The geophysical data collection market is positively impacted by the increase in living standards


Global Geophysical Data Collection Market Report 2022 – Market Size, Global Trends and Forecast 2022-2026

The Business Research Company Global Geophysical Data Collection Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, United Kingdom, January 10, 2022 /EINPresswire.com/ – The increased need for a better understanding of producing reservoirs and design tasks to meet the current and future energy needs of the world have contributed to the growth of geophysical data collection market. The increase in population, the rise in the standard of living and the pursuit of economic development will require a large amount of energy. According to Population Change, the world’s population is expected to grow from 7.8 billion in 2020 to 9.9 billion in 2050. Fossil fuels are expected to meet more than 50% of primary energy demand, as a large part of energy world is produced by burning fossil fuels such as oil, coal and gas. According to ET EnergyWorld, demand for petrochemicals is expected to double over the next 20 to 30 years or so, from 20 million barrels per day to 22 million barrels per day. The geophysical data collection market research shows that increasing population combined with increasing demand for resources is expected to positively impact the geophysical data collection market.

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The global geophysical data collection market size is expected to grow from $ 6.61 billion in 2021 to $ 6.84 billion in 2022 at a compound annual growth rate (CAGR) of 3.4%. The growth in the geophysical data collection market is primarily driven by companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, labor remote and shutting down business activities which resulted in operational challenges. The geophysical data collection market is expected to reach $ 7.35 billion in 2026 at a CAGR of 1.8%.

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TBRC’s Geophysical Data Collection Market Overview shows that technology collaborations are a key trend in geophysical data acquisition. Technological collaborations are becoming necessary to keep pace with digital transformations. Artificial intelligence and machine learning methods are deployed and accepted in geophysical services. In September 2019, Tomlinson Geophysical Services (TGS), a multi-tenant provider of geoscience data for an oil and gas company, announced a technology collaboration with Quantico Energy Solutions (Quantico), an artificial intelligence (AI) company that focuses on the provision of underground solutions. for exploration and production, (or) oil and gas companies. The collaboration is to leverage their respective offerings of seismic data, AI-based well logs and AI-based seismic reversal. In this collaboration, TGS will use the Analytics Ready LAS (ARLAS) solution. ARLAS uses machine learning algorithms to predict the missing curve. Quantico uses a QRes solution that combines physics and machine learning to map the subsoil in a fraction of the time as inversion software. Through the integration of QRes and the ARLAS solution, TGS customers will have access to comprehensive geoscience data and AI solutions.

The main players covered in the global geophysical data collection industry are Compagnie G̩n̩rale De G̩ophysique (CGG), TGS-NOPEC Geophysical, Dawson Geophysical, Geotech, Geophysical Survey Systems, ION Geophysical Corporation, Phoenix Geophysics, Schlumberger РWesterngeco, Petroleum Geo-Services and CSA Global.

TBRC Global Geophysical Data Collection Market Analysis Report is segmented by Service into Data Acquisition, Data Processing, Interpretation, by 2D Imaging Technology, 3D Imaging, 4D Imaging, by End User in Agriculture , the environment, minerals and mining, oil and gas, water exploration.

Global Geophysical Data Collection Market Report 2022 – By Service (Data Acquisition, Data Processing, Interpretation), By Technology (2D Imaging, 3D Imaging, 4D Imaging), By End User (Agriculture, Environment, Minerals & Mining, Oil & Gas, Water Exploration) – Global Market Size, Trends and Forecasts 2022 – 2026 is part of a series of new reports from The Business Research Company which provides market overview for geophysical data collection, forecast geophysical data collection market size and growth for the overall market, geophysics data collection market segments, geographies, geophysical data collection market trends, data collection market drivers geophysical data, constraints, revenues, profiles and market shares of the main competitors.

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