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Microseismic Monitoring Technology Market

Microseismic Monitoring Technology Market (Process - Data Acquisition, Data Processing, Data Interpretation; Component - Hardware, Software, Services; End use - Mining, Oil and Gas) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Microseismic Monitoring Technology Market - Snapshot

Microseismic monitoring provides detailed information about the microseismicity of an area and how a rock is responding to mining or oil & gas production activities. It leads to increased efficiency and optimized operations. It is a valuable tool in understanding what a hydraulic fracture is doing in real time. Microseismic technology is significantly used in reservoir monitoring and domestic mining production monitoring abroad. It is an essential technology to enhance oil & gas production in exploration and development. Shale gas development depends primarily on large-scale fracturing through the establishment of long and wide artificial fractures that connect a large number of very complex fracture networks, thereby increasing the pressure relief area. Microseismic monitoring technology plays a significant role in understanding artificial fracture geometry, improving measures of increasing production, and monitoring the effect of adding more wells.

microseismic monitoring technology market

The global microseismic monitoring technology market is driven by an increase in use of the technology in environmental and geotechnical engineering as it helps in the evaluation of the real-time location of underground rock fractures. Furthermore, microseismic monitoring technology can be applied to the precursor-monitoring of a volcano or earthquake disaster as well as in rock burst monitoring in the process of exploitation of mineral resources. Furthermore, rise in the adoption of microseismic monitoring technologies in the oil & gas exploration industry is anticipated to drive the global microseismic monitoring technology market over the forecast period. Furthermore, significant use of this technology in hydraulic fracture mapping and reservoir monitoring is likely to have propel the global microseismic monitoring technology market. However, the uncertain nature of oil prices is estimated to hamper the global microseismic monitoring technology market.  Additionally, a number of companies are entering into collaborations with other companies in order to enhance the development of their business. For instance, in April 2017, Schlumberger Limited signed an agreement with Pemex for a multi-client seismic survey in the southern Gulf of Mexico. The agreement additionally incorporates coordinated effort with WesternGeco in the seismic handling period of the task and for future innovation joint efforts.

The global microseismic monitoring technology market has been segmented based on process, component, end-use, and region. Based on process, the market can be classified into data processing, data acquisition, and data interpretation. The data processing segment is expected to hold a significant market share during the forecast period, owing to significant cost efficiency and wider scope of applications of microseismic monitoring technology for data processing. In terms of component, the global microseismic monitoring technology market has been segmented into hardware, software, and services. Multiple usage capability owing to ease of integration with new hardware is projected to boost the software segment during the forecast period. Based on end-use, the global microseismic monitoring technology market has been segmented into mining and oil & gas.

In terms of geography, the global microseismic monitoring technology market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is anticipated to continue to lead the market in the near future due to the significant presence of prominent players such as Schlumberger Limited, ESG Solutions, Halliburton Company, and MicroSeismic, Inc. among others. Some of the other key players profiled in this report include Geospace Technologies Corporation, ION Geophysical Corporation, Landtech Geophysics Ltd., Weir-Jones Group, Guralp Systems Limited, and Fairfield Geotechnologies.

    1. Preface
         1.1. Market Definition and Scope
         1.2. Market Segmentation
         1.3. Key Research Objectives
         1.4. Research Highlights

    2. Assumptions and Research Methodology

    3. Executive Summary: Global Microseismic Monitoring Technology Market

    4. Market Overview
         4.1. Introduction
         4.2. Market Dynamics
                4.2.1. Drivers
                4.2.2. Restraints
                4.2.3. Opportunities
                4.2.4. Regulations and Policies
         4.3. Key Trends Analysis
         4.4. Key Market Indicators
         4.5. Global Microseismic Monitoring Technology Market Analysis and Forecast, 2016 - 2026
                4.5.1. Market Revenue Projections (US$ Mn)
         4.6. Porter’s Five Forces Analysis - Global Microseismic Monitoring Technology Market 
         4.7. Value Chain Analysis - Global Microseismic Monitoring Technology Market 
         4.8. Market Outlook

    5. Global Microseismic Monitoring Technology Market Analysis and Forecast, by Process
         5.1. Overview & Definitions 
         5.2. Key Trends
         5.3. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Process, 2016 - 2026
                5.3.1. Data Acquisition
                5.3.2. Data Processing
                5.3.3. Data Interpretation
         5.4. Process Comparison Matrix
         5.5. Market Attractiveness by Process

