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As the world continues to deal with COVID-19, economies are moving into recession, many government announced a plan on reopening the national economy, but many countries are still at the stage of rising.
On a more positive note, we are already seeing signs of recovery as the COVID-19 risk is declining in China. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Heavy Oil market in this environment.
In terms of revenue, this research report indicated that the global Heavy Oil market was valued at USD XXX million in 2020, and it is expected to reach a value of USD XXX million by 2027, at a CAGR of XX % over the forecast period 2021-2027. Correspondingly, the forecast analysis of Heavy Oil industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The Schlumberger aims at producing XX Heavy Oil in 2020, with XX % production to take place in global market, Halliburton accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2016-2027) of Heavy Oil Market by XYZResearch Include
- South America
Competitive Analysis; Who are the Major Players in Heavy Oil Market?
- Saudi Aramco
Major Type of Heavy Oil Covered in XYZResearch report:
- Heavy Crude Oil
- Viscous Crude Oil
- Coal Tar Creosote
Application Segments Covered in XYZResearch Market
- Machine Manufacturing
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