WiseGuyReports have announced the addition of a new report titled “Global Geophysical Services Market Report 2019 – Market Size, Share, Price, Trend and Forecast”.
Heavy Investments in Oil & Gas Exploration Industry to Drive Geophysical Services Market
Global Geophysical Services Market Report 2019 – Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Geophysical Services industry. The global market size of Geophysical Services is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
The global geophysical services market is anticipated to witness fast paced ascension over the review period, as per the latest report. Such fast paced growth of the global geophysical services market is attributable to the increasing investments in the mining and oil & gas exploration activities. Mining refers to the extraction of valuable minerals and other geological ingredients from the earth. It is usually done from an ore form, vein, lode, seam, reef, or a placer deposit. These deposits then form a mineralized package which is of economic interest to the miner. Increasing mining activities are observed to encourage the operators to explore the geological areas for the presence of minerals. This, in turn, is driving the global geophysical services market to great extent.
Top Key Players:
* EON Geosciences
* Dawson Geophysical
* Geotech Surveys
* Compagnie Generale de Geophysique (CGG)
* Spectrum Geophysics
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For product type segment, this report listed main product type of Geophysical Services market
* Aerial-based Survey
* Land-based Survey
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III
A geophysical survey is also essential to obtain the magnetic and gravitational fields of the interior of the earth and topography. These surveys have varied applications in geology, archeology, oceanography, engineering, as well as mineral and energy exploration.Morever, high demand for geophysical data acquisition services and a rise in the investments in the mining sector for geophysics are expected to drive the adoption of geophysical services, propelling market growth. In addition, the revival in crude oil prices is expected to further fuel the growth of the global geophysical services market over the forecast period.
The US Environmental Protection Agency (EPA) has proposed a framework such as National Emissions Standards for Hazardous Air Pollutants for production facilities and gold ore processing for curbing air pollution and environmental pollution that are caused by the excavation. The primary aim of these regulations is the reduction of mercury emissions that is caused by gold mining. The demand for geophysical services market is not only driven by mining and oil & gas exploration activities, but also due to the upscaling demand for minerals and metals like iron, steel, aluminum, copper, lithium, silver, nickel, and manganese from the manufacturing sectors.
The global geophysical services market is studied for differential segmentation that is based on product type, application, and region. Based on product type, the global geophysical services market is segmented into aerial-based survey and land-based survey. Based on application, the global geophysical services market is segmented into application I, application II, application III. This segmentation has enabled the reader of this report to gain a deeper insight in the functioning of the global geophysical services market during the forecast period. Further, this has revealed many hidden trends to the experts of this field and aided in better decision-making.
Detailed Regional Analysis
The global geophysical services market is analyzed for the regional segments of North America, South America, Asia & Pacific, Europe, and MEA (Middle East and Africa). Apart from that, the report has provided a detailed insight in the functioning of country-specific markets for vital countries such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc. Among these regions, Latin America is expected to be one of the largest regions owing to the rising commodity prices, especially metals.
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