Global Enhanced Oil Recovery Market Size & Outlook
The enhanced oil recovery industry worldwide is expected to reach a projected revenue of US$ 62,100.0 million by 2027. A compound annual growth rate of 3.7% is expected of the worldwide enhanced oil recovery industry from 2020 to 2027.
Revenue, 2019 (US$M)
$46,401.3
Forecast, 2027 (US$M)
$62,100.0
CAGR, 2020 - 2027
3.7%
Report Coverage
Worldwide
Global enhanced oil recovery market, 2016-2027 (US$M)
Related Markets
Global enhanced oil recovery market highlights
- The global enhanced oil recovery market generated a revenue of USD 46,401.3 million in 2019 and is expected to reach USD 62,100.0 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 3.7% by 2027.
- In terms of segment, thermal accounted for a revenue of USD 18,326.2 million in 2019.
- CO2 Injection is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2019.
- Country-wise, Brazil is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 46,401.3 million |
| Market revenue in 2027 | USD 62,100.0 million |
| Growth rate | 3.7% (CAGR from 2019 to 2027) |
| Largest segment | Thermal |
| Fastest growing segment | CO2 Injection |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, CO2 Injection, Chemical |
Other key industry trends
- In terms of revenue, the North America accounted for 38.0% of the global enhanced oil recovery market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 2,472.9 million by 2027.
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Enhanced Oil Recovery Market Scope
Enhanced oil recovery market segmentation & scope
Enhanced Oil Recovery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global enhanced oil recovery market size, by regions, 2016-2027 (US$M)
Top 10 countries: Enhanced oil recovery market size, 2019 (US$M)
Global enhanced oil recovery market share, by technology, 2019 & 2027 (%, US$M)
Enhanced oil recovery market: Opportunity assessment by country
Global enhanced oil recovery market, by region, 2019 (US$M)
Related regional statistics
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