Market Overview:
The global digital oil-field (DOF) market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy and the need for enhanced production from oilfields. The RTU segment is expected to hold the largest share of the global DOF market in 2018, owing to its ability to provide real-time data and improve operational efficiency. By application, water conservancy is expected to be the fastest-growing segment during the forecast period, owingtothe growing demand for water conservation in various industries such as agriculture and manufacturing.
 Industry Outlook.svg)
Product Definition:
A digital oilfield is an integrated platform that allows for the efficient and intelligent management of all aspects of an oil or gas field. The main purpose of a digital oilfield is to increase production while reducing costs.
RTU:
Real-time Unicomplex (RTU) is a technique used to measure the flow of real-time data in an oil well. It provides valuable information about the downhole conditions such as temperature, pressure and fluid level. The primary function of RTU is to monitor and control the drilling process for efficient extraction from reservoir rocks with minimum wastage.
The global digital oil field market size was valued at USD 1,849 million in 2016.
RTU Architecture:
RTU (Real-Time Upstream) architecture is used in the Digital Oil-Field (DOF) market to improve oil production from wells. It helps in reducing the time required for processing of data and streamlines real-time information across all stages of the value chain.
Application Insights:
Petroleum gas was the dominant application segment in the global DOF market, accounting for over 45% of the revenue share in 2017. The growth can be attributed to growing demand for petroleum gas from onshore and offshore facilities. Petroleum gases are used as a fuel source in onshore and offshore facilities. Growing demand for natural gas has led to an increase in drilling activities across various regions which is expected to drive oil-field services industry over the forecast period.
Water conservancy was estimated as one of the fastest-growing segments owing to increasing investments by governments across various countries including Saudi Arabia, Iran, China and India regarding water management issues related with oil exploration activities.
Regional Analysis:
North America dominated the global market in 2017, accounting for over 35.0% of the total revenue share. The U.S., being a major oil-producing country, is expected to remain a key regional market during the forecast period.
The Middle East region has one of the largest oil reserves worldwide with Saudi Arabia being its biggest producer followed by Venezuela.
Growth Factors:
- Increasing demand for oil and gas: The global demand for oil and gas is increasing day by day. This is driving the growth of the digital oil-field market as well.
- Rising investments in upstream sector: There has been a rise in the number of investments made in the upstream sector across the globe, owing to which, there is an increase in demand for digital oil-field solutions as well.
- Proliferation of smart devices: With proliferation of smart devices such as smartphones and tablets, there is an increase in adoption of digital oil-field solutions among end users too.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Oil-Field (DOF) Market Research Report
By Type
RTU, RTU Architecture
By Application
Petroleum Gas, Water Conservancy, Electricity, Others
By Companies
GE(Baker Hughes), Siemens AG, Huawei, Honeywell International Inc., Brodersen A/S, Emerson Electric Co., Halliburton, Istore, Kongsberg Gruppen, National Oilwell Varco, Inc., Pason Systems Corp., Petrolink, Schlumberger Ltd., Vmonitor, Weatherford International Ltd., Zetron, Inc.
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Digital Oil-Field (DOF) Market Report Segments:
The global Digital Oil-Field (DOF) market is segmented on the basis of:
Types
RTU, RTU Architecture
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
Petroleum Gas, Water Conservancy, Electricity, Others
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:
- GE(Baker Hughes)
- Siemens AG
- Huawei
- Honeywell International Inc.
- Brodersen A/S
- Emerson Electric Co.
- Halliburton
- Istore
- Kongsberg Gruppen
- National Oilwell Varco, Inc.
- Pason Systems Corp.
- Petrolink
- Schlumberger Ltd.
- Vmonitor
- Weatherford International Ltd.
- Zetron, Inc.
 Market Overview.svg)
Highlights of The Digital Oil-Field (DOF) 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:
- RTU
- RTU Architecture
- By Application:
- Petroleum Gas
- Water Conservancy
- Electricity
- Others
- 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 Digital Oil-Field (DOF) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Digital oil-field (DOF) is a new technology that uses digital images and sensors to detect, monitor and manage oil production. DOF systems can be used in both onshore and offshore environments.
Some of the key players operating in the digital oil-field (dof) market are GE(Baker Hughes), Siemens AG, Huawei, Honeywell International Inc., Brodersen A/S, Emerson Electric Co., Halliburton, Istore, Kongsberg Gruppen, National Oilwell Varco, Inc., Pason Systems Corp., Petrolink, Schlumberger Ltd., Vmonitor, Weatherford International Ltd., Zetron, Inc..
The digital oil-field (dof) market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Oil-Field (DOF) 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 Digital Oil-Field (DOF) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Oil-Field (DOF) 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 Digital Oil-Field (DOF) 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 Digital Oil-Field (DOF) Market Size & Forecast, 2020-2028
4.5.1 Digital Oil-Field (DOF) Market Size and Y-o-Y Growth
4.5.2 Digital Oil-Field (DOF) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 RTU
5.2.2 RTU Architecture
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Petroleum Gas
6.2.2 Water Conservancy
6.2.3 Electricity
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Oil-Field (DOF) 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 Digital Oil-Field (DOF) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 RTU
9.6.2 RTU Architecture
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 Market Size Forecast by Applications
9.10.1 Petroleum Gas
9.10.2 Water Conservancy
9.10.3 Electricity
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 RTU
10.6.2 RTU Architecture
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 Market Size Forecast by Applications
10.10.1 Petroleum Gas
10.10.2 Water Conservancy
10.10.3 Electricity
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 RTU
11.6.2 RTU Architecture
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 Market Size Forecast by Applications
11.10.1 Petroleum Gas
11.10.2 Water Conservancy
11.10.3 Electricity
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 RTU
12.6.2 RTU Architecture
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 Market Size Forecast by Applications
12.10.1 Petroleum Gas
12.10.2 Water Conservancy
12.10.3 Electricity
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 RTU
13.6.2 RTU Architecture
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) Market Size Forecast by Applications
13.10.1 Petroleum Gas
13.10.2 Water Conservancy
13.10.3 Electricity
13.10.4 Others
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 Digital Oil-Field (DOF) Market: Competitive Dashboard
14.2 Global Digital Oil-Field (DOF) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE(Baker Hughes)
14.3.2 Siemens AG
14.3.3 Huawei
14.3.4 Honeywell International Inc.
14.3.5 Brodersen A/S
14.3.6 Emerson Electric Co.
14.3.7 Halliburton
14.3.8 Istore
14.3.9 Kongsberg Gruppen
14.3.10 National Oilwell Varco, Inc.
14.3.11 Pason Systems Corp.
14.3.12 Petrolink
14.3.13 Schlumberger Ltd.
14.3.14 Vmonitor
14.3.15 Weatherford International Ltd.
14.3.16 Zetron, Inc.
