Microbial Enhanced Oil Recovery (MEOR) is a biological based technology consisting in manipulating function or structure, or both, of microbial environments existing in oil reservoirs. The ultimate aim of MEOR is to improve the recovery of oil entrapped in porous media while increasing economic profits. MEOR is a tertiary oil extraction technology allowing the partial recovery of the commonly residual two-thirds of oil, thus increasing the life of mature oil reservoirs.
This report contains market size and forecasts of Microbial Enhanced Oil Recovery in Global, including the following market information:
Global Microbial Enhanced Oil Recovery Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Microbial Enhanced Oil Recovery market was valued at 844.8 million in 2021 and is projected to reach US$ 1786.5 million by 2028, at a CAGR of 11.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Ground Method Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Microbial Enhanced Oil Recovery include StatOil, Titan Oil Recovery, Royal Dutch Shell, BP, ConocoPhillips, DuPont, Genome Prairie, Chemiphase and CNPC and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Microbial Enhanced Oil Recovery companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Microbial Enhanced Oil Recovery Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Microbial Enhanced Oil Recovery Market Segment Percentages, by Type, 2021 (%)
Ground Method
Reservoir Method
Global Microbial Enhanced Oil Recovery Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Microbial Enhanced Oil Recovery Market Segment Percentages, by Application, 2021 (%)
Onshore Oilfield
Offshore Oilfield
Global Microbial Enhanced Oil Recovery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Microbial Enhanced Oil Recovery Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Microbial Enhanced Oil Recovery revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Microbial Enhanced Oil Recovery revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
StatOil
Titan Oil Recovery
Royal Dutch Shell
BP
ConocoPhillips
DuPont
Genome Prairie
Chemiphase
CNPC
Gulf Energy