The global land seismic equipment market is set to witness a higher CAGR during the forecast period. The land seismic equipment is based on field digitizing units combined with power cables for data transmission. On contrary, equipment manufacturers prefer new land systems were digitizers prevent any cable use. On this note, the field units are fuelled by batteries followed by use of data recorders in order to be more independent.
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Land seismic equipment market is driven by rise in demand for fuel by oil companies leading to rise in oil production and drilling of oil wells. Use of oilfield tools and services is a major contributor to the land seismic equipment market. In addition, constant R&D and inception of partnership ventures is more likely to propel the market growth during the forecast period. By industry, the land seismic equipment market is segmented as oil & gas, mining industry, construction industry and energy industry. Oil and gas segment account for a major share in the market growth owing to higher demand for fuel.
Geographical segmentation for land seismic equipment market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Middle East and Africa market is more likely to gain a significant CAGR during the forecast period owing to tremendous rise in mining and oil drilling activities. New discoveries pertaining to land mining and oil drilling activities will also result in conduct of seismic surveys leading to potential prospects.
North American and European markets are more likely to gain a full leverage in the international scenario due to the use of advanced technology for conducting seismic surveys. The key players profiled in the land seismic equipment market report are Mitcham Industries Inc, Geospace Technologies Corporation, CGG, BGP Inc., China National Petroleum Corporation, Fairfield Nodal, ION Geophysical Corporation and Schlumberger Limited.
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The global Land Seismic Equipment market was valued at $XX million in 2017, and Radiant Insights Research analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028.
This report provides detailed historical analysis of global market for Land Seismic Equipment from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Land Seismic Equipment market.
Leading players of Land Seismic Equipment including:
• Dawson Geophysical
• Polaris Seismic International
• Geospace Technologies
• Terrex Seismic
• Mitcham Industries
• Wireless Seismic
Market split by Type, can be divided into:
• 2D Seismic Equipment
• 3D Seismic Equipment
Market split by Application, can be divided into:
• Government Department
• Business Sector
• Industrial Sector
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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