    6. Global Microseismic Monitoring Technology Market Analysis and Forecast, by Component
         6.1. Overview & Definitions 
         6.2. Key Trends
         6.3. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Component, 2016 - 2026
                6.3.1. Hardware (Geophones,
                6.3.2. Seismometer, etc.) 
                6.3.3. Software
                6.3.4. Services 
         6.4. Component Comparison Matrix
         6.5. Market Attractiveness by Component

    7. Global Microseismic Monitoring Technology Market Analysis and Forecast, by End-use
         7.1. Overview & Definitions 
         7.2. Key Trends
         7.3. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by End-use, 2016 - 2026
                7.3.1. Mining 
                7.3.2. Oil & Gas
                7.3.3. Others
         7.4. End-use Comparison Matrix
         7.5. Market Attractiveness by End-use

    8. Global Microseismic Monitoring Technology Market Analysis and Forecast, by Region
         8.1. Key Findings
         8.2. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Region, 2016 - 2026
                8.2.1. North America
                8.2.2. Europe
                8.2.3. Asia Pacific
                8.2.4. Middle East and Africa
                8.2.5. South America
         8.3. Market Attractiveness by Region

    9. North America Microseismic Monitoring Technology Market Analysis and Forecast 
         9.1. Key Findings
         9.2. Key Trends
         9.3. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Process, 2016 - 2026
                9.3.1. Data Acquisition
                9.3.2. Data Processing
                9.3.3. Data Interpretation
         9.4. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Component, 2016 - 2026
                9.4.1. Hardware (Geophones,
                9.4.2. Seismometer, etc.) 
                9.4.3. Software
                9.4.4. Services
         9.5. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by End-use, 2016 - 2026
                9.5.1. Mining 
                9.5.2. Oil & Gas
                9.5.3. Others
         9.6. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Country, 2016 - 2026
                9.6.1. The U.S.
                9.6.2. Canada
                9.6.3. Rest of North America
         9.7. Market Attractiveness Analysis 
                9.7.1. By Process
                9.7.2. By Component
                9.7.3. By End-use
                9.7.4. By Country

    10. Europe Microseismic Monitoring Technology Market Analysis and Forecast 
         10.1. Key Findings
         10.2. Key Trends
         10.3. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Process, 2016 - 2026
                10.3.1. Data Acquisition
                10.3.2. Data Processing
                10.3.3. Data Interpretation
         10.4. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Component, 2016 - 2026
                10.4.1. Hardware (Geophones,
                10.4.2. Seismometer, etc.) 
                10.4.3. Software
                10.4.4. Services
         10.5. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by End-use, 2016 - 2026
                10.5.1. Mining 
                10.5.2. Oil & Gas
                10.5.3. Others
         10.6. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Country, 2016 - 2026
                10.6.1. The U.K.
                10.6.2. Rest of Europe
         10.7. Market Attractiveness Analysis 
                10.7.1. By Process
                10.7.2. By Component
                10.7.3. By End-use
                10.7.4. By Country

    11. Asia Pacific Microseismic Monitoring Technology Market Analysis and Forecast 
         11.1. Key Findings
         11.2. Key Trends
         11.3. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Process, 2016 - 2026
                11.3.1. Data Acquisition
                11.3.2. Data Processing
                11.3.3. Data Interpretation
         11.4. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Component, 2016 - 2026
                11.4.1. Hardware (Geophones,
                11.4.2. Seismometer, etc.) 
                11.4.3. Software
                11.4.4. Services
         11.5. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by End-use, 2016 - 2026
                11.5.1. Mining 
                11.5.2. Oil & Gas
                11.5.3. Others
         11.6. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Country, 2016 - 2026
                11.6.1. China
                11.6.2. Australia
                11.6.3. Rest of Asia Pacific
         11.7. Market Attractiveness Analysis 
                11.7.1. By Process
                11.7.2. By Component
                11.7.3. By End-use
                11.7.4. By Country

    12. Middle East & Africa Microseismic Monitoring Technology Market Analysis and Forecast

        12.1. Key Findings
         12.2. Key Trends
         12.3. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Process, 2016 - 2026
                12.3.1. Data Acquisition
                12.3.2. Data Processing
                12.3.3. Data Interpretation
         12.4. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Component, 2016 - 2026
                12.4.1. Hardware (Geophones,
                12.4.2. Seismometer, etc.) 
                12.4.3. Software
                12.4.4. Services
         12.5. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by End-use, 2016 - 2026
                12.5.1. Mining 
                12.5.2. Oil & Gas
                12.5.3. Others
         12.6. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Country, 2016 - 2026
                12.6.1. GCC Countries
                12.6.2. Rest of Middle East and Africa
         12.7. Market Attractiveness Analysis 
                12.7.1. By Process
                12.7.2. By Component
                12.7.3. By End-use
                12.7.4. By Country

