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Micro Seismic Monitoring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Nov 01, 2024
Length 150 Pages
SKU # FOB19302843

Description

Micro Seismic Monitoring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Micro Seismic Monitoring Market

The global micro seismic monitoring market size was valued at USD 636.9 million in 2022 and is projected to grow from USD 672.3 million in 2023 to USD 1054.7 million by 2030, exhibiting a CAGR of 6.6% during the forecast period of 2024-2032.

The COVID-19 pandemic slowed the Micro Seismic Monitoring Market due to delayed business initiatives; however, it boosted the call for far-off-tracking technology, leading to sluggish market recovery, and impeding the micro seismic monitoring market growth.

The riding factors for the Micro Seismic Monitoring Market consist of developing calls for actual-time facts in oil and gas exploration, elevated consciousness on environmental safety, and rising adoption of advanced tracking technology for mining and geothermal activities.

Microseismic monitoring is increasingly incorporated with different geophysical facts to gain complete knowledge of subsurface situations. Specialists can create specified geological models and identify potential dangers by combining microseismic records with information from borehole records and seismic reflection records, expanding the global micro seismic monitoring market share. Additionally, machine-gaining knowledge of algorithms is being utilized to analyze microseismic statistics, allowing the identity of capability risks and optimizing operations.

Comprehensive Analysis of Micro Seismic Monitoring Market

The Micro Seismic Monitoring Market is segmented through process, factor, and cease-use industry. In phrases of system, records processing holds the most crucial percentage due to its potential to analyze sizable seismic records for subsurface danger identification, at the same time as records acquisition is expected to develop at the highest CAGR driven by way of a call for actual-time tracking in industries like oil and fuel. By thing the hardware section dominates with its essential position in capturing and transmitting seismic information, while services are projected to peer the fastest growth. Among end-use industries, oil and gas lead due to reliance on fracking, with energy and utilities poised for speedy increase.

The North America region led the micro seismic monitoring market by benefitting a size of USD 238.2 million in 2022 due to rising investments in herbal gasoline and efforts to reduce its greenhouse gas intensity and enhance associated infrastructure.

The leading players in the micro seismic monitoring market play a crucial role in shaping its growth and setting industry standards. These key companies, including Geospace Technologies (U.S.), Baker Hughes Company (U.S.), Halliburton (U.S.), Schlumberger (U.S.), Güralp Systems Ltd. (U.K.), MicroSeismic, Inc. (U.S.), ESG Solutions (Deep Imaging Technologies, Inc.) (U.S.), Silixa Ltd (U.K.), OptaSense (Luna Innovations) (U.K.), and Weir-Jones Group (U.S.), contribute to a highly competitive landscape, driving innovation and advancing market development.

In October 2023, Silixa Ltd brought DScover, a new well surveillance and optimization service. This carrier permits operators to beautify well placement and completion layout by combining superior evaluation with stepped-forward data obtained from DTS, DAS, and the newly applied DSS measurements.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.6% from 2023 to 2030

Unit Value (USD Million)

Segmentation By Process

Data Processing

Data Interpretation

Data Acquisition

Data Triangulation

By Component

Hardware

Software

Services

By End-use Industry

Mining

Oil & Gas

Energy & Utilities

Others (Construction)

By Region

North America (By Process, By Component, By End-use Industry, and By Country)

U.S.

Canada

Mexico

South America (By Process, By Component, By End-use Industry, and By Country)

Brazil

Argentina

Rest of South America

Europe (By Process, By Component, By End-use Industry, and By Country)

U.K.

Germany

France

Italy

Spain

Russia

Benelux

Nordics

Rest of Europe

Middle East & Africa (By Process, By Component, By End-use Industry, and By Country)

Turkey

Israel

GCC

North Africa

South Africa

Rest of the MEA

Asia Pacific (By Process, By Component, By End-use Industry, and By Country)

