Market Overview:
Global Process Simulation Software in Oil and Gas Market is expected to register a CAGR of 6.5% during the forecast period 2018-2030. The market growth is attributed to the increasing demand for process simulation software from various applications such as oil and gas processing, refining, storage, transport and others. In addition, rising adoption of cloud-based software is also fueling the market growth. However, high installation cost may restrain the market growth during the forecast period. The global process simulation software in oil and gas market can be segmented on the basis of type into cloud-based software and on-premise software. Cloud-based software segment is anticipated to grow at a higher CAGR owing to its advantages such as low installation cost, easy upgradation and scalability across different geographies.
Product Definition:
Process simulation software is used to model the physical and chemical processes that occur in industrial plants. The software can help engineers optimize plant operations, predict plant performance, and troubleshoot problems.
Cloud-based Software:
Cloud-based software is a type of software service model that provides solutions to business processes through the internet. It helps in streamlining various processes and operations by combining data, applications, and people. The cloud-based software industry has witnessed significant growth over the past few years owing to its cost effectiveness along with increased efficiency in terms of time & resources management.
On-premise Software:
On-premise software is a type of software that is installed and used directly by the end-users or consumers. The software can be installed on computers present within an organization or can also be deployed through cloud services depending upon the requirements of the end users. On-premise solutions are preferred over cloud solutions as they offer more customization options to their customers, thereby increasing their chances for long term business relations.
Application Insights:
The other application segment includes applications such as maintenance, logistics and supply chain management. The oil and gas processing application segment accounted for the largest market share in 2017. This is attributed to the fact that most of the process simulation software solutions are adopted in upstream oil and gas activities including well planning, drilling operations, completion procedures, etc. These solutions also aid during midstream operations including flowline design & installation as well as optimization & control of processes like lubrication systems or heat treatments at a refinery level.
Storage is expected to be one of the fastest-growing segments over the forecast period owing to increasing demand for crude oil from various sources around the world coupled with growing investments by governments in developing storage facilities at home or abroad depending upon their strategic objectives related to energy security or economic growth respectively.
Regional Analysis:
North America region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for process simulation software in refineries and chemical plants. In addition, technological advancements such as automation of crude oil processing are anticipated to drive regional market growth.
The Asia Pacific region is projected to witness significant growth during the forecast period owing to rising investments by various governments in developing countries such as China, India, South Korea & Japan along with other Southeast Asian nations. Rapid industrialization coupled with favorable government policies aimed at promoting foreign direct investment (FDI) is further expected to boost regional market development during the estimated time span.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising prices of oil and gas in the global market
- Stringent environmental regulations for emissions and effluents from industries
- Development of new exploration areas with complex geological conditions
- Increased focus on safety, efficiency, and productivity in the oil and gas industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Process Simulation Software in Oil and Gas Market Research Report
By Type
Cloud-based Software, On-premise Software
By Application
Oil And Gas Processing, Refining, Storage, Transport, Other
By Companies
Aspen Technology, Honeywell Process Solutions, KBC, AVEVA Group, Process System Enterprise, Chemstations, Kongsberg Gruppen, GSE Systems, Virtual Material Group, ProSim, EQ-Comp, Schneider Electric, Bryan Research&Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Process Simulation Software in Oil and Gas Market Report Segments:
The global Process Simulation Software in Oil and Gas market is segmented on the basis of:
Types
Cloud-based Software, On-premise Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil And Gas Processing, Refining, Storage, Transport, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aspen Technology
- Honeywell Process Solutions
- KBC
- AVEVA Group
- Process System Enterprise
- Chemstations
- Kongsberg Gruppen
- GSE Systems
- Virtual Material Group
- ProSim
- EQ-Comp
- Schneider Electric
- Bryan Research&Engineering
Highlights of The Process Simulation Software in Oil and Gas Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based Software
- On-premise Software
- By Application:
- Oil And Gas Processing
- Refining
- Storage
- Transport
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Process Simulation Software in Oil and Gas Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Process simulation software is used to model the flow of oil and gas through a well, pipeline, or processing plant. The software can be used to predict how much oil or gas will be produced from a particular well, how long it will take to produce that amount of oil or gas, and what kind of environmental impact the production may have.
