Global
Pressure Pumping Market - Overview:
According to a recent