(MENAFN- The Expresswire) Seismic Services Market 2020 Industry Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast By 360 Market Updates
Posted on Jul 7 2020 5:02 AM
"A collective analysis on 'Seismic Services market' by 360 Market Updates, offers an exhaustive study based on current trends influencing this vertical throughout assorted geographies. Key information regarding market size, market share, statistics, application, and revenue are in the research to develop an ensemble prediction. In addition, this research offers a detailed competitive analysis focusing on business outlook emphasizing expansion strategies accepted by market majors.
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Global "Seismic Services Market" Report 2020 offers a comprehensive breakdown of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Seismic Services in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India.Seismic Services Market report categorizes the market based on manufacturers, regions, type and application. This report also studies the worldwide market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Seismic Services Market size (value and volume) by players, regions, product types and end industries, history data 2020 and forecast data 2024. Also, Seismic Services Market is expected to grow at a CAGR of 5.1% during the forecast period of (2020 2024). And report provides a complete market overview, list of top manufactures, scope of the report, key market trends of Seismic Services market, and main aspect about the report- why should you buy this research report? so don't miss it.
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Seismic Services Market summary:
The market for seismic services is expected to grow at a CAGR of 5.10% during the forecast period of 2020 2024. After four years of cutbacks, major players in the oil and gas industry expect the investments to rise in 2020, as more projects are approved to meet the increasing energy demand and crude oil price revives. Hence, in response to the situation, since 2018, the spending on exploration activities has increased, in turn, driving the seismic services market. However, opposition from the environmental conservation groups to marine seismic activities are likely to obstruct the market growth during the forecast period.
- Offshore segment accounts for the largest share in the seismic services market owing to the data which has have much higher quality, due to a number of favorable conditions, when compared with onshore.
- Land-based and shallow water oil fields have reached their maturity, and there is little scope for any new field discovery in these areas. Therefore, development of deepwater and ultra-deepwater water reserves create significant opportunity for the seismic services market in the future.
- North America dominated the market across the globe as the region witnessed increasing offshore exploration in the regions, such as the Gulf of Mexico (GoM).
The Global Seismic Services market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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With tables and figures helping analyze worldwide Global Seismic Services market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
List of Top Key-players/Leading Manufacturers of Seismic Services Market Size:
- Halliburton Company
- BGP Inc.
- China National Petroleum Corporation
- CGG SA
- Fugro NV
- ION Geophysical Corporation
- PGS ASA
- Polarcus Ltd
- SAExploration Holdings Inc
- Schlumberger Ltd
- SeaBird Exploration Plc
- Shearwater GeoServices AS
- TGS NOPEC Geophysical Co. ASA
- Magseis Fairfield ASA (WGP Group Ltd)
- China Oilfield Services Limited
Scope of the Seismic Services Market Report:
Global Seismic Services Market is segmented by product type, distribution channel, and region. Based on the product, the market is segmented fruit-based Seismic Services and dairy-based Seismic Services. Fruit-based Seismic Services hold the largest market share and is expected to be the fastest growing segment in the Seismic Services market. On the basis of the distribution channel, the market is segmented into supermarkets/hypermarkets, restaurants, smoothie bars, convenience stores, and others. Moreover, the study provides an analysis of the Seismic Services market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Key Trends of Seismic Services Market:
Increasing Demand from Offshore Oil and Gas Industry
- Offshore segment accounts for the largest share in the seismic services market. Offshore seismic data usually have much higher quality compared to that of onshore, due to a number of favorable conditions, including repeatable and consistent sources, good conditions for coupling at sources and receivers, and the uniform property of water as the medium.456- In early 2019, BP uncovered new resources in its Gulf of Mexico operations, with an additional 1 billion barrels of oil at its Thunder Horse field, and an additional 400 million barrels of oil at the Atlantis field, with the help of Wolfspar seismic technology.456- The Norwegian Petroleum Directorate has estimated that around 47% of all the remaining resources on the shelf is still undiscovered. Adding to this, there are around 350 undeveloped discoveries in the United Kingdom Continental Shelf (UKCS) containing 3.2 billion barrels of oil equivalent (bboe).456- Therefore, factors such as increasing exploration and production (E & P) activities in the deepwater and ultra-deepwater reserves and increasing efforts by the oil and gas majors to tap the undiscovered reserves are expected to drive the offshore seismic services market.
North America to Dominate the Market
- North America witnessed increasing offshore exploration in the regions, such as the Gulf of Mexico (GoM). GoM has widespread untapped resources, which creates opportunities for the oil and gas exploration companies. Thus, explorations in this region drive the seismic services market.456- During the beginning of 2018, the Trump administration allowed new offshore oil and gas exploration and development activity, in nearly all the US coastal waters, opening more than a billion acre in the Arctic, and along the Eastern Seaboard.456- However, the plan has been stalled for several months, mainly due to protest from several states blocking Donald Trump's order, to lift a ban on energy leasing in Arctic waters. Such a scenario has held the potential growth of seismic services in the country, especially in the offshore sector456- After months of delay in November 2018, the Trump administration announced that it had approved seismic testing for oil and natural reserves, along the US East Coast.456- Recent discoveries in offshore Mexico are estimated to be much larger than recent finds in the US GoM, at comparable depths. Such factors have been attracting foreign companies to invest in Mexico's oil and gas exploration sector, and in turn, driving the demand for seismic services.456- The offshore oil and gas sector is offering a better market for seismic service, when compared to the onshore oil and gas sector in Canada. In 2018, Newfoundland and Labrador Offshore Petroleum Board offered exploration license for 16 parcels, totaling 3,941,046 hectares in the Eastern Newfoundland Region, and one in the Jeanne d'Arc Region. Therefore, the above mentioned factors such as new oil and gas discoveries and approval for seismic testing are expected to drive the seismic services market in North America over the forecast period.
This Seismic Services Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Seismic Services? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Seismic Services Market? What's Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Seismic Services Market? What Was Capacity, Production Value, Cost and PROFIT of Seismic Services Market?
- What Is Current Market Status of Seismic Services Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis of Seismic Services Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Seismic Services Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Seismic Services Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Seismic Services Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Seismic Services Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Seismic Services Industry?
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Fundamental Reasons to buy Seismic Services Market Report:
- Determine prospective investment areas based on a detailed trend analysis of the global Seismic Services market over the next years.
- Gain in-depth understanding about the underlying factors driving demand for different Seismic Services segments in the top spending countries across the world and identify the opportunities offered by each of them.
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels that are driving the global Seismic Services market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Seismic Services market.
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Seismic Services solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
Overview of TOC, what it contains?
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Continued..
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