Press release
Global Exploration Services Market Research Report 2023
The global Exploration Services market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.The key global companies of Exploration Services include Calibre Group, Wood Mackenzie, SGS, Xploration Services Greenland, Aurum Global Exploration, Longford Exploration Services, PT ANTAM Tbk, Euro Exploration Services and DMT GROUP, etc.
The exploration services market refers to a sector within the global economy that provides services related to exploration activities in various industries. These services are primarily focused on discovering and evaluating new resources, such as oil and gas deposits, minerals, metals, and other natural resources.
Exploration services encompass a range of activities, including geological surveys, geophysical surveys, remote sensing, drilling operations, sample analysis, data interpretation, and resource estimation. The objective is to assess the potential of an area or a site for commercial extraction and determine the viability of investment in further exploration and development.
The exploration services market serves several industries, including:
Oil and Gas: Exploration companies in the oil and gas sector rely heavily on exploration services to identify new reserves, estimate their size and value, and plan for extraction operations. These services help in reducing exploration risks and optimizing the investment in drilling and production activities.
Mining: The mining industry relies on exploration services to identify and evaluate mineral deposits, such as gold, copper, coal, iron ore, and rare earth metals. Geological and geophysical surveys, along with drilling and sample analysis, assist in determining the presence, quality, and quantity of mineral resources.
Renewable Energy: With the increasing focus on renewable energy sources, exploration services are also utilized to identify and assess potential sites for renewable energy projects, such as wind farms, solar power installations, and geothermal energy resources.
Environmental and Geotechnical Studies: Exploration services are often employed for environmental and geotechnical studies, such as assessing the feasibility of construction projects, evaluating the impact on ecosystems, and investigating potential environmental risks associated with industrial activities.
The exploration services market is typically comprised of specialized companies, consultants, and contractors that offer a range of expertise and technologies required for exploration projects. These services are often provided on a project basis, and the market is influenced by factors such as commodity prices, technological advancements, regulatory environments, and global demand for resources.
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Key Segmentations
By Company
Calibre Group
Wood Mackenzie
SGS
Xploration Services Greenland
Aurum Global Exploration
Longford Exploration Services
PT ANTAM Tbk
Euro Exploration Services
DMT GROUP
Equity Exploration
RSC Geological Consultants
SEMS Exploration
RES
SRK
Aakash Exploration Services
HEG & Associates Exploration Services
Gnomic Exploration Services
Bureau Veritas
Southwest Exploration Services
PT Geoservices
Aurora Exploration Services
CSA Global
Terracon
Terrane Geoscience
Ex Libris
Schlumberger
Mitchell Services
Wardell Armstrong
Segment by Type
Exploration Management
Geological and Technical Field Services
GIS Services
Others
Segment by Application
Oil & Gas
Mining
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
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SIMILAR REPORTS
https://reports.valuates.com/market-reports/QYRE-Auto-36Y14011/global-geophysical-surveying-services
https://reports.valuates.com/market-reports/QYRE-Auto-24U9564/global-rotary-drilling-hoses
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