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Geophysical Services in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Geophysical Services in Canada Market Research Report | NAICS 54136CA | Jun 2014

Climbing expedition: High commodity prices, particularly for oil and natural gas, will spur industry growth

IBISWorld’s Geophysical Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
7.6%
Annual Growth 14-19
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Profit
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Employment
7,432
Businesses
1,731
Industry Analysis & Industry Trends

The Geophysical Services industry gathers, interprets and maps geophysical data. Industry performance is dependent on demand for resource exploration from downstream oil, natural gas and mining industries, which is, in turn, largely dependent on movements in commodity prices. Therefore, volatile commodity prices have been responsible for the industry's unstable growth, although revenue increases are expected to be sustained over the next five years... purchase to read more

Industry Report - Industry Locations Chapter

Alberta

The distribution of establishments in the Geophysical Services industry is heavily skewed toward Alberta, which is expected to account for 71.2% of all industry operators in 2014. The concentration of activity in Alberta reflects the focus of industry activity on the location of oil, gas and mineral deposition. Alberta is considered the natural resource capital of Canada, and has the largest oil reserves in the country. The country's largest petroleum and petrochemical companies, including Suncor, Imperial, Husky, Cenovus and Canadian Natural all have operations in the region. The province is also home to one of the world's largest supplies of natural gas, accounting for the majority of all Canadian reserves... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Geophysical Services Industry?

Operators in this industry gather, interpret and map geophysical data. Firms often specialize in locating and measuring the extent of subsurface resources, such as oil, gas and minerals, but they may also conduct surveys for engineering purposes. Operators use a variety of surveying techniques depending on the purpose of the survey, including magnetic surveys, gravity surveys, seismic surveys or electrical and electromagnetic surveys.

Industry Products
Geophysical data salesGeophysical data collectionIntegrated geophysical servicesOther specialized services
 
Industry Activities
Geophysical surveying and mapping of subsurface terrain or formationsIdentifying subsurface fault lines and mineral depositsPerforming magnetic surveysPerforming gravity surveysPerforming seismic surveysPerforming electrical and electromagnetic surveysGeophysical surveying for metal mining (contract basis)Geophysical surveying for oil and gas fields (contract basis)Geophysical surveying for nonmetallic minerals (contract basis)


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