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North America Digital Oilfield Market Trends

Report ID: GMI5738
Published Date: Dec 2024
Report Format: PDF

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North America Digital Oilfield Market Trends

The North America digital oilfield industry is witnessing significant growth driven by trends such as increased adoption of automation, big data analytics, and artificial intelligence to optimize oilfield operations. Integration of IoT-enabled sensors and real-time monitoring tools is enhancing productivity and reducing operational risks. Also, growing focus on sustainability and carbon footprint reduction is driving the adoption of digital technologies for energy-efficient operations. For instance, in October 2021, ABB and Enovate Upstream partnered to offer a cloud-based, automated oilfield solution. Combining ABB’s Ability Wellhead Manager with Enovate’s Digital Production platform, the solution provides real-time analysis, predictive analytics, and improves production, efficiency, and decision-making, advancing digital transformation and sustainability in oil and gas.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The North America digital oilfield market was valued at USD 11.2 billion in 2024 and is projected to reach USD 22.7 billion by 2034, driven by a CAGR of 7.5% from 2025 to 2034.

The market for reservoir optimization processes is projected to surpass USD 6.9 billion by 2034, driven by the adoption of advanced technologies for production optimization and enhanced recovery.

The U.S. digital oilfield market is projected to exceed USD 17 billion by 2034, driven by the increasing adoption of advanced technologies such as IoT, AI, and cloud-based platforms.

Major players include ABB, Accenture, Emerson Electric, General Electric, Halliburton, Honeywell International, Infosys, Intel, National Oilwell Varco, Rockwell Automation, Schneider Electric, and Siemens.