市場調查報告書
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1483109
全球數位油田市場2024-2031Global Digital Oilfield Market 2024-2031 |
數位油田市場規模、佔有率和趨勢分析報告,按流程(生產最佳化、鑽井最佳化、油藏最佳化、安全管理和資產管理)、依解決方案(硬體解決方案、軟體和服務解決方案、資料儲存解決方案)、依應用(陸上和海上)。預測期(2024-2031)。
預計在預測期內(2024-2031年),數位油田市場將以 13.3%的年複合成長率成長。數位油田市場的成長歸因於日益增加採用油田營運中的即時資料,數位協作以及全球物聯網的整合。透過將現代數位技術與創新工作流程相結合,數位油田可以避免計劃外設備和停井,同時提高產量並削減營運費用。
Digital Oilfield Market Size, Share & Trends Analysis Report by Process (Production Optimization, Drilling Optimization, Reservoir Optimization, Safety Management, and Asset Management).by Solution (Hardware Solutions, Software & Service Solutions, and Data Storage Solutions).and by Application (Onshore and Offshore).Forecast Period (2024-2031).
Digital oilfield market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031).The growth of the digital oilfield market is attributed to the increasing adoption of real-time data from oilfield operations, digital collaboration, and integration of IoT globally. By integrating modern digital technology with innovative workflows, the digital oilfield can avoid unplanned equipment and well shutdowns while increasing production and cutting operating expenses.
Market Dynamics
Data Analytics and AI
Traditional oilfields have transformed into digital oilfields owing to the rapid development of digital technologies including cloud computing, IoT, Big Data analytics, AI, and machine learning (ML). It is now simpler to integrate automation and AI-driven functionality into digital oilfields thanks to advancements in big data, artificial intelligence (AI), and the Internet of Things (IoT).By using data that has been intelligently filtered, the digital oilfield facilitates decision-making and aids in the efficient use of both human and machine resources. Furthermore, the technology optimizes hydrocarbon production, protects the environment, enhances overall safety, and minimizes resource waste. Using processes from wellbores, surface facilities, and reservoirs, as well as predictive analysis, the digital oilfields software portion replicates the functioning of an oil and gas field.
Growing Adoption of Remote Monitoring and Control
The increasing utilization of digital oilfields for remote monitoring, drilling, smart well sites, pipelines, and transportation operations enhancement. Oil companies effectively handle an increasing number of commercial and technical challenges to improve reservoirs, production, drilling operations, safety assurance, asset management, and maintenance. By capturing more data more frequently from every point of the oil and gas value chain and analyzing it almost instantly, digital technologies for remote monitoring and control of oil fields enable businesses to optimize the operation of their reservoirs, wells, and facilities. The extremely dependable data feeds, improved operating efficiency, asset visibility, safety, and environmental protection.
Market Segmentation
Our in-depth analysis of the global digital oilfield market includes the following segments by process, solution, and application.
Production Optimization is Projected to Emerge as the Largest Segment
Based on the process, the global digital oilfield market is sub-segmented into production optimization, drilling optimization, reservoir optimization, safety management, and asset management. Among these production optimization sub-segment is expected to hold the largest share of the market. The primary factors supporting the segment's growth include monitoring and analysis of real-time data from a variety of operations, such as exploration, drilling, reservoir management, and production. In digital oilfields, production optimization also helps to boost hydrocarbon recovery rates and prolong asset life. For instance, Corva LLC offers digital transformation for drilling with the release of hydraulic fracturing data analysis tools, enabling oil & gas producers to optimize frac performance, avoid hazards, and cut costs using big data and real-time monitoring.
Onshore Sub-segment to Hold a Considerable Market Share
Based on the application, the global digital oilfield market is sub-segmented into onshore and offshore. Among these, the onshore sub-segment is expected to hold a considerable share of the market. The increasing demand for digital oilfield onshore reservoir solution that provides vertical seismic profiling, hydraulic fracture profiling, and production flow monitoring from a single system. Onshore operations usually take place in situations that are more stable and predictable. Onshore locations are naturally stable, they provide a favorable climate that makes it easier to implement hardware and software solutions consistently. Consequently, this leads to a rise in the requirement for digital oilfield technologies inside onshore operations.
The global digital oilfield market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Increasing Digital Oilfield Adoption in Europe
Global Digital Oilfield Market Growth by Region 2024-2031
Source: OMR Analysis
North America Holds Major Market Share
Among all the regions, North America holds a significant share owing to numerous prominent companies and digital oilfield providers such as Halliburton, Schlumberger, and Rockwell Automation Inc. The growth is attributed to the increasing integration of emerging technologies like cloud services, automation, IoT, and analytics across business functions driving the growth of digital oilfields in the region. Many energy companies develop technology groups to evaluate, trial, manage, and deploy digital technology solutions. Following a flurry of digital deployments, companies realized they had too many applications. According to the Energy Workforce & Technology Council, in August 2023, the pace of technology adoption is also stymied by widely utilized incumbent solutions built on aging technology infrastructure. Operating workflows and processes use decades-old tools that do not easily interface with modern, cloud-based digital solutions.
Note: Major Players Sorted in No Particular Order.
The major companies serving the global digital oilfield market include Baker Hughes Company, General Electric Company, Microsoft Corp., SAP SE, and Siemens AG, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in October 2021,ABB Ltd. and Enovate Upstream collaborated to offer an onshore digital oilfield solution. Oilfield solutions provide real-time analysis to increase production and financial performance. Collaboration meets customer demand for enhanced digital automation.
Recent Development