Geophysical Service Market Share, Size, Global Business Growth, Industry Revenue, Demand and Applications Market Research Report to 2026

Posted on Jun 20 2022 4:41 AM

"Key Companies Covered in Geophysical Service Market Research Report Are Schlumberger, CGG, PGS, TGS, Halliburton, Fugro, COSL- China Oilfield Services Limited, Polarcus, Geokinetics, Inc., SAExploration, Dawson Geophysical, Global Geophysical Services, Ion Geophysical, Paradigm. "

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.

The Geophysical Service Market 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 2026 is latest study published by Fortune Business Insights.The Geophysical Service Market Growth rate or CAGR exhibited by a market for a given forecast period is calculated based on various factors and their level of impact on the market.

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Key Industry Development: 

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.

Geophysical Service Market Report Scope: 

REPORT ATTRIBUTE DETAILS
Market size available for years 2022-2026
CAGR Value   6.6%
Base year considered 2021
Historical data 2018-2020
Forecast Period 2022-2026
Quantitative units Revenue in USD million and CAGR from 2022-20261
Segments Covered Types, Applications, End-Users, and more.
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Customization scope Report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options

 

Industry Globalization Drivers:

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 Geophysical Service Market COVID-19 influence analysis:

  • Pre & post COVID-19 market size
  • A qualitative investigation of the long-term & short term influence of COVID-19 on the industry
  • The analysis provides the main approaches adopted by competitors to minimize the impact of the epidemics on their enterprise activities & scope for future developments.

Stepping into a Post-COVID Economy: How Energy and Power Industry Will Play an Essential Role in its Recovery. Request Sample Copy

The study provides analysis on market participants including:

  • Schlumberger
  • CGG
  • PGS
  • TGS
  • Halliburton
  • Fugro
  • COSL- China Oilfield Services Limited
  • Polarcus
  • Geokinetics, Inc.
  • SAExploration
  • Dawson Geophysical
  • Global Geophysical Services
  • Ion Geophysical
  • Paradigm

 

Segmental Outlook

Key segments, including types and applications, were detailed in this report. Consultants of verified market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period and forecast period(2022-2026).

Highlights of the Report:

Industry Overview: The first section of the research study covers an overview of the global Geophysical Service Market,market status and prospects,and product range. In addition,it provides highlights of the major segments of the global Geophysical Service Market,i.e. region, type and application segments.

 Competitive Analysis:This report illuminates important mergers and acquisitions,business expansion,product or service differences,market concentration,competitive status of the global Geophysical Service Market, and market size by player.

Company Profiles and Key Data:This section covers companies profiling the major players in the global Geophysical Service Market based on the aforementioned revenue,products,business and other factors.

 Market size by type and application:In addition to providing in-depth analysis of the global Geophysical Service Market size by type and application,this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends and opportunities of the global Geophysical Service Market. This section also includes Porter's analysis of five forces.

 Findings and Conclusions:It provides strong recommendations for new as well as established players for securing a position of strength in the global Geophysical Service Market.

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Detailed TOC of Global Geophysical Service Market Report 2022

Geophysical Service Market Introduction and Market Overview

  • Objectives of the Study
  • Overview of Geophysical Service Market
  • Geophysical Service Market Market Scope and Market Size Estimation
  • Market Concentration Ratio and Market Maturity Analysis
  • Global Geophysical Service Market Revenue and Growth Rate

 Market Segmentation

  • Types of Geophysical Service Market
  • Applications of Geophysical Service Market
  • Research Regions
  • Market Dynamics
  • Geophysical Service Market Industry Trends
  • Geophysical Service Market Drivers
  • Geophysical Service Market Market Challenges
  • Geophysical Service Market Market Restraints
  • Industry News and Policies by Regions
  • Industry News
  • Industry Policies
  • Mergers & Acquisitions, Expansion Plans
  • Geophysical Service Market Development Trends under COVID-9 Outbreak
  • Global COVID-9 Status Overview
  • Influence of COVID-9 Outbreak on Geophysical Service Market Industry Development

Industry Chain Analysis

  • Upstream Raw Material Supply and Demand Analysis
  • Global Geophysical Service Market Major Upstream Raw Material and Suppliers
  • Raw Material Source Analysis
  • Major Players of Geophysical Service Market
  • Major Players Manufacturing Base of Geophysical Service Market in 2026
  • Major Players Market Distribution in 2026
  • Geophysical Service Market Manufacturing Cost Structure Analysis
  • Production Process Analysis
  • Manufacturing Cost Structure of Geophysical Service Market
  • Market Channel Analysis of Geophysical Service Market
  • Major Down Stream Customers by Application

Continued….

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