Description
Global Hydraulic Fracturing Market by Technology (Plug & Perf and Sliding Sleeve), by Material (Proppant, Sand, Ceramic, Resin-Coated Sand), by Application (Shale Gas, Tight Gas, Tight Oil, and CBM) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)
The hydraulic fracturing market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the hydraulic fracturing market.
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Hydraulic Fracturing Industry Outlook
The global hydraulic fracturing market size is expected to grow from USD 24.6 billion in 2020 and reach USD 38.1 Billion by 2027, at a CAGR of 7.6% during the forecast period (2021-2027). The growing demands for oil, natural gases, and other resources are increasing globally, which is estimated to fuel the growth of the hydraulic fracturing market. Companies are focusing on increasing the productivity of crude oil from existing oil wells by deploying cutting-edge technologies for exploring shale gas, which directly impacts the growth of the hydraulic fracturing market over the forecast period.
Factors Affecting the Hydraulic Fracturing Market Over the Forecast Period:
There is a huge demand for natural gases and hydrocarbons in today's parlance, which has driven the need for hydraulic fracturing activities and investments. Moreover, the setting up of unconventional or tight reserves at different specific has increased the demand for hydraulic fracturing and support the global market growth
However, the strict rules and regulations by the government and other regular bodies lead to environmental protection, which has posed a challenge for the growth of the hydraulic fracturing market
Although the increasing shale revolution, other nations such as Algeria, Russia, Mexico, Australia, and Colombia, have also started participating in shale production. This has a positive impact on the growth of the hydraulic fracturing market.
Impact of COVID-19 on Hydraulic Fracturing Market:
The impact of the pandemic on the hydraulic fracturing market was mild. The rise of COVID-19 has brought the world to a halt, few industries are struggling, and some are thriving. In the early stages of COVID-19, there were instabilities in the supply and demand channels. The companies across the region have also suspended or delayed their major oil & gas projects. Furthermore, the COVID-19 pandemic has also impacted crude oil prices, well drilling and production activities, and the oil and gas supply chain.
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Scope of the Report
The report outlines the global hydraulic fracturing market study based on type and platforms.
Based on the technology, the hydraulic fracturing market has been segmented into –
- Plug and Perf
- Sliding Sleeve
Based on the material, the hydraulic fracturing market has been segmented into –
- Proppant
- Sand
- Ceramic
- Resin-coated sand
Based on the application, the hydraulic fracturing market has been segmented into –
- Shale gas
- Tight gas
- Tight oil
- CBM
Hydraulic Fracturing Market: Regional Outlook
Based on the region, the global hydraulic fracturing market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2020, North America held the largest share in the global hydraulic fracturing market, followed by Europe and Asia-Pacific. Moreover, North America is expected to grow with a CAGR over the forecast period. The Asia Pacific is also estimated to hold a significant share in the global hydraulic fracturing market due to increasing demand from China and India.
Key Global Hydraulic Fracturing Market Competitors Includes –
The global hydraulic fracturing market is fairly consolidated, with the presence of key players across the globe. The key companies operating in the global hydraulic fracturing market are –
- Baker Hughes GE
- Schlumberger
- National Oilwell Varco
- Patterson-UTI Energy
- FracChem LLC
- TechnipFMC
- Halliburton
- Nuverra
- FTS International
- US Well Services.
The hydraulic fracturing market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market player’s presence in the respective segment and region/country. The information concluded in the report includes the inputs from primary interviews with industry experts.
Hydraulic Fracturing Market Report Covers Comprehensive Analysis On:
- Market Segmentation & Regional Analysis
- Market Size of 10 years
- Pricing Analysis
- Supply & Demand Analysis
- Product Life Cycle Analysis
- Porter's Five Forces & Value Chain Analysis
- Developed & Emerging Economies Analysis
- PEST Analysis
- Market and Forecast Factor Analysis
- Market Opportunities, Risks, & Trends
- Conclusion & Recommendation
- Regulatory Landscape
- Patent Analysis
- Competition Landscape
- 15+ Company Profiles
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Hydraulic Fracturing Market Regional Analysis Includes:
- North America (US, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
Hydraulic Fracturing Market: Target Audience
- Hydraulic Fracturing Equipment manufacturers
- Hydraulic Fracturing service providers
- Trade publications and magazines
- Government authorities, associations, and organizations
Key Issues Addressed
- What is the market size by various segmentation of the hydraulic fracturing by region and its respective countries?
- What are the customer buying behavior, key takeaways, and Porter's 5 forces of the hydraulic fracturing market?
- What are the key opportunities and trends for manufacturers involved in the hydraulic fracturing supply chain?
- What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
- What and how regulations, schemes, patents, and policies are impacting the growth of the market?
- What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
- What will be the impact of cutting-edge technology on the hydraulic fracturing market?
- How has COVID-19 impacted the demand and sales of hydraulic fracturing in the global market? Also, the expected BPS drop or rise count of the market and market expected recovery period.
- Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
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