Press release
Hydraulic Fracturing Market Size & Industry Outlook by 2025| Baker Hughes Incorporated, FTS International, Schlumberger Limited, Weatherford International
Hydraulic Fracturing Market
The size of Hydraulic Fracturing Market was registered at USD 24 billion in the year 2015 and is anticipated to cross USD 65 billion by 2025. Between the period 2016 -2024, the Hydraulic Fracturing market is expected to register a CAGR of 12%.Both North and South America hydraulic fracturing market is expected to witness a tremendous growth prospect in future based on these two countries past years' revenue contribution. South America driven by Argentina industry held a record of USD 2 billion in 2015 and is anticipated to witness a profitable market in future. Canada will be the main revenue contributor for North America's industry share. Another prominent region partaking actively in the global market is Asia Pacific.
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China hydraulic fracturing industry alone accounted for more than 45% of the regional revenue in 2015, and is projected to prominently drive the regional market in future even. The growth projection can be credited to China's unconventional energy resource abundance. A recent estimation shows that China consumes almost 1,115 trillion cubic feet of natural gas, which is around twice of U.S. Indonesia and Iran hydraulic fracturing market will also grow substantially over the coming seven years. Indonesia industry will generate a revenue of more than USD 300 million by 2024.
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Russia accounted for over 40% of the Europe hydraulic fracturing market owing to the development of potential hydrocarbon reserves. In 2015, Russia held more than 665 tcf of unconventional reserves which includes tight gas, shale gas, CBM and hydrates,
Argentina hydraulic fracturing market will grow over 15% from 2015 to 2024. Abundant availability of unconventional resources coupled with favorable government initiatives will drive the demand of product. Iran will also witness a significant growth due to presence of shale in abundance amount. In 2016, the Center for Exploration & Production announced 158 billion barrels of oil reserves in Iran.
Partial Table of Contents (ToC) of the report:
Chapter 4 Hydraulic Fracturing Technology Insights
4.1 Hydraulic fracturing market share by technology, 2015 & 2024
4.2 Plug and Perforation
4.2.1 Global hydraulic fracturing market estimates and forecast from plug and perforation, 2013 - 2024
4.2.2 Global hydraulic fracturing market revenue from plug and perforation, by region, 2013 - 2024
4.3 Sliding Sleeves
4.3.1 Global hydraulic fracturing market estimates and forecast from sliding sleeves, 2013 - 2024
4.3.2 Global hydraulic fracturing market revenue from sliding sleeves, by region, 2013 - 2024
Chapter 5 Hydraulic Fracturing Market Insights, By Well
5.1 Hydraulic fracturing market share by well, 2015 & 2024
5.2 Horizontal
5.2.1 Global hydraulic fracturing market estimates and forecast from horizontal, 2013 - 2024
5.2.2 Global hydraulic fracturing market revenue from horizontal, by region, 2013 - 2024
5.3 Vertical
5.3.1 Global hydraulic fracturing market estimates and forecast from vertical, 2013 - 2024
5.3.2 Global hydraulic fracturing market revenue from vertical, by region, 2013 - 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/hydraulic-fracturing-market
Saudi Arabia accounted for over 10% market share of the global hydraulic fracturing market. Rising investments in o & g projects will stimulate the product penetration in the market. Saudi Aramco is investing over USD 300 billion in infrastructure development and in E&P phase of unconventional reserves.
Hydraulic fracturing market is consolidated in nature owing to presence of large number of industry players. Key industry players include Baker Hughes, Schlumberger, Haliburton, Weatherford International, Tacrom Services and Calfrac Well Services. Other prominent players include FTS International, Trican Well Services, Superior Energy Services and others.
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