PUBLISHER: Market Research Future | PRODUCT CODE: 1601601
PUBLISHER: Market Research Future | PRODUCT CODE: 1601601
APAC Geophysical Services for Offshore Wind Farm Market Research Report Information By Technology (Multibeam Echo Sounding (MBES), Side-Scan Sonar (SSS), Sub Bottom Profiling (SBP), Reflection Seismic Profiling, Magnetometer, ROV) By Location (Shallow Water, Transitional Water, Deep Water) and By Country (China, India, Japan, South Korea, Rest of Asia-Pacific) - Forecast to 2032
Asia-Pacific In 2023, the offshore wind farm geophysical services market was estimated to be worth USD 103.6 million. The sector for geophysical services for offshore wind farms is expected to expand at a compound annual growth rate (CAGR) of 18.4% from 2024 to 2032, from USD 127.7 million to USD 491.8 million.
A wide range of approaches and procedures are included in geophysical services, which are used to investigate and evaluate the physical characteristics of the Earth's subsurface. Numerous businesses, including mining, oil and gas, environmental science, and infrastructure development-especially for offshore wind farms-need these services. Without the necessity for direct drilling or excavation, the main goal of geophysical services is to gather comprehensive data and photographs about the subsurface structures. Seismic, magnetic, gravitational, and electrical surveys are among the techniques used in geophysical services.
One of the most used methods is seismic surveying, which produces precise maps of the subterranean structures by producing shock waves and documenting their reflections from beneath formations. To determine the distribution of different types of rocks and locate mineral resources, magnetic and gravitational surveys assess the Earth's magnetic field and gravitational force, respectively. In order to identify changes in the characteristics of rocks and soil, electrical and electromagnetic techniques assess the electrical conductivity beneath the surface. These techniques are frequently employed in environmental and groundwater studies.
Because they offer significant information about the physical properties of the seafloor and subsurface, geophysical services are essential to the development of offshore wind farms. These services collect data using a variety of methods and tools to evaluate offshore wind project viability, design, and construction.
Perspectives on Market Segments
Multibeam echo sounding (MBES), side-scan sonar (SSS), subbottom profiling (SBP), reflection seismic profiling, magnetometer, and remote underwater vehicle (ROV) are the product-based segments of the Asia-Pacific Geophysical Services for Offshore Wind Farm Market.
The APAC Geophysical Services for Offshore Wind Farm Market has been divided into three categories based on the locations: Shallow Water, Transitional Water, and Deep Water.
Country-Specific Perspectives
The offshore wind farm geophysical services market is divided into five countries: China, India, Japan, South Korea, and the rest of Asia-Pacific. The largest market share was held by Chinese geophysical services for offshore wind farms, which are also anticipated to generate a sizable portion of income over the course of the projection period. China's substantial offshore wind farm projects and aggressive investments in renewable energy are the main reasons for its dominance in the geophysical services market for offshore wind farms.
Fugro, Acteon, OYO Corporation, Gavin & Doherty Geosolutions (Venterra Group), Java Offshore Sdn Bhd, Kiso-Jiban Consultants Co., Ltd., TGS, GEOSTAR SURVEYS INDIA PVT. LTD., Ocean Engineering Corporation, RINA S.p.A., MMA Offshore Limited, Marine Information Technology Co., Ltd., Enviros, ABL Group, AFRY AB, and others are important players in the geophysical services market for offshore wind farms.