Global geophysical equipment market is
predicted to witness a steady growth during forecast period. Clean energy
transition is driving demand for metals and minerals, which is expected to result
in rising need for geophysical equipment and services. Geophysical studies can
be considered as a great tool as it can enable exploration teams to have remote
access to a vast variety of data in a fraction of seconds. Geophysical
equipment enable geologists to utilize technology and fetch accurate data in a
much lesser period of time. There are various applications of geophysical, however,
it is widely used in oil & gas industry. As a part of oil & gas
industry, it is also used in subsea systems. Additionally, maturation of old
hydrocarbon reserves and fall in rig counts is expected to propel exploration
activities, which in turn, would drive geophysical equipment market across
various regions.
In terms of equipment type,
geophysical equipment market is categorized into electrical resistivity,
electromagnetic, seismic and others. Among these, seismic accounted for a
significant share of the market in 2018. However, electromagnetic equipment
type is predicted to grow at a steady pace during the forecast period.
Among regions, the market for geophysical
equipment is categorized into North America, Europe, South America,
Asia-Pacific and Middle East & Africa. Of all, Middle East and Africa and
South America are anticipated to show a healthy growth during forecast period
on account of increasing oil and gas exploration activities in the regions.
Developments and innovations in
products and technologies are the basic trends in global geophysical equipment
market. Some
of the major players operating in global geophysical equipment are Phoenix
Geophysics, IRIS Instruments, Geotech Ltd., Sercel SA, CSA Global, Ramboll
Group A/S, Dawson Geophysical Inc. among others.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast global geophysical equipment market size.
- To forecast global geophysical
equipment market based on equipment type, end user and regional
distribution.
- To identify drivers and challenges for global geophysical equipment
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global geophysical
equipment market.
- To conduct pricing analysis for global geophysical equipment market.
- To identify and analyze the profile of leading players operating in
global geophysical equipment market.
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Some of the leading players in the global Geophysical
Equipment market are Phoenix Geophysics, IRIS Instruments, Geotech Ltd., Sercel
SA, CSA Global, Ramboll Group A/S, DMT, Dawson Geophysical Inc., Geoex Ltd.,
Schlumberger Limited, BGP Inc. etc.
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list of
geophysical equipment manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research was able to include the developers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the product offerings, distribution channels and presence of all
major manufacturers across the globe.
TechSci
Research calculated global geophysical equipment market size using a top
down approach, wherein data for various application
across various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target
Audience:
- Geophysical
equipment stakeholders
- Geophysical
equipment end-user industries
- Organizations,
forums and alliances related to geophysical equipment market
- Market
research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as equipment manufacturers,
partners and end users. The study would also help them in identifying which
market segments should be targeted over the coming years in order to strategize
investments and capitalize on growth of the market.
Report Scope:
In this report, global geophysical
equipment market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, Equipment Type
- Electrical
Resistivity
- Electromagnetic
- Seismic
- Others
- Market, End User
- Mining
- Oil & Gas Exploration
- Geothermal Exploration
- Groundwater Exploration
- Others
- Deep Crustal Research
- Earthquake Prediction Research
- Market, by Region:
- Asia-Pacific
- China
- India
- Malaysia
- Australia
- Indonesia
- Japan
- Europe & CIS
- United Kingdom
- Russia
- Italy
- Norway
- Germany
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Iraq
- Saudi Arabia
- Iran
- Algeria
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global geophysical equipment market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect sales
channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com