    13. South America Microseismic Monitoring Technology Market Analysis and Forecast 
         13.1. Key Findings
         13.2. Key Trends
         13.3. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Process, 2016 - 2026
                13.3.1. Data Acquisition
                13.3.2. Data Processing
                13.3.3. Data Interpretation
         13.4. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Component, 2016 - 2026
                13.4.1. Hardware (Geophones,
                13.4.2. Seismometer, etc.) 
                13.4.3. Software
                13.4.4. Services
         13.5. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by End-use, 2016 - 2026
                13.5.1. Mining 
                13.5.2. Oil & Gas
                13.5.3. Others
         13.6. Microseismic Monitoring Technology Market Value(US$ Mn) Forecast, by Country, 2016 - 2026
                13.6.1. Argentina
                13.6.2. Rest of South America
         13.7. Market Attractiveness Analysis 
                13.7.1. By Process
                13.7.2. By Component
                13.7.3. By End-use
                13.7.4. By Country

    14. Competition Landscape
         14.1. Market Player – Competition Matrix
         14.2. Market Share Analysis
         14.3. Company Profiles (Details – Basic Overview, , Revenue, SWOT Analysis, Strategy)
                14.3.1. Microseismic, Inc. 
                14.3.2. Geospace Technologies Corporation 
                14.3.3. ESG Solutions
                14.3.4. Halliburton Company 
                14.3.5. ION Geophysical Corporation
                14.3.6. Landtech Geophysics Ltd 
                14.3.7. Schlumberger Limited
                14.3.8. Weir-Jones Group 
                14.3.9. Guralp Systems Limited
                14.3.10. Fairfield Geotechnologies

    15. Key Takeaways

    List of Tables

    Table 1: Global Microseismic Monitoring Technology Market Revenue Forecast, by Process, 2016–2026 (US$ Mn)
    Table 2: Global Microseismic Monitoring Technology Market Revenue Forecast, by Component, 2016–2026 (US$ Mn)
    Table 3: Global Microseismic Monitoring Technology Market Revenue Forecast, by End-use, 2016–2026 (US$ Mn)
    Table 4: Global Microseismic Monitoring Technology Market Revenue Forecast, by Region, 2016–2026 (US$ Mn)
    Table 5: North America Microseismic Monitoring Technology Market Revenue Forecast, by Process, 2016–2026 (US$ Mn)
    Table 6: North America Microseismic Monitoring Technology Market Revenue Forecast, by Component, 2016–2026 (US$ Mn)
    Table 7: North America Microseismic Monitoring Technology Market Revenue Forecast, by End-use, 2016–2026 (US$ Mn)
    Table 8: North America Microseismic Monitoring Technology Market Revenue Forecast, by Country, 2016 – 2026
    Table 9: Europe Microseismic Monitoring Technology Market Revenue Forecast, by Process, 2016–2026 (US$ Mn)
    Table 10: Europe Microseismic Monitoring Technology Market Revenue Forecast, by Component, 2016–2026 (US$ Mn)
    Table 11: Europe Microseismic Monitoring Technology Market Revenue Forecast, by End-use, 2016–2026 (US$ Mn)
    Table 12: Europe Microseismic Monitoring Technology Market Revenue Forecast, by Country, 2016 – 2026 (US $ Mn)
    Table 13: Asia Pacific Microseismic Monitoring Technology Market Revenue Forecast, by Process, 2016–2026 (US$ Mn)
    Table 14: Asia Pacific Microseismic Monitoring Technology Market Revenue Forecast, by Component, 2016–2026 (US$ Mn)
    Table 15: Asia Pacific Microseismic Monitoring Technology Market Revenue Forecast, by End-use, 2016–2026 (US$ Mn)
    Table 16: Asia Pacific Microseismic Monitoring Technology Market Revenue Forecast, by Country, 2016 – 2026
    Table 17: Middle East & Africa Microseismic Monitoring Technology Market Revenue Forecast, by Process, 2016–2026 (US$ Mn)
    Table 18: Middle East & Africa Microseismic Monitoring Technology Market Revenue Forecast, by Component, 2016–2026 (US$ Mn)
    Table 19: Middle East & Africa Microseismic Monitoring Technology Market Revenue Forecast, by End-use, 2016–2026 (US$ Mn)
    Table 20: Middle East & Africa Microseismic Monitoring Technology Market Revenue Forecast, by Country, 2016 – 2026 (US $ Mn)
    Table 21: South America Microseismic Monitoring Technology Market Revenue Forecast, by Process, 2016–2026 (US$ Mn)
    Table 22: South America Microseismic Monitoring Technology Market Revenue Forecast, by Component, 2016–2026 (US$ Mn)
    Table 23: South America Microseismic Monitoring Technology Market Revenue Forecast, by End-use, 2016–2026 (US$ Mn)
    Table 24: South America Microseismic Monitoring Technology Market Revenue Forecast, by Country, 2016 – 2026 (US $ Mn)

