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Microbial Enhanced Oil Recovery (MEOR)-Global Market Insights and Sales Trends 2024
Synopsis
Microbial Enhanced Oil Recovery (MEOR) is a biological based technology consisting in manipulating function or structure, or both, of microbial environments existing in oil reservoirs. The ultimate aim of MEOR is to improve the recovery of oil entrapped in porous media while increasing economic profits. MEOR is a tertiary oil extraction technology allowing the partial recovery of the commonly residual two-thirds of oil, thus increasing the life of mature oil reservoirs.
The global Microbial Enhanced Oil Recovery (MEOR) market size is expected to reach US$ 1109.2 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of Microbial Enhanced Oil Recovery (MEOR) in various end use industries. The expanding demands from the Onshore Oilfield and Offshore Oilfield, are propelling Microbial Enhanced Oil Recovery (MEOR) market. Ground Method, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Reservoir Method segment is estimated at % CAGR for the next seven-year period.
Global Microbial Enhanced Oil Recovery key players include StatOil, Titan oil recovery, Royal Dutch Shell, BP, ConocoPhillips, etc. Global top five players hold a share about 70%.
North America is the largest market, with a share about 30%, followed by Europe and Asia-Pacific, having a total share about 40 percent.
In terms of product, Reservoir Method is the largest segment, with a share about 70%. And in terms of application, the largest application is Onshore Oilfield, followed by Offshore Oilfield.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Microbial Enhanced Oil Recovery (MEOR), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Microbial Enhanced Oil Recovery (MEOR) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Microbial Enhanced Oil Recovery (MEOR) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Microbial Enhanced Oil Recovery (MEOR) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Microbial Enhanced Oil Recovery (MEOR) covered in this report include Equinor, Royal Dutch Shell plc., BP p.l.c, ConocoPhillips, DowDuPont, Titan oil recovery Inc., Glori Energy Inc., Gulf energy LLC and Genome Prairie, etc.
The global Microbial Enhanced Oil Recovery (MEOR) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Equinor
Royal Dutch Shell plc.
BP p.l.c
ConocoPhillips
DowDuPont
Titan oil recovery Inc.
Glori Energy Inc.
Gulf energy LLC
Genome Prairie
Chemiphase
Global Microbial Enhanced Oil Recovery (MEOR) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Microbial Enhanced Oil Recovery (MEOR) market, Segment by Type:
Ground Method
Reservoir Method
Global Microbial Enhanced Oil Recovery (MEOR) market, by Application
Onshore Oilfield
Offshore Oilfield
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Microbial Enhanced Oil Recovery (MEOR) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Microbial Enhanced Oil Recovery (MEOR) is a biological based technology consisting in manipulating function or structure, or both, of microbial environments existing in oil reservoirs. The ultimate aim of MEOR is to improve the recovery of oil entrapped in porous media while increasing economic profits. MEOR is a tertiary oil extraction technology allowing the partial recovery of the commonly residual two-thirds of oil, thus increasing the life of mature oil reservoirs.
The global Microbial Enhanced Oil Recovery (MEOR) market size is expected to reach US$ 1109.2 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of Microbial Enhanced Oil Recovery (MEOR) in various end use industries. The expanding demands from the Onshore Oilfield and Offshore Oilfield, are propelling Microbial Enhanced Oil Recovery (MEOR) market. Ground Method, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Reservoir Method segment is estimated at % CAGR for the next seven-year period.
Global Microbial Enhanced Oil Recovery key players include StatOil, Titan oil recovery, Royal Dutch Shell, BP, ConocoPhillips, etc. Global top five players hold a share about 70%.
North America is the largest market, with a share about 30%, followed by Europe and Asia-Pacific, having a total share about 40 percent.
In terms of product, Reservoir Method is the largest segment, with a share about 70%. And in terms of application, the largest application is Onshore Oilfield, followed by Offshore Oilfield.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Microbial Enhanced Oil Recovery (MEOR), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Microbial Enhanced Oil Recovery (MEOR) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Microbial Enhanced Oil Recovery (MEOR) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Microbial Enhanced Oil Recovery (MEOR) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Microbial Enhanced Oil Recovery (MEOR) covered in this report include Equinor, Royal Dutch Shell plc., BP p.l.c, ConocoPhillips, DowDuPont, Titan oil recovery Inc., Glori Energy Inc., Gulf energy LLC and Genome Prairie, etc.
The global Microbial Enhanced Oil Recovery (MEOR) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Equinor
Royal Dutch Shell plc.
BP p.l.c
ConocoPhillips
DowDuPont
Titan oil recovery Inc.
Glori Energy Inc.
