Global Integrated Geophysical Services Market Outlook, Opportunities And Strategies
Learn about the global integrated geophysical services market through The Business Research Company, which provides information on integrated geophysical services market size, integrated geophysical services market drivers and restraints, integrated geophysical services market players, the COVID-19 impact on the integrated geophysical services market, and more.
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The global integrated geophysical services market is expected to grow from $1.95 billion in 2021 to $2.08 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The growth in the integrated geophysical services market 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 integrated geophysical services market is expected to reach $2.56 billion in 2026 at a CAGR of 5.3%.
Increasing demand for oil and gas is expected to drive innovation in integrated geophysical services manufacturing, thus driving the market during the forecast period.
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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.
Global Integrated Geophysical Services Market Segments Include:
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)
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
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.
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.
TBRC’s integrated geophysical services market report covers:
Major Market Players: CGS, Halliburton, Polarcus, Geokinetics, Petroleum Geo-Services (PGS) and 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 (2016-21) and ten years forecast (2022-2026-2031)
The Integrated Geophysical Services Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides integrated geophysical services market overviews, analyses and forecasts market size, share, integrated geophysical services market players, integrated geophysical services market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s 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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