Global Geophysical Services Market Research 2020


Posted June 21, 2020 by Aashi_K

The global geophysical services market size was 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 survey may be carried out on ground surface or aerially to produce detailed mapping of an area. Geophysical survey is majorly used in oil & gas industry as well as metal & minerals to meet the growing demand for energy and metals, respectively. Hence, a geophysical survey is essential to discover valuable energy resources that may offer a lucrative market in the upcoming years.

LIST OF KEY COMPANIES COVERED:
Schlumberger
CGG
PGS
TGS
Halliburton
Fugro
COSL- China Oilfield Services Limited
Polarcus
Geokinetics, Inc.
SAExploration
Dawson Geophysical
Global Geophysical Services
ION Geophysical
Paradigm

“Increasing Demand for Technical Expertise For Discovering New Resources to Fuel the Market”

Fast-paced global economic development is resulting in an increasing demand for energy. Several companies seek technical expertise to precisely locate fossil fuel deposits. Geophysical services are being widely used in mining, oil & gas, agriculture, archaeology, and others to analyze the geological properties of the earth. The most important characteristic of geophysical service is that it is a non-destructive means and ideal for use in populated areas. The enormous population growth coupled with urbanization limits exploration activities. But with the help of geophysical service, detailed mapping of energy deposits can be carried out efficiently. It not only provides realistic information about the subsurface of the earth but also reduces the overall production cost by precisely locating minerals, metals, oil & gas, etc. Hence, substantial investment in the exploration of fossil fuel deposits may drive the geophysical services market growth.

The world is changing faster than ever before, driven by population growth, urbanization, technological change, and climate change, among others. Geophysical services play an important role in creating a safer and more liveable world. It is used for specific problem setting such as bedrock condition before an underground construction, mapping of natural resources, risk analysis of landslides, and mapping of contaminated sites. Geophysical mapping provides a full representation of how the physical properties vary region by region for cost-effective exploration of oil & gas as well as minerals & materials. Hence, the geophysical survey is widely used by oil & gas operators, mining industries, and archaeologists to get more authentic data beneath the earth.

About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Fortune Business Insights™
Phone US :+1 424 253 0390
Country United States
Categories Business , Reports , Services
Tags energy , geophysical , industry , market research , oil gas
Last Updated June 21, 2020