Hydraulic Fracturing Market has been valued at US$ 34.14 Bn. in 2021. Global Hydraulic Fracturing Market size is estimated to grow at a CAGR of 6.0%. Over the forecast period.
Hydraulic Fracturing Market Overview:Hydraulic fracturing is a borehole stimulation technique used to increase permeability in geological resource management, with the extraction of shale gas. Seismogenesis can be brought on by the hydraulic fracturing process. A lot of people are interested in and concerned about the possibility of causing earthquakes, especially in the UK, where earthquakes caused by hydraulic fracturing have stopped shale gas activities and led to moratoria. To know about the Research Methodology:-Request Free Sample Report
Hydraulic Fracturing Market Dynamics:Hydraulic Fracturing Market dynamics are thoroughly studied and explained in the MMR report, which helps readers to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional levels for the Hydraulic Fracturing Market. Some of the drivers and restraints are illustrated below, their detailed explanation is discussed in the MMR report with other supporting: Deployment of Advanced Technologies for Oil Extraction: Hydraulic fracturing's use is anticipated to increase with the use of sophisticated technology for oil extraction. The American Petroleum Institute forecasts that in the next years, hydraulic fracturing techniques will be necessary for about 95% of all natural gas wells. The use of automated technology is projected to boost petroleum, oil, and gas product production as well as oil mining activities. These elements are most likely to fuel the expansion of the hydraulic fracturing market. Leading Companies Release Innovative Products to Improve Brand Image: To provide efficient extraction services and improve brand perception, the leading businesses operating in the market introduce novel goods. For instance, in July 2021, Halliburton Company introduced its Express Fiber optic solution. It is a very efficient approach with less of an influence on normal cross-well monitoring and ongoing exploration efforts. With this launch, the business might be able to offer useful solutions and improve its reputation internationally. Additionally, manufacturers may be able to create efficient solutions that remove obstacles to oil and gas reserve exploration and quicken the process by implementing R&D operations. They might be able to improve their market position with this method. Alamo Pressure Pumping, LLC was acquired by Texas-based NexTier Oilfield Solutions Inc. in August 2021 for about $268 million. The acquisition will significantly increase the market's potential for deploying gas-powered machinery and complementary integrated solutions. A Texas-based oil and gas company called Alamo Pressure Pumping, LLC offers secure and effective fracturing services. Stringent Regulations and Safety: The Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), among other national governments and regulatory agencies, have set severe restrictions and safety standards that have hindered the development of this sector. Growing environmental protection awareness in both developing and established economies had hampered market expansion. The hydrocarbon business is probably going to suffer from the growing trend toward the use of renewable energy as a clean source of energy. According to IEA data, global renewable energy production is predicted to increase from 190.9 GW in 2019 to 196.1 GW in 2021. Hydraulic fracturing market development is expected to be constrained by increased adoption of renewable energy sources and regulatory bans against fracturing from certain regional countries, including France, Russia, and Bulgaria. Trending Factors: Energy consumption is rising in developing nations like China and India, hence hydraulic fracturing will increase and be advantageous for these nations in order to meet this need and boost growth. In North America, new wells are being drilled, and existing well bases are being expanded. Also. Natural gas and crude oil are produced mostly in North America. This will fuel market expansion in North America. The market participants use tactics like mergers and acquisitions, the introduction of new products, and contract agreements to expand the supply of equipment and services for hydraulic fracturing. The market for hydraulic fracturing is growing as a result of the increased shale gas exploration and development activities.
Hydraulic Fracturing Market Segmentation:MMR provides an analysis of the key trends in each sub-segment of the Hydraulic Fracturing Market, along with forecasts at the global, regional, and country levels from 2022-2029. Our report has categorized the market based on Well Type, Technology, and Application. Plug & Perf Segment is expected to Hold Significant Share by 2029 By Technology, the Plug & Perf segment is expected to grow at the highest ~CAGR of 7.25% during the forecast period. The stimulation method known as "plug and perf" is used in wells with cemented liners. The most popular and preferred fracturing technique for unconventional wells is plug and perf. The plug-and-perf method is pumping a bridge plug down on a wireline with perforating guns to a horizontal spot close to the well's toe, then adjusting the plug and perforating the zone. Sick water-based fluid, foam-based fluid, and gelled oil-based fluid, among other fluids, are utilized in hydraulic fracturing. Horizontal well is expected to grow at the Highest CAGR during the Forecast Period. Thanks to the rising shale production, which necessitates hydraulic fracturing, which is one of the main market drivers, the horizontal well sector is anticipated to dominate the hydraulic fracturing market globally. Furthermore, it is becoming more important to improve primary production while utilizing fewer wells overall to develop a whole oilfield.
Hydraulic Fracturing Market Regional Insights:In 2021, North America dominated the hydraulic fracturing market. One of the world's top producers of natural gas and crude oil in North America. The market for hydraulic fracturing is anticipated to grow as a result of new good drilling and an expanded base of producing wells. The redevelopment of old fields and new offshore projects, along with increased drilling activity, are the main factors driving the hydraulic fracturing market in the United States. Most of the increase in gas output is anticipated to come from new oil wells and Marcellus/Utica shale development. The US Energy Information Administration (EIA) estimates that by 2050, shale oil production in the US would have increased by 27%. Due to additional wells being drilled all throughout the country, the production of shale oil could rise much more. As a result of its huge shale production and rising investment in the industry, North America is expected to dominate the market. In the upcoming years, Alberta, Canada's primary source of gas and crude oil, is anticipated to experience the most growth in activity. As a result, it is anticipated that the hydraulic fracturing market in Canada would expand significantly. The main factor driving the growth of the hydraulic fracturing market in Saudi Arabia is rising investments in oil and gas projects. For instance, Saudi Aramco plans to invest USD 334 billion in infrastructure projects, service facilities, and the exploration and development of unconventional resources. The objective of the report is to present a comprehensive analysis of the global Hydraulic Fracturing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Hydraulic Fracturing Market dynamic, and structure by analyzing the market segments and projecting the Hydraulic Fracturing Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Hydraulic Fracturing Market make the report investor’s guide.
