Global Hydraulic Fracturing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global hydraulic fracturing market in its upcoming report titled, “Global Hydraulic Fracturing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global hydraulic fracturing market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global hydraulic fracturing market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global hydraulic fracturing market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global hydraulic fracturing market report has been segmented on the basis of technology, material, application, and region.
Hydraulic fracturing is a process in which rocks are fractured by applying pressure through the use of high pressured water. Hydraulic fracturing is primarily used to obtain shale gas, tight gas, tight oil, and coal by cracking rocks. Fracturing process involves high-pressure injection of fracking fluid – a mixture of water, sand, and additives – into a wellbore to create cracks in deep-rock formations and to increase the number of hydrocarbons that can be extracted from the site.
Increasing exploration and production activities for shale gas, tight gas etc. is a key factor driving growth of the global hydraulic fracturing market. In addition, growing energy demand from various end users such as automotive & transportation, coupled with growth in unconventional hydrocarbon reserves are other factors expected to boost growth of the global hydraulic fracturing market over the forecast period.
However, high costs associated with hydraulic fracturing is a major factor restraining growth of the global hydraulic fracturing market. Additionally, problems associated with hydraulic fracturing, especially radioactive pollution is another factor anticipated to hamper growth of the global hydraulic fracturing market over the forecast period.
Currently, the market in North America market accounted for dominant revenue share in the global hydraulic fracturing market. This dominance can be attributed to rising demand for innovative technologies in oil & gas industry, and increasing production of shale gas in countries in the region. The market in Asia Pacific is projected to witness fastest growth over the forecast period, owing to growing energy demand and increasing number of discoveries of unconventional hydrocarbon reserves in emerging economies in the region. Also, the market in Middle East is expected to register moderate growth over the forecast period owing to presence of large untapped energy reserves in the region.
Global Hydraulic Fracturing Market Segmentation:
Global hydraulic fracturing market segmentation by technology:
- Plug and Perf
- Sliding Sleeve
Global hydraulic fracturing market segmentation by material:
- Resin coated sand
Global hydraulic fracturing market segmentation by application:
- Shale gas
- Tight gas
- Tight oil
Global hydraulic fracturing market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Schlumberger Limited
- Halliburton Company
- General Electric Company
- Calfrac Well Services Ltd.
- FTS International, Inc.
- Nabors Industries Ltd.
- Trican Well Service Ltd.
- United Oilfield Services, Inc.
- Patterson-UTI Energy, Inc.
- Cudd Energy Services, Inc.
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