Global Hydraulic Fracturing Market -By Technology (Sliding Sleeve And Plug-And-Perforation), By Well (Vertical And Horizontal), By Application (Shale Gas, Crude Oil, Tight Oil, And Tight Gas), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Hydraulic Fracturing market, which was estimated at 28 (USD Billion) in 2019 and is predicted to accrue earnings worth 36 (USD Billion) by 2026, is set to record a CAGR of nearly 8.54% over 2020-2026.

19-Oct-2020 | Number of pages: 110 | Report Code: ZMR-1767 | Report Format : | Status : Published

Abstract

The global Hydraulic Fracturing market, which was estimated at 28 (USD Billion) in 2019 and is predicted to accrue earnings worth 36 (USD Billion) by 2026, is set to record a CAGR of nearly 8.54% over 2020-2026. The report offers valuation and analysis of Hydraulic Fracturing market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Hydraulic fracturing is a well stimulation method that includes fracturing of bedrock formations through liquid pressure. Furthermore, the process of hydraulic fracturing includes high-pressure injecting of fracking fluid into a well bore for producing cracks in deep rocks for deriving adequate flow of petroleum or natural gas. Apparently, the first commercial use of hydraulic fracturing commenced in 1950. For the record, till 2012, nearly 2.5 million fracturing tasks have been carried out on oil & gas wells across the globe with nearly 1 million tasks performed in the U.S. Reportedly, hydraulic fracturing had made the U.S. one of the key crude oil exporters in 2019.

Furthermore, hydraulic fracturing is a service provided by oilfield service firms for oil & natural gas firms. The process is also known as fracking that assists in producing oil & gas from reservoirs having low permeability. Apparently, hydraulic fracturing liquid composition experiences tremendous fluctuations and depends on geological features displayed during formation of rocks.

Market Growth Dynamics

Escalating need of oil, gas, and petroleum products in the emerging economies is anticipated to prop up the growth of hydraulic fracturing industry over the ensuing years. Moreover, massive demand for supply of power in residential, commercial, transport, and power generation sectors will prompt the business trends. Furthermore, changing trends towards development of traditional reservoirs such as coal bed methane, shale, tight oil, and tight gas are projected to steer the expansion of hydraulic fracturing industry over the forecast timespan.

In addition to this, reduction in oilfield service costs and surge in the production of oil & gas will exponentiate the growth of hydraulic fracturing industry in the years ahead. Nevertheless, oscillating oil prices and strict government rules monitoring the hydraulic fracturing operations is likely to create hurdles for the market expansion over the years to come. However, massive focus of the firms on increasing the output from the current oil & gas reserves will propel the business landscape in the foreseeable future.

North America To Make Laudable Contributions Towards Global Market Share By 2026

The growth of the market in the sub-continent over the forecast timespan is credited to easy availability of advanced E & P techniques and skilled workforce in the countries like the U.S. and Canada. Apart from this, high investments made by the players for improving the process will further steer the regional market growth. In addition to this, large deposits of shale gas observed in the countries like U.S. and new shale gas reservoir discoveries in the country will create lucrative growth avenues for the market in the North America. Apart from this, large-scale presence of giant firms like Schlumberger and ExxonMobil in the countries like the U.S. will raise the market profitability in the ensuing years.

Key players influencing the market growth are Tacrom Services, FTS International, Schlumberger Limited, Trican Well Services, Baker Hughes Incorporated, Calfrac Well Services, Weatherford International, Haliburton, and Superior Energy Services.

The global hydraulic fracturing market is segmented as follows:

By Well

  • Vertical
  • Horizontal

By Technology

  • Plug-And-Perforation
  • Sliding Sleeve

By Application

  • Crude Oil
  • Shale Gas
  • Tight Gas
  • Tight Oil

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Escalating need of oil, gas, and petroleum products in the emerging economies is anticipated to prop up the growth of hydraulic fracturing industry over the ensuing years. Moreover, massive demand for supply of power in residential, commercial, transport, and power generation sectors will prompt the business trends. Furthermore, changing trends towards development of traditional reservoirs such as coal bed methane, shale, tight oil, and tight gas are projected to steer the expansion of hydraulic fracturing industry over the forecast timespan. In addition to this, reduction in oilfield service costs and surge in the production of oil & gas will exponentiate the growth of hydraulic fracturing industry in the years ahead.

According to Zion Market Research report, global Hydraulic Fracturing market, which was estimated at 28 (USD Billion) in 2019 and is predicted to accrue earnings worth 36 (USD Billion) by 2026, is set to record a CAGR of nearly 8.54% over 2020-2026.

North America is likely to make noteworthy contributions towards overall Hydraulic Fracturing Market revenue. The growth of the market in the region over 2020-2026 can be ascribed to easy availability of advanced E & P techniques and skilled workforce in the countries like the U.S. and Canada. Apart from this, high investments made by the players for improving the process will further steer the regional market growth. In addition to this, large deposits of shale gas observed in the countries like U.S. and new shale gas reservoir discoveries in the country will create lucrative growth avenues for the market in the North America over the estimated timeline.

The key players profiled in the report include Tacrom Services, FTS International, Schlumberger Limited, Trican Well Services, Baker Hughes Incorporated, Calfrac Well Services, Weatherford International, Haliburton, and Superior Energy Services.

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