Global Marine Seismic Equipment & Acquisition Market Overview:
Marine seismic operation or seismographic acquisition is the technique utilized for gathering data about the subsea surface. In marine seismic activity, the geophysicists utilize a similar guideline utilized by earthquake seismologists, yet generally low acoustic energy (sound waves) is produced precisely for gathering the information. The information in this way gathered gives precise data about the stone development and other crucial information of the sea surface. A marine seismic overview is for the most part utilized for oil and gas investigation, yet ashore they help in finding mines or even to discover groundwater.
- The increase in oil and gas exploration activities in emerging regions
- The high demand for conventional oil reserves
- High cost of marine seismic equipment
- Expansion in the oil and gas industry in the emerging countries
- Formulation of standard rules and regulations regarding
- Development of low cost and efficient marine seismic equipment
The leading players in the market to avail competitive advantage, continuously involved in the process of research and development and delivering the new technological advancement to their customers. Also, companies are making collaborations and strategic partnerships with other companies and bring combined technology.
Some of the key players profiled in the report are Agile Seismic LLC (United States), FailfieldNodal (United States), Seismic Equipment Solution (United States), Geo-Marine Survey Systems (Netherlands), Polarcus DMCC (Dubai), Fugro N.V. (Netherlands), SeaBird Exploration PLC (Norway), Petroleum Geo-Services (PGS) (Norway), TGS-NOPEC Geophysical Co. ASA (Norway), Mitcham Industries Inc. (United States) and Compagnie Generale de Geophysique, S.A (CGG) (France). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Marine Seismic Equipment & Acquisition market by 2026.
On 7 February 2020, Shearwater GeoServices Holding AS has announced that the company has been awarded a contract by Reliance Industries Ltd for 3D broadband marine seismic acquisition in the Bay of Bengal, India. The project is expected to commence in the second quarter of 2020. Moreover, the survey would be executed by the Polar Duchess using a Dual-source design and would be covering 1,500 sq. km of KG-UDWHP-2018/1 block in the Krishna-Godavari basin.
What Can be Explored with the Marine Seismic Equipment & Acquisition Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Marine Seismic Equipment & Acquisition Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Marine Seismic Equipment & Acquisition
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Marine Seismic Equipment & Acquisition market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Marine Seismic Equipment & Acquisition market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, Government Regulatory Bodies, Government Research Institutions and Raw Material Suppliers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Marine Seismic Equipment & Acquisition Market?
The Marine Seismic Equipment & Acquisition market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Marine Seismic Equipment & Acquisition Market?
Top performing companies in the Global Marine Seismic Equipment & Acquisition market are Agile Seismic LLC (United States), FailfieldNodal (United States), Seismic Equipment Solution (United States), Geo-Marine Survey Systems (Netherlands), Polarcus DMCC (Dubai), Fugro N.V. (Netherlands), SeaBird Exploration PLC (Norway), Petroleum Geo-Services (PGS) (Norway), TGS-NOPEC Geophysical Co. ASA (Norway), Mitcham Industries Inc. (United States) and Compagnie Generale de Geophysique, S.A (CGG) (France), to name a few.
3. What trending factors would impact Marine Seismic Equipment & Acquisition Market growth most?
"Increasing demand from exploration and production companies in emerging countries
" is seen as one of major influencing trends for Marine Seismic Equipment & Acquisition Market during projected period 2020-2026.