Seismic Survey Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

1. Seismic Survey Market- Global Industry Insight, Trends, Outlook, and Opportunity Analysis 2017- 2025 © Coherent market Insights. All Rights Reserved

2. REPORT DESCRIPTION Seismic Survey Market Overview Seismic survey is a method used to investigate geological properties of earth and is majorly used to explore natural gas, petroleum, and mineral deposits. Data acquisition, processing, and interpretation are the three phases of seismic survey. This technique determines the time interval between the initiation of waves at a shot point and the arrival of reflected or refracted waves by the seismic detectors. Various techniques including air guns, dynamite blast, and seismic vibrator among others are used for initiation of seismic waves. The amplitude and time are recorded on arrival of these waves at the detector. The time taken by wave to return to the surface gives several information such as types of rocks, possible fluids, and gases in the formation, providing a detailed image of the subsurface and the location of oil and gas reserves. Market Dynamics Increasing demand for oil and gas is a major driving factor for growth of the global seismic survey. According to the U.S. Energy Information Administration, fossil fuels is estimated to account for 77% of the global energy use by 2040. Advantages of seismic survey such as reduction of probability of drilling dry wells thereby, preventing further drilling and minimizing environmental effects of oil and gas exploration is propelling growth of global seismic survey market. © Coherent market Insights. All Rights Reserved

3. REPORT DESCRIPTION Global seismic survey market is segmented as: By Technology Type ➢2D Seismic Survey ➢3D Seismic Survey ➢4D Seismic Survey ➢Others ➢ By Application ➢Oil and Gas ➢Construction ➢Mining ➢Others Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/829 © Coherent market Insights. All Rights Reserved

4. REPORT DESCRIPTION Market Outlook North America was the dominant region in the global seismic survey market in 2017. Shale explorations along with offshore shallow water and deep water exploration has increased in this region in the recent past, leading to high demand for seismic survey. For instance, in January 2018, TGS announced commencement of three new 3D seismic projects in the basins of West Hackberry, Sanderson, and Dawson in North America. Seismic survey market in Europe is witnessing a significant growth, owing to increasing exploration activities to cater to the high energy demand. According to European Commission, 72.5% of all energy was produced from fossil fuel, including crude oil and natural gas in the EU-28 in 2015. Asia Pacific seismic survey market is expected to exhibit high growth over the forecast period. According to the Australian Bureau of Statistics, Mineral and Petroleum Exploration, total mineral exploration expenditure increased by 6.1% to US$ 201.28 million in December 2016 from previous year in Australia. This growth in expenditure is in turn driving growth of seismic survey market in Asia Pacific. Furthermore, increasing demand for oil and gas is leading to high utilization of seismic survey, which in turn is fuelling growth of seismic survey market. According to International Energy Agency, gas demand is expected to increase by 1.6% globally, from 2017 to 2022, with China contributing 40% to this growth. Also, consumption in China is expected to increase to 340 billion cubic meters by 2022. To Get Discount on this Report: https://www.coherentmarketinsights.com/insight/request-discount/829 © Coherent market Insights. All Rights Reserved

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