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Hydraulic Fracturing Market size worth over $68bn by 2024 Major participants include Weatherford International, Haliburton, Calfrac Well Services, Tacrom Services, Superior Energy Services, Trican Well Services and others

04-25-2019 01:35 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Hydraulic Fracturing Market size worth over $68bn by 2024 Major

Hydraulic fracturing Market size is forecast to cross USD 68 billion by 2024, according to a new research report by Global Market Insights, Inc.

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.

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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.

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.

Report Content
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Assumptions & scope
1.2 Data Sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2 Executive Summary
2.1 Hydraulic fracturing industry 3600 synopsis, 2013 - 2024
2.1.1 Current business environment
2.1.2 Technology trends
2.1.3 Well trends
2.1.4 Application trends
2.1.5 Regional trends

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Chapter 3 Hydraulic Fracturing Industry Insights
3.1 Industry segmentation
3.2 Industry size & growth forecast, 2013 – 2024
3.3 Hydraulic fracturing industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation trends
3.5 Regulatory landscape
3.5.1 U.S.

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.

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.

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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

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