The global AI in the oil and gas market is expected to register a CAGR of 14.1% during the forecast period. The market value is projected to increase from USD 3.5 billion in 2024 to USD 13 billion by 2034.
AI in Oil and Gas Market Size, Analysis, and Insights
Attributes | Details |
---|---|
Market Size, 2024 | USD 3.5 billion |
Market Value, 2034 | USD 13 billion |
CAGR (2024 to 2034) | 14.1% |
Attributes | Details |
---|---|
Component | Solution |
Market CAGR From 2024 to 2034 | 13.8% |
Attributes | Details |
---|---|
By Operation | Upstream |
Market CAGR from 2024 to 2034 | 13.6% |
Countries | CAGR from 2024 to 2034 |
---|---|
The United States | 14.5% |
The United Kingdom | 15.7% |
China | 13.4% |
Japan | 15.4% |
South Korea | 12.3% |
Many companies are investing in AI technologies to optimize their operations, reduce costs, and improve safety. Companies are investing heavily in AI-powered solutions that can analyze data from sensors and other sources to improve efficiency and reduce downtime.
Additionally, there are many startups and smaller companies that are developing innovative AI solutions for the oil and gas industry. Overall, the market is moderately competitive, with many players vying for a significant share.
Recent Developments
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Operation, 2019 to 2034
Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Operation, 2019 to 2034
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: Latin America Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Operation, 2019 to 2034
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 11: Western Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 12: Western Europe Market Value (US$ Million) Forecast by Operation, 2019 to 2034
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 15: Eastern Europe Market Value (US$ Million) Forecast by Operation, 2019 to 2034
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by Operation, 2019 to 2034
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: East Asia Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 21: East Asia Market Value (US$ Million) Forecast by Operation, 2019 to 2034
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Operation, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Component, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Operation, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Global Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by Operation, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Operation, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Operation, 2024 to 2034
Figure 13: Global Market Attractiveness by Component, 2024 to 2034
Figure 14: Global Market Attractiveness by Operation, 2024 to 2034
Figure 15: Global Market Attractiveness by Region, 2024 to 2034
Figure 16: North America Market Value (US$ Million) by Component, 2024 to 2034
Figure 17: North America Market Value (US$ Million) by Operation, 2024 to 2034
Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 23: North America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 24: North America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Operation, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Operation, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Operation, 2024 to 2034
Figure 28: North America Market Attractiveness by Component, 2024 to 2034
Figure 29: North America Market Attractiveness by Operation, 2024 to 2034
Figure 30: North America Market Attractiveness by Country, 2024 to 2034
Figure 31: Latin America Market Value (US$ Million) by Component, 2024 to 2034
Figure 32: Latin America Market Value (US$ Million) by Operation, 2024 to 2034
Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Operation, 2019 to 2034
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Operation, 2024 to 2034
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Operation, 2024 to 2034
Figure 43: Latin America Market Attractiveness by Component, 2024 to 2034
Figure 44: Latin America Market Attractiveness by Operation, 2024 to 2034
Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 46: Western Europe Market Value (US$ Million) by Component, 2024 to 2034
Figure 47: Western Europe Market Value (US$ Million) by Operation, 2024 to 2034
Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 52: Western Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) Analysis by Operation, 2019 to 2034
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by Operation, 2024 to 2034
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by Operation, 2024 to 2034
Figure 58: Western Europe Market Attractiveness by Component, 2024 to 2034
Figure 59: Western Europe Market Attractiveness by Operation, 2024 to 2034
Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 61: Eastern Europe Market Value (US$ Million) by Component, 2024 to 2034
Figure 62: Eastern Europe Market Value (US$ Million) by Operation, 2024 to 2034
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by Operation, 2019 to 2034
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by Operation, 2024 to 2034
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by Operation, 2024 to 2034
Figure 73: Eastern Europe Market Attractiveness by Component, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness by Operation, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 76: South Asia and Pacific Market Value (US$ Million) by Component, 2024 to 2034
Figure 77: South Asia and Pacific Market Value (US$ Million) by Operation, 2024 to 2034
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by Operation, 2019 to 2034
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by Operation, 2024 to 2034
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Operation, 2024 to 2034
Figure 88: South Asia and Pacific Market Attractiveness by Component, 2024 to 2034
Figure 89: South Asia and Pacific Market Attractiveness by Operation, 2024 to 2034
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Market Value (US$ Million) by Component, 2024 to 2034
Figure 92: East Asia Market Value (US$ Million) by Operation, 2024 to 2034
Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) Analysis by Operation, 2019 to 2034
Figure 101: East Asia Market Value Share (%) and BPS Analysis by Operation, 2024 to 2034
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by Operation, 2024 to 2034
Figure 103: East Asia Market Attractiveness by Component, 2024 to 2034
Figure 104: East Asia Market Attractiveness by Operation, 2024 to 2034
Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 106: Middle East and Africa Market Value (US$ Million) by Component, 2024 to 2034
Figure 107: Middle East and Africa Market Value (US$ Million) by Operation, 2024 to 2034
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by Operation, 2019 to 2034
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by Operation, 2024 to 2034
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by Operation, 2024 to 2034
Figure 118: Middle East and Africa Market Attractiveness by Component, 2024 to 2034
Figure 119: Middle East and Africa Market Attractiveness by Operation, 2024 to 2034
Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The market in China is expected to progress at a CAGR of 13.4% through the forecast period.
The market for AI in oil and gas is valued at around USD 3.5 billion in 20224.
The solution segment progressed 13.6% of the market CAGR from 2024 to 2034.
The United States accounts for around 14.5% of the CAGR from 2024 to 2034.
The market is set to reach a valuation of around USD 13 billion by the end of 2034.
The market is estimated to register a growth of 14.1% from 2024 to 2034.
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