India Upstream Petrotechnical Training Services Market size was valued at US$ 265.60 Mn. in 2020 and the revenue is expected to grow at 5.25 % through 2021 to 2027, reaching nearly US$ 380 Mn.To know about the Research Methodology:-Request Free Sample Report
India Upstream Petrotechnical Training Services Market Drivers and Restrains:
The Indian petrochemical sector is one of the core industries in India and has very significant size in global economy. Survey informed a substantial supply and demand gap in the skills in India. Upstream petrotechnical training services that helps to improve productivity of the petrotechnical industry. The training services create growth opportunities that increase knowledge, develop skills, and enrich the organization. The India upstream petrotechnical training services markets are driven by the growth of unconventional oil and gas activity and an evolving resource base, the industry has witnessed increasing capital investments toward oil and gas exploration and production. Presence of strict government rules and compliances about the safety of individuals in these industries is expected to impel the market growth over the upcoming period. However, increasing cost of training expenditure resulting in lower return on investments for organizations in an already competitive market and High levels of resources required for e-learning services, which are hampering the market growth at the global level. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. HR Issues in Upstream Oil and Gas Industry of India: Some Reflections Ashutosh Muduli DM Pestonjee ABSTRACT The Indian oil and gas sector is one of the six core industries in India and has very significant forward linkages with the entire economy. Against a backdrop of rising demand locally as well as globally and intention of the government to actively explore further, a boom is expected in the Indian Exploration & Production sector. Further, Globalization leading to mergers and acquisitions, technological advancement, frontier and new production development, changing demographics and regulatory requirements all challenge the upstream petroleum industry- more specifically the ability of the industry to attract and retain a skilled workforce. Survey reported a substantial supply and demand gap in the skills in India. The gap on account of demand-supply mismatch may get further aggravated by the exodus of these critical skills from the domestic industry on account of international requirements. With this backdrop in mind, this paper aims at exploring the HRM challenges in the Upstream oil and gas industry. Attempt is also made to suggest solutions to the problems. The HRM challenges are explored through the key characteristics of the Industry such as Cyclical nature, Restructuring, Regulatory processes, Industry cycle stage and Workplace skills. For example, Continuous restructuring in response to competitive pressures and commodity price fluctuations will have long term impact on attracting and retaining skilled workers. The new entrants to the job market may frequently see the oil and gas business as one that does not offer long-term career stability and growth. This affects industry’s ability to attract and retain top-flight people. Regulatory processes also influence the business development and, therefore, employment opportunities. The Industry life cycle can also affect the HRM practices. For example, HR strategies at the beginning of the life cycle are managed differently from mature regions. Finally, the paper suggested some action points for the government, the organizations and the education sector.India Upstream Petrotechnical Training Services Market Segmentation Analysis:
Based on training mode, the India Upstream Petrotechnical Training Services market is segmented into operational and domain training. Domain training held the highest market share in 2018 owing to the oil and gas companies' necessity to provide employee training to improve their skills. Furthermore, technological advancement in the petrotechnical industry increases the demand for training to accept new procedures. Domain training is again segmented into geology & geophysics, petrophysics, geomechanics, field operations & management, reservoir engineering, drilling engineering, production engineering, economics & finance, surface facilities design and engineering. Operational training segment is expected to grow at the highest CAGR of XX% over the upcoming period due to the need for training is continuous with regulations and protocols put in place regularly to monitor illegal business activities, the safety of workers, and environment safety measures. Operational training is again segmented into information management, health, safety, and environment (HSE).India Upstream Petrotechnical Training Services Market Competitive landscape
Major Key players operating in this market are The Society of Petroleum Engineers, International Association of Drilling Contractors, The European Association of Geoscientists and Engineers, The Society of Exploration Geophysicists, and American Petroleum Institute. Manufacturers in the India Upstream Petrotechnical Training Services are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers. The objective of the report is to present a comprehensive analysis of India Upstream Petrotechnical Training Services Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding India Upstream Petrotechnical Training Services Market dynamics, structure by analyzing the market segments and project the India Upstream Petrotechnical Training Services Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the India Upstream Petrotechnical Training Services Market make the report investor’s guide.Scope of the India Upstream Petrotechnical Training Services Market: Inquire before buying
