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Hydraulic Fracturing Market Analysis by Top Key Players FTS, Weatherford International, Calfrac Well Services, Superior Energy Services, Baker Hughes, Schlumberger, Haliburton

02-14-2019 04:47 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Hydraulic Fracturing Market Analysis by Top Key Players FTS,

Hydraulic fracturing Market size is forecast to cross USD 68 billion by 2024.Increasing investment towards exploration and production of unconventional resources due to rising concern towards rapid depletion of conventional resources will drive the hydraulic fracturing market size during the forecast period. Growing petroleum demand, rapid infrastructure development and demographics will drive industry growth. Global hydrocarbon based liquid fuel demand for2015 was more than 92 mb/d.

Natural gas is expected to witness the considerable growth owing to wide applications across industries and power plants. Its environment friendly nature makes it preferable over other alternatives. Tight gas accounted for over 15% of global hydraulic fracturing market share in 2015. Horizontal fracturing demand is expected to witness substantial growth, owing to its ability to access natural gas surrounding the entire portion of horizontal drilled section.

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Top Key Players:

1. FTS
2. Weatherford International
3. Calfrac Well Services
4. Superior Energy Services
5. Baker Hughes
6. Schlumberger
7. Haliburton

Plug and perforation hydraulic fracturing market size was valued at over USD 15 billion in 2015 and is expected to witness handsome growth in future. Ease of accessibility for fracking in horizontal wells will boost technology demand. Several restrictions in some countries owing to its adverse environmental impact including noise and visuals impact, seismic events, land surface disturbance etc. may hamper the business. High operational expenditures involved in development of shale gas is also among the major restraints.

Positive outlook toward automobile and manufacturing sector may favor the crude oil demand in coming years. Canada hydraulic fracturing market size accounted for over 10% of regional revenue share in 2015. Increasing exploration and production of unconventional resources including shale gas coupled with availability of resources and advanced technology may favor growth.

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Argentina hydraulic fracturing market size was valued at over USD 2 billion in 2015 and is expected to witness a handsome growth in future. Abundant availability of unconventional resources will propel the regional growth. Government has also introduced various initiatives or measures to encourage market dynamics and competition, facilitating entry of new players which will drive demand.

Global Hydraulic Fracturing Market By Technology
• Plug and perforation
• Sliding Sleeve
Global Hydraulic Fracturing Market By Well
• Horizontal
• Vertical
Global Hydraulic Fracturing Market By Application
• Crude Oil
• Shale Gas
• Tight Gas
• Tight Oil

Browse Report Summery @ https://www.gminsights.com/industry-analysis/hydraulic-fracturing-market

Iran hydraulic fracturing market share is set to witness a substantial growth due to presence of unconventional reserves. In April 2016, (CEP) Center for Exploration and Production announced 158 billion barrels of proven oil reserves. Indonesia is set to exceed USD 300 million by 2024. The country holds decent shale reserves which could possibly be measure to 574 TCF.

Hydraulic fracturing market share is consolidated in nature as large number of players are catering to industry. Some of the key players in the industry are FTS, Weatherford International, Calfrac Well Services, Superior Energy Services, Baker Hughes, Schlumberger, Haliburton, Tacrom Services and Trican Well Services.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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