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Hydraulic Fracturing Market Business Revenue, Introduction, Sales Volume and Share, forecast 2018-2023

09-21-2018 01:06 PM CET | Energy & Environment

Press release from: Market Research Future

Hydraulic Fracturing Market Business Revenue, Introduction,

Hydraulic Fracturing Market Highlights:-

The major drivers for the hydraulic fracturing market involve increased shale oil & gas revolution, rising demand for oil & gas, and rising concern for depletion of natural resources. Till 2015, only four countries were commercially producing shale oil & gas including U.S., China, Canada, and Argentina. With increasing shale revolution other nations, such as Algeria, Russia, Mexico, Australia, and Colombia, have also started participating in shale production. This has positively affected the hydraulic fracturing market. Besides, various oil fields are getting depleted as they have been producing for over 100 years. For instance, the Permian basin of U.S. and Safaniya oil field in the Persian Gulf have been producing oil since an early 20th century. They have reached their peak life and are depleting at a fast pace. Hydraulic fracturing allows the flow rate of the damaged oil fields to get increased. However, the harm caused by the technological process by hydraulic fracturing causes the restraint to the market.

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Leading Key Players:-

Baker Hughes GE (U.S.), Schlumberger (U.S.), National Oilwell Varco, Inc. (U.S.), Patterson-UTI Energy (U.S.), FracChem LLC. (U.S.), TechnipFMC (UK), U.S. Silica Holdings (U.S.), Halliburton (U.S.), Nuverra (U.S.), FTS International (U.S.), US Well Services (U.S.), Franklin Well Service LLC (U.S.), and EOG Resources (U.S.) are the key players of global hydraulic fracturing market .

Global Hydraulic Fracturing Market– Segmentation

Global hydraulic fracturing market has been segmented on the basis of well type, technology, application, and region. Based on technology, the market is further segmented into plug-and-perforation, sliding sleeve, and others. Amongst these, the plug-and-perf segment dominates the global market due to the advantage of having a large number of individually fractured stages in the wellbore. On the basis of well type, global hydraulic fracturing market is classified into horizontal and vertical. The horizontal hydraulic fracture technology is prominent in the market due to its advantage of fracturing multiple oil wells from the same point. Based on application, hydraulic fracturing market is segmented into crude oil, shale gas, tight oil, and others. Tight oil segment is dominating the global market with increasing demand for oil from non-conventional sources, and shale rocks are having low permeability.


North America accounts for the highest market share.

North America region is utilizing hydraulic fracturing on a very large scale due to presence of natural resources in huge quantities. A large number of wells in the region are stimulated by the use of hydraulic fracturing. Shale gas reserves in North America are attracting many huge companies as the gas is clean and green fuel compared to oil and coal. The successful evolution of shale gas reserves, has reduced the dependency of the region on foreign crude oil and natural gas, thereby leading to the growth of the market.

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Global Hydraulic Fracturing Market - Regional Analysis

The hydraulic fracturing market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America region is expected to dominate the hydraulic fracturing market during the forecast period, owing to factors such as the increase in exploration of unconventional natural resources and the availability of resources such as skilled manpower. Asia-Pacific region is also expected to grow owing to the availability of natural resources in the region in abundance. The increased concept of digging wells in the rural areas of the region is also contributing to the growth of the market in the region.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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