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Pressure Pumping Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Pressure Pumping Market
Pressure Pumping Market Size, Growth Rate, And Forecast
The global pressure pumping market size is expected to grow from $54.89 billion in 2022 to $57.68 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pressure pumping market size is expected to grow to $69.17 billion in 2027 at a CAGR of 4.6%.
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Pressure Pumping Market Drivers
Growing exploration activities in the oil, gas, and mining industries are expected to boost the growth of the pressure-pumping market going forward. The oil and gas industry has a specialized sector called exploration and production (E&P) that deals with the first phase of energy production. Producing oil wells needs some additional lift systems to pump the reservoir oil, thus, pressure pumps are needed to produce heavy oil and bring it to the surface.
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Pressure Pumping Market Segments
• By Pump Type: Dynamic, Positive Displacement
• By Pressure: Low, Medium, High
• By Application: Oil And Gas, Mining, Chemical, Municipalities, Marine, Automotive, Food And Beverage, Construction, Agriculture, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the pressure pumping market.
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Pressure Pumping Market Key Players
Major competitors in the pressure pumping market include Baker Hughes Company, Halliburton Company, Trican Well Service Ltd., NexTier Oilfield Solutions, RPC Inc., FTS International Inc., Schlumberger Limited, NOV Inc.
The Business Research Company's "Global Pressure Pumping Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Pressure Pumping Market Include:
1. Executive Summary
2. Pressure Pumping Market Characteristics
3. Pressure Pumping Market Trends And Strategies
4. Pressure Pumping Market - Macro Economic Scenario
5. Pressure Pumping Market Size And Growth
……
26. Africa Pressure Pumping Market
27. Pressure Pumping Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pressure Pumping Market
29. Pressure Pumping Market Future Outlook and Potential Analysis
30. Appendix
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