Enhanced Oil Recovery (EOR)

Enhanced Oil Recovery (EOR)

Global Enhanced Oil Recovery (EOR) Market to Reach $850.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Enhanced Oil Recovery (EOR) estimated at US$192 Billion in the year 2020, is projected to reach a revised size of US$850.4 Billion by 2027, growing at a CAGR of 23.7% over the analysis period 2020-2027. Thermal EOR, one of the segments analyzed in the report, is projected to record a 17.7% CAGR and reach US$307.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gas Injection EOR segment is readjusted to a revised 31.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $57.2 Billion, While China is Forecast to Grow at 23.4% CAGR

The Enhanced Oil Recovery (EOR) market in the U.S. is estimated at US$57.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$150.5 Billion by the year 2027 trailing a CAGR of 23.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.4% and 20.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17% CAGR.

Chemical EOR Segment to Record 23.9% CAGR

In the global Chemical EOR segment, USA, Canada, Japan, China and Europe will drive the 23.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$31.1 Billion in the year 2020 will reach a projected size of US$138.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$103 Billion by the year 2027.We bring years of research experience to this 8th edition of our report. The 141-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Anadarko Petroleum Corporation
  • Babcock & Wilcox Enterprises, Inc.
  • Babcock Power Inc.
  • BP PLC
  • Cenovus Energy, Inc.
  • Chevron Corporation
  • Clayton Industries
  • ConocoPhillips Company
  • EN-Fab Inc.
  • Exxon Mobil Corporation
  • Hamon Deltak, Inc.
  • Lukoil Oil Company
  • Nooter/Eriksen, Inc.
  • Petronas Chemicals Group Berhad
  • Premier Energy Inc.
  • Royal Dutch Shell PLC
  • Statoil ASA


