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North America Pressure Pumping Market | Analysis by Type and Application| Study Objectives Industry Perspective and Forecasted Market Size by Regions till 2026

03-03-2022 11:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

North America Pressure Pumping Market

North America Pressure Pumping Market

North America Pressure Pumping Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. Pressure pumping services are primarily used by sand control services, acidizing services, cementing services and hydraulic fracturing services. The advantage of using pressure pumping services is the enhancement of productivity of reserves which, in turn, improves asset value and investment return.

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The increasing energy requirements, availability of advanced technology and increasing investments in unconventional and offshore exploration are expected to drive the pressure pumping market in North America. The growing concern about the environmental damage caused by pressure pumping such as seismic activities and water contamination are the major factors hindering the growth of pressure pumping market.

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐๐ฎ๐ฆ๐ฉ๐ข๐ง๐  -๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
The pressure drilling market is largest in U.S., due to rising shale gas plays and increasing oil and gas exploration. According to Annual Energy Outlook 2017, published by U.S. Energy Information Administration, the natural gas production may account for 40% of U.S. energy production by 2040, which will augment pressure pumping market. However, the increasing environmental concerns will restrain the growth of pressure pumping market in U.S.

๐’๐จ๐ฆ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐จ๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ฉ๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐ฉ๐ฎ๐ฆ๐ฉ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š:
Halliburton, RPC, Inc., Baker Hughes, Calfrac Well Services Ltd, Schlumberger, Frac Tech Services, International Step Energy Services Ltd., Trican Well Services Ltd., Key Energy Services, Sanjel Energy Services

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐๐ฎ๐ฆ๐ฉ๐ข๐ง๐  -๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐š๐ฑ๐จ๐ง๐จ๐ฆ๐ฒ

๐Ž๐ง ๐ญ๐ก๐ž ๐›๐š๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ฐ๐ž๐ฅ๐ฅ ๐ญ๐ฒ๐ฉ๐ž, ๐ญ๐ก๐ž ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ฉ๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐ฉ๐ฎ๐ฆ๐ฉ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ข๐ง๐ญ๐จ
Vertical Wells
Horizontal Wells

๐Ž๐ง ๐ญ๐ก๐ž ๐›๐š๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐ญ๐ฒ๐ฉ๐ž, ๐ญ๐ก๐ž ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ฉ๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐ฉ๐ฎ๐ฆ๐ฉ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ข๐ง๐ญ๐จ
Cementing Services
Remedial cementing
Primary cementing
Hydraulic fracturing

๐Ž๐ง ๐ญ๐ก๐ž ๐›๐š๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ซ๐ž๐ฌ๐จ๐ฎ๐ซ๐œ๐ž๐ฌ ๐ญ๐ฒ๐ฉ๐ž, ๐ญ๐ก๐ž ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ฉ๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐ฉ๐ฎ๐ฆ๐ฉ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ข๐ง๐ญ๐จ
Unconventional
Conventional

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๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐๐ฎ๐ฆ๐ฉ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ
โžคOn 24th March 2017, Schlumberger announced an agreement to create OneStim, a joint venture with Weatherford to deliver completions products and services for the development of unconventional resource plays in the United States and Canada land markets. This venture helped the company in gaining efficiency and further improve the technology of their operations.

โžคOn 22nd March 2018, Trican Well Service Ltd. acquired all the issued and outstanding common shares of Canyon Services Group Inc. This acquisition was done in order to become Canada's premier pressure pumping company.

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๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐‚๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ
โžคResearch Objectives and Assumptions
โžคMarket Purview
โžคMarket Dynamics, Regulations, and Trends Analysis
โžคGlobal North America Pressure Pumping Market - Impact of Coronavirus (Covid-19) Pandemic
โžคGlobal North America Pressure Pumping Market, By Application(US$ Mn)
โžคGlobal North America Pressure Pumping Market, By End-Use(US$ Mn)
โžคGlobal North America Pressure Pumping Market, By Region, 2019- 2027 (US$ Mn)

๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐Œ๐„๐“๐‡๐Ž๐ƒ๐Ž๐‹๐Ž๐†๐˜
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

Primary Research (Trade Surveys and Experts Interviews)
Desk Research
Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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