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North America Digital Oilfield Market Share

Report ID: GMI5738
Published Date: May 2023
Report Format: PDF

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North America Digital Oilfield Market Share

The North America digital oilfield market is projected to experience significant growth in the upcoming years due to the increased acceptance of digital technologies by major industries worldwide. To minimize investments in the O&G E&P projects, major digital oilfield service providers are focused on research and development activities aimed at deploying efficient and reliable technologies. Key players in the digital oilfield market include :

ABB
Siemens
Weatherford
National Oilwell Varco
General Electric
Halliburton
SLB
Schneider Electric
Rockwell Automation
Emerson Electric Co
Accenture
Infosys Limited
Intel Corporation
Honeywell International Inc
Wipro

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America digital oilfield reached USD 10.5 billion in 2023 and will depict 7.2% CAGR from 2024 to 2032 led by the increased spending to optimize oil & gas production through features such as predictive analytics and automation.

Production optimization process captured 28% share of North America digital oilfield industry in 2022 owing to advantages such as real-time monitoring, advanced production surveillance and data analytics, among others.

North America digital oilfield industry size from IoT technology was over USD 3 billion during 2022 and will expand at a robust pace with increased deployment of components such as sensors and other connected equipment to support real-time monitoring of parameters.

Some key competitors in the North America digital oilfield industry include Accenture, Intel Corporation, Schneider Electric, ABB, General Electric, Siemens, Rockwell Automation, and Emerson Electric Co., among others.