Global Enhanced Gas Recovery Market: Overview

The concept of enhanced gas recovery (EGR) is to increase the efficiency of the process of recovering natural gas, natural gas liquids, and other condensates. Enhanced gas recovery utilizes techniques such as fracturing, waterflooding, and gas injections such as CO2 injections to achieved increased gas production from the reservoirs. As the energy requirements escalates across the world due to growing population and rapid urbanization, it has become imperative to make the most out of the existing resources. Consequently, the demand in the global enhanced gas recovery is expected to expand at a steady growth rate during the forecast period of 2016 to 2024. 

This report is a thorough study of the current scenario of the global enhanced recovery market and based on an in-depth analysis of all the factors that are expected to influence the demand, it estimates future state of the market. The report also notes some of the trends of the market and analyzes how useful they can be in changing the dynamics of the EGR market in the near future. One of the key feature of the report is the chapter on company profiles. This chapter overview a number of existing players in the market for enhanced gas recovery, estimating their market share and detecting their geographical presence. The global enhanced gas recovery market can be segmented on the basis of feedstock used to build the required pressure in the reservoir, into nitrogen based EGR and carbon dioxide based EGR.

Global Enhanced Gas Recovery Market: Drivers and Restraints

Growing demand for natural gas, which is primarily a reflection of growing environmental concerns, is the primary factor driving the global enhanced gas recovery market. Natural gas is now increasingly preferred over other conventional fossil fuels as they cause significantly less pollution and are more abundantly available, both onshore and offshore. Since EGR decrease the production costs, gas extraction and production (E&P) vendors are shifting towards this technique to maximize production besides increasing the well pressure for swift extraction. Conversely, the heavy investments required for building the EGR mechanism for production continues to be the primary restraint over the growth rate of the market. In addition to that, the embedding of carbon dioxide with the natural gas as a result of injection of gas for extraction, is another non-favorable factor for the market.

The report observes that the segment of nitrogen based enhanced gas recovery was profitable until the recent past, during which new research with carbon dioxide injected EGR has been developed and is expected to dominate the demand during the course of the forecast period. The benefits of carbon dioxide injected EGR is higher yield and reduction in greenhouse gas. 

Global Enhanced Gas Recovery Market: Regional Outlook

Geographically, the use of EGR is widespread, with it being more common in the developed countries of the U.S., Canada, and Green and Gulf of Mexico, which makes North America the most profitable regional in global enhanced gas recovery market. Shale gas is abundantly available in these regions and the rate of adoptability of new technology is also high. European region is dominated by the countries of the U.K., Netherlands, Norway, Russia, and Germany, while Japan, Australia, Qatar, South Korea, Libya, Angola, and Nigeria serve most of the demand from Asia Pacific.

Companies mentioned in the research report

Abu Dhabi National Oil Company (ADNOC), The Linde Group, Praxair, Inc., NALCO Energy Services and Tiorco, LLC., and The Dow Chemical Company are some of the prominent companies currently active in global enhanced gas recovery market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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