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The global offshore oil and gas seismic equipment and acquisitions solutions market stood at around $ 660 million in 2018 and is forecast to grow at a CAGR of 5% to cross $ 890 million by 2024. The growth of global offshore oil and gas seismic equipment and acquisition solutions market is majorly attributable to rising investments in oil & gas exploration activities, stability in crude oil prices and an increasing number of strategic partnerships. Moreover, the increasing demand for oil and gas is resulting in rising exploration activities to find more oil and gas reserves, which in turn, is further fueling the growth of global offshore oil and gas seismic equipment and acquisitions solutions market.
In terms of type, the global offshore oil and gas seismic equipment and acquisitions solutions are categorized into seismometer, data acquisition devices and others. Among the types, seismometer accounted for a significant portion of the global market in 2018 and is also anticipated to remain as the largest category throughout the forecast period.
On the basis of regions, the market for offshore oil and gas seismic equipment and acquisitions solutions is categorized into North America, Europe, South America, Asia-Pacific and Middle East & Africa. The Middle East and Africa are likely to witness a healthy growth rate during the forecast period on account of increasing oil and gas exploration activities in the region.
The global offshore oil and gas seismic equipment and acquisitions solutions market is fairly concentrated. Some of the major players operating the global offshore oil and gas seismic equipment and acquisitions solutions are SeaBird Exploration, PGS, PLCS, ION, Wireless Seismic, Guralp Systems, Cray, ESG Solutions, Panasonic, among others.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
The objective of the Study:
- To analyze and forecast the global offshore oil and gas seismic equipment and acquisitions solutions market size.
- To forecast the global offshore oil and gas seismic equipment and acquisitions solutions market based on type, dimension, service type and regional distribution.
- To identify drivers and challenges for the global offshore oil and gas seismic equipment and acquisitions solutions market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global offshore oil and gas seismic equipment and acquisitions solutions market.
- To conduct the pricing analysis for the global offshore oil and gas seismic equipment and acquisitions solutions market.
- To identify and analyze the profile of leading players operating in the global offshore oil and gas seismic equipment and acquisitions solutions market.
Some of the leading players in the global offshore oil and gas seismic equipment and acquisitions solutions market are SeaBird Exploration, PGS, PLCS, ION, Wireless Seismic, Guralp Systems, Cray, ESG Solutions, Panasonic, Schlumberger WesternGeco, Agile Seismic, Breckenridge Geophysical, Bulroc, Dawson Geophysical, CGG, etc.
The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of offshore oil and gas seismic equipment and acquisitions solutions provider across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they were able to include the developers which could not be identified due to the limitations of secondary research. They analyzed the product offerings, distribution channels and the presence of all major software providers across the globe.
The author calculated the global offshore oil and gas seismic equipment and acquisitions solutions market size by using a top-down approach, wherein data for various application across various end-user segments were recorded and forecast for the future years. they sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Offshore oil and gas seismic equipment and acquisitions solutions stakeholders
- Offshore oil and gas seismic equipment and acquisitions solutions end-user industries
- Organizations, forums and alliances related to offshore oil and gas seismic equipment and acquisitions solutions market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as developers, partners and end-users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on the growth of the market.
Report Scope:
In this report, the global offshore oil and gas seismic equipment and acquisitions solutions market have been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, By Type:
- Seismometer
- Data Acquisition Devices
- Others
Market, By Dimension:
- 2D
- 3D
Market, By Service Type:
- Hardware
- Software
Market, by Region:
- Asia-Pacific
- China
- India
- Malaysia
- Australia
- Indonesia
- Thailand
- Europe & CIS
- Russia
- Norway
- United Kingdom
- Denmark
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- UAE
- Saudi Arabia
- Iran
- Nigeria
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global offshore oil and gas seismic equipment and acquisitions solutions market.
Available Customizations:
With the given market data, the author offers customizations according to a company’s specific needs. Please contact the customer service team for more enquires
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- SeaBird Exploration
- PGS
- PLCS
- ION
- Wireless Seismic
- Guralp Systems
- Cray
- ESG Solutions
- Panasonic
- Schlumberger WesternGeco
- Agile Seismic
- Breckenridge Geophysical
- Bulroc
- Dawson Geophysical
- CGG
- (Note: The companies list can be customized based on the client requirements)
