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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Key Buyers Chapter

Market share concentration in the Geophysical Services industry has been rising during the past five years, although it remains low. In 2014, IBISWorld estimates that the four largest companies will account for 37.7% of industry revenue. Industry revenue is expected to considerably grow during the five years to 2014, as is revenue for the industry's largest companies. For example, industry-relevant revenue for Schlumberger, the industry's largest player, is expected to increase an estimated 12.4% during the five years to 2014, including an astronomical 40.8% increase in 2011 alone.

Although industry concentration has increased during the five years to 2014, it remains relatively low due to the industry's fragmented structure... 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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