India Upstream Petrotechnical Training Services Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 265.60 Bn. Forecast Period 2021 to 2027 CAGR: 5.25 % Market Size in 2027: US $ 380 Bn. Segments Covered: by Training Type • Training Courses • Face-To-Face • In-House • Online • E-Learning • Simulator by Training Mode • Operational Training • Information Management • Health, Safety & Environment (HSE) • Domain Training • Geology & Geophysics • Petrophysics • Surface Facilities Design & Engineering • Geomechanics • Field Operations & Management • Reservoir Engagement • Drilling Engineering • Production Engineering • Economics & Finance by Upstream Sector • Exploration • Development • Production by End-User • National Oil Companies • Independent Oil Companies India Upstream Petrotechnical Training Services Market, Major Players:
• The Society of Petroleum Engineers • International Association of Drilling Contractors • The European Association of Geoscientists and Engineers • The Society of Exploration Geophysicists • American Petroleum Institute • Total S.A. • Royal Dutch Shell • Baker Hughes • Halliburton, • Intertek Group plc. • RPS Group PLC • PetroKnowledge • Novomet Group • Aucerna • International Human Resources Development Corporation • Asia Edge Pte Ltd • Petrofac Limited • Rigworld Training • Simtronics Corporation
India Upstream Petrotechnical Training Services Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: India Upstream Petrotechnical Training Services Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. India Upstream Petrotechnical Training Services Market Analysis and Forecast, by Training Type 6.1. Introduction and Definition 6.2. Key Findings 6.3. India Upstream Petrotechnical Training Services Market Value Share Analysis, by Training Type 6.4. India Upstream Petrotechnical Training Services Market Size (US$ Mn) Forecast, by Training Type 6.5. India Upstream Petrotechnical Training Services Market Analysis, by Training Type 6.6. India Upstream Petrotechnical Training Services Market Attractiveness Analysis, by Training Type 7. India Upstream Petrotechnical Training Services Market Analysis and Forecast, by Training Mode 7.1. Introduction and Definition 7.2. Key Findings 7.3. India Upstream Petrotechnical Training Services Market Value Share Analysis, by Training Mode 7.4. India Upstream Petrotechnical Training Services Market Size (US$ Mn) Forecast, by Training Mode 7.5. India Upstream Petrotechnical Training Services Market Analysis, by Training Mode 7.6. India Upstream Petrotechnical Training Services Market Attractiveness Analysis, by Training Mode 8. India Upstream Petrotechnical Training Services Market Analysis and Forecast, by Upstream Sector 8.1. Introduction and Definition 8.2. Key Findings 8.3. India Upstream Petrotechnical Training Services Market Value Share Analysis, by Upstream Sector 8.4. India Upstream Petrotechnical Training Services Market Size (US$ Mn) Forecast, by Upstream Sector 8.5. India Upstream Petrotechnical Training Services Market Analysis, by Upstream Sector 8.6. India Upstream Petrotechnical Training Services Market Attractiveness Analysis, by Upstream Sector 9. India Upstream Petrotechnical Training Services Market Analysis and Forecast, by End User 9.1. Introduction and Definition 9.2. Key Findings 9.3. India Upstream Petrotechnical Training Services Market Value Share Analysis, by End User 9.4. India Upstream Petrotechnical Training Services Market Size (US$ Mn) Forecast, by End User 9.5. India Upstream Petrotechnical Training Services Market Analysis, by End User 9.6. India Upstream Petrotechnical Training Services Market Attractiveness Analysis, by End User 10. India Upstream Petrotechnical Training Services Market Analysis 10.1. Key Findings 10.2. India Upstream Petrotechnical Training Services Market Overview 10.3. India Upstream Petrotechnical Training Services Market Forecast, by Training Type 10.3.1. Training Courses 10.3.1.1. Face-To-Face 10.3.1.2. In-House 10.3.1.3. Online 10.3.2. E-Learning 10.3.3. Simulator (Immersive Training) 10.4. India Upstream Petrotechnical Training Services Market Forecast, by Training Mode 10.4.1. Operational Training 10.4.1.1. Information Management 10.4.1.2. Health, Safety & Environment (HSE) 10.4.2. Domain Training 10.4.2.1. Geology & Geophysics 10.4.2.2. Petrophysics 10.4.2.3. Surface Facilities Design & Engineering 10.4.2.4. Geomechanics 10.4.2.5. Field Operations & Management 10.4.2.6. Reservoir Engagement 10.4.2.7. Drilling Engineering 10.4.2.8. Production Engineering 10.4.2.9. Economics & Finance 10.5. India Upstream Petrotechnical Training Services Market Forecast, by Upstream Sector 10.5.1. Exploration 10.5.2. Development 10.5.3. Production 10.6. India Upstream Petrotechnical Training Services Market Forecast, by End User 10.6.1. National Oil Companies 10.6.2. Independent Oil Companies 10.7. PEST Analysis 10.8. Key Trends 10.9. Key Developments 11. Company Profiles 11.1. Market Share Analysis, by Company 11.2. Competition Matrix 11.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 11.2.2. New Product Launches and Product Enhancements 11.2.3. Market Consolidation 11.2.3.1. M&A by Regions, Investment and Applications 11.2.3.2. M&A Key Players, Forward Integration and Backward Integration 11.3. Company Profiles: Key Players 11.3.1. The Society of Petroleum Engineers 11.3.1.1. Company Overview 11.3.1.2. Financial Overview 11.3.1.3. Product Portfolio 11.3.1.4. Business Strategy 11.3.1.5. Recent Developments 11.3.1.6. Company Footprint 11.3.2. International Association of Drilling Contractors 11.3.3. The European Association of Geoscientists and Engineers 11.3.4. The Society of Exploration Geophysicists 11.3.5. American Petroleum Institute 11.3.6. Total S.A. 11.3.7. Royal Dutch Shell 11.3.8. Baker Hughes 11.3.9. Halliburton, 11.3.10. Intertek Group plc. 11.3.11. RPS Group PLC 11.3.12. PetroKnowledge 11.3.13. Novomet Group 11.3.14. Aucerna 11.3.15. International Human Resources Development Corporation 11.3.16. Asia Edge Pte Ltd. 11.3.17. Petrofac Limited 11.3.18. Rigworld Training 11.3.19. Simtronics Corporation 12. Primary Key Insights