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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Enhanced Oil Recovery (EOR) Competitor Market Share Scenario Worldwide (in %):
2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Enhanced Oil Recovery (EOR) Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Enhanced Oil Recovery (EOR) Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Enhanced Oil Recovery (EOR) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Thermal EOR (Technology) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Thermal EOR (Technology) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Thermal EOR (Technology) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Gas Injection EOR (Technology) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Gas Injection EOR (Technology) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Gas Injection EOR (Technology) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Chemical EOR (Technology) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Chemical EOR (Technology) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Chemical EOR (Technology) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Enhanced Oil Recovery (EOR) Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 13: Enhanced Oil Recovery (EOR) Market in US$ Million in the United States by Technology: 2020-2027
TABLE 14: United States Enhanced Oil Recovery (EOR) Market Retrospective Analysis in US$ Million by Technology: 2012-2019
TABLE 15: United States Enhanced Oil Recovery (EOR) Market Share Breakdown by Technology: 2012 VS 2020 VS 2027
CANADA
TABLE 16: Enhanced Oil Recovery (EOR) Market Analysis in Canada in US$ Million by Technology: 2020-2027
TABLE 17: Enhanced Oil Recovery (EOR) Market in Canada: Historic Review in US$ Million by Technology for the Period 2012-2019
TABLE 18: Canadian Enhanced Oil Recovery (EOR) Market Share Breakdown by Technology: 2012 VS 2020 VS 2027
JAPAN
TABLE 19: Japanese Medium & Long-Term Outlook for Enhanced Oil Recovery (EOR) Market in US$ Million by Technology: 2020-2027
TABLE 20: Enhanced Oil Recovery (EOR) Market in Japan in US$ Million by Technology: 2012-2019
TABLE 21: Japanese Enhanced Oil Recovery (EOR) Market Percentage Share Distribution by Technology: 2012 VS 2020 VS 2027
CHINA
TABLE 22: Enhanced Oil Recovery (EOR) Market Estimates and Forecasts in China in US$ Million by Technology: 2020-2027
TABLE 23: Chinese Enhanced Oil Recovery (EOR) Retrospective Market Scenario in US$ Million by Technology: 2012-2019
TABLE 24: Enhanced Oil Recovery (EOR) Market in China: Percentage Share Analysis by Technology for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Enhanced Oil Recovery (EOR) Market: Competitor Market Share Scenario (in %)
for 2019 & 2025
Market Analytics
TABLE 25: European Enhanced Oil Recovery (EOR) Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 26: Enhanced Oil Recovery (EOR) Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 27: European Enhanced Oil Recovery (EOR) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: European Enhanced Oil Recovery (EOR) Market Assessment in US$ Million by Technology: 2020-2027
TABLE 29: European Enhanced Oil Recovery (EOR) Historic Market Review in US$ Million by Technology: 2012-2019
TABLE 30: Enhanced Oil Recovery (EOR) Market in Europe: Percentage Breakdown of Sales by Technology for 2012, 2020, and 2027
FRANCE
TABLE 31: French Enhanced Oil Recovery (EOR) Market Estimates and Projections in US$ Million by Technology: 2020-2027
TABLE 32: French Enhanced Oil Recovery (EOR) Historic Market Analysis in US$ Million by Technology: 2012-2019
TABLE 33: French Enhanced Oil Recovery (EOR) Market Share Breakdown by Technology: 2012 VS 2020 VS 2027
GERMANY
TABLE 34: German Enhanced Oil Recovery (EOR) Latent Demand Forecasts in US$ Million by Technology: 2020-2027
TABLE 35: Enhanced Oil Recovery (EOR) Market in Germany: A Historic Perspective by Technology in US$ Million for the Period 2012-2019
TABLE 36: German Enhanced Oil Recovery (EOR) Market Share Breakdown by Technology: 2012 VS 2020 VS 2027
ITALY
TABLE 37: Enhanced Oil Recovery (EOR) Market Estimates and Forecasts in Italy in US$ Million by Technology: 2020-2027
TABLE 38: Italian Enhanced Oil Recovery (EOR) Retrospective Market Scenario in US$ Million by Technology: 2012-2019
TABLE 39: Enhanced Oil Recovery (EOR) Market in Italy: Percentage Share Analysis by Technology for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 40: United Kingdom Medium & Long-Term Outlook for Enhanced Oil Recovery (EOR) Market in US$ Million by Technology: 2020-2027
TABLE 41: Enhanced Oil Recovery (EOR) Market in the United Kingdom in US$ Million by Technology: 2012-2019
TABLE 42: United Kingdom Enhanced Oil Recovery (EOR) Market Percentage Share Distribution by Technology: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 43: Rest of Europe Enhanced Oil Recovery (EOR) Market Assessment in US$ Million by Technology: 2020-2027
TABLE 44: Rest of Europe Enhanced Oil Recovery (EOR) Historic Market Review in US$ Million by Technology: 2012-2019
TABLE 45: Enhanced Oil Recovery (EOR) Market in Rest of Europe: Percentage Breakdown of Sales by Technology for 2012, 2020, and 2027
ASIA-PACIFIC
TABLE 46: Asia-Pacific Enhanced Oil Recovery (EOR) Market Estimates and Projections in US$ Million by Technology: 2020-2027
TABLE 47: Asia-Pacific Enhanced Oil Recovery (EOR) Historic Market Analysis in US$ Million by Technology: 2012-2019
TABLE 48: Asia-Pacific Enhanced Oil Recovery (EOR) Historic Market Analysis in US$ Million by Technology: 2012 VS 2020 VS 2027
REST OF WORLD
TABLE 49: Enhanced Oil Recovery (EOR) Market Analysis in Rest of World in US$ Million by Technology: 2020-2027
TABLE 50: Enhanced Oil Recovery (EOR) Market in Rest of World: Historic Review in US$ Million by Technology for the Period 2012-2019
TABLE 51: Rest of World Enhanced Oil Recovery (EOR) Market Share Breakdown by Technology: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 54

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