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New York, December 31, 2021 (Global News Agency)-Reportlinker.com announced the release of the “Global Market Report on Geophysical Services in 2022”- https://www.reportlinker.com/p04442220/?utm_source=GNW
, Geophysical Survey Systems Inc., Phoenix Geophysics, Sea Geo Surveys Pvt. Ltd., Spectrum Geophysics, Geotech Survey, PGS, BGP Inc., Fugro, SA Exploration, Seabird Exploration, EMGS, Geospace Technologies, COSL-China Oilfield Services Limited, New Resolution Geophysics (NRG), Paradigm, Ramboll Group AS, Sercel SA, IRIS Instruments, DMT Gmbh and Co.KG., Petroleum Geo Services, Geoex Ltd. and IG Seismic Services.
The global geophysical services market is expected to grow from US$12.8 billion in 2021 to US$13.39 billion in 2022, with a compound annual growth rate (CAGR) of 4.6%. The growth was mainly due to the company rescheduling operations and recovering from the effects of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and the closure of business activities, which led to operational challenges . The market is expected to reach USD 15.14 billion by 2026, with a compound annual growth rate of 3.1%.
The geophysical services market consists of entities (organizations, individual traders, and partnerships) that sell geophysical services and related goods. These entities locate and measure the extent of underground resources (such as oil, gas, and minerals) and conduct surveys for engineering purposes. Measurements Techniques include magnetic measurement, gravity measurement, seismic measurement or electrical and electromagnetic measurement.
Only include goods and services that are traded between entities or sold to end consumers.
The main measurement types in geophysical services are land, ocean, and air. Land survey is…
The full story can be found on Benzinga.com
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