Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024 | Rise in Deepwater and Ultra-deepwater E&P Projects to Boost Growth | Technavio

  • Mar 10, 2020
  • Business Wire

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the offshore oil and gas seismic equipment and acquisitions market and it is poised to grow by USD 1.39 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request a free sample report

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Polarcus Ltd., SAExploration Holdings Inc., SeaBird Exploration Plc, Shearwater GeoServices Holdings AS and TGS-NOPEC Geophysical Co. ASA are some of the major market participants. Although the rise in deepwater and ultra-deepwater E&P projects will offer immense growth opportunities, overcapacity constraints with seismic vessel fleets will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Rise in deepwater and ultra-deepwater E&P projects has been instrumental in driving the growth of the market. However, overcapacity constraints with seismic vessel fleets might hamper market growth.

Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Segmentation

Offshore Oil and Gas Seismic Equipment and Acquisitions Market is segmented as below:

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Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our offshore oil and gas seismic equipment and acquisitions market report covers the following areas:

This study identifies increasing adoption of 4D seismic survey technology as one of the prime reasons driving the offshore oil and gas seismic equipment and acquisitions market growth during the next few years.

Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the offshore oil and gas seismic equipment and acquisitions market, including some of the vendors such as Polarcus Ltd., SAExploration Holdings Inc., SeaBird Exploration Plc, Shearwater GeoServices Holdings AS and TGS-NOPEC Geophysical Co. ASA Backed with competitive intelligence and benchmarking, our research reports on the offshore oil and gas seismic equipment and acquisitions market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Key Highlights

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 17,000 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.