“Marine Seismic Equipment And Acquisition Market To Register A Market Value Of $5.01bn In 2018” says Visiongain Report

25 July 2018
Energy

Visiongain’s new 214-page Marine Seismic Equipment & Acquisition Market Forecast 2018-2028: CAPEX Forecasts for Seismic Equipment (2D, 3D, Seismic Streamers and Associated Command and Control Systems, Seismic Sources and Associated Coordination Systems, 4C) with Revenue Forecasts for Acquisition by Contract (Proprietary & Multi Client Acquisition), Type (2D, 3D & OBS) and by Water Depth (Shallow Water, Deep water & Ultra-deep) Plus Market Share Analysis of Leading Companies and Regional Market Analysis report indicates that the marine seismic equipment and acquisition market will be worth $5.01bn in 2018.

The fall in the price of oil has caused oil companies to react by cutting exploration investments. This in turn has resulted in marine seismic acquisition companies making major spending cuts in order to remain profitable during this market downturn. Recovery in the marine seismic market will occur in line with the recovery of the oil price. Seismic data acquisition is expected to recover faster than the equipment market as companies can seek opportunities in both multi-client and proprietary work to utilise the availability of vessels and equipment.

The oil price fall in late 2014 caused a rapid fall in CAPEX in the equipment market. Over the next ten years, the 3D equipment submarket is expected to at grow at the lowest rate but has the biggest share. This is because of the need for higher-specification vessels and greater vessel efficiency in the future as a recovery in oil prices is anticipated; growth will occur despite the current cautious outlook on vessel orders. With regards to acquisition activity, the oil price fall will hold this back and decrease vessel utilisation rates. With a steady recovery of oil prices anticipated in the following years, seismic acquisition activity is also expected to follow the same trend but will also be affected by the cyclical nature of the exploration market.

The Marine Seismic Equipment & Acquisition Market Forecast 2018-2028: CAPEX Forecasts for Seismic Equipment (2D, 3D, Seismic Streamers and Associated Command and Control Systems, Seismic Sources and Associated Coordination Systems, 4C) with Revenue Forecasts for Acquisition by Contract (Proprietary & Multi Client Acquisition), Type (2D, 3D & OBS) and by Water Depth (Shallow Water, Deep water & Ultra-deep) Plus Market Share Analysis of Leading Companies and Regional Market Analysis report will be of value to anyone who wants to better understand the industry and its dynamics. It will be useful for businesses already involved in segment of the Marine Seismic market, or for those wishing to enter this growing market in the future.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on

Recent News

Visiongain Publishes Carbon Capture, Transportation & Storage Market Report 2021-2031

Visiongain expects that various public support mechanisms will remain the principal driver throughout the forecast period. Estimates for the cost of CCS range between research papers as well as between capture technologies and plant characteristics.

02 October 2020

Read

Visiongain Publishes Coal Tar Market Report 2020-2030

Supply gap due to production halt brought about by COVID-19 pandemic is expected restrict sales growth. However, the rising demand for coal tar products from the healthcare sector is expected to stabilize market growth during the forecast period.

25 September 2020

Read

Visiongain Publishes Circuit Tracers Market Report 2020-2030

Increasing raw material prices is expected to hinder market growth. Furthermore, short term demand drops from the industrial segment due to COVID-19 lockdowns is expected to decline circuit breaker sales.

25 September 2020

Read

Visiongain Publishes Choke and Kill Manifold Market Report 2020-2030

The expanding offshore drilling operations carried out under high-pressure and high temperature conditions, has resulted in the demand for choke and kill manifolds to witness a significant rise.

25 September 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever