Press release
Hydraulic Fracturing Market Value Projected to Expand by 2028
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According to the US Energy Information Administration (EIA), in January 2020, oil production from seven major shale formations witnessed a rise of about 29,000 barrels per day (BPD), which is 9.14 million barrels per day of shale oil production. Additionally, as per the same source, shale oil production in the US would increase by 27% by 2050.
Another major factor that is bolstering the growth of the market over the forecast period is the rise in the adoption of various strategic initiatives by various key market players present across the globe. The major companies operating in the global hydraulic fracturing market include Baker Hughes Inc., C&J Energy Services Inc., Cudd Energy Services, Halliburton, Patterson-UTI Energy, Inc., and others. These market players are considerably contributing to the market growth by the adoption of various strategies such as mergers and acquisitions to stay competitive in the market. For instance, in March 2021, FTS International announced that it has partnered with KCF Technologies to deploy MachineIQ (MIQ) on an active hydraulic fracturing site. The first production run was on the Devon Energy site in Oklahoma. MIQ successfully identified the sources of equipment issues and executed corrective actions to rebalance the system.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Application
By Technology
By Material
By Shale Type
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Baker Hughes Inc., C&J Energy Services Inc., Cudd Energy Services, Halliburton, and Patterson-UTI Energy, Inc., among others.
A full Report of Hydraulic Fracturing Market is Available @ https://www.omrglobal.com/industry-reports/hydraulic-fracturing-market-share
Hydraulic Fracturing Market Report by Segment
By Application
Conventional Hydraulic Fracturing
Tight Gas Hydraulic Fracturing
Shale Gas Hydraulic Fracturing
Tight Oil Hydraulic Fracturing
Coal Bed Hydraulic Fracturing
Others
By Technology
Sliding Surface
Plug & Perf
Others
By Material
Proppant
Sand
Ceramic
Resin Coated Sand
Others
By Shale Type
Bakken Shale
Antrim Shale
Woodford Shale
Marcellus Shale
Haynesville Shale
Fayetteville Shale
Eagle Ford Shale
Barnett Shale
Others
Hydraulic Fracturing Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Baker Hughes Inc.
BP PLC
C&J Energy Services Inc.
Calfrac Well Services Ltd.
Cudd Energy Services.
EXXONMOBIL
Halliburton
Nabors Industries Ltd.
Patterson-Uti Energy, Inc.
Petrobras
Royal Dutch Shell PLC
RPC, INC.
Schlumberger Ltd.
Equinor Asa
Superior Well Services Inc.
Tacrom Services S.R.L.
Trican Well Service Ltd.
UOS Drilling S.A.
Weatherford International PLC
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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