Skip to main content

Global Marine Seismic Equipment and Acquisition Market-Top Key Players and Analysis to 2027

 

Global Marine Seismic Equipment and Acquisition Market: Key Highlights

One of the major influences on global marine seismic equipment and acquisition market is the demand generated by oil and gas industry. The industry is known to use seismic services and analytics for various activities such as exploration.

It is pertinent to note here the various lease rounds carried out for third year in a row – close to 50 in number and record breaking in every sense. Some of the regions which are acting as hotbeds of exploration activity are Latin America, Africa, and the chart is topped by the Mediterranean region.

It is also worth noting here that conventional discoveries are on a high curve, and broke a four-year record in 2019 in terms of BOE – Barrels of Oil Equivalent. The number in 2019 was 12.2 billion barrels BOE. From the new regional hotspots, 26 discoveries (100 BOE) were made.

As per a Transparency Market Research study, the global marine seismic equipment and acquisition market will grow at a steady 4.80% CAGR (Compound Annual Growth Rate) in the equipment segment in the period starting 2019, and ending 2027. The market set to arise in the period would be worth around USD 626.1 Million by the end of this period. And, over the same period, the market for seismic acquisition will grow at growth rate of 5.60%, compounded annually. Again, this will pull the market worth up from USD 4.2 Billion to USD 6.4 Billion.

Request Sample

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2953

Europe to Lead the Global Marine Seismic Equipment and Acquisition Market over the Forecast Period

The global marine seismic equipment and acquisition market was led by Europe in 2018, dominating both the marine seismic acquisition market and seismic equipment market. The trend is set to continue. And, as per analysts of the global marine seismic equipment and acquisition market, this growth is attributable to rising demand for oil reserves.

It is also pertinent to note that over the coming few years, the North American region will also show notable growth owing to increase in activity in certain industries like construction, mining, and oil and gas.

Lucrative opportunities will arise in Middle East and Africa, keeping the global marine seismic equipment and acquisition market players hooked to itself over the forecast period. One of the reasons supporting growth in the region will be rising activity in terms of offshore oil exploration activity in the region over the forecast period.

More Trending Reports

https://www.prnewswire.com/news-releases/rapid-inclination-towards-vegan-food-choices-to-invite-enormous-growth-opportunities-for-tiger-nuts-market-tmr-insights-301333737.html

Global Marine Seismic Equipment and Acquisition Market to Witness Pro-active Players over the Forecast Period

The global marine seismic equipment and acquisition market is slightly fragmented and includes prominent players such as Agile Seismic LLC, FailfieldNodal, Seismic Equipment Solution, Geo Marine Survey Systems, Polarcus DMCC, Fugro N.V., SeaBird Exploration PLC, Petroleum Geo-Services (PGS), TGS-NOPEC Geophysical Co. ASA, Mitcham Industries Inc., and Compagnie Generale de Geophysique, S.A (CGG) among others. The players are massively focused on technological development so better and more functional products can be rolled out to lure consumers. As of now, the major technologies in use include ocean bottom nodes, and 2D, 3D, and 4D surveys.

Request Covid19 analysis on this market

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2953

Global Marine Seismic Equipment and Acquisition Market – Key Developments

·         On 2nd March 2020, Shearwater GeoServices Holding announced that the company has entered into a deal with French Oil & Gas player Total to acquire 3D data in the Black Sea, off Bulgaria. The company said that the contract is for the large towed streamer 3D acquisition and Fast Track processing project in the Black Sea by Total E&P Bulgaria B.V. The survey covers 5,500 sq. km in the Han Asparuh block 1-21, and would be using Flexisource triple source together with Fast Track processing enabled by Shearwater’s proprietary Reveal software. The three-month survey is expected to start in first quarter of 2020 and would be carried out by the Oceanic Vega.

·         In February 2020, SeaBird Exploration a844nnounced that the company had received a letter of award for an Ocean Bed Nodes (OBN) source contract with an expected duration of about 5 months in Asia Pacific region. The contract is anticipated to commence in April 2020, while the company plans to employ the Voyager Explorer on this contract due to which the bareboat-charter for the vessel would be extended.

 

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=2953&ltype=S

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

 

 

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more