According to Stratistics MRC, the Global Hydraulic Fracturing Market is accounted for $38.84 billion in 2020 and is expected to reach $80.85 billion by 2028 growing at a CAGR of 9.6% during the forecast period. Rising energy demand from numerous end-users such as automotive & transportation, together with advances in unusual hydrocarbon reserves and growing exploration and production activities for tight & shale gas is driving the market growth. However, a high cost related to hydraulic fracturing is hampering the growth of the market.

Hydraulic fracturing is a method in which rocks are cracked by applying pressure through the use of high pressured water. Hydraulic fracturing is mainly used to get shale gas, tight gas, tight oil, and coal by cracking rocks. The cracking process includes the high-pressure injection of fracking fluid a mixture of water, sand, and additives into a wellbore to make cracks in deep-rock formations and to upsurge the number of hydrocarbons that can be removed from the site. With improvements in technology, lately, the drilling companies are executing hydraulic fracturing along with horizontal drilling to permit the drilling of numerous wells from the same spot. In the recent scenario of oil and gas production, the hydraulic fracturing method is used worldwide to improve the production of oil & gas from the reservoirs.

Based on the technology, the plug & perf segment is going to have lucrative growth during the forecast period, owing to the simplicity of the process and economical cost as it is usually used technology in this field. It provides a greater performance of well for production and brings down the manufacture cost. The steady growth of the plug & perf technology in the worldwide market is one of the factors propelling the segment growth.

By geography, North America is going to have high growth during the forecast period. The dominance can be attributed to increasing demand for advanced technologies in the oil & gas industry, growing production of shale gas, increasing absence of easy oil, rising demand for extended lateral services, and growing upstream expenditure to endure oil production targets is predicted to drive the oil & gas industry drilling activities, hence spreading the demand for hydraulic fracturing in this province.

Some of the key players profiled in the Hydraulic Fracturing Market include Baker Hughes, a GE Company, Basic Energy Services, BJ Services, Calfrac Well Services, Cudd Energy Services, FTS International, Halliburton, Liberty Oilfield Services, ProPetro Holding Corp, RockPile Energy Services, Schlumberger, Superior Energy Services , Trican Well Services Ltd, Weatherford.

Well Types Covered:

  • Horizontal Well
  • Vertical Well

Fluid Types Covered:

  • Foam-Based Fluid
  • Gelled Oil-Based Fluid
  • Slick Water-Based Fluid

Materials Covered:

  • Propant

Technology’s Covered:

  • Plug-and-Perforation
  • Sliding Sleeve

Applications Covered:

  • Completing Coalbed Methane (CBM)
  • Crude Oil
  • Offshore
  • Onshore
  • Shale Gas
  • Tight Gas
  • Tight Oil

End Users Covered:

  • Residents
  • Industrial
  • Electric Power

Regions Covered:

  • North America
  • ·US
  • ·Canada
  • ·Mexico
  • Europe
  • ·Germany
  • ·UK
  • ·Italy
  • ·France
  • ·Spain
  • ·Rest of Europe
  • Asia Pacific
  • ·Japan
  • ·China
  • ·India
  • ·Australia
  • ·New Zealand
  • ·South Korea
  • ·Rest of Asia Pacific
  • South America
  • ·Argentina
  • ·Brazil
  • ·Chile
  • ·Rest of South America
  • Middle East & Africa
  • ·Saudi Arabia
  • ·UAE
  • ·Qatar
  • ·South Africa
  • ·Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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