    List of Figures

    Figure 1: Global Microseismic Monitoring Technology Market
    Figure 2: Global Microseismic Monitoring Technology Market Revenue Projection and Y – o – Y Growth, 2016-2026 (US$ Mn)
    Figure 3: Global Microseismic Monitoring Technology Market Overview (US$ Mn)
    Figure 4: Global Microseismic Monitoring Technology Market, by Process (2018)
    Figure 5: Global Microseismic Monitoring Technology Market, by Component (2018)
    Figure 6: Global Microseismic Monitoring Technology Market, by End-use (2018)
    Figure 7: Global Microseismic Monitoring Technology Market Value Share Analysis, by Process, 2018 and 2026
    Figure 8: Segment Growth Matrix, 2018 - 26 (%)
    Figure 9: Segment Revenue Contribution, 2018 - 26 (%)
    Figure 10: Segment Compounded Growth Matrix (CAGR %)
    Figure 11: Global Microseismic Monitoring Technology Market Attractiveness Analysis, by Process
    Figure 12: Global Microseismic Monitoring Technology Market Value Share Analysis, by Component, 2018 and 2026
    Figure 13: Segment Growth Matrix, 2018 - 26 (%)
    Figure 14: Segment Revenue Contribution, 2018 - 26 (%)
    Figure 15: Segment Compounded Growth Matrix (CAGR %)
    Figure 16: Global Microseismic Monitoring Technology Market Attractiveness Analysis, by Component
    Figure 17: Global Microseismic Monitoring Technology Market Value Share Analysis, by End-use, 2018 and 2026
    Figure 18: Segment Growth Matrix, 2018 - 26 (%)
    Figure 19: Segment Revenue Contribution, 2018 - 26 (%)
    Figure 20: Segment Compounded Growth Matrix (CAGR %)
    Figure 21: Global Microseismic Monitoring Technology Market Attractiveness Analysis, by End-use
    Figure 22: Global Microseismic Monitoring Technology Market Value Share Analysis, by Region, 2018 and 2026
    Figure 23: Global Microseismic Monitoring Technology Market Attractiveness Analysis, by Region
    Figure 24: North America Microseismic Monitoring Technology Market Revenue (US$ Mn) Forecast, 2016 – 2026
    Figure 25: North America Microseismic Monitoring Technology Market Y-o-Y Forecast, 2016 – 2026
    Figure 26: North America Microseismic Monitoring Technology Market Share Analysis, by Process, 2018 and 2026
    Figure 27: North America Microseismic Monitoring Technology Market Share Analysis, by Component, 2018 and 2026
    Figure 28: North America Microseismic Monitoring Technology Market Value Share Analysis, by End-use, 2018 and 2026
    Figure 29: North America Microseismic Monitoring Technology Market Share Analysis, by Country, 2018 and 2026
    Figure 30: North America Microseismic Monitoring Technology Market Attractiveness Analysis, by Process
    Figure 31: North America Microseismic Monitoring Technology Market Attractiveness Analysis, by Component
    Figure 32: North America Microseismic Monitoring Technology Market Attractiveness Analysis, by End-use
    Figure 33: North America Microseismic Monitoring Technology Market Attractiveness Analysis, by Country
    Figure 34: Europe Microseismic Monitoring Technology Market Revenue (US$ Mn) Forecast, 2016 – 2026
    Figure 35: Europe Microseismic Monitoring Technology Market Y-o-Y Forecast, 2016 – 2026
    Figure 36: Europe Microseismic Monitoring Technology Market Share Analysis, by Process, 2018 and 2026
    Figure 37: Europe Microseismic Monitoring Technology Market Share Analysis, by Component, 2018 and 2026
    Figure 38: Europe Microseismic Monitoring Technology Market Value Share Analysis, by End-use, 2018 and 2026
    Figure 39: Europe Microseismic Monitoring Technology Market Share Analysis, by Country, 2018 and 2026
    Figure 40: Europe Microseismic Monitoring Technology Market Attractiveness Analysis, by Process
    Figure 41: Europe Microseismic Monitoring Technology Market Attractiveness Analysis, by Component
    Figure 42: Europe Microseismic Monitoring Technology Market Attractiveness Analysis, by End-use
    Figure 43: Europe Microseismic Monitoring Technology Market Attractiveness Analysis, by Country
    Figure 44: Asia Pacific Microseismic Monitoring Technology Market Revenue (US$ Mn) Forecast, 2016 – 2026
