Press release
Hydraulic Fracturing Fluid End Market To Reach USD 812 .7 Million By 2032 | Dragon Products Ltd., Forum Energy Technologies Inc., Gardener Denver Inc., Halliburton Company, Kerr Pumps
Hydraulic Fracturing Fluid End
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Major key market players operating in global hydraulic fracturing fluid end market include Dragon Products Ltd., Forum Energy Technologies Inc., Gardener Denver Inc., Halliburton Company, Kerr Pumps, ST9 Gas + Oil, TechnipFMC plc, The Weir Group PLC, VP Sales & Manufacturing, VULCAN Industrial Holdings, and others.
Hydraulic fracturing is the unconventional way to extract oil & gas especially in North America. It uses a fleet of pumps (a fleet consists of 18-20 pumps) to insert fracturing fluids in high pressure into the well. Fluid end is one of the two parts of this pump. Fluid ends are generally manufactured from stainless steel and carbon steel. Stainless steel fluid ends offer four times higher life than carbon steel (150-450 hours) depending on the chemical and proppant used and the harsh environment.
Hydraulic Fracturing Fluid End Market, by Material:
Based on material, hydraulic fracturing fluid end market segmented into carbon steel, stainless steel and others. Out of these, stainless steel accounted for the largest share of more than 60% of the hydraulic fracturing fluid end market in 2019.
Hydraulic Fracturing Fluid End Market, by Horsepower:
On the basis of horsepower, the hydraulic fracturing fluid end market is bifurcated into 1000-2500 HP and more than 2500 HP. Amongst these, 1000-2500 HP accounted for more than half of the global hydraulic fracturing fluid end market in 2019.
Hydraulic Fracturing Fluid End Market, by End User:
Based on end user, hydraulic fracturing fluid end market segmented into OEM and aftermarket. Among these, aftermarket accounted for the largest share of more than half of the hydraulic fracturing fluid end market in 2019.
Hydraulic Fracturing Fluid End Market, by Region:
Based on region, global hydraulic fracturing fluid end market segmented into North America, Europe, Asia-Pacific, Middle East, and Rest of World. North America region captured more than 80% of the global hydraulic fracturing fluid end market in 2019. In North America, US is the leading market which is mainly attributed to the unconventional resource availability and leading hydraulic fracturing operator's presence. The Middle East is growing at a fastest rate as the region is exploring unconventional resources extraction opportunities.
Chapter covered in this report:
Chapter 1 mainly defines the market scope and introduces the macro overview of the industry, with an executive summary of different market segments ((by type, application, region, etc.), including the definition, market size, and trend of each market segment.
Chapter 2provides a qualitative analysis of the current status and future trends of the market. Industry Entry Barriers, market drivers, market challenges, emerging markets, consumer preference analysis, together with the impact of the COVID-19 outbreak will all be thoroughly explained.
Chapter 3 analyzes the current competitive situation of the market by providing data regarding the players, including their sales volume and revenue with corresponding market shares, price and gross margin. In addition, information about market concentration ratio, mergers, acquisitions, and expansion plans will also be covered.
Chapter 4focuses on the regional market, presenting detailed data (i.e., sales volume, revenue, price, gross margin) of the most representative regions and countries in the world.
Chapter 5 provides the analysis of various market segments according to product types, covering sales volume, revenue along with market share and growth rate, plus the price analysis of each type.
Chapter 6 shows the breakdown data of different applications, including the consumption and revenue with market share and growth rate, with the aim of helping the readers to take a close-up look at the downstream market.
Chapter 7 provides a combination of quantitative and qualitative analyses of the market size and development trends in the next five years. The forecast information of the whole, as well as the breakdown market, offers the readers a chance to look into the future of the industry.
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