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Global Digital Oilfield Technology Market Research Report 2024
Synopsis
Digital oilfield technology is the integration of networking, communication, and automation with oilfield processes such as surveying, drilling, and production.
The global Digital Oilfield Technology market was valued at US$ 23950 million in 2023 and is anticipated to reach US$ 29570 million by 2030, witnessing a CAGR of 2.6% during the forecast period 2024-2030.
North American market for Digital Oilfield Technology is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Digital Oilfield Technology is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Digital Oilfield Technology in Instrumentation & Automation is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Digital Oilfield Technology include Schlumberge, Halliburton Company, GE(Baker Hughes), National Oilwell Varco, Weatherford International, Siemens, Honeywell International, Kongsberg Gruppen ASA and Emerson Electric, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Digital Oilfield Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Oilfield Technology.
Report Scope
The Digital Oilfield Technology market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Oilfield Technology market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Oilfield Technology companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Schlumberge
Halliburton Company
GE(Baker Hughes)
National Oilwell Varco
Weatherford International
Siemens
Honeywell International
Kongsberg Gruppen ASA
Emerson Electric
Petrolink International
Segment by Type
Product optimization
Reservoir optimization
Drilling optimization
Others
Segment by Application
Instrumentation & Automation
IT Expenditure
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Digital Oilfield Technology companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Digital oilfield technology is the integration of networking, communication, and automation with oilfield processes such as surveying, drilling, and production.
The global Digital Oilfield Technology market was valued at US$ 23950 million in 2023 and is anticipated to reach US$ 29570 million by 2030, witnessing a CAGR of 2.6% during the forecast period 2024-2030.
North American market for Digital Oilfield Technology is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Digital Oilfield Technology is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Digital Oilfield Technology in Instrumentation & Automation is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Digital Oilfield Technology include Schlumberge, Halliburton Company, GE(Baker Hughes), National Oilwell Varco, Weatherford International, Siemens, Honeywell International, Kongsberg Gruppen ASA and Emerson Electric, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Digital Oilfield Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Oilfield Technology.
Report Scope
The Digital Oilfield Technology market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Oilfield Technology market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Oilfield Technology companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Schlumberge
Halliburton Company
GE(Baker Hughes)
National Oilwell Varco
Weatherford International
Siemens
Honeywell International
Kongsberg Gruppen ASA
Emerson Electric
Petrolink International
Segment by Type
Product optimization
Reservoir optimization
Drilling optimization
Others
Segment by Application
Instrumentation & Automation
IT Expenditure
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Digital Oilfield Technology companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Digital Oilfield Technology Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Product optimization
1.2.3 Reservoir optimization
1.2.4 Drilling optimization
1.2.5 Others
1.3 Market by Application
1.3.1 Global Digital Oilfield Technology Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Instrumentation & Automation
1.3.3 IT Expenditure
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Digital Oilfield Technology Market Perspective (2019-2030)
2.2 Digital Oilfield Technology Growth Trends by Region
2.2.1 Global Digital Oilfield Technology Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Digital Oilfield Technology Historic Market Size by Region (2019-2024)
2.2.3 Digital Oilfield Technology Forecasted Market Size by Region (2025-2030)
2.3 Digital Oilfield Technology Market Dynamics
2.3.1 Digital Oilfield Technology Industry Trends
2.3.2 Digital Oilfield Technology Market Drivers
2.3.3 Digital Oilfield Technology Market Challenges
2.3.4 Digital Oilfield Technology Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Digital Oilfield Technology Players by Revenue
3.1.1 Global Top Digital Oilfield Technology Players by Revenue (2019-2024)
3.1.2 Global Digital Oilfield Technology Revenue Market Share by Players (2019-2024)
3.2 Global Digital Oilfield Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Digital Oilfield Technology Revenue
3.4 Global Digital Oilfield Technology Market Concentration Ratio
3.4.1 Global Digital Oilfield Technology Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Digital Oilfield Technology Revenue in 2023
3.5 Digital Oilfield Technology Key Players Head office and Area Served