Gulf energy LLC
Genome Prairie
Chemiphase
Global Microbial Enhanced Oil Recovery (MEOR) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Microbial Enhanced Oil Recovery (MEOR) market, Segment by Type:
Ground Method
Reservoir Method
Global Microbial Enhanced Oil Recovery (MEOR) market, by Application
Onshore Oilfield
Offshore Oilfield
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Microbial Enhanced Oil Recovery (MEOR) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Microbial Enhanced Oil Recovery (MEOR)
1.1 Microbial Enhanced Oil Recovery (MEOR) Market Overview
1.1.1 Microbial Enhanced Oil Recovery (MEOR) Product Scope
1.1.2 Microbial Enhanced Oil Recovery (MEOR) Market Status and Outlook
1.2 Global Microbial Enhanced Oil Recovery (MEOR) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Microbial Enhanced Oil Recovery (MEOR) Market Size by Region (2018-2029)
1.4 Global Microbial Enhanced Oil Recovery (MEOR) Historic Market Size by Region (2018-2023)
1.5 Global Microbial Enhanced Oil Recovery (MEOR) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Microbial Enhanced Oil Recovery (MEOR) Market Size (2018-2029)
1.6.1 North America Microbial Enhanced Oil Recovery (MEOR) Market Size (2018-2029)
1.6.2 Europe Microbial Enhanced Oil Recovery (MEOR) Market Size (2018-2029)
1.6.3 Asia-Pacific Microbial Enhanced Oil Recovery (MEOR) Market Size (2018-2029)
1.6.4 Latin America Microbial Enhanced Oil Recovery (MEOR) Market Size (2018-2029)
1.6.5 Middle East & Africa Microbial Enhanced Oil Recovery (MEOR) Market Size (2018-2029)
2 Microbial Enhanced Oil Recovery (MEOR) Market by Type
2.1 Introduction
2.1.1 Ground Method
2.1.2 Reservoir Method
2.2 Global Microbial Enhanced Oil Recovery (MEOR) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Microbial Enhanced Oil Recovery (MEOR) Historic Market Size by Type (2018-2023)
2.2.2 Global Microbial Enhanced Oil Recovery (MEOR) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Type (2018-2029)
3 Microbial Enhanced Oil Recovery (MEOR) Market Overview by Application
3.1 Introduction
3.1.1 Onshore Oilfield
3.1.2 Offshore Oilfield
3.2 Global Microbial Enhanced Oil Recovery (MEOR) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Microbial Enhanced Oil Recovery (MEOR) Historic Market Size by Application (2018-2023)
3.2.2 Global Microbial Enhanced Oil Recovery (MEOR) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Microbial Enhanced Oil Recovery (MEOR) Revenue Breakdown by Application (2018-2029)
4 Microbial Enhanced Oil Recovery (MEOR) Competition Analysis by Players
4.1 Global Microbial Enhanced Oil Recovery (MEOR) Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Microbial Enhanced Oil Recovery (MEOR) as of 2022)
4.3 Date of Key Players Enter into Microbial Enhanced Oil Recovery (MEOR) Market
4.4 Global Top Players Microbial Enhanced Oil Recovery (MEOR) Headquarters and Area Served
4.5 Key Players Microbial Enhanced Oil Recovery (MEOR) Product Solution and Service
4.6 Competitive Status
4.6.1 Microbial Enhanced Oil Recovery (MEOR) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Equinor
5.1.1 Equinor Profile
5.1.2 Equinor Main Business
5.1.3 Equinor Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.1.4 Equinor Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.1.5 Equinor Recent Developments
5.2 Royal Dutch Shell plc.
5.2.1 Royal Dutch Shell plc. Profile
5.2.2 Royal Dutch Shell plc. Main Business
5.2.3 Royal Dutch Shell plc. Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.2.4 Royal Dutch Shell plc. Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.2.5 Royal Dutch Shell plc. Recent Developments
5.3 BP p.l.c
5.3.1 BP p.l.c Profile
5.3.2 BP p.l.c Main Business
5.3.3 BP p.l.c Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.3.4 BP p.l.c Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.3.5 ConocoPhillips Recent Developments
5.4 ConocoPhillips
5.4.1 ConocoPhillips Profile
5.4.2 ConocoPhillips Main Business
5.4.3 ConocoPhillips Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.4.4 ConocoPhillips Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.4.5 ConocoPhillips Recent Developments
5.5 DowDuPont
5.5.1 DowDuPont Profile
5.5.2 DowDuPont Main Business
5.5.3 DowDuPont Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.5.4 DowDuPont Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.5.5 DowDuPont Recent Developments
5.6 Titan oil recovery Inc.
5.6.1 Titan oil recovery Inc. Profile
5.6.2 Titan oil recovery Inc. Main Business
5.6.3 Titan oil recovery Inc. Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.6.4 Titan oil recovery Inc. Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.6.5 Titan oil recovery Inc. Recent Developments
5.7 Glori Energy Inc.
5.7.1 Glori Energy Inc. Profile
5.7.2 Glori Energy Inc. Main Business
5.7.3 Glori Energy Inc. Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.7.4 Glori Energy Inc. Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.7.5 Glori Energy Inc. Recent Developments
5.8 Gulf energy LLC
5.8.1 Gulf energy LLC Profile
5.8.2 Gulf energy LLC Main Business
5.8.3 Gulf energy LLC Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.8.4 Gulf energy LLC Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.8.5 Gulf energy LLC Recent Developments
5.9 Genome Prairie
5.9.1 Genome Prairie Profile
5.9.2 Genome Prairie Main Business
5.9.3 Genome Prairie Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.9.4 Genome Prairie Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.9.5 Genome Prairie Recent Developments
5.10 Chemiphase
5.10.1 Chemiphase Profile
5.10.2 Chemiphase Main Business
5.10.3 Chemiphase Microbial Enhanced Oil Recovery (MEOR) Products, Services and Solutions
5.10.4 Chemiphase Microbial Enhanced Oil Recovery (MEOR) Revenue (US$ Million) & (2018-2023)
5.10.5 Chemiphase Recent Developments
6 North America
6.1 North America Microbial Enhanced Oil Recovery (MEOR) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Microbial Enhanced Oil Recovery (MEOR) Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Microbial Enhanced Oil Recovery (MEOR) Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Microbial Enhanced Oil Recovery (MEOR) Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Microbial Enhanced Oil Recovery (MEOR) Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Microbial Enhanced Oil Recovery (MEOR) Market Dynamics
11.1 Microbial Enhanced Oil Recovery (MEOR) Industry Trends
11.2 Microbial Enhanced Oil Recovery (MEOR) Market Drivers
11.3 Microbial Enhanced Oil Recovery (MEOR) Market Challenges
11.4 Microbial Enhanced Oil Recovery (MEOR) Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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