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Frac Pumps Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Frac Pumps MarketA frac pump is a high-pressure, high-volume pump used in hydraulic fracturing treatments. Hydraulic fracturing is a well stimulation technique where fracking liquid (a mixture of mostly water and sand) is injected into rock formations at high-pressures, allowing for the extraction of natural oil and gas.
The global Frac Pumps market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Frac Pumps is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Frac Pumps is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Frac Pumps include Gardner Denver, Weir, Caterpillar, Halliburton, Cornell Pump Company, Forum Energy Technologies, ShalePumps, Stewart & Stevenson and ValTek Industries, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
By Type
• Triplex Frac Pumps
• Quintuplex Frac Pumps
By Application
• Onshore Wells
• Offshore Wells
Key Companies
Gardner Denver, Weir, Caterpillar, Halliburton, Cornell Pump Company, Forum Energy Technologies, ShalePumps, Stewart & Stevenson, ValTek Industries, SERVA (EnTrans International), TSC Group, KERUI Petroleum, AFGlobal, Yukos Petroleum Equipment
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