Revenue from the Geological Prospecting and Seismic Instrument Manufacturing industry in China has been growing at an average annual rate of 17.3% in the five years through 2015. In 2015, revenue is expected to grow 10.8% to $2.8 billion, mainly driven by increased exports and growing demand from downstream markets. Exports are estimated to account for 15.3% of industry revenue in 2015.
Frequent earthquake and geological disasters in recent years have led to an increase in geological prospecting in China. In 2008, the Wenchuan earthquake in Sichuan province led to enhanced seismic surveillance and rising industry demand.
The Geological Prospecting and Seismic Instrument Manufacturing industry in China manufactures professional instruments and apparatus for geological prospecting and drilling. Products in this industry include electrical instruments, magnetic prospecting instruments, geophysical prospecting instruments, geochemical exploration instruments, drilling logging instruments, mud analyzers, seismoscopes, photogrammetric instruments, and mine safety instruments.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.