Press release
Pressure Pumping Market is Predicted to Touch USD 72.4 Billion at a 4.2% CAGR over the Forecast Period 2017 to 2024
Pressure Pumping Market
Market Research Future (MRFR)' study states that the global pressure pumping market is set to strike 9.57% CAGR across the assessment period 2019 to 2025. The market is also estimated to exceed valuation of USD 78 Bn by 2025.
Pressure pumping is a process that includes high pressure injection of fracking liquid chiefly water, having sand and other prop pants that are suspended through thickening agents into the wellbore. This creates cracks in deep rock formations with the help of which resources such as brine, natural gas, and petroleum can flow freely. Cementing is used for different purposes. It is widely used to protect and seal the wellbore, shut off the penetration of water permanently into the well, and also seal lost circulation areas where there is flow reduction within the well.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1354
Industry Highlights
Various factors are driving the growth of the pressure pumping market. These factors, in accordance with the Market Research Future (MRFR) report, include growing hydraulic fracturing in oil and gas industry, growing shale gas basin, growing demand for energy, advancements in extraction methods, and growing activities in the exploration as well as the production of non-conventional shale gas. Besides, services cementing, acidization, sand controlling, and enhanced oil recovery are also pushing the market growth.
Pressure pumping is the technique of fracture propagation via several layers of rock with the application of pressurized pumping and fracturing fluid. The method further involves cementing the well bore to complete it. Cementing is applied for different purposes. For instance, it finds application in sealing and protecting the wellbore. Mostly, cementing is done to permanently prevent water penetration into the well. Moreover, cementing is done to block a lost circulation zone which decreases the flow within the well. Besides, the depleting state of traditional resources has propelled the worldwide oil & gas sector to avail and explore benefits from the unconventional resources such as tight oil & gas, coalbed methane, and shale gas. Further, the movement toward finding unconventional resources is one of the key driving factors for the pressure pumping market. Surging procurement & exploration in unconventional oil & gas reserves, specifically in shale basins is estimated to drive the demand for pressure pumping as it assists in hydraulic fracturing.
Prominent Players
The global pressure pumping market has been dominated by key players such as Halliburton (US), Trican (Canada), Schlumberger (US), Key Energy Services (US), Sanjel Corporation (Canada), China Oilfield Services Ltd. (China), Calfrac Well Services Ltd. (Canada), Weatherford International Inc. (US), Superior Energy Services (US), Frac Tech Services International (US), RPC Inc. (US), and Saipem S.p.A. (Italy).
Market Segmentation:
The segments of the global pressure pumping market, based on service type, are hydraulic fracturing, cementing, and others. Among these, the hydraulic fracturing segment is expected to lead the growth of the market. The extensive use of hydraulic fracturing in extraction of unconventional minerals is anticipated to boost the expansion of the segment in the years to come.
On the basis of resource type, the global pressure pumping market has been divided into conventional and unconventional. The unconventional segment is expected to hold a larger market share due to rising demand for shale gas. It is projected to dominate the market over the next couple of years.
By well type, the segmental analysis of the global pressure pumping market covers - horizontal, vertical, and directional. Among these, the horizontal segment is assessed to dictate the growth pattern of the market over the next few years.
Regional Analysis of Pressure Pump Market
In the US, North America is leading in the pressure pumping market. A CAGR of 2.6%. by 2021 is predicted for the North American pressure pumping market. An escalation from USD 26.29 Billion in 2016 to USD 29.94 Billion is expected. They are making an investment in R&D for innovation in the pressure pumping. Hydraulic fracturing service is observed to be the largest pressure pumping service in North America.
In Europe, countries like Norway, Netherland and the North Sea are contributing to the pressure pumping market growth. Recent oil reserve discoveries and an increase in energy requirement are the factors driving the European pressure pump market.
The Middle East is doing great in the pressure pump market as they have great potential to raise the market but minimising their dependency on the oil and gas market.
Get Complete Pressure Pumping Market Research Report @ https://www.marketresearchfuture.com/reports/pressure-pumping-market-1354
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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 Pressure Pumping Market is Predicted to Touch USD 72.4 Billion at a 4.2% CAGR over the Forecast Period 2017 to 2024 here
News-ID: 1919234 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Pressure
Benefits of Pressure Washing With Cen-Cal Pressure Pros
Fresno, CA - Over time, a property's exterior surfaces will collect debris, causing them to lose their visual appeal. This negative effect will become more and more noticeable over time, eventually causing property owners to seek out the best solution. In most cases, pressure washing [https://www.cencalpressurepros.com/pressure-washing-company-in-fresno-ca/] is the go-to answer to dirty exterior surfaces. Pressure washing uses high-pressure water to disturb and remove debris from these surfaces. This process has…
Ensuring Pressure Washing Safety With D4S Pressure Washing
Tampa, FL - Pressure washing [https://www.d4spressurewashing.com/pressure-washing-company-in-tampa-fl/] is an effective way of restoring a property's exterior surfaces. The process makes them cleaner, and as a result, more visually appealing. However, pressure washing does not come without its fair share of challenges. For instance, pressure washing uses highly pressurized water, and handling this force can cause significant harm or damage if the correct precautions are not taken. Learn what precautions to take…
How Midland Pressure Washing Conquers Pressure Washing Challenges
Leawood, KS - Pressure washing [https://www.midlandpressurewash.com/pressure-washing-company-in-leawood-ks/] does not go the exact same way every single time. In fact, this versatile process is used to clean a variety of different surfaces, and the precise details of pressure washing can be customized to match the job. With some knowledge of the demands of every surface that needs to be cleaned, residential and commercial property owners can harness the power of pressure washing…
Pressure Washing vs. Soft Washing With Riptide Pressure Washing
Wilmington, NC - The exterior surfaces of any property will become dirty over time. When this occurs, the owner of the property may become interested in cleaning them. However, the best way to accomplish this work may not be immediately clear. Should exterior surfaces be pressure washed, or soft washed? And what precisely is the difference between these two options? Riptide Pressure Washing [https://www.riptide-wash.com/] proudly provides pressure washing [https://www.riptide-wash.com/pressure-washing-company-in-wilmington-nc/] and…
DIY Pressure Washing Versus Professional Pressure Washing
West Hartford, CT - When a property's exterior surfaces become coated with dirt and debris, the property owner may decide the surfaces need to be pressure washed. At this point, the property owner has to make an important decision. Will they attempt to clean those exterior surfaces on their own? Or will they reach out to a professional business for the help they need? Both of these paths are valid…
Precision Under Pressure: Trends in Fluid Pressure Sensors
The Business Research Company recently released a comprehensive report on the Global Fluid Pressure Sensors Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, the fluid pressure…
