Japan Enhanced Oil Recovery (EOR) Market Size, Share, and COVID-19 Impact Analysis, By Technology (Thermal, Gas Injection, Chemical, and Others), By Application (Onshore and Offshore), and Japan Enhanced Oil Recovery (EOR) Market Insights, Industry Trend, Forecasts to 2035

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• The Japan Enhanced Oil Recovery (EOR) Market Size was Estimated at USD 3,192.56 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.37% from 2025 to 2035
• The Japan Enhanced Oil Recovery (EOR) Market Size is Expected to Reach USD 6,982.44 Million by 2035

The Japan Enhanced Oil Recovery (EOR) Market Size is Anticipated to Reach USD 6,982.44 Million by 2035, Growing at a CAGR of 7.37% from 2025 to 2035. 

Market Overview

The Japan enhanced oil recovery (EOR) market refers to the industry focused on advanced oil extraction techniques that improve the recovery rate of oil from mature or declining reservoirs. The growing demand for better oil recovery methods as a result of Japan's traditional oil fields maturing is one of the main factors propelling this industry. The market is growing as a result of the need for energy security and the use of sophisticated EOR techniques such chemical, thermal, and gas injection methods. Further propelling market expansion are anticipated to be technological developments and the increased emphasis on carbon capture and storage (CCS).

Report Coverage

This research report categorizes the market for the Japan enhanced oil recovery (EOR) market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan enhanced oil recovery (EOR) market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan enhanced oil recovery (EOR) market.

Driving Factors

The recovery of oil from existing reservoirs has naturally decreased as a result of Japan's indigenous oil fields being in production for decades. Over time, production at one of Japan's oldest oil fields, Niigata, has significantly decreased. Techniques known as enhanced oil recovery, or EOR, provide ways to revive these industries and increase their lifespans. More oil that would normally stay trapped in the reservoir can be extracted thanks to EOR methods including thermal recovery, chemical injection, and gas injection. For example, in certain well-established fields, gas injection techniques have been demonstrated to increase recovery rates by as much as 15%.  EOR techniques have emerged as a vital tactic to increase recovery rates, maintain domestic output, and lessen reliance on imported crude oil as Japan's oil production naturally declines as a result of the aging of its fields. Therefore, it is anticipated that the necessity to maximize oil output from established fields will lead to a sharp increase in demand for EOR techniques.

Restraining Factors

The high operating and initial investment costs of deploying enhanced oil recovery (EOR) technologies are one of the main issues facing the EOR business in Japan. Using sophisticated methods like CO2 injection, chemical flooding, and thermal recovery necessitates a large initial investment in infrastructure, technology, and equipment.

Market Segmentation

The Japan enhanced oil recovery (EOR) market share is classified into component and data center type.

• The thermal segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan enhanced oil recovery (EOR) market is segmented by technology into thermal, gas injection, chemical, and others. Among these, the thermal segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. One of the most extensively used technologies in Japan's oil fields, particularly for heavy oil reservoirs, is thermal EOR, which comprises steam injection and other heat-based techniques.

• The onshore segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan enhanced oil recovery (EOR) market is segmented by data center type into onshore and offshore. Among these, the onshore segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. EOR techniques are ideal for onshore oil fields since they are easier to reach and have existing infrastructure. This is particularly true in Japan, where a large number of domestic oil reservoirs are maturing.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan enhanced oil recovery (EOR) market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Japan Petroleum Exploration Co., Ltd. (JAPEX)
• Inpex Corporation
• Halliburton Company
• Schlumberger Limited
• Baker Hughes Company
• Chevron Corporation
• TotalEnergies SE
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan Enhanced Oil Recovery (EOR) Market based on the below-mentioned segments:

Japan Enhanced Oil Recovery (EOR) Market, By Technology

• Thermal
• Gas Injection
• Chemical
• Others

Japan Enhanced Oil Recovery (EOR) Market, By Application

• Onshore
• Offshore