China

India

Japan

South Korea

ASEAN

Oceania

Rest of Asia Pacific

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Table of Contents

150 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Micro Seismic Monitoring Key Players Market Share/Ranking, 2022
5. Global Micro Seismic Monitoring Market Size Estimates and Forecasts, By Segments, 2019-2030
5.1. Key Findings
5.2. By Process (USD)
5.2.1. Data Processing
5.2.2. Data Interpretation
5.2.3. Data Acquisition
5.2.4. Data Triangulation
5.3. By Component (USD)
5.3.1. Hardware
5.3.2. Software
5.3.3. Services
5.4. By End-use Industry (USD)
5.4.1. Mining
5.4.2. Oil & Gas
5.4.3. Energy & Utilities
5.4.4. Others (Construction, etc.)
5.5. By Region (USD)
5.5.1. North America
5.5.2. South America
5.5.3. Europe
5.5.4. Middle East & Africa
5.5.5. Asia Pacific
6. North America Micro Seismic Monitoring Market Size Estimates and Forecasts, By Segments, 2019-2030
6.1. Key Findings
6.2. By Process (USD)
6.2.1. Data Processing
6.2.2. Data Interpretation
6.2.3. Data Acquisition
6.2.4. Data Triangulation
6.3. By Component (USD)
6.3.1. Hardware
6.3.2. Software
6.3.3. Services
6.4. By End-use Industry (USD)
6.4.1. Mining
6.4.2. Oil & Gas
6.4.3. Energy & Utilities
6.4.4. Others (Construction, etc.)
6.5. By Country (USD)
6.5.1. United States
6.5.2. Canada
6.5.3. Mexico
7. South America Micro Seismic Monitoring Market Size Estimates and Forecasts, By Segments, 2019-2030
7.1. Key Findings
7.2. By Process (USD)
7.2.1. Data Processing
7.2.2. Data Interpretation
7.2.3. Data Acquisition
7.2.4. Data Triangulation
7.3. By Component (USD)
7.3.1. Hardware
7.3.2. Software
7.3.3. Services
7.4. By End-use Industry (USD)
7.4.1. Mining
7.4.2. Oil & Gas
7.4.3. Energy & Utilities
7.4.4. Others (Construction, etc.)
7.5. By Country (USD)
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South America
8. Europe Micro Seismic Monitoring Market Size Estimates and Forecasts, By Segments, 2019-2030
8.1. Key Findings
8.2. By Process (USD)
8.2.1. Data Processing
8.2.2. Data Interpretation
8.2.3. Data Acquisition
8.2.4. Data Triangulation
8.3. By Component (USD)
8.3.1. Hardware
8.3.2. Software
8.3.3. Services
8.4. By End-use Industry (USD)
8.4.1. Mining
8.4.2. Oil & Gas
8.4.3. Energy & Utilities
8.4.4. Others (Construction, etc.)
8.5. By Country (USD)
8.5.1. United Kingdom
8.5.2. Germany
8.5.3. France
8.5.4. Italy
8.5.5. Spain
8.5.6. Russia
8.5.7. Benelux
8.5.8. Nordics
8.5.9. Rest of Europe
9. Middle East & Africa Micro Seismic Monitoring Market Size Estimates and Forecasts, By Segments, 2019-2030
9.1. Key Findings
9.2. By Process (USD)
9.2.1. Data Processing
9.2.2. Data Interpretation
9.2.3. Data Acquisition
9.2.4. Data Triangulation
9.3. By Component (USD)
9.3.1. Hardware
9.3.2. Software
9.3.3. Services
9.4. By End-use Industry (USD)
9.4.1. Mining
9.4.2. Oil & Gas
9.4.3. Energy & Utilities
9.4.4. Others (Construction, etc.)
9.5. By Country (USD)
9.5.1. Turkey
9.5.2. Israel
9.5.3. GCC
9.5.4. North Africa
9.5.5. South Africa
9.5.6. Rest of MEA
10. Asia Pacific Micro Seismic Monitoring Market Size Estimates and Forecasts, By Segments, 2019-2030
10.1. Key Findings
10.2. By Process (USD)
10.2.1. Data Processing
10.2.2. Data Interpretation
10.2.3. Data Acquisition
10.2.4. Data Triangulation
10.3. By Component (USD)
10.3.1. Hardware
10.3.2. Software
10.3.3. Services
10.4. By End-use Industry (USD)
10.4.1. Mining
10.4.2. Oil & Gas
10.4.3. Energy & Utilities
10.4.4. Others (Construction, etc.)
10.5. By Country (USD)
10.5.1. China
10.5.2. India
10.5.3. Japan
10.5.4. South Korea
10.5.5. ASEAN
10.5.6. Oceania
10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Geospace Technologies
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.2. Baker Hughes Company
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.3. Halliburton
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.4. Schlumberger
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.5. Güralp Systems Ltd.
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Current Revenue
11.6. MicroSeismic, Inc.
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Current Revenue
11.7. ESG Solutions (Deep Imaging Technologies, Inc.)
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Current Revenue
11.8. Silixa Ltd
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Current Revenue
11.9. OptaSense (Luna Innovations)
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Current Revenue
11.10. Weir-Jones Group
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Current Revenue
11.11. Recent Developments
12. Key Takeaways

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