Our comprehensive research on the Global Hydraulic Fracturing Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global hydraulic fracturing market size was US$ 26.1 billion in 2021. The global hydraulic fracturing market is forecast to grow to US$ 45.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The growing urban population and rising demand for oil, natural gases, and other resources are forecast to surge the growth of the global hydraulic fracturing market. In addition, the growing focus of industry players on increasing the productivity of crude oil is forecast to benefit the overall hydraulic fracturing market.
The rising deployment of cutting-edge technologies for exploring shale gas will contribute to the growth of the global hydraulic fracturing market over the forecast period. In addition, rising demand for natural gas and hydrocarbon will propel the hydraulic fracturing market forward.
Stringent rules and regulations related to environmental protection are forecast to restrict the growth of the global hydraulic fracturing market.
During the forecast period, technological advancements and the adoption of better procedures are forecast to drive the hydraulic fracturing market forward.
Regional Analysis
North America is forecast to dominate the global hydraulic fracturing market as the region is one of the major producers of crude oil and natural gas. In addition, growing drilling activities and new offshore projects are forecast to benefit the global hydraulic fracturing market during the study period. Asia-Pacific is forecast to register considerable growth, owing to the growing demand for energy in emerging economies like India and China. In addition, the increasing strategies by industry players, such as mergers and acquisitions, will benefit the regional market during the analysis period.
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Competitors in the Market
- Baker Hughes GE
- Schlumberger
- National Oilwell Varco
- Patterson-UTI Energy
- FracChem LLC
- TechnipFMC
- Halliburton
- Nuverra
- FTS International
- US Well Services
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Hydraulic Fracturing industry experienced notable growth in its workforce. Starting in January, employment within the Hydraulic Fracturing sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Hydraulic Fracturing output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Hydraulic Fracturing output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Hydraulic Fracturing market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Hydraulic Fracturing market.
Market Segmentation
The global hydraulic fracturing market segmentation focuses on Technology, Material, Application, and Region.
Based on the technology, the hydraulic fracturing market has been segmented into –
- Plug and Perf
- Sliding Sleeve
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Based on the material, the hydraulic fracturing market has been segmented into –
- Proppant
- Sand
- Ceramic
- Resin-coated sand
Based on the application, the hydraulic fracturing market has been segmented into –
- Shale gas
- Tight gas
- Tight oil
- CBM
Based on region, the hydraulic fracturing market has been segmented into –
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Hydraulic Fracturing Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Hydraulic Fracturing Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Hydraulic Fracturing Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Hydraulic Fracturing Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Hydraulic Fracturing market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Hydraulic Fracturing market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Hydraulic Fracturing business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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