Seismic Vessels Market to Witness Significant Incremental Opportunity During 2017 - 2026

The global Seismic Vessels Market is expected to reach a value of over US$ 2,548.84 Mn by the end of forecast period, registering a CAGR of 10.5% for the period between 2018 and 2026

The oil & gas industry is one of the main economic drivers for both developed and developing economies. The rise in population and urbanization has led to a significant increase in the demand for energy and has been compelling Exploration & Production (E&P) companies to discover new oil & gas reserves. This quest for new reserves has propelled offshore exploration, which holds a major share of untapped oil & gas reserves in the world today.

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Seismic vessels play an important role in offshore exploration, due to their capability to pin-point the exact location for oil & gas drilling. Seismic vessels acquire subsea data in the form of 2D, 3D and 4D and provide detailed information on the location and behavior of oil & gas reserves.

The seismic vessels market has been tracked by evaluating the installed base of seismic vessels of major geophysical companies. The seismic vessels market report covers a detailed analysis of major manufacturers. The market dynamics have also been covered in detail wherein the factors expected to drive growth in demand are studied and the major challenges faced by manufacturers and geophysical companies have also been covered.

The ongoing developments and the major trends in the seismic vessels market have also been studied thoroughly and validated with industry experts in order to make a relevant forecast.

Key Players:

The report has profiled some of the Important players prevalent in the global like - Drydocks World, Ulstein Group, Hijos de J.Barreras, Mitsubishi Heavy Industries, Ltd and Kleven Maritime AS and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Seismic Vessels.

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Factors Driving the Seismic Vessels Market

Increased energy demand is expected to directly impact the growth of the seismic vessels market. Growth in population and urbanization is expected to drive the global energy demand and in turn fuel the need to find new oil & gas reserves. Rise in oil prices is compelling E&P companies to invest more in exploration activities, which is expected to contribute towards the growth of the seismic vessels market.

Peak oil production in a large number of oil & gas fields worldwide has resulted in a decline of total oil production, driving the need to find new oil & gas reserves, which is driving the growth of the seismic vessels market.

Global Seismic Vessels Market Analysis by Depth

On the basis of depth, the seismic vessels market has been segmented into shallow water and deep water. The deep water segment is expected to hold majority of the market share in the global seismic vessels market while the shallow water segment is project to hold a significant market share.

Global Seismic Vessels Market Analysis by Acquisition Type

Among the segments by acquisition type, the global seismic vessels market is anticipated to be dominated by 4C/4D segment. 4D seismic survey provides reservoir data in time dimension, enabling surveyors to learn historical reservoir data as well as predicting the future behavior of the reservoir. However, the 3D segment is also projected to hold a major share as it is one of the most widely used seismic survey types in the world.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Seismic Vessels Market Manufacturers
Seismic Vessels Market Distributors/Traders/Wholesalers
Seismic Vessels Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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This release was published on openPR.