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Hydraulic Fracturing Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US$ 34.14 Bn. Forecast Period 2022 to 2029 CAGR: 6.0 % Market Size in 2029: US$ 54.42 Bn. Segments Covered: by Technology • Plug & Perf • Sliding Sleeve by Application • Shale Gas • Tight Oil • Tight Gas by Well Type • Horizontal Well • Vertical Well
Hydraulic Fracturing Market by Region• North America • Europe • The Asia Pacific • The Middle East and Africa • South America
Hydraulic Fracturing Market Key Players:• Schlumberger • Baker Hughes, a GE Company • Weatherford • Halliburton • FTS International • BJ Services • Cudd Energy Services • ProPetro Holding Corp. • Calfrac Well Services • Liberty Oilfield Services • Trican Well Services Ltd. • Basic Energy Services • Superior Energy Services • RockPile Energy Services • US Well Services Frequently asked questions: 1. What is the market growth of the Hydraulic Fracturing Market? Ans. The Hydraulic Fracturing Market was valued at USD 34.14 Bn. in 2021 and is expected to reach USD 54.42 Bn by 2029, at a CAGR of 6.0% during the forecast period. 2. Which are the major key players in the Hydraulic Fracturing Market? Ans. The key players in this market Schlumberger, Baker Hughes, a GE Company, and Weatherford 3. Which region is anticipated to account for the largest market share? Ans. North America is anticipated to dominate the Hydraulic Fracturing Market, 4. What is the forecast period for the Hydraulic Fracturing Market? Ans. The forecast period for the Hydraulic Fracturing Market is from 2022 to 2029. 5. What is the segment in which the Hydraulic Fracturing Market is divided? Ans. The Hydraulic Fracturing Market is fragmented based on Well Type, Technology, and Application.
1. Global Hydraulic Fracturing Market: Research Methodology 2. Global Hydraulic Fracturing Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Hydraulic Fracturing Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Hydraulic Fracturing Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Hydraulic Fracturing Market Segmentation 4.1. Global Hydraulic Fracturing Market, By Technology (2021-2029) • Plug & Perf • Sliding Sleeve 4.2. Global Hydraulic Fracturing Market, By Well Type (2021-2029) • Shale Gas • Tight Oil • Tight Gas 4.3. Global Hydraulic Fracturing Market, By Application (2021-2029) • Horizontal Well • Vertical Well 5. North America Hydraulic Fracturing Market (2021-2029) 5.1. North America Hydraulic Fracturing Market, By Technology (2021-2029) • Plug & Perf • Sliding Sleeve 5.2. North America Hydraulic Fracturing Market, By Well Type (2021-2029) • Shale Gas • Tight Oil • Tight Gas 5.3. North America Hydraulic Fracturing Market, By Application (2021-2029) • Horizontal Well • Vertical Well 5.4. North America Hydraulic Fracturing Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Hydraulic Fracturing Market (2021-2029) 6.1. European Hydraulic Fracturing Market, By Technology (2021-2029) 6.2. European Hydraulic Fracturing Market, By Well Type (2021-2029) 6.3. European Hydraulic Fracturing Market, By Application (2021-2029) 6.4. European Hydraulic Fracturing Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Hydraulic Fracturing Market (2021-2029) 7.1. Asia Pacific Hydraulic Fracturing Market, By Technology (2021-2029) 7.2. Asia Pacific Hydraulic Fracturing Market, By Well Type (2021-2029) 7.3. Asia Pacific Hydraulic Fracturing Market, By Application (2021-2029) 7.4. Asia Pacific Hydraulic Fracturing Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Hydraulic Fracturing Market (2021-2029) 8.1. Middle East and Africa Hydraulic Fracturing Market, By Technology (2021-2029) 8.2. Middle East and Africa Hydraulic Fracturing Market, By Well Type (2021-2029) 8.3. Middle East and Africa Hydraulic Fracturing Market, By Application (2021-2029) 8.4. Middle East and Africa Hydraulic Fracturing Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Hydraulic Fracturing Market (2021-2029) 9.1. South America Hydraulic Fracturing Market, By Technology (2021-2029) 9.2. South America Hydraulic Fracturing Market, By Well Type (2021-2029) 9.3. South America Hydraulic Fracturing Market, By Application (2021-2029) 9.4. South America Hydraulic Fracturing Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Schlumberger. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Baker Hughes 10.3. Weatherford 10.4. Halliburton 10.5. FTS International 10.6. BJ Services 10.7. Cudd Energy Services 10.8. ProPetro Holding Corp. 10.9. Calfrac Well Services 10.10. Liberty Oilfield Services 10.11. Trican Well Services Ltd. 10.12. Basic Energy Services 10.13. Superior Energy Services 10.14. RockPile Energy Services 10.15. US Well Services