Digital Oilfield Solutions Market Competitive Research And Precise Outlook 2023 To 2030

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Digital Oilfield Solutions Market
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Services O?ered

• Market Intelligence Market Opportunity
  Assessment
• Market Size Segmentation
• Market Entry Strategy
• Competitor Benchmarking
• Pricing Intelligence
• Customer Intelligence
• Sourcing Intelligence
• New-Generation Products Technologies
• Distribution Sales Channel Assessment

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Clientele
Some of the global leading clients that we have
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Some of the global leading clients that we have
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Market Overview
Sales in this market are anticipated to be driven
by rising RoI in the oil and gas industry and the
rising requirement to maximize the production
capacity of mature oil wells. The market is
expected to grow because of the critical
requirement to reduce capital and operating
expenses via the implementation of smart systems
and digitalized solutions.The overall efficiency
and administration of oil and gas platforms stand
to benefit from the ongoing development of data
collecting, mobility, and analytics platforms.
Reduced oil and gas output from older wells,
combined with a quick international transition
toward more robust economic well recovery
procedures, will have a favorable effect on the
market.Sales volume (K units) and revenue
(million USD) are provided for the Digital
Oilfield Solutions market, with historical and
forecast data from 2017 to 2030, with 2022 as the
base year. This study breaks down the worldwide
market for Digital Oilfield Solutions into its
component parts. We also provide regional product
market sizes broken down by category, use case,
and industry player. Our analysis of the market
size included the effects of both COVID-19 and
the conflict between Russia and Ukraine.

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By Region
The US market will be boosted over the assessment
period by the ongoing modernization of
preexisting technological solutions for managing
and optimizing oil and gas operations. About
24.3 of the global market for digital oilfield
solutions is predicted to come from North America
by 2022.Aside from that, rising home-grown output
and new oil fields are likely to alter the
economic landscape in the USA. The demand for
digital oil field solutions in the country will
increase as more and more enterprises integrate
machine learning and AI technologies to upgrade
multiple offshore oil and gas installations.Energy
consumption is expected to be a major factor in
the sector's growth as a result of the paradigm
shift towards technologically improved solutions.
One of the leading oilfield service providers,
Baker Hughes, reported in January 2020 that there
were an average of 804 rigs operating in the
United States in December 2019. This number is
projected to grow rapidly in the next years,
providing a boost to the industry.Over the
projected period, growth possibilities in the UK
are anticipated to arise due to a surge in new
field development and exploration operations. By
2022, Western Europe is projected to have a 22.9
share of the global market for digital oil field
solutions.Crude oil from the UK Continental Shelf
(UKCS) supplied UK refineries with 8.6 million
tonnes in 2020, meeting 18 of refinery demand,
as reported by the UK government. As a result,
increased crude oil output in the country is
likely to fuel future demand for digital oilfield
solutions.The Chinese industry is expected to
grow thanks
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The Global Digital Oilfield Solutions Market has
been segmented into

• By Type
• Hardware
• Software
• Services

• Domain
• Automation solutions
• Instrumentation

• By Application
• Upstream
• Midstream
• Downstream

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The Global Digital Oilfield Solutions Market has
been segmented into

• By Region
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• By Region
• North America
• US
• Canada
• Mexico
• Rest of North America
• The Middle East Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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Key Market Updates

• In November 2021, OspreyData, a leading US-based
  oil and natural gas company, introduced the
  latest OspreyData Vision platform available on
  any mobile device. It allows rental operators,
  artificial lift technicians and production
  engineers to sit in a 'virtual control center' to
  access critical operational information and
  troubleshoot from virtually anywhere.
• In July 2021, British multinational oil and gas
  company Norske Shell announced that it would use
  Kognitwin Energy, a new digital twin solution
  from Kongsberg Digital. The company aims to
  develop a virtual representation of the Ormen
  Lange deepwater gas field. This will help the
  company integrate Ormen Lange into the existing
  onshore digital twin being developed at the
  Nyhamna gas processing facility.

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Market Players

• ABB,
• Emerson Electric Co.,
• Rockwell Automation, Inc.,
• General Electric,
• Siemens AG,
• Schneider Electric,
• Eaton,
• Honeywell International, Inc.

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