Global Pressure Pumping Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global pressure pumping market in its upcoming report titled, “Global Pressure Pumping Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global pressure pumping 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 pressure pumping 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 pressure pumping market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global pressure pumping market report has been segmented on the basis of service type, resource type, well type, and region.

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Pressure pumping is a method used for extraction of resources from the low permeability and extreme to break repositories such as tight gas, unconventional liquids, and shale gas. Pressure pumping process involves high pressure injection of fracking fluid (mainly water, containing sand or other prop pants suspended with the help of thickening agents) into wellbore to create cracks in the deep-rock formations through which resources such as petroleum, natural gas, and brine can flow freely.

Growing energy consumption and increasing demand for innovative technologies for extraction of natural resources are key factors driving growth of the global pressure pumping market. In addition, rise in drilling activities for oil extraction is another major factor expected to boost growth to the global pressure pumping market over the forecast period.

However, stringent environmental laws and regulations, and high installation costs are key factors restraining growth of the global pressure pumping market. Additionally, lack of professional workforce and unfavourable weather conditions are major factors expected to hamper growth of the global pressure pumping market over the forecast period.

North America is a dominant player in the global pressure pumping market and accounts for highest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to presence of major companies and high investments in R&D for technological advancement in the region. The market in Asia Pacific accounts for the second-highest revenue share contribution in the global pressure pumping market over the forecast period followed by the market in Latin America. Increasing number of deep water drilling activities in Mexico is expected to boost growth to the pressure pumping market in the Latin America region.

Global Pressure Pumping Market Segmentation:

Global pressure pumping market segmentation by service type:

• Hydraulic fracturing
• Cementing
• Other pressure pump services

Global pressure pumping market segmentation by resource type:

• Conventional
• Unconventional

Global pressure pumping market segmentation by well type:

• Horizontal
• Vertical

Global pressure pumping market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa