Press release
Geophysical Service Market 2022 by Companies, Key Applications, Industry Growth, Competitor Analysis, New Technology, Trends and Forecast 2029
The global geophysical services market size stood at USD 14.43 Billion in 2018 and is projected to reach USD 20.59 Billion by 2026, exhibiting a CAGR of 4.6% during the forecast period. | 2022 Energy And Power Industry Global Analysis by Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2029 is latest study published by Fortune Business Insights.Request a Sample Copy of Geophysical Service Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/100105
Major Geophysical Service Market Manufacturers covered in the market report include:
Schlumberger
CGG
PGS
TGS
Halliburton
Fugro
COSL- China Oilfield Services Limited
Polarcus
Geokinetics, Inc.
SAExploration
Dawson Geophysical
Global Geophysical Services
Ion Geophysical
Paradigm
Global Geophysical Service Market Highlights:
Heightened Demand for Technical Expertise for Survey Activities to Fuel the Market
Detection of subsurface fossil fuel deposits requires specialized knowledge and expertise, which is becoming the focus of attention for most companies in this market. Increasing demand for energy as a result of rapid global economic development is expected to augment the demand for geophysical services. A distinct advantage that these services is that they are largely non-destructive in nature and are therefore, ideal for use in populated areas. Moreover, they are efficient in surveying widespread areas for mining, agriculture, and oil and gas, which is causing a rise in their adoption. Thus, growing investment in subsurface exploration activities will bode well for the Geophysical Service Market growth during the forecast period.
North America to Lead the Pack; Growth in Asia-Pacific to be Sturdy
With a revenue generation of USD 5.51 billion in 2018, North America is expected to lead the Geophysical Service Market share. This will be a result of increased hydrocarbon exploration and production activities in the US and Canada. In Asia-Pacific, growth will mainly be driven by rising investment by China in oil and gas production and by India in its mining and oil and gas industries. In the Middle East, rising focus on upscaling hydrocarbon production will propel the market in the region. Large-scale availability of crucial mineral ores and increasing extraction activities will favor the market in Latin America, says the Geophysical Service Market forecast of Fortune Business Insights.
The report for Global Geophysical Service Market Revenue of Fortune Business Insights covers extensive primary research.The information is gathered from primary and secondary sources and validated by industry professionals. Interviews with analysts and industry professionals, and suppliers and distributors are among the major sources. Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Furthermore, Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements.
Impact of COVID-19 on Geophysical Service Market:
This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends.
Crucial pointers from COVID-19 case studies:
Impact of COVID-19 on socio-economic status at regional and global scale.
Demand share and supply chain variations.
Business setup before and after the pandemic.
Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/100105
Geophysical Service Market Regional Analysis:
Moreover, This report focuses on Geophysical Service Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Highlights of the Report:
The report provides an analysis of the product range of the Geophysical Service Market. Details regarding price trends and production volume are offered in the report.
The report also mentions market share accrued by each product in the Geophysical Service Market , along with the production growth. The research report also involves industry concentration rate with reference to the raw materials.
Information related to the market share gained by each application, along with data of product consumption and estimated growth rate to be registered by each application is inculcated in the report
The study provides a thorough evaluation of the marketing strategy portfolio consisting several marketing channels that manufacturers implement to endorse their products.
The report also offers data regarding the market position and marketing channel development trends. As per market position, the report also points on branding, pricing strategies, and target.
Distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report. Manufacturing cost along with details of the labour costs is mentioned in the report.
Key questions answered in the report:
What will the market growth rate of Geophysical Service Market in 2029?
What are the key factors driving the global Market?
Who are the key manufacturers in space?
What are the market opportunities, market risk and market overview of the Global Market?
What are sales, revenue, and price analysis of top manufacturers of Global Market?
Geophysical Service Market Industry Competitive Analysis:
June 2018: SAExploration, Inc. acquired certain assets of the almost bankrupt Geokinetics, Inc. with the aim of enhancing their seismic data collection capacities and strengthening their logistical services. The acquisition will also increase SAExploration's machinery and equipment stock.
November 2019: ION Geophysical Corporation was awarded a two-year contract by Saudi Arabia-based ARGAS for seabed nodal data collection and processing purposes. This will enable ION to enter the market in the Middle East and expand its operations in the region.
Market Segmentations:
By Survey Type
Aerial-based
Land-based
By Technology
Seismic
Magnetic
Gradiometry
Gravity
Electromagnetic
Hyperspectral
Resistivity
LIDAR
By End-User
Oil & Gas
Minerals & Mining
Agriculture
Water Exploration
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
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