Adroit Market Research
Seismic Services Market Drivers, Restraints, Potential Growth Opportunities, Product Size, Application Estimation, Vendor Competitive Landscape, Trends and Forecast 2018-2025
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Seismic Services Market Size and Share-Global Forecast to 2025 • The global seismic services market is projected to obtain a value of USD xxx Billion by the end of 2025, growing with a x.x % CAGR. • The seismic services market size expanded with the strong demand from hydraulic fracturing, underground gas storage and mining, waste injections and exploration and production to monitor reservoir life. In accordance with these demands, advanced seismic technologies are evolving, seismic image production with high clarity and deliverance with acute efficiency, utmost speed and HSE sensitivity. The trending technology in which seismic services is gaining traction includes multi-client seismic projects and 4D survey technology across the globe.
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Seismic Services Market Size and Share-Global Forecast to 2025 • Globally, North America had the topmost seismic service market share in 2017. Shale explorations coupled with deep water exploration and offshore shallow water has propelled the demand for seismic survey. In January, TGS declared commencement of three 3D seismic projects in Sanderson, Dawson and West Hackberry in North America. • Europe has also shown optimistic growth backed with higher exploration activities to support the high energy demand. According to European Commission, “72.5% of all energy was produced from fossil fuel, including crude oil and natural gas in the EU-28 in 2015.” • The seismic service market of Asia-Pacific is expected to show higher growth in the future. According to the Australian Bureau of Statistics, “Mineral and Petroleum Exploration, total mineral exploration expenditure increased by 6.1% to US$ 201.28 million in December 2016 from previous year in Australia.” These widened expenditure are expected to drive the seismic services market of Asia Pacific. Along with that, demand for oil and gas is encouraging higher utilization of seismic services, which in turn fuelled market growth. According to International Energy Agency, “gas demand is expected to increase by 1.6% globally, from 2017 to 2022, with China contributing 40% to this growth. Also, consumption in China is expected to increase to 340 billion cubic meters by 2022.” Make an Enquire to buy This Report @ https://www.adroitmarketresearch.com/contacts/enquirybefore-buying/457 +1 (214) 884-6068
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Seismic Services Market Size and Share-Global Forecast to 2025 • Furthermore, Middle East and Africa are considered lucrative markets due to growing production activities and oil and gas exploration. According to the World Energy Council, “the natural gas reserves in Middle East was 80,040.9 billion cubic meters in 2015. Also, the oil demand in this region is estimated to grow by 1.4% between 2014 and 2020.” • Based on type of data acquisition, the global seismic services market is divided into Transition Zone Seismic Acquisition, Marine Seismic Acquisition and Land Seismic Acquisition. On the basis of services offered, the segmentation is extended into Data Acquisition, Data Interpretation and Data Processing. By technology, the global seismic services market categories is inclusive of 2D Imaging, 3D Imaging and 4D Imaging. The 3D segment generated the highest revenue as 3D seismic data is easier to comprehend and interpret and hence, used extensively for gathering seismic data. The fastest growing segment is 4D. Further segmentation based on component includes software, hardware and services. The major revenue generating segment is hardware and for seismic survey, required hardware includes geophones, hydrophones and seismic sources such as air gun, vibroseis and dynamite to generate the seismic waves. In forecast period, hardware segment is expected to grow fastest. • The key players of global seismic services market include BGP Inc., CGG SA, Fugro NV, Halliburton Co., Polarcus Limited, Schlumberger Ltd, Sigma Cubed Inc., WGP Group Ltd, Agile Seismic LLC, Petroleum Geo-Services ASA, Geokinetics Inc., ION Geophysical Corporation, SAExploration Holdings Inc., Seabird Exploration PLC, TGS Nopec Geophysical Co ASA and Spectrum ASA.
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Seismic Services Market Size and Share-Global Forecast to 2025 Key segments of ‘Global Seismic Services Market’ Based on technology type, the market has been segmented into,
2D Seismic Survey 3D Seismic Survey 4D Seismic Survey
Others The market breakdown on basis of application,
Oil and Gas Construction Mining
Others
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Seismic Services Market Size and Share-Global Forecast to 2025 • By type of data acquisition, the global seismic services market can be segmented as: • Land Seismic Acquisition • Marine Seismic Acquisition • Transition Zone Seismic Acquisition • By services offered, the global seismic services market can be segmented as: • Data Acquisition • Data Interpretation
• Data Processing
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Seismic Services Market Size and Share-Global Forecast to 2025 Based on region, the market has been segmented into, • North America (U.S., Canada) • Latin America (Mexico. Brazil) • Western Europe (Germany, Italy, France, U.K, Spain) • Eastern Europe (Poland, Russia) • Asia Pacific (China, India, ASEAN, Australia & New Zealand) • Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more.
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