Global Geophysical Data Collection Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Geophysical Data Collection Market Report by The Business Research Company covers geophysical data collection market drivers and restraints, geophysical data collection market size, major players, and the impact of COVID-19 on the geophysical data collection market.
The geophysical data collection market consists of the sales of geophysical data collection services and related goods by entities (organizations, sole traders and partnerships) that locate and measure the extent of subsurface resources, such as oil, gas, and minerals, and also conduct surveys for engineering purposes. The surveying techniques include magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. Only goods and services traded between entities or sold to end consumers are included.
The rise in need for better understanding of reservoirs in production and design tasks to meet the world’s current and future energy needs contribute to the growth of geophysical data collection market.
The global geophysical data collection market is expected to grow from $4.44 billion in 2020 to $4.79 billion in 2021 at a compound annual growth rate (CAGR) of 7.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.99 billion in 2025 at a CAGR of 1%.
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Some geophysical data collection market trends include technology collaborations. Technology collaborations are becoming necessary to keep pace with digital transformations. Artificial Intelligence and Machine Learning methods are being deployed and accepted in geophysical services. In September 2019, Tomlinson Geophysical Services (TGS), a multi-client provider of geoscience data for oil and gas company announced a technology collaboration with Quantico Energy Solutions (Quantico), an Artificial Intelligence (AI) company which is focused on providing subsurface solutions for exploration and production, (or) oil and gas companies.
Global geophysical data collection market segments include:
1) By Service: Data Acquisition, Data Processing, Interpretation.
2) By Technology: 2D Imaging, 3D Imaging, 4D Imaging.
3) By End User: Agriculture, Environment, Minerals & Mining, Oil & Gas, Water Exploration.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Geophysical Data Collection Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides geophysical data collection market overviews, analyzes and forecasts market size, share, geophysical data collection market players, geophysical data collection market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The geophysical data collection market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Geophysical Data Collection Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Compagnie Generale De Geophysique (CGG), TGS-NOPEC Geophysical, Dawson Geophysical, Geotech, Geophysical Survey Systems, ION Geophysical Corporation, Phoenix Geophysics, Schlumberger – Westerngeco, Petroleum Geo-Services, CSA Global, United States Geological Survey, UTEC, Geotec Engineering & Environmental, Geophysics, Geophex, EON Geosciences, Sea Geo Surveys.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Geophysical Data Collection Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Geophysical Data Collection Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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