Press release
Frac Tree Market 2021 to See Unstoppable Growth by 2027
Frac Tree Market
Jereh Group, a main oilfield equipment maker, launched new electric solution for shale gas improvement. Jereh's new innovation is different from other because of its robust electric engine and Jereh licensed JR5000QPN pump, focusing and empowering the electric frac fleet to satisfy operations of large displacement, high pressure and long duration. A power supply package is offered for areas with deficient power grids or any type of power facilities. the electric fleet is more economical with power density of 134kw/t in comparison to diesel fleets. The electric solution is environmental-friendly with low noise level of less than 85 dB and less lube leaking.
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Rise in discovery of multiple reservoirs of shale oil and gas and rising offshore exploration activities in the region. Increasing population and increasing demand for energy impacting on the demand for frac tree. Operational efficiency along with growing number of exploitation and discoveries of marginal oil reserves drive the Frac Tree market share. Rising focus toward digitalization and automation of the drilling operations to augment crude oil production rate will further boost the business landscape. Thecost-effective nature of frac tree enablesoil and gas industries to adopt it for production.
Key benefits of the report
• This study presents the analytical depiction of the global Frac Tree market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Frac Tree market.
• The current market is quantitatively analysed from 2020 to 2027 to highlight the global Frac Tree market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global frac tree market analysis based on competitive intensity and how the competition will take shape in coming years.
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COVID-19 impact analysis
• The global Frac Tree market is severely impacted by the outbreak of the COVID-19 pandemic.
• The COVID-19 pandemic led to a decline in the economic growth in almost all major countries, thus affecting consumer spending patterns.
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of frac tree, which negatively impact the market growth.
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