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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 | Dec 2015

Healthy earth: Operators will benefit from greater government demand for industry services

IBISWorld’s Geophysical Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
0.5%
Annual Growth 15-20
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Profit
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Employment
6,583
Businesses
1,370
Industry Analysis & Industry Trends

The Geophysical Services industry gathers, interprets and maps geophysical data. Since demand for geophysical services is dependent on the global oil, gas and mining sectors, volatile commodity prices have been responsible for the industry's unstable growth. In the coming years, industry operators are expected to benefit from greater government demand for geophysical services, as the federal government attempts to stimulate new resource exploration... purchase to read more

Industry Report - Industry Analysis Chapter

Operators in the Geophysical Services industry gather, interpret and map geophysical data to locate and measure the extent of subsurface resources, such as oil, gas and minerals, although operators also conduct surveys for engineering purposes. As a result, industry growth is largely contingent on oil, natural gas and mineral exploration, which, in turn, is dependent on global energy prices and the capacity to economically exploit existing reserves. Furthermore, increased demand for natural resources from developing economies, such as China and India, has spurred global demand for new resource exploration during the past decade.

Over the five years to 2015, the Geophysical Services industry is expected to grow 0.5% per year on average to more than $1.1 billion... 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. They often specialize in locating and measuring the extent of subsurface resources, such as oil, gas and minerals, but 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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