With crude oil & gas being a valued global commodity, the related exploration, refining, internal transfer of base feedstock and intermediate distillates as well as the final derived product involve a high degree of supervision and monitoring of the mentioned operations in oilfields and associated refinery units. Oilfields have three integral operations viz. upstream, midstream and downstream, which require continuous monitoring and supervision. The chief objectives of supervision and monitoring are optimizing product output rate, scrutinizing each level of start-to-finish project, eradicating any anomalies and errors from the mandated norms, avoiding any oil/fuel spills and losses incurred during explorations, internal transfer of intermediates and monitoring inventory levels. Another crucial aspect of digital oilfield solutions is to arrest any counterfeiting or theft that might occur during midstream and downstream operations.
Digital Oilfield Solutions Market aims to provide a comprehensive presentation of the global market for Digital Oilfield Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Oilfield Solutions. Digital Oilfield Solutions Market contains market size and forecasts of Digital Oilfield Solutions in global, including the following market information:
- Global Digital Oilfield Solutions Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Digital Oilfield Solutions market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Hardware Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Digital Oilfield Solutions include ABB, Emerson Electric, Rockwell Automation, Siemens AG, Schneider Electric, Honeywell International Inc and General Electric, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Digital Oilfield Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Oilfield Solutions Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Digital Oilfield Solutions Market Segment Percentages, by Type, 2022 (%)
- Hardware
- Software
- Services
Global Digital Oilfield Solutions Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Digital Oilfield Solutions Market Segment Percentages, by Application, 2022 (%)
Global Digital Oilfield Solutions Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Digital Oilfield Solutions Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Digital Oilfield Solutions revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Digital Oilfield Solutions revenues share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- ABB
- Emerson Electric
- Rockwell Automation
- Siemens AG
- Schneider Electric
- Honeywell International Inc
- General Electric
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Digital Oilfield Solutions, market overview.
- Chapter 2: Global Digital Oilfield Solutions market size in revenue.
- Chapter 3: Detailed analysis of Digital Oilfield Solutions company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: 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 5: 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 6: Sales of Digital Oilfield Solutions in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
Industry Market Size
