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Key Insights for the Land Seismic Equipment and Acquisition Market| TechnavioThe latest market research report by Technavio on the global land seismic equipment and acquisition market predicts a CAGR of around 3% during the period 2017-2021. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171130006323/en/ 
Technavio has published a new market research report on the global land seismic equipment and acquisition market from 2017-2021. (Graphic: Business Wire) The report segments the global land seismic equipment and acquisition market by type (acquisition and equipment) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges. Here are some key findings of the global land seismic equipment and acquisition market, according to Technavio energy researchers:
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Rising global demand for oil and gas: a major market driver
Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. EMEA: largest land seismic equipment and acquisition market Technavio researchers anticipate high growth for the global land seismic equipment and acquisition market in EMEA as it is home to a majority of OPEC countries that are involved in oil and gas production. The Middle East countries possess large petroleum reserves. The rising global demand for oil and gas will require increased drilling activities in the region, in turn resulting in the need to carry out seismic surveys for new exploration activities. Most of the new exploration blocks are in Koppet Dagh, Zagros, and the Middle Eastern Gulf region. Iran is also planning to develop existing reserves along with exploring new blocks. According to Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on oil and gas, "New discoveries in the region will also increase the demand for carrying out seismic surveys to increase the prospects from discoveries. This coupled with new land seismic project contracts will drive the demand for land seismic equipment and acquisition in EMEA during the forecast period. The land seismic equipment and acquisition market in EMEA is dominated by Saudi Arabia, followed by Algeria and Oman." Competitive vendor landscape The global land seismic equipment and acquisition market is fairly concentrated with many big and small vendors that offer seismic equipment and data acquisition services. The major vendors in the land seismic equipment and acquisition market are CGG, Dawson Geophysical, Geometrics, IG Seismic Services, and SAExploration. With new exploration areas coming up across the world, vendors are looking to extend their seismic survey capabilities with innovations such as wireless data acquisition as well as using 4D seismic surveys and drones. Get a sample copy of the global land seismic equipment and acquisition market report free of cost Access Technavio's continuously growing oil and gas research library and find expert analysis on hundreds of markets. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20171130006323/en/ |
