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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 | Jan 2017

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

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
$1bn
Annual Growth 11-16
-2.5%
Annual Growth 16-21
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Profit
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Employment
8,667
Businesses
1,461
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 Key Buyers Chapter

The Geophysical Services industry is characterized by a low to medium market share concentration. In 2016, IBISWorld estimates that the four largest companies will account for 28.2% of industry revenue. Although industry revenue grew over the past five years, the industry has been subject to significant volatility. Early in the period, the industry boomed following a substantial decline during the recession. More recently, the decline in the world price of crude oil has sent the industry into another deep contraction. The performance of the industry's largest companies has largely mirrored these trends. For example, while the industry-relevant revenue for Schlumberger, the industry's largest player, is expected to decrease an estimated 6.0% o.. 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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