Latest research report on “Microbial Enhanced Oil Recovery Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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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.
This report contains market size and forecasts of Microbial Enhanced Oil Recovery in Global, including the following market information:
Global Microbial Enhanced Oil Recovery Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Microbial Enhanced Oil Recovery market was valued at 844.8 million in 2021 and is projected to reach US$ 1786.5 million by 2028, at a CAGR of 11.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Ground Method Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Microbial Enhanced Oil Recovery include StatOil, Titan Oil Recovery, Royal Dutch Shell, BP, ConocoPhillips, DuPont, Genome Prairie, Chemiphase and CNPC and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Microbial Enhanced Oil Recovery 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 Microbial Enhanced Oil Recovery Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Microbial Enhanced Oil Recovery Market Segment Percentages, by Type, 2021 (%)
– Ground Method
– Reservoir Method
Global Microbial Enhanced Oil Recovery Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Microbial Enhanced Oil Recovery Market Segment Percentages, by Application, 2021 (%)
– Onshore Oilfield
– Offshore Oilfield
Global Microbial Enhanced Oil Recovery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Microbial Enhanced Oil Recovery Market Segment Percentages, By Region and Country, 2021 (%)
– 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 Microbial Enhanced Oil Recovery revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Microbial Enhanced Oil Recovery revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– StatOil
– Titan Oil Recovery
– Royal Dutch Shell
– BP
– ConocoPhillips
– DuPont
– Genome Prairie
– Chemiphase
– CNPC
– Gulf Energy
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