Global seismic services market, by service (data acquisition, data processing and interpretation), by technology (2D imaging, 3D imaging and 4D imaging), by location of deployment (onshore, offshore), by application (construction, petroleum and Gas, Mining, Others) by Region, Competition Forecast and Opportunities, 2017-2027
New York, April 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Seismic Services Market, By Service, By Technology, By Deployment Location, By Application, By Region, Competition Forecast and Opportunities, 2017-2027” – https://www.reportlinker.com/p06267919/?utm_source=GNW
The global seismic services market is expected to grow at a significant rate during the forecast period. The growth of the market can be attributed to the growing use of seismic services for petroleum and ongoing technological advancements.
Seismic services are used to create a 2D and 3D image of the earth’s crust and ocean floor to find oil and gas reserves deep inside the earth’s surface. Seismic data is crucial to reduce the risk of drilling process and reduce the environmental impact and the need for other exploration activities.
Rising use of oil and gas for various applications and surge in infrastructure development and construction activities are expected to fuel the global demand for seismic services market during the forecast period. The main government authorities are introducing programs and policies for the rapid development of the infrastructure of railway networks, airways, residential and commercial spaces.
Thus, the continuous development of construction activities propels the growth of the global seismic services market. Market players are investing heavily in the research and development activities to come up with innovative and affordable technologies for better mapping and image quality which is expected to fuel the growth of the global seismic services market over the period of forecast. High resolution 3D design, multi-component 3D acquisition, wireless 2D and 3D seismic recording systems are some of the advanced features introduced by market players, which is accelerating the adoption of seismic services.
The global seismic services market is segmented by service, technology, deployment location, application, regional distribution, and competitive landscape. On the basis of service, the market is divided into data acquisition, data processing, and interpretation.
The data acquisition segment is expected to hold the largest share in the global seismic services market due to the growing need to find new oil and gas reserves. Based on technology, the market is divided into 2D imaging, 3D imaging, and 4D imaging.
The 3D imaging segment is expected to lead the market over the forecast period due to high demand from oil and gas companies and solve problems, reduce production risk, etc.
The major players operating in the global seismic services market are Agile Seismic LLC, Amerapex Corporation, Asian Energy Services Ltd, China National Petroleum Corporation, China Oilfield Services Limited, Echo Seismic Ltd., Halliburton Company, Pulse Seismic Inc., Schlumberger Limited, Seabird Exploration, etc.
Years considered for this report:
Historical years: 2017-2020
Base year: 2021
Estimated year: 2022
Forecast period: 2023-2027
Goal of the study:
• To analyze the historical growth of the global seismic services market size from 2017 to 2021.
• Estimate and forecast the global Seismic Services market size from 2022 to 2027 and the growth rate till 2027.
• To classify and forecast the global Seismic Services Market based on product type, application, fuel type, region and competitive landscape.
• Identify the dominant region or segment in the global seismic services market.
• Identify drivers and challenges for the global seismic services market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global seismic services market.
• Identify and analyze the profile of key players operating in the global seismic services market.
• To identify the key sustainable strategies adopted by market players in the global Seismic Services Market.
In this report, the global seismic services market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Seismic services market, by service:
o Data acquisition
o Data processing and interpretation
• Seismic services market, by technology:
o 2D imaging
o 3D imaging
o 4D imaging
• Seismic services market, by location of deployment:
o On the ground
• Seismic services market, by application:
o Oil and gas
• Seismic services market, by region:
o North America
o South America
o Middle East and Africa
United Arab Emirates
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst sourced a list of manufacturers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, TechSci Research was unable to include manufacturers that could not be identified due to secondary research limitations. The analyst looked at the manufacturers, distribution channels and presence of all major players across the country.
The analyst has calculated the global seismic services market size using a bottom-up approach, in which data from various end-user segments has been recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data for these types of products to derive 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 the analyst.
Key target audience:
• Seismic service provider companies/partners
• End users
• Government bodies such as regulators and policy makers
• Organizations, industry associations, forums and alliances related to the global seismic services market
The study is helpful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners, end users, etc. in addition to allowing them to develop investment strategies and capitalize on market opportunities.
Company Profiles: Detailed analysis of the major companies present in the global seismic services market.
With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06267919/?utm_source=GNW
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