Asia-Pacific Digital Oilfield Market 2012-2022: By Process (Drilling Optimization, Production Optimization, Reservoir Optimization) & Solution (Instrumentation & Automation Vs. IT Services) - Research and Markets
The Asia Pacific digital oilfield market is projected to cross $2.5 billion by 2022.
The region is home to developing countries such as China and India, whose energy demands are continuously surging. These two countries are the leading energy importers in this region. In order to reduce import dependence and improve energy security, both countries have started focusing on domestic oil & gas exploration.
Both the countries have huge coastlines and seas, which present enormous opportunities for offshore exploration and production. Demand for digital oilfield technologies in Asia-Pacific is expected to grow in coming years on account of rapid uptake of offshore field development activities is Australia and Vietnam, in partnership with India and China.
Objective of the Study:
To analyze and forecast the market size of Asia-Pacific digital oilfield, in terms of value.
To classify and forecast Asia-Pacific digital oilfield market on the basis of process, solution and regional distribution.
To identify drivers, challenges and opportunities available in the market for digital oilfield in Asia-Pacific.
To strategically profile the leading solution providers, distributors and importers in the market.
Growing Investments in Offshore Exploration & Production
Increasing Partnerships and Joint Ventures
Growing Consolidation in Digital Oilfield Industry
Rising Production from Offshore Fields
Revenue Generation through Aftermarket Services
Rising Investments in Research & Development
Downturn in Oil & Gas Industry
Implementation of Stringent Regulations for Offshore E&P Activities