The integrated geophysical services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Integrated Geophysical Services Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The integrated geophysical services market size has grown strongly in recent
years. It will grow from $2.26 billion in 2023 to $2.38 billion in 2024 at a
compound annual growth rate (CAGR) of 5.2%.
The growth in the historic period
can be attributed to resource exploration needs, energy sector requirements,
infrastructure development, government investments, risk mitigation &
disaster planning.
The integrated geophysical services market size is expected to see steady
growth in the next few years. It will grow to $2.89 billion in 2028 at a
compound annual growth rate (CAGR) of 5.0%.
The growth in the forecast period can be attributed to data analytics
advancements, renewable energy expansion,remote sensing technologies,
resilience planning & disaster management, space exploration &
planetary geophysics. Major trends in the forecast period include advanced
sensor integration , increased use of unmanned aerial vehicles,
climate-resilient infrastructure studies, data visualization technology
advancements, adoption of big data and cloud computing.
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Scope Of Integrated Geophysical Services Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Integrated Geophysical Services Market Overview
Market Drivers -
Increasing demand for oil and gas has contributed to the growth of the
integrated geophysical services market. For instance, in March 2023, according
to the US Energy Information Administration, a US-based government agency,
there was crude oil output with 12.4 million Barrels per day (b/d) in 2023 from
11.7 million Barrels per day (b/d) in 2022 in US. Additionally, in September
2022, the average daily consumption of natural gas in the US was 86.6 billion
cubic feet (Bcf/d) in 2022, which was the highest annual consumption of natural
gas compared to the previous year..The increasing consumption of oil and gas is
driving the demand for integrated geophysical services market. This is because
integration between different oil and gas exploration methods such as
archaeological surveys and remote sensing from aerial platforms and satellites
obtains required geological information and evaluates core samples or cuttings.
The sub-surface analysis is important for accurate reservoir and flow
modelling, leading to more informed production decisions and the ability to
produce more energy. The increasing demand for oil and gas is therefore driving
the growth in integrated geophysical services market.
The integrated geophysical services market covered in this report is segmented
–
1) By Method: Vertical Electrical Sounding, Electrical Resistivity Tomography
(ERT), Seismic refraction, Microgravity survey with differential GPS, Magnetic
profiles, Induced polarization, 2D seismic prospection (refraction tomography
and reflection sections), Ground penetrating radar (GPR)
2) By Application: Infrastructure and building constructions, Offshore wind
farm surveys, Offshore cable tracking surveys, Mineral exploration and mining
engineering, Natural resources and energy, Water resource, environment and
waste management, Archaeological surveys
3) By Survey Type: Aerial-based, Land-based
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Regional Insights -
North America was the largest region in the integrated geophysical services
market in 2023. Western Europe was the second largest region in the integrated
geophysical services market. The regions covered in the integrated geophysical
services market report are Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, Middle East, Africa
Key Companies -
Major companies operating in the integrated geophysical services market include
CGS, Halliburton Company, Polarcus Limited, Geokinetics Inc., Petroleum
Geo-Services ASA, WesternGeco LLC (a subsidiary of Schlumberger Limited), TGS
Geophysical Company (UK) Limited, La Compagnie Générale de Géophysique SA, Ion
Geophysical Corporation, Dawson Geophysical Company, EON Geosciences Inc.,
Geophysical Survey Systems Inc., Phoenix Geophysics Limited, Sea Geo Surveys
Pvt Ltd., Spectrum Geophysics Ltd., Geotech Survey Consultancy, BGP Inc.,
Foundation Technology & Soil Mechanics Inc., SAExploration Holdings Inc.,
SeaBird Exploration PLC, Education Malaysia Global Services, OYO Geospace
Corporation, COSL-China Oilfield Services Ltd., New Resolution Geophysics LLC,
Shearwater GeoServices AS, Sercel SA, Ramboll Group A/S, IRIS Instruments
S.A.S., DMT GmbH & Co KG
Table of Contents
1. Executive Summary
2. Integrated Geophysical Services Market Report Structure
3. Integrated Geophysical Services Market Trends And Strategies
4. Integrated Geophysical Services Market – Macro Economic Scenario
5. Integrated Geophysical Services Market Size And Growth
…..
27. Integrated Geophysical Services Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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