Growing oil & gas industry to fuel
global geophysical equipment market through 2024
According to a report published by TechSci Research on “Global
Geophysical Equipment Market By Equipment Type, By End User, By Region,
Competition, Forecast & Opportunities, 2024”, global geophysical equipment is predicted
to grow at a healthy rate during forecast period on account of improvement in
crude oil and gas price along with rising demand for energy across the
developed and emerging regions. In terms of end user, global geophysical
equipment market is categorized into mining, oil & gas exploration, geothermal
exploration, groundwater exploration and others. Among these, mining industry
accounted for the majority share in global geophysical equipment market in 2018
and is anticipated to maintain its position during forecast period as well on
account of year-on-year growth in mining activities globally. Moreover, high
demand for geophysical data acquisition services and increase in investments in
the mining sector for geophysics are further anticipated to propel demand for
geophysical equipment in the mining industry.
Browse market data Tables and Figures
spread through 110 Pages and an in-depth TOC on " Global Geophysical Equipment Market "
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In terms of region, global geophysical
equipment market is categorized into North America, Europe, South America,
Middle East & Africa and Asia-Pacific. Among these regions, North America
accounted for a significant portion of global geophysical equipment market. The
region is also predicted to grow at a healthy rate during forecast period owing
to rising mineral exploration activities in the region. Among the countries, United
States accounted for majority of North America geophysical market and is expected
to remain as the largest market throughout the forecast period. United States
mining industry is one of the largest in the world, led by high number of
geophysical survey activities in areas such as basins of Oakland, Houston,
Seattle, Florida, New York, and Philadelphia.
“Global geophysical equipment market is
predicted to witness a decent growth landscape over the course of next five
years. The growth of the market is majorly attributable to the exponential rise
in oil and gas exploration activities in different regions. Moreover, significant
rise in demand for minerals and metals is resulting in increasing mining
activities, which is further boosting the growth of global geophysical
equipment market.” said, Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Geophysical Equipment Market By
Equipment Type, By End User, By Region, Competition, Forecast &
Opportunities, 2024” has evaluated the future growth potential of
the global geophysical equipment market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in
global geophysical equipment market.
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TechSci Research
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