MARKET INTRODUCTION
Enhanced oil recovery is also familiar with tertiary recovery. It is an extraction of crude oil from oilfields which requires different methods for extraction. High concentration towards heavy oil production and expansion in shale activities are amongst the prominent factor responsible to stimulate the use of enhanced oil recovery.
MARKET DYNAMICS

Rising production from maturing oilfields and increasing rate of primary energy consumption in Asian countries is stimulating the entire oil & gas industry that is driving the use of enhanced oil recovery; and thereby impacting the market growth. In addition to this, government support by providing financial assistance to discover new offshore oilfield is anticipated to provide ample of growth opportunities to the players operating in the enhanced oil recovery market.
MARKET SCOPE
The "Global Enhanced Oil Recovery Market Analysis to 2028" is a specialized and in-depth study of the energy & power industry with a special focus on the global market trend analysis. The report aims to provide an overview of the enhanced oil recovery market with detailed market segmentation- technology, application, and geography. The global enhanced oil recovery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading enhanced oil recovery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global enhanced oil recovery market is segmented on the basis of technology and application. Based on technology, the enhanced oil recovery market is segmented into thermal, chemical. On the basis of application, the enhanced oil recovery market is segmented into onshore, offshore.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global enhanced oil recovery market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The enhanced oil recovery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the enhanced oil recovery market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the enhanced oil recovery in these regions.
MARKET PLAYERS
The reports cover key developments in the enhanced oil recovery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from enhanced oil recovery market are anticipated to lucrative growth opportunities in the future with the rising demand for enhanced oil recovery in the global market. Below mentioned is the list of few companies engaged in the enhanced oil recovery market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the enhanced oil recovery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ChampionX
- Exterran
- Halliburton
- Premier Energy, Inc.
- RCS Group of Companies
- Schlumberger
- Secure Energy
- Titan Oil Recovery Inc.
- Ultimate EOR Services LLC
- XYTEL Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.