Some of the major companies in the process simulation software in oil and gas market are Aspen Technology, Honeywell Process Solutions, KBC, AVEVA Group, Process System Enterprise, Chemstations, Kongsberg Gruppen, GSE Systems, Virtual Material Group, ProSim, EQ-Comp, Schneider Electric, Bryan Research&Engineering.
The process simulation software in oil and gas market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Process Simulation Software in Oil and Gas Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Process Simulation Software in Oil and Gas Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Process Simulation Software in Oil and Gas Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Process Simulation Software in Oil and Gas Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Process Simulation Software in Oil and Gas Market Size & Forecast, 2018-2028 4.5.1 Process Simulation Software in Oil and Gas Market Size and Y-o-Y Growth 4.5.2 Process Simulation Software in Oil and Gas Market Absolute $ Opportunity
Chapter 5 Global Process Simulation Software in Oil and Gas Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Process Simulation Software in Oil and Gas Market Size Forecast by Type
5.2.1 Cloud-based Software
5.2.2 On-premise Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Process Simulation Software in Oil and Gas Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Process Simulation Software in Oil and Gas Market Size Forecast by Applications
6.2.1 Oil And Gas Processing
6.2.2 Refining
6.2.3 Storage
6.2.4 Transport
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Process Simulation Software in Oil and Gas Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Process Simulation Software in Oil and Gas Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Process Simulation Software in Oil and Gas Analysis and Forecast
9.1 Introduction
9.2 North America Process Simulation Software in Oil and Gas Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Process Simulation Software in Oil and Gas Market Size Forecast by Type
9.6.1 Cloud-based Software
9.6.2 On-premise Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Process Simulation Software in Oil and Gas Market Size Forecast by Applications
9.10.1 Oil And Gas Processing
9.10.2 Refining
9.10.3 Storage
9.10.4 Transport
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Process Simulation Software in Oil and Gas Analysis and Forecast
10.1 Introduction
10.2 Europe Process Simulation Software in Oil and Gas Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Process Simulation Software in Oil and Gas Market Size Forecast by Type
10.6.1 Cloud-based Software
10.6.2 On-premise Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Process Simulation Software in Oil and Gas Market Size Forecast by Applications
10.10.1 Oil And Gas Processing
10.10.2 Refining
10.10.3 Storage
10.10.4 Transport
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Process Simulation Software in Oil and Gas Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Process Simulation Software in Oil and Gas Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Process Simulation Software in Oil and Gas Market Size Forecast by Type
11.6.1 Cloud-based Software
11.6.2 On-premise Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Process Simulation Software in Oil and Gas Market Size Forecast by Applications
11.10.1 Oil And Gas Processing
11.10.2 Refining
11.10.3 Storage
11.10.4 Transport
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Process Simulation Software in Oil and Gas Analysis and Forecast
12.1 Introduction
12.2 Latin America Process Simulation Software in Oil and Gas Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Process Simulation Software in Oil and Gas Market Size Forecast by Type
12.6.1 Cloud-based Software
12.6.2 On-premise Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Process Simulation Software in Oil and Gas Market Size Forecast by Applications
12.10.1 Oil And Gas Processing
12.10.2 Refining
12.10.3 Storage
12.10.4 Transport
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Process Simulation Software in Oil and Gas Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Process Simulation Software in Oil and Gas Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Process Simulation Software in Oil and Gas Market Size Forecast by Type
13.6.1 Cloud-based Software
13.6.2 On-premise Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Process Simulation Software in Oil and Gas Market Size Forecast by Applications
13.10.1 Oil And Gas Processing
13.10.2 Refining
13.10.3 Storage
13.10.4 Transport
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Process Simulation Software in Oil and Gas Market: Competitive Dashboard
14.2 Global Process Simulation Software in Oil and Gas Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aspen Technology
14.3.2 Honeywell Process Solutions
14.3.3 KBC
14.3.4 AVEVA Group
14.3.5 Process System Enterprise
14.3.6 Chemstations
14.3.7 Kongsberg Gruppen
14.3.8 GSE Systems
14.3.9 Virtual Material Group
14.3.10 ProSim
14.3.11 EQ-Comp
14.3.12 Schneider Electric
14.3.13 Bryan Research&Engineering