Dublin, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The "Global Seismic Survey Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Seismic Survey market is anticipated to grow with a CAGR of 4.6% over the forecast period of 2019-2028. Seismic survey is a low impact, non-invasive method of gathering information about the situation and characteristics of geological structures beneath the Earth's surface. This information is employed to supply maps of structures identifying areas where gas deposits could also be found.
The seismic testing is administered by a specially configured truck that lowers a plate onto the surface. This plate generates an acoustic sound signal that's transmitted into the Earth's surface, which then reflects off the varied geological layers. The returning sounds waves are recorded by small microphones strung together that are laid along a predetermined and ready path called a seismic line. The increase in the new gas exploration and application of seismic survey in brownfield projects is expected to drive the market in the future.
Top Driver: Increasing New Gas Exploration to Drive the Market Widely
The rising incidences across the globe for new gas exploration is expected to drive the market immensely. The increasing demand for gas for various purposes for the rising population has lead to various exploration projects. Furthermore, for the process of mapping and locating prospective reserves of oil and gas is expected to anticipate the market growth immensely. The crisis of crude oil depletion is a major factor that demands seismic survey and hence is driving the market immensely.
3-D Imaging Segment to Drive the Market Widely
Based on the service the market is segmented into data processing, data acquisition and data interpretation. Based on technology, the market is segmented into 2-D imaging, 3-D imaging, 4-D imaging. The 3-D imaging is expected to drive the segment owing to the clear optimization and imaging. These images provide a clear idea about the area that has been explored. Therefore, this segment is expected to witness a high growth in the forecast period.
Advancement of Technology in North America is Driving the Market
North America accounted for the largest share in the market owing to the growing technological advancements in the region and presence of major market players. The North American region is expected to have huge untapped resources that may provide lucrative opportunities to market players. The Middle East is the largest source of oil and gas and hence this region is continuing to grow in the forecast period. Regions such as UAE, Kuwait, Oman etc. have known have abundant resources and are majorly driving the market.
Players to Focus on Mergers and Acquisitions to Maximize Profits
The global Seismic Survey market is expected to grow with a significant CAGR due to presence of various companies including, Companies General de Geophysique, Fugro N.V., Petroleum Geo-Services (PGS), Tomlinson Geophysical Services (TGS), SeaBird Exploration, PLC, Ion Geophysical Corporation, Pulse Seismic, Inc., Schlumberger Limited-WesternGeco, Global Geophysical Services, Inc., Kuwait Oil Company, and others which are developing new products to drive the market growth. The rising need to discover new shale explorations to fufill the demand of gas and oil across the globe is driving the key players to increase exploration projects.
Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
Key Topics Covered:
Chapter 1 Overview and Scope
Chapter 2 Our Research Practice
Chapter 3 Executive Summary
Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Seismic Survey Market Forces
5.1 What's Driving the Market
5.2 Porter's Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition
Chapter 6 Global Seismic Survey Market -Industry Snapshots
6.1 Overview
6.1.1 Global Seismic Survey Market Value, 2019 - 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis
Chapter 7 Global Seismic Survey Market Analysis, by Service
7.1 Overview
7.2 Key Findings for Seismic Survey Market- By Service
7.2.1 Seismic Survey Market- Data Acquisition
7.2.2 Seismic Survey Market- Data processing
7.2.3 Seismic Survey Market- Data interpretation
Chapter 8 Global Seismic Survey Market Analysis, by Technology
8.1 Overview
8.2 Key Findings for Seismic Survey Market- By Technology
8.2.1 Seismic Survey Market- 2-D Imaging
8.2.2 Seismic Survey Market- 3-D Imaging
8.2.3 Seismic Survey Market- 4-D Imaging
Chapter 9 Seismic Survey Market Analysis by Region
Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Key Vendors, 2019
10.1.2 Key Strategies Adopted by the Leading Players
10.1.3 Recent Developments
Chapter 11 Company Profiles- Snapshot
11.1 Companies General de Geophysique
11.1.1 Business Fundamentals
11.1.2 Financial Snapshots
11.1.3 Product Portfolio
11.1.4 Recent Developments
11.2 Fugro N.V.
11.3 Petroleum Geo-Services (PGS)
11.4 Tomlinson Geophysical Services (TGS)
11.5 SeaBird Exploration
11.6 PLC
11.7 Ion Geophysical Corporation
11.8 Pulse Seismic, Inc.
11.9 Schlumberger Limited
11.10 Global Geophysical Services, Inc
11.11 Kuwait Oil Company
Chapter 12 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ias1ib
