Microbial Enhanced Oil Recovery (MEOR) is a biological based technology consisting in manipulating function or structure, or both, of microbial environments existing in oil reservoirs. The ultimate aim of MEOR is to improve the recovery of oil entrapped in porous media while increasing economic profits. MEOR is a tertiary oil extraction technology allowing the partial recovery of the commonly residual two-thirds of oil, thus increasing the life of mature oil reservoirs. Global Microbial Enhanced Oil Recovery key players include StatOil, Titan oil recovery, Royal Dutch Shell, BP, ConocoPhillips, etc. Global top five players hold a share about 70%. North America is the largest market, with a share about 30%, followed by Europe and Asia-Pacific, having a total share about 40 percent. In terms of product, Reservoir Method is the largest segment, with a share about 70%. And in terms of application, the largest application is Onshore Oilfield, followed by Offshore Oilfield. Market Analysis and Insights: Global Microbial Enhanced Oil Recovery Market The global Microbial Enhanced Oil Recovery market size is projected to reach US$ 1603.2 million by 2027, from US$ 735 million in 2020, at a CAGR of 11.8% during 2021-2027
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. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Microbial Enhanced Oil Recovery market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Microbial Enhanced Oil Recovery market in terms of revenue. On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Microbial Enhanced Oil Recovery market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Microbial Enhanced Oil Recovery market.
Microbial Enhanced Oil Recovery Breakdown Data by Type
, Ground Method, Reservoir Method
Microbial Enhanced Oil Recovery Breakdown Data by Application
, Onshore Oilfield, Offshore Oilfield Based on regional and country-level analysis, the Microbial Enhanced Oil Recovery market has been segmented as follows:, North America, United States, Canada, Europe, Germany, France, U.K., Italy, Russia, Nordic, Rest of Europe, Asia-Pacific, China, Japan, South Korea, Southeast Asia, India, Australia, Rest of Asia-Pacific, Latin America, Mexico, Brazil, Middle East & Africa, Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa In the competitive analysis section of the report, leading as well as prominent players of the global Microbial Enhanced Oil Recovery market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2016-2021.
The following players are covered in this report
:, StatOil, Titan Oil Recovery, Royal Dutch Shell, BP, ConocoPhillips, DuPont, Genome Prairie, Chemiphase, CNPC, Gulf Energy
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