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Global Seismic Survey Equipment Market Expected to Acquire Revenue Valued at US$ 1,884.1 Mn by 2026

Press release Description

Albany, New York, August 24, 2018: It has been noticed that the seismic survey equipment market is majorly driven by the enhancement in oil prices. To understand the key growth trends in the global market, a new assessment has been added to the online repository managed by Market Research Reports Search Engine (MRRSE). This research report is titled “Seismic Survey Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which discourses knowledge about the prominent trends and technologies motivating growth in the seismic survey equipment market during the forecast period. According to research findings, the global seismic survey equipment market is likely to reach US$ 1,884.1 Mn by 2026. At this pace, the target market is anticipated to expand at a CAGR of 4.60% during the forecast period. 

The research report functions to enlighten the readers about the major factors influencing the global seismic survey equipment market, which includes drivers, opportunities and restraints. In addition, the study provides an all-inclusive perspective highlighting the market’s growth on the basis of revenue and volume (in US$ Mn) across diverse geographical regions; namely Europe, North America, Middle East & Africa, Asia Pacific, and South America. With the increase in exploration & production activity, there would be a significant increase in the number of seismic surveys being carried out eventually impacting market growth. To be precise, seismic survey is a process which allows the study of subsurface properties and further helps in judging the size of oil and gas reservoirs. Strong demand for oil principally from the growing economies is anticipated to fuel market growth across the seismic survey equipment sector.

Based on component, the global market for seismic survey equipment is segmented into software, hardware and services. Based on technology, the dedicated market is divided into 2D, 3D, and 4D. Further, on the basis of location, the prime segments included in the report are onshore and offshore. This intelligent analysis comprises of Porter’s Five Forces model that helps in understanding the competitive landscape across the seismic survey equipment market. The study covers market attractiveness analysis, in which end-users are mentioned on the basis of their market size, general attractiveness and growth rate. Finally, the report covers renowned players including Mitcham Industries, Inc., CGG, Wireless Seismic, Inc., Geospace Technologies Corporation, BGP Inc., Schlumberger Limited, China National Petroleum Corporation, ION Geophysical Corporation and FairfieldNodal among others. Overall, new investors can gather exact market insights from this report that are necessary to frame future plans.

Browse Full Global Seismic Survey Equipment Market Report with TOC :

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