provide insights into drivers, opportunities, restraints, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Filed in: Energy & Power
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Renewable Drones Market by Drone Type (Multirotor and Fixed Wing), Solution (End-to-End Solution and Point Solution), End user (Solar (Photovoltaics and Concentrated Solar Power) and Wind), and Region – Global Forecast to 2025

“The renewable drones market is projected to grow at a CAGR of 27.1% from 2020 to 2025.” The renewable drones market is projected to reach USD 148 million by 2025 from an estimated USD 45 million in 2020, at a CAGR of 27.1% during the forecast period. Increasing adoption of drones for reducing cost of inspection operation, focus on asset optimization and growing construction of solar and wind farm are expected to be the key factors driving the renewable drones market. However, legal regulations for drone operations and scarcity of skilled personnel is likely to hamper the growth of the renewable drones market. “The solar, by end user, is expected to be  the fastest-growing market from 2020 to 2025.” The solar segment is categorized as solar PV and solar CSP.To meet the gr......
$5650

Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High, Medium), Component (Hardware, Software & Services), Monitoring (Temperature, PD, Gas, Others), End User (Utilities, Industries, Commercial), & Region – Global Forecast to 2025

“The global switchgear monitoring system market size is projected to grow at a CAGR of 9.7%, from 2020 to 2025.” The global switchgear monitoring system market size is projected to grow from an estimated USD 1.3 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 9.7% from 2020 to 2025. The growth of this market is driven by the increasing focus toward maximizing reliability of electrical assets through early detection of failure and renewable energy integration. Furthermore, the growth of switchgear monitoring system is fueled by rise in investments in T&D networks for upgrading the aging infrastructure. “The GIS segment is expected to hold the largest share of the switchgear monitoring system market, by type, during the forecast period.” Gas-insulated switchgear......
$4950

Commercial Water Heaters Market by Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), Liter(Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & more), Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & more),and Region – Global Forecast to 2026

“The global commercial water heaters market size is projected to grow at a CAGR of 6.1%, from 2020 to 2026.” The global commercial water heaters market size is projected to reach USD 7.7 billion by 2026 from an estimated value of USD 5.4 billion in 2020, at a CAGR of 6.1%. Factors driving the growth of the commercial water heaters market include increasing investments for the development and expansion of commercial sector operations across different regions. In addition, supportive regulations and grants for using renewable sources of energy in different applications are also expected to play a key role in the growth of this market during the forecast period. “The electric segment is expected to hold the largest share of the commercial water heaters market, by technology, durin......
$5650

Power Sector Mergers and Acquisitions and Investment Trends Monthly Deal Analysis – July 2020

Power Sector Mergers and Acquisitions and Investment Trends Monthly Deal Analysis - July 2020 Summary GlobalData's "Power Sector Mergers and Acquisitions and Investment Trends Monthly Deal Analysis - July 2020" report is an essential source of data and trend analysis on the mergers and acquisitions (M&As) and financings in the power industry. The report provides detailed information on M&As, equity/debt offerings, private equity, venture financing and partnership transactions registered in the power industry in July 2020. The report portrays detailed comparative data on the number of deals and their value in the last six months, subdivided by deal types, segments and geographies. Additionally, the report provides information on the top financial advisory firms in the power industry. Dat......
$1000

Global Planned LNG Industry Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Planned Terminals

Global Planned LNG Industry Outlook to 2024 - Capacity and Capital Expenditure Outlook with Details of All Planned Terminals Summary Globally, 90 new-build (planned and announced) liquefaction and regasification terminals are expected to start operations between 2020 and 2024. Of these, 25 are liquefaction terminals and 65 are regasification terminals. While most of the liquefaction terminals are planned in North America, the majority of regasification terminals are planned in Asia. By 2024, the Plaquemines liquefaction terminal (20.0 mtpa) in the US leads among the planned and announced LNG liquefaction terminals globally in terms of capacity, while Al-Zour (1,155.4 bcf) in Kuwait leads among the regasification terminals. Scope - Updated information on all planned and announced LNG te......
$5000

Indonesia Power Market Outlook to 2030, Update 2020 – Market Trends, Regulations and Competitive Landscape

Indonesia Power Market Outlook to 2030, Update 2020 - Market Trends, Regulations and Competitive Landscape Summary This report elaborates the power market structure of Indonesia and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the country's power market regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain are provided. The report also gives a snapshot of the power sector in of the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country's power sector is also in......
$2500

Mining Industry Quarterly Review, Q2 2020 – Tracking Commodity Prices, Production and Projects

Mining Industry Quarterly Review, Q2 2020 - Tracking Commodity Prices, Production and Projects Summary GlobalData's "Mining Industry Quarterly Review, Q2 2020 - Tracking Commodity Prices, Production and Projects" report provides a quarterly mining industry update, assessing the latest commodity trends by tracking commodity prices and global and company production for coal, iron ore, gold and copper. Analysis is provided on project momentum, based on projects that commenced operations and advanced in Q2 2020. In addition, the report also provides detailed analysis of development projects in the mining industry, segregated by country, commodity, and company and 2020 development capital expenditure for leading miners. The report also analyses impact of coronavirus on the global mining indus......
$995

Indonesia Renewable Energy Policy Handbook 2020

Indonesia Renewable Energy Policy Handbook 2020 Summary Indonesia Renewable Energy Policy Handbook 2020" is among the latest country specific policy report from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country. The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary resea......
$500

Brazil Renewable Energy Policy Handbook 2020

Brazil Renewable Energy Policy Handbook 2020 Summary Brazil Renewable Energy Policy Handbook 2020" is among the latest country specific policy report from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country. The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary research so......
$500

Power Transmission and Distribution Conductors, 2020 – Global Market Size, Competitive Landscape and Key Country Analysis to 2024

Power Transmission and Distribution Conductors, 2020 - Global Market Size, Competitive Landscape and Key Country Analysis to 2024 Summary GlobalData's latest report "Power Transmission and Distribution Conductors, 2020 - Global Market Size, Competitive Landscape and Key Country Analysis to 2024" offers comprehensive information and understanding of the global transmission and distribution conductors market. The report offers in-depth market analysis at the global and key country (the US, Canada, Brazil, the UK, Germany, South Africa, Russia, China, India, and Japan) levels. The report analyses the power transmission and distribution conductors market for the historical (2015-2019) and forecast (2020-2024) periods. The report includes market drivers and restraints, country-transmission a......
$3995
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy