openPR Logo
Press release

Electric Fracking Market

Electric Fracking Market: Introduction

Electric fracking is the process of using gas turbine to generate electricity to power the hydraulic fracking process. The conventional hydraulic fracking process employs diesel-fueled engines to power the pumps.

Read report overview@

https://www.transparencymarketresearch.com/electric-fracking-market.html

Hydraulic fracking is process, wherein a rock is fractured with the help of pressurized liquid to stimulate the well. The technique consists of injection of high pressure fracking fluid into the bore well to fracture the deep-rock formations. This creates gaps through which natural gas, petroleum, and brine flow more freely.
Diesel powered engines are used to power the pumps in conventional hydraulic fracking. This would result in high carbon emission and uneconomical process. However, gas turbines are used to generate electricity in case of electric fracking. Pumps are operated on these turbines.
Electric fracking units are compact, and have high efficiency and low maintenance. The overall logistics cost also reduces, as just a single truck can carry all the required auxiliaries for fracking.
Key Drivers of Global Electric Fracking Market

High maintenance and diesel fuel costs are eliminated in electric fracking. Operations are safer and can be remotely monitored or diagnosed. These factors are anticipated to drive the electric fracking market in the near future.
Electric fracking has many benefits vis-เ-vis hydraulic fracking. The overall installation process is easy in electric fracking, as no crane is required and all auxiliaries are carried on a single truck. Electric fracking increases the pressure pumping reliability and minimizes the fleet size by 35% to 40%.

Request PDF Brochure@

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=74708

Key Development

Baker Hughes, a GE Company LLC, introduced gas turbines for electric fracking. The company's mobile and modular turbines allow its clients to switch from diesel-fueled engines to gas turbines that produce electricity to power pressure pumps for hydraulic fracking operations. The new electric fracking solutions help save on fuel costs and fulfill commitments to reduce carbon emissions.
North America Expected to Hold Major Share of Global Electric Fracking Market

Based on region, the global electric fracking market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America is anticipated to dominate the global electric fracking market in 2018. The trend is projected to continue during the forecast period owing to presence of ample unconventional reservoirs in the region. Large numbers of crude oil and natural gas oil reserves are also present in the region.
North America comprises shale gas reserves, which are attracting upstream companies from various regions, as shale gas is a green and clean fuel compared to coal and oil
Middle East & Africa is anticipated to account for major share of the global electric fracking market during the forecast period. Countries in the region such as Egypt, Jordon, Saudi Arabian, Algeria, and Tunisia are planning to commence shale gas extraction. Some companies have already started shale gas extraction.

The electric fracking market in Europe is estimated to expand at a healthy pace owing to the ban on conventional hydraulic fracking in Germany, France, the Netherlands, Scotland, and Bulgaria due to the pollution norms

The electric fracking market in Asia Pacific is estimated to expand at a moderate pace during the forecast period. Demand for fracking is rising in China in order to reduce the dependence on foreign energy sources. The market in Latin America is likely to be expand at slow pace during the forecast period.
Expanding operations in future? To get the perfect launch ask for a custom report

Key Players Operating in the Electric Fracking Market
Leading companies operating in the global electric fracking market include:

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Fracking Market here

News-ID: 1910888 • Views: โ€ฆ

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f โ€ฆ
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and theโ€ฆ
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And โ€ฆ
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. ๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key playersโ€ฆ
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud โ€ฆ
The global ๐ญ๐ข๐ฌ๐ฌ๐ฎ๐ž ๐›๐š๐ง๐ค๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expectedโ€ฆ
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global ๐ฏ๐š๐ฌ๐œ๐ฎ๐ฅ๐š๐ซ ๐œ๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ž ๐๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bnโ€ฆ

All 5 Releases


More Releases for Electric

Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive โ€ฆ
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region. Clickโ€ฆ
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea โ€ฆ
Global Thermal Overload Relay Market Size, Status and Forecast 2021 The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current marketโ€ฆ
Wireless Sensors Market Regional Outlook, Top Manufactures General Electric, Yok โ€ฆ
The Global Wireless Sensors Market is measurement tools equipped with transmitters that convert signals from instruments into radio transmission signals. Increasing interest of manufacturers in research and development of more efficient Wireless sensors are expected to drive the wireless sensors market. However, this market is highly competitive and price sensitive are hampering the growth of the market. For More Info, Get Sample Report Here @ https://www.orianresearch.com/request-sample/1371276 What you can expect fromโ€ฆ
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E โ€ฆ
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports. This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunitiesโ€ฆ
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 โ€ฆ
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research. This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawaโ€ฆ
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, โ€ฆ
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are inโ€ฆ