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Geophysical Services Market Share

Report ID: GMI6823
Published Date: Jun 2024
Report Format: PDF

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Geophysical Services Market Share

Global Geophysical Services Company Market Share Analysis, 2023

Schlumberger (SLB) holds a significant share in the geophysical services industry, leveraging its advanced seismic technologies and global operational reach. The company's innovative solutions, including 3D and 4D seismic imaging, support efficient resource exploration in diverse sectors like oil, gas, and mining. SLB's leadership in integrating data analytics and technology continues to drive its prominence in the evolving geophysical services landscape.

Geophysical Services Market Companies

Some of the major key players operating across the geophysical services industry are:

Abitibi Geophysics
China Oilfield Services Limited
CGG
Dawson Geophysical Company
EGS (International) Ltd
Fugro
Getech Group plc
Gardline Limited
HESP
NUVIA Dynamics Inc.
PGS
Paradigm Group B.V.
Ramboll Group A/S
SLB
SAExploration
Spectrum Geophysics
TGS
Weatherford

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of geophysical services was worth USD 14.9 billion in 2023 and is projected to expand at 6.4% CAGR from 2024 to 2032, on account of the increasing demand for energy, particularly oil and gas.

The seismic technology segment in the geophysical services industry is projected to amass over USD 14 billion by 2032, owing to its critical role of seismic surveys in resource exploration, especially for oil, gas, and mining.

The land-based surveys segment in the geophysical services industry is projected to grow at over 6% CAGR between 2024 and 2032, due to its capacity to provide critical subsurface data for diverse applications, such as resource exploration, infrastructure development, environmental assessments, and geological studies.

North America geophysical services industry size is projected to garner more than USD 9.5 billion by 2032, led by the robust activity in the oil & gas industry, ongoing exploration efforts, and advancements in shale gas extraction.