Quadintel recently published a new research report on the Global Hydraulic Fracturing Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Hydraulic Fracturing Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global hydraulic fracturing market to reach USD 53.9 billion by 2027. Global hydraulic fracturing market is valued approximately at USD 32.3 billion in 2020 and is anticipated to grow with a healthy growth rate of about 7.6% over the forecast period 2021-2027.
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Hydraulic fracturing (informally known as fracking) refers to an oil and gas well development procedure that typically includes injection of water, chemicals and sand under high pressure via the well into a bedrock formation. It is a well-stimulation technique which is commonly used in low-permeability rocks such as shale, tight sandstone, as well as some coal beds for increasing oil and gas flow to the well from petroleum-bearing rock formation. The global hydraulic fracturing market is being driven by increasing shale exploration and production activities globally and growing demand for hydraulic fracturing technology with increasing requirement for energy.
Furthermore, capability of foams of providing waterless fracking will provide new opportunities for the global hydraulic fracturing industry. According to Statista, the total production of shale gas in the United States is expected to increase from 37 billion cubic feet per day in 2015 to approximately 80 billion cubic feet per day by 2040. Also, in China, it is expected to increase from 0.5 billion cubic feet per day in 2015 to approximately 22 billion cubic feet per day by 2040. Such growth in the production of shale gas is expected to increase the adoption of hydraulic fracturing and hence, this is likely to boost the market growth. However, growing concerns regarding seismic activities due to hydraulic fracturing may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global hydraulic fracturing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global hydraulic fracturing market over the forecast period 2021-2027. Factors such as presence of key market players in the region, expansion of producing well base, new well drilling, new offshore projects, increased drilling activities, matured fields redevelopment, etc. contribute towards the largest market share of the region. Also, growth in oil production and exploration is expected to promote the market growth in the North America in the forecast years.
Major market player included in this report are:
Halliburton
Schlumberger
Baker Hughes
NexTier Oilfield Solutions
Calfrac Well Services
Trican Well Service
STEP Energy Services
Nine Energy Services
FTS International
U.S. Well Services
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology:
Plug & Perf
Sliding Sleeve
By Application:
Shale Gas
Tight Oil
Tight Gas
By Well Type:
Horizontal Well
Vertical Well
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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List of Factors Covered in the Report are:
Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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