3.6 Key Players Digital Oilfield Technology Product Solution and Service
3.7 Date of Enter into Digital Oilfield Technology Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Digital Oilfield Technology Breakdown Data by Type
4.1 Global Digital Oilfield Technology Historic Market Size by Type (2019-2024)
4.2 Global Digital Oilfield Technology Forecasted Market Size by Type (2025-2030)
5 Digital Oilfield Technology Breakdown Data by Application
5.1 Global Digital Oilfield Technology Historic Market Size by Application (2019-2024)
5.2 Global Digital Oilfield Technology Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Digital Oilfield Technology Market Size (2019-2030)
6.2 North America Digital Oilfield Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Digital Oilfield Technology Market Size by Country (2019-2024)
6.4 North America Digital Oilfield Technology Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Digital Oilfield Technology Market Size (2019-2030)
7.2 Europe Digital Oilfield Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Digital Oilfield Technology Market Size by Country (2019-2024)
7.4 Europe Digital Oilfield Technology Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Digital Oilfield Technology Market Size (2019-2030)
8.2 Asia-Pacific Digital Oilfield Technology Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Digital Oilfield Technology Market Size by Region (2019-2024)
8.4 Asia-Pacific Digital Oilfield Technology Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Digital Oilfield Technology Market Size (2019-2030)
9.2 Latin America Digital Oilfield Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Digital Oilfield Technology Market Size by Country (2019-2024)
9.4 Latin America Digital Oilfield Technology Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Digital Oilfield Technology Market Size (2019-2030)
10.2 Middle East & Africa Digital Oilfield Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Digital Oilfield Technology Market Size by Country (2019-2024)
10.4 Middle East & Africa Digital Oilfield Technology Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Schlumberge
11.1.1 Schlumberge Company Detail
11.1.2 Schlumberge Business Overview
11.1.3 Schlumberge Digital Oilfield Technology Introduction
11.1.4 Schlumberge Revenue in Digital Oilfield Technology Business (2019-2024)
11.1.5 Schlumberge Recent Development
11.2 Halliburton Company
11.2.1 Halliburton Company Company Detail
11.2.2 Halliburton Company Business Overview
11.2.3 Halliburton Company Digital Oilfield Technology Introduction
11.2.4 Halliburton Company Revenue in Digital Oilfield Technology Business (2019-2024)
11.2.5 Halliburton Company Recent Development
11.3 GE(Baker Hughes)
11.3.1 GE(Baker Hughes) Company Detail
11.3.2 GE(Baker Hughes) Business Overview
11.3.3 GE(Baker Hughes) Digital Oilfield Technology Introduction
11.3.4 GE(Baker Hughes) Revenue in Digital Oilfield Technology Business (2019-2024)
11.3.5 GE(Baker Hughes) Recent Development
11.4 National Oilwell Varco
11.4.1 National Oilwell Varco Company Detail
11.4.2 National Oilwell Varco Business Overview
11.4.3 National Oilwell Varco Digital Oilfield Technology Introduction
11.4.4 National Oilwell Varco Revenue in Digital Oilfield Technology Business (2019-2024)
11.4.5 National Oilwell Varco Recent Development
11.5 Weatherford International
11.5.1 Weatherford International Company Detail
11.5.2 Weatherford International Business Overview
11.5.3 Weatherford International Digital Oilfield Technology Introduction
11.5.4 Weatherford International Revenue in Digital Oilfield Technology Business (2019-2024)
11.5.5 Weatherford International Recent Development
11.6 Siemens
11.6.1 Siemens Company Detail
11.6.2 Siemens Business Overview
11.6.3 Siemens Digital Oilfield Technology Introduction
11.6.4 Siemens Revenue in Digital Oilfield Technology Business (2019-2024)
11.6.5 Siemens Recent Development
11.7 Honeywell International
11.7.1 Honeywell International Company Detail
11.7.2 Honeywell International Business Overview
11.7.3 Honeywell International Digital Oilfield Technology Introduction
11.7.4 Honeywell International Revenue in Digital Oilfield Technology Business (2019-2024)
11.7.5 Honeywell International Recent Development
11.8 Kongsberg Gruppen ASA
11.8.1 Kongsberg Gruppen ASA Company Detail
11.8.2 Kongsberg Gruppen ASA Business Overview
11.8.3 Kongsberg Gruppen ASA Digital Oilfield Technology Introduction
11.8.4 Kongsberg Gruppen ASA Revenue in Digital Oilfield Technology Business (2019-2024)
11.8.5 Kongsberg Gruppen ASA Recent Development
11.9 Emerson Electric
11.9.1 Emerson Electric Company Detail
11.9.2 Emerson Electric Business Overview
11.9.3 Emerson Electric Digital Oilfield Technology Introduction
11.9.4 Emerson Electric Revenue in Digital Oilfield Technology Business (2019-2024)
11.9.5 Emerson Electric Recent Development
11.10 Petrolink International
11.10.1 Petrolink International Company Detail
11.10.2 Petrolink International Business Overview
11.10.3 Petrolink International Digital Oilfield Technology Introduction
11.10.4 Petrolink International Revenue in Digital Oilfield Technology Business (2019-2024)
11.10.5 Petrolink International Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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