North America Enhanced Oil Recovery Market Size & Outlook
The enhanced oil recovery market in North America is expected to reach a projected revenue of US$ 23,753.3 million by 2027. A compound annual growth rate of 3.8% is expected of North America enhanced oil recovery market from 2020 to 2027.
Revenue, 2019 (US$M)
$17,642.5
Forecast, 2027 (US$M)
$23,753.3
CAGR, 2020 - 2027
3.8%
Report Coverage
North America
North America enhanced oil recovery market, 2016-2027 (US$M)
Related Markets
North America enhanced oil recovery market highlights
- The North America enhanced oil recovery market generated a revenue of USD 17,642.5 million in 2019.
- The market is expected to grow at a CAGR of 3.8% from 2020 to 2027.
- In terms of segment, co2 injection was the largest revenue generating technology in 2019.
- CO2 Injection is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 17,642.5 million |
| Market revenue in 2027 | USD 23,753.3 million |
| Growth rate | 3.8% (CAGR from 2019 to 2027) |
| Largest segment | Co2 injection |
| 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 |
| Key market players worldwide | BP PLC, Cenovus Energy, Chevron Corp, Equinor ASA, ExxonMobil, LUKOIL, Petroleo Brasileiro SA Petrobras ADR, TotalEnergies SE |
Other key industry trends
- In terms of revenue, North America region accounted for 38.0% of the global enhanced oil recovery market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,624.4 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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North America enhanced oil recovery market size, by country, 2016-2027 (US$M)
North America Enhanced Oil Recovery Market Outlook Share, 2019 & 2027 (US$M)
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