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North America Seismic Services Market Size

Report ID: GMI8828
Published Date: Apr 2024
Report Format: PDF

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North America Seismic Services Market

North America Seismic Services Market was valued at USD 3.2 billion in 2023 and is anticipated to grow at a CAGR of 6.1% during 2024 to 2032, driven by factors including increasing exploration and production activities in unconventional oil and gas reservoirs, such as shale formations.

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Technological advancements in seismic imaging and data processing enhance exploration efficiency and accuracy. Moreover, rising demand for energy and the need to replenish depleting reserves drive investment in seismic surveys to identify and exploit new hydrocarbon reserves, stimulating market growth in North America.

North America Seismic Services Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Seismic Services Market Size in 2023:	USD 3.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.1%
2032 Value Projection:	USD 5.6 Billion
Historical Data for:	2019 to 2023
No. of Pages:	105
Tables, Charts & Figures:	73
Segments covered:	Survey Type, End User
Growth Drivers:	Growing metal and minerals demand Rising environmental monitoring activities
Pitfalls & Challenges:	High initial investment

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America seismic services was reached USD 3.2 billion in 2023 and is anticipated to grow at 6.1% CAGR from 2024 to 2032, driven by increasing exploration and production activities in unconventional oil & gas reservoirs, such as shale formations.

North America seismic service market from the oil & gas segment is anticipated to grow at over 5.5% CAGR till 2032, fueled by increasing exploration and production activities, particularly in unconventional shale formations such as those found in the Permian Basin and Bakken Formation.

The U.S. seismic services market is projected to grow at over USD 4.7 billion by 2032, attributed to the growing demand for hydrocarbon reserves replenishment and the adoption of enhanced oil recovery techniques stimulate investment in seismic surveys.

Abitibi Geophysics, CGG, Echo Seismic Ltd., Fugro, Getech Group plc, Halliburton, INOVA Geophysical, PGS, Paradigm Group B.V., Ramboll Group A/S, SAExploration, Synterra Technologies, Spectrum Geophysics, SLB, TGS and Weatherford