    Figure 45: Asia Pacific Microseismic Monitoring Technology Market Y-o-Y Forecast, 2016 – 2026
    Figure 46: Asia Pacific Microseismic Monitoring Technology Market Share Analysis, by Process, 2018 and 2026
    Figure 47: Asia Pacific Microseismic Monitoring Technology Market Share Analysis, by Component, 2018 and 2026
    Figure 48: Asia Pacific Microseismic Monitoring Technology Market Value Share Analysis, by End-use, 2018 and 2026
    Figure 49: Asia Pacific Microseismic Monitoring Technology Market Share Analysis, by Country, 2018 and 2026
    Figure 50: Asia Pacific Microseismic Monitoring Technology Market Attractiveness Analysis, by Process
    Figure 51: Asia Pacific Microseismic Monitoring Technology Market Attractiveness Analysis, by Component
    Figure 52: Asia Pacific Microseismic Monitoring Technology Market Attractiveness Analysis, by End-Use
    Figure 53: Asia Pacific Microseismic Monitoring Technology Market Attractiveness Analysis, by Country
    Figure 54: Middle East & Africa Microseismic Monitoring Technology Market Revenue (US$ Mn) Forecast, 2016 – 2026
    Figure 55: Middle East & Africa Microseismic Monitoring Technology Market Y-o-Y Forecast, 2016 – 2026
    Figure 56: Middle East & Africa Microseismic Monitoring Technology Market Share Analysis, by Process, 2018 and 2026
    Figure 57: Middle East & Africa Microseismic Monitoring Technology Market Share Analysis, by Component, 2018 and 2026
    Figure 58: Middle East & Africa Microseismic Monitoring Technology Market Value Share Analysis, by End-use, 2018 and 2026
    Figure 59: Middle East & Africa Microseismic Monitoring Technology Market Share Analysis, by Country, 2018 and 2026
    Figure 60: Middle East & Africa Microseismic Monitoring Technology Market Attractiveness Analysis, by Process
    Figure 61: Middle East & Africa Microseismic Monitoring Technology Market Attractiveness Analysis, by Component
    Figure 62: Middle East & Africa Microseismic Monitoring Technology Market Attractiveness Analysis, by End-use
    Figure 63: Middle East & Africa Microseismic Monitoring Technology Market Attractiveness Analysis, by Country
    Figure 64: South America Microseismic Monitoring Technology Market Revenue (US$ Mn) Forecast, 2016 – 2026
    Figure 65: South America Microseismic Monitoring Technology Market Y-o-Y Forecast, 2016 – 2026
    Figure 66: South America Microseismic Monitoring Technology Market Share Analysis, by Process, 2018 and 2026
    Figure 67: South America Microseismic Monitoring Technology Market Share Analysis, by Component, 2018 and 2026
    Figure 68: South America Microseismic Monitoring Technology Market Value Share Analysis, by End-use, 2018 and 2026
    Figure 69: South America Microseismic Monitoring Technology Market Share Analysis, by Country, 2018 and 2026
    Figure 70: South America Microseismic Monitoring Technology Market Attractiveness Analysis, by Process
    Figure 71: South America Microseismic Monitoring Technology Market Attractiveness Analysis, by Component
    Figure 72: South America Microseismic Monitoring Technology Market Attractiveness Analysis, by End-use
    Figure 73: South America Microseismic Monitoring Technology Market Attractiveness Analysis, by Country
    Figure 74: Global Microseismic Monitoring Technology Market Revenue Share Analysis, by Company (2017)
    Figure 75: Geospace Technologies Corporation Net Sales, by Region, (2017)
    Figure 76: Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
    Figure 77: Halliburton Net Sales, by Region, (2017)
    Figure 78: Halliburton Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
    Figure 79: ION Geophysical Corporation Net Sales, by Region, (2017)
    Figure 80: ION Geophysical Corporation Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
    Figure 81: Schlumberger Limited Net Sales, by Region, (2017)
    Figure 82: Schlumberger Limited Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017

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Microseismic Monitoring Technology Market

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