Global Integrated Geophysical Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Integrated Geophysical Services Market Report by The Business Research Company covers integrated geophysical services market drivers and restraints, integrated geophysical services market size, major players, and the impact of COVID-19 on the integrated geophysical services market.
The integrated geophysical services market consists of the sales of integrated geophysical 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.
Increasing demand for oil and gas contributed to the growth of the integrated geophysical services market. The global integrated geophysical services market is expected to grow from $1.35 billion in 2020 to $1.46 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. 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 $1.51 billion in 2025 at a CAGR of 0.8%.
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Some integrated geophysical services market trends include the use of drones. Drones are increasingly being used by integrated geophysical services companies to get precise information and to decrease the burden on people in the harsh environment. Total, the producer and supplier of oil, natural gas, and low-carbon electricity, announced the deployment of the first automated seismic acquisition system in Abu Dhabi in November 2019. Total’s Multiphysics Exploration Technology Integrated System (METIS) uses the autonomous drones and ground drop off vehicles which don’t need human intervention. METIS is an automated technology which conducts seismic surveys in harsh environments like the desert that are tough on human and equipment.
Global integrated geophysical services market segments include:
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.
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 Integrated Geophysical Services 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 integrated geophysical services market overviews, analyzes and forecasts market size, share, integrated geophysical services market players, integrated geophysical services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The integrated geophysical services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Integrated Geophysical Services 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: CGS, Halliburton, Polarcus, Geokinetics, Petroleum Geo-Services (PGS), Schlumberger WesternGeco.
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 Integrated Geophysical Services 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 Integrated Geophysical Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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