Hydrocarbons Accounting Solution Market: Outlook By Demand, Sales, Revenue Till 2025


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Hydrocarbon accounting (HCA), is defined as the system by which ownership of oil, gas, gas liquids and produced water is determined and tracked from the point of production to a point of sale or discharge. The terms allocation and production reporting are also commonly used to refer to this function.

It has two essential elements. Firstly, gathering and validating flow measurement data in order to establish the definitive record of production from a facility. Secondly, it involves carrying out allocation calculations on the flow measurements to derive quantities that are not measured directly.


Hydrocarbons Accounting Solution includes two essential elements. Firstly, gathering and validating flow measurement data in order to establish the definitive record of production from a facility. Secondly, it involves carrying out allocation calculations on the flow measurements to derive quantities that are not measured directly. And the Hydrocarbons Accounting Software can be classified to cloud-based and on-promise type, and the cloud-based type is leading the growing market at present.

Hydrocarbons Accounting Solution is mainly used for three applications: Oil, Natural Gas and Water. And Oil & Gas was the most widely used area which took up about 98% of the global total in 2016.

North America is the largest consumption countries of Hydrocarbons Accounting Solution in the world in the past few years and it will keep increasing in the next few years. USA market took up about 30% the global market in 2016, while Europe was about 23%.


The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

This report focuses on the global Hydrocarbons Accounting Solution status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Hydrocarbons Accounting Solution development in United States, Europe and China.

The key players covered in this study
SAP
Adept Solutions
P2 Energy Solutions
Tieto
Quorum Business Solutions
EnergySys
Schlumberger
JPL
Pansoft
CGI Group
Wipro Limited
Infosys

Market segment by Type, the product can be split into
On-premises
Cloud-based

Market segment by Application, split into
Oil
Natural Gas
Water

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

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