Press release
Geophysical Services Market 2021: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2030
Geophysical Services Market
The geophysical services market report describes and explains the global geophysical services market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The geophysical services market consists of the sales of geophysical services and related goods by entities (organizations, sole traders and partnerships) that locate and measure the extent of subsurface resources, such as oil, gas, and minerals, and also conduct surveys for engineering purposes. The surveying techniques include magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. Only goods and services traded between entities or sold to end consumers are included.
The global geophysical services market is expected to grow from $8.69 billion in 2020 to $9.38 billion in 2021 at a compound annual growth rate (CAGR) of 7.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.74 billion in 2025 at a CAGR of 0.9%.
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Some of the major players of the geophysical services market are Schlumberger, TGS Geophysical Company (UK) Ltd, CGG Geoscience company, Ion Geophysical, Polarcus Ltd, Geokinetics, Halliburton Company, Dawson Geophysical Services, EON Geosciences Inc., Geophysical Survey Systems Inc., Phoenix Geophysics, Sea Geo Surveys Pvt Ltd., Spectrum Geophysics, Geotech Surveys, P.G.S., BGP Inc., Fugro, SA Exploration, Seabird Exploration, EMGS, Geospace Technologies, COSL-China Oilfield Services Limited, New Resolution Geophysics (NRG), Paradigm, Ramboll Group AS, Sercel SA, IRIS Instruments, DMT Gmbh and Co.KG., Petroleum Geo Services, Geoex Ltd, IG Seismic Services.
The countries covered in the global geophysical services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global geophysical services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global geophysical services market is segmented -
1) By Survey Type: Land, Marine, Aerial
2) By Technology: Seismic, Magnetic, Gravity, Electromagnetic, Lidar, Ground Penetrating, Others
3) By Application: Road, Rail, Port, Airport, Pipeline, Others
4) By End User: Agriculture, Environment, Minerals And Mining, Oil And Gas, Water Exploration, Others
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Few Points From Table Of Content
1. Executive Summary
2. Geophysical Services Market Characteristics
3. Geophysical Services Market Trends And Strategies
4. Impact Of Covid-19 On Geophysical Services
5. Geophysical Services Market Size And Growth
.....
27. Geophysical Services Market Competitive Landscape And Company Profiles
28. Geophysical Services Pipeline Analysis
29. Key Mergers And Acquisitions In The Geophysical Services Market
30. Geophysical Services Market Future Outlook And Potential Analysis
31. Appendix
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