Market Overview:
The global offshore oil and gas seismic equipment and acquisitions market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe, coupled with the rising investments in exploration and production activities. In addition, technological advancements in seismic equipment are also propelling the growth of this market. On the basis of type, seimometers accounted for a major share of the global offshore oil and gas seismic equipment and acquisitions market in 2017. This can be attributed to their ability to provide high-quality data acquisition for subsurface imaging purposes. Data acquisition devices are also expected to witness significant growth during the forecast period owing to their growing demand in both onshore as well as offshore applications.
Product Definition:
Offshore oil and gas seismic equipment and acquisitions is the process of purchasing or renting equipment used to map the seafloor in order to find potential oil and gas reserves. The importance of offshore oil and gas seismic equipment and acquisitions is that it allows companies to identify potential reserves, which can then be exploited for economic gain.
Seimometer:
Seimometer is a device used to measure the depth of water or liquid in vertical wells. It consists of an acrylic tube, which is lowered into the well and rises with increasing depth. As it does so, a sensitive accelerometer measures the vibrations set up by drilling activities at different depths and transmits data to the surface via acoustic sensors.
Data Acquisition Devices:
Data acquisition (DAQ) devices are used in offshore oil and gas seismic equipment and acquisitions to acquire the data. The device is an electronic system that records the movement of a point onshore or underwater, such as a well-logging tool, which is then transferred to computer systems for analysis.
The global market size was valued at USD 1.6 billion in 2015.
Application Insights:
The oil industry accounted for the largest market share in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production from existing fields and new finds, particularly in Middle East countries such as Saudi Arabia, Iran, and China. In addition, growing demand for onshore exploration activities coupled with an increase in drilling activities across various regions is anticipated to drive the segment growth over the forecast period.
The gas industry also accounted for significant market share owing to increasing production from domestic reserves along with LNG imports & exports globally. Growing demand for natural gas as an energy source along with its usage as a fuel source has resulted in increased offshore exploration activities across various countries including Brazil, Indonesia Russia etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to factors such as increasing offshore drilling activities, technological advancements, and government initiatives pertaining toward offshore oil and gas exploration. In addition, rising demand for clean energy sources along with stringent regulations by environmental protection agencies are anticipated to drive the regional market growth over the forecast period.
Asia Pacific is estimated to be one of the fastest-growing regions during 2018 - 2030 due to growing investments from international oil companies (IOCs). China’s Belt & Road Initiative (BRI) has offered lucrative opportunities for global players operating in this space as it aims at developing trade routes across Asia Pacific which will connect western China with Southeast Asian countries bypassing traditional sea lanes.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising exploration and production activities for hydrocarbons in offshore areas
- Technological advancements in seismic equipment that improve the accuracy of data acquisition
- Growing investments by oil and gas companies in seismic surveys to assess the hydrocarbon potential of new acreage
- Proliferation of private equity firms and other investors into the market for offshore oilfield services, which is expected to drive up competition and lead to more M&A activity
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Oil and Gas Seismic Equipment and Acquisitions Market Research Report
By Type
Seimometer, Data Acquisition Devices, Others
By Application
Oil Industry, Gas Industry, Others
By Companies
SeaBird Exploration, PGS, PLCS, ION, Wireless Seismic, Guralp Systems, Cray, ESG Solutions, Panasonic, Schlumberger WesternGeco, Agile Seismic, Breckenridge Geophysical, Bulroc, Dawson Geophysical, CGG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market Report Segments:
The global Offshore Oil and Gas Seismic Equipment and Acquisitions market is segmented on the basis of:
Types
Seimometer, Data Acquisition Devices, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Gas Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SeaBird Exploration
- PGS
- PLCS
- ION
- Wireless Seismic
- Guralp Systems
- Cray
- ESG Solutions
- Panasonic
- Schlumberger WesternGeco
- Agile Seismic
- Breckenridge Geophysical
- Bulroc
- Dawson Geophysical
- CGG
Highlights of The Offshore Oil and Gas Seismic Equipment and Acquisitions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Seimometer
- Data Acquisition Devices
- Others
- By Application:
- Oil Industry
- Gas Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Offshore Oil and Gas Seismic Equipment and Acquisitions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Offshore oil and gas seismic equipment is used to image the subsurface of an offshore area. This equipment can also be used to detect and locate oil and gas reserves. Acquisitions of offshore oil and gas seismic equipment may involve the purchase of existing assets or the acquisition of companies that produce this type of technology.
Some of the major players in the offshore oil and gas seismic equipment and acquisitions 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.
The offshore oil and gas seismic equipment and acquisitions market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Offshore Oil and Gas Seismic Equipment and Acquisitions Market - Supply Chain
4.5. Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market Forecast
4.5.1. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Absolute $ Opportunity
5. Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Type
5.3.1. Seimometer
5.3.2. Data Acquisition Devices
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Application
6.3.1. Oil Industry
6.3.2. Gas Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Offshore Oil and Gas Seismic Equipment and Acquisitions Demand Share Forecast, 2019-2026
9. North America Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Application
9.4.1. Oil Industry
9.4.2. Gas Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Type
9.7.1. Seimometer
9.7.2. Data Acquisition Devices
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Offshore Oil and Gas Seismic Equipment and Acquisitions Demand Share Forecast, 2019-2026
10. Latin America Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Application
10.4.1. Oil Industry
10.4.2. Gas Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Type
10.7.1. Seimometer
10.7.2. Data Acquisition Devices
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Offshore Oil and Gas Seismic Equipment and Acquisitions Demand Share Forecast, 2019-2026
11. Europe Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Application
11.4.1. Oil Industry
11.4.2. Gas Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Type
11.7.1. Seimometer
11.7.2. Data Acquisition Devices
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Offshore Oil and Gas Seismic Equipment and Acquisitions Demand Share, 2019-2026
12. Asia Pacific Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Application
12.4.1. Oil Industry
12.4.2. Gas Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Type
12.7.1. Seimometer
12.7.2. Data Acquisition Devices
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Offshore Oil and Gas Seismic Equipment and Acquisitions Demand Share, 2019-2026
13. Middle East & Africa Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Application
13.4.1. Oil Industry
13.4.2. Gas Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size and Volume Forecast by Type
13.7.1. Seimometer
13.7.2. Data Acquisition Devices
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Offshore Oil and Gas Seismic Equipment and Acquisitions Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market: Market Share Analysis
14.2. Offshore Oil and Gas Seismic Equipment and Acquisitions Distributors and Customers
14.3. Offshore Oil and Gas Seismic Equipment and Acquisitions Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SeaBird Exploration
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PGS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PLCS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ION
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wireless Seismic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Guralp Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cray
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ESG Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Panasonic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Schlumberger WesternGeco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Agile Seismic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Breckenridge Geophysical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Bulroc
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dawson Geophysical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. CGG
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
