Europe artificial intelligence (AI) in oil & gas market was valued at $ 542.5 million in 2022 and will grow by 11.8% annually over 2022-2032, driven by the need to reduce production and maintenance cost, the rising demand for safety and security standards, the increasing adoption of advanced technologies in oil & gas industry, and the high investments and fast innovation in AI implementation.
Highlighted with 32 tables and 43 figures, this 104-page report "Europe Artificial Intelligence (AI) in Oil & Gas Market 2022-2032 by Component (Hardware, Software & Solutions, Services), Operation (Upstream, Midstream, Downstream), Application (Predictive Maintenance, Production Planning, Material Movement, Field Services, Quality Control), and Country: Trend Forecast and Growth Opportunity" is based on comprehensive research of the entire Europe artificial intelligence (AI) in oil & gas market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe artificial intelligence (AI) in oil & gas market in every aspect of the classification from perspectives of Component, Operation, Application, and Country.
Based on Component, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
• Software & Solutions
• Services
o Professional Services
o Managed Services
Based on Operation, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Upstream
• Midstream
• Downstream
By Application, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Predictive Maintenance and Machinery Inspection
• Production Planning
• Material Movement
• Field Services
• Quality Control
• Other Applications
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Component, Operation and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Accenture PLC
C3.AI Inc.
China Petrochemical Corporation
Cisco Systems Inc.
Cloudera Inc.
FuGenX Technologies Pvt. Ltd. (USM Business Systems, Inc.)
Gazprom Neft PJSC
Google LLC
Huawei Technologies Co., Ltd.
IBM Corporation
Infosys Limited
Intel Corporation
Microsoft Corporation
Neudax
NVIDIA Corp.
Oracle Corporation
Royal Dutch Shell PLC
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 22
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 24
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter's Fiver Forces Analysis 41
3 Segmentation of Europe Market by Component 45
3.1 Market Overview by Component 45
3.2 Hardware 47
3.3 Software & Solutions 48
3.4 Services 49
3.4.1 Professional Services 50
3.4.2 Managed Services 51
4 Segmentation of Europe Market by Operation 52
4.1 Market Overview by Operation 52
4.2 Upstream 54
4.3 Midstream 55
4.4 Downstream 56
5 Segmentation of Europe Market by Application 57
5.1 Market Overview by Application 57
5.2 Predictive Maintenance and Machinery Inspection 59
5.3 Production Planning 60
5.4 Material Movement 61
5.5 Field Services 62
5.6 Quality Control 63
5.7 Other Applications 64
6 European Market 2022-2032 by Country 65
6.1 Overview of European Market 65
6.2 Germany 68
6.3 U.K. 70
6.4 France 72
6.5 Spain 74
6.6 Italy 76
6.7 Russia 78
6.8 Rest of European Market 80
7 Competitive Landscape 82
7.1 Overview of Key Vendors 82
7.2 New Product Launch, Partnership, Investment, and M&A 85
7.3 Company Profiles 86
Accenture PLC 86
C3.AI Inc. 88
China Petrochemical Corporation 89
Cisco Systems Inc. 90
Cloudera Inc. 91
FuGenX Technologies Pvt. Ltd. (USM Business Systems, Inc.) 92
Gazprom Neft PJSC 93
Google LLC 94
Huawei Technologies Co., Ltd. 95
IBM Corporation 96
Infosys Limited 97
Intel Corporation 98
Microsoft Corporation 99
Neudax 100
NVIDIA Corp. 101
Oracle Corporation 102
Royal Dutch Shell PLC 103
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