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Global Marine Seismic Equipment and Acquisition Market to Exhibit an Impressive Growth Rate during 2016–2024

Press release Description

Albany, New York, March 27, 2017: The global marine seismic equipment and acquisition market is rising owing to its increased applications in the oil and gas industry as seismic waves are an essential part of oil and gas exploration. Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new research report to the gigantic online offerings. The research report is titled as ‘Global Marine Seismic Equipment and Acquisition Market – Industry Analysis, Share, Growth, Trends and Forecast 2016-2024’.

According to Transparency Market Research, the global marine seismic equipment market will rise at a CAGR of 4.5% between 2016 and 2024. At this pace, the market will reach a mark of US$533.9 million by 2024 from US$359.8 million in 2015. During the same period, the global seismic acquisition market is predicted to rise at a CAGR of 5.30%, which means the market will touch US$5.6 billion mark by the end of 2024 from US$3.5 billion in 2015. This market is predominantly driven by the growing applications in oil and gas explorations activities in emerging regions, such as Africa and Latin America in the near future. The study also studies drivers and restraints of the global market and their impact on demand during the forecast period. The report also covers a Porter’s five forces analysis that presents the intensity of the competition among key players in the market.

The study provides a decisive understanding of the global marine seismic equipment and acquisition market by segmenting it in terms of equipment type into: sub-bottom profilers, geophones & hydrophones, seismic sensors streamers and air/water gun. Also, in terms of technology, the market is segregated into: 2-dimensional (2D) systems, 3-dimensional (3D) systems, 4-dimensional (4D) systems, and ocean bottom nodes. These segments have been examined based on present and future trends. Regional segmentation of the market is done into the following:

  • North America
  • Europe
  • Latin America
  • Middle East & Africa
  • Asia Pacific

Browse Full Global Marine Seismic Equipment and Acquisition MarketReport with TOC:

The global market size in terms of revenue & volume, along with a forecast during 2016-2024, for each segment is provided in the report.

The global marine seismic equipments and acquisition market is highly consolidated. Key players include Compagnie Generale de Geophysique, S.A, Polarcus DMCC, Petroleum Geo-Services (PGS), SeaBird Exploration PLC, TGS-NOPEC Geophysical Co. ASA, Fugro N.V., and Mitcham Industries, Inc. The research assesses these firms and provides a comprehensive analysis of the competitive landscape present in the global market. Furthermore, Market players have been profiled in terms of aspects such as company overview, financial overview, business strategies, and recent developments.

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