The Hydraulic Fracturing Market study report provides an inclusive breakdown of the Hydraulic Fracturing Market size across the world as regional and nation-level market size evaluation, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales examination of the financiers. Along with that, the report clarifies the foremost challenges and risks to face in the forecast period. This Hydraulic Fracturing Market research report gives a helpful view regarding the economic outlook of the international market. It comprises a detailed picture of the segment demonstration of the key universal players working in the market. The research analysis also prepares historical records with profit expectations during the estimated period and, the business producing of the prominent industrialists are also underlined with methodological records in the report.
Hydraulic Fracturing Market, by Material Type (Copper, Low Carbon), End-Use (Residential, Commercial, Industrial), Implementation (New Construction, Retrofit) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The global hydraulic fracturing market is projected to reach USD 34.8 billion in 2021, at a CAGR of 8.6% during the forecast period 2021-2028.
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Hydraulic fracturing is a technology in which the fluids are pumped into the well at a high injection level to breakdown the oil reservoirs. The fluid includes water, chemicals and sand. In oil and gas production, it is generally used to enhance the production of oil and gases reservoirs to keep the well sticky and also fracturing fluids are used in this technique to create a fracture of good width. This technique is also known as fracking. It is used to generate oil and gas from well. Fracking technique is provided by many oils and natural gas companies. It is also used in many applications such as crude oil, tight oil, shale oil etc.
Increasing efforts by upstream companies to enhance the production from unconventional resources is the major factor that has supported long-term expansion for Hydraulic Fracturing Market.
Regional Analysis
North America is estimated to be the largest market from 2021 to 2028, driven by the growth in unconventional resources in the US and Canada.
• Key Players
• Schlumberger
• Halliburton
• Baker Hughes
• Calfrac Well Services
• FTS International
• Nabors Industries Ltd.
• Tacrom Services SRL
• Trican Well Services Limited
• United Oilfield Services
• Weatherford International Inc.
• Patterson-UTI Energy Inc.
Recent Developments
• In August 2021, NexTier Oilfield Solutions has acquired Alamo Pressure Pumping, LLC. With this acquisition, NexTier Oilfield Solutions will operate the third-largest base of active hydraulic horsepower across the US and the largest base of next-generation equipment in the Permian Basin.
• In July 2021, Schlumberger and Vedanta Ltd’s subsidiary Cairn Oil & Gas have collaborated to start a project on the production of tight oil at Aishwariya Barmer Hill (ABH) in Rajasthan, India. The Aishwariya Barmer Hill is India’s largest lateral fracking program.
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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Hydraulic Fracturing Market is segmented into technology, application, well type and region.
On the basis of Technology
• Plug & Perf
• Sliding Sleeve
On the basis of Application
• Shale Gas
• Tight Oil
• Tight Gas
On the basis of Well Type
• Horizontal Well
• Vertical Well
On the basis of Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
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