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Growth of Microbial Enhanced Oil Recovery Market to be Impacted by the Advantages of Microbial Enhanced Oil Recovery| Technavio

March 6, 2020 GMT
Technavio has announced its latest market research report titled Global Microbial Enhanced Oil Recovery Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Microbial Enhanced Oil Recovery Market 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Mar 6, 2020--

The report, global microbial enhanced oil recovery market 2020-2024 has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and application for the forecast period 2020-2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200306005123/en/

Technavio has announced its latest market research report titled Global Microbial Enhanced Oil Recovery Market 2020-2024 (Graphic: Business Wire)

To learn more about the global trends impacting the future of market research: Download Free Sample Report

The report on the microbial enhanced oil recovery market includes:

Microbial Enhanced Oil Recovery Market Analysis and Forecast 2020-2024: Features

  • Competitive landscape
  • Market segmentation
    • Regional Segmentation
    • Application Segmentation
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Microbial Enhanced Oil Recovery Market 2020-2024: Competitive Landscape

  • Vendors covered
  • Vendor classification
    • Chemiphase Ltd.
    • DuPont de Nemours Inc.
    • Environmental BioTechnologies Inc.
    • Equinor ASA
    • Micro-Bac International Inc.
    • Microbial Energy Inc.
    • ONGC TERI Biotech Ltd.
    • Qyrin Petroleum Technology
    • RAM Biochemicals Inc.
    • Titan Oil Recovery Inc.

Microbial Enhanced Oil Recovery Market Landscape 2020-2024: Geographic Landscape

  • APAC - size and forecast 2019-2024
  • Europe - size and forecast 2019-2024
  • MEA - size and forecast 2019-2024
  • North America - size and forecast 2019-2024
  • South America - size and forecast 2019-2024
  • Key leading countries

Microbial Enhanced Oil Recovery Market Landscape 2020-2024: ApplicationSegmentation

  • Onshore - size and forecast 2019-2024
  • Offshore - size and forecast 2019-2024

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Technavio’s SUBSCRIPTION platform

Advantages of microbial enhanced oil recovery will drive the microbial enhanced oil recovery market

The production process of crude oil is being optimized by employing several recovery techniques including thermal methods, gas injection, and chemical injection. Recently, a tertiary oil recovery method, microbial enhanced oil recovery has been gaining popularity as this technique is cheaper in comparison to other enhanced oil recovery techniques. This method involves a microbial enhanced oil recovery solution, which is injected into adjacent wells. It has low-energy input requirement for microbes and enhances the operational efficiency of oil fields.

Increasing consumption of oil and natural gas – An emerging trend in the microbial enhanced oil recovery market

The global liquid fuel consumption is expected to grow steadily during the forecast period according to the US EIA. This is encouraging oil companies to drill greenfield oil wells in new and existing oilfields. This is further leading to an increase in demand for microbial enhanced oil recovery for improved the oil recovery.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

Get Full Report:https://www.technavio.com/report/microbial-enhanced-oil-recovery-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

Technavio also offers custom research services providing focused, comprehensive, and tailored research.

To learn more about the global trends impacting the future of market research: Download Free Sample Report

Related Reports on Energyinclude:

Fuel Oil Market – Global Fuel Oil Market by application (marine, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America).

Oil and Gas Separators Market – Global Oil and Gas Separators Market by application (onshore and offshore), type (vertical and spherical), and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200306005123/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: OIL/GAS ENERGY

SOURCE: Technavio Research

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PUB: 03/06/2020 08:30 AM/DISC: 03/06/2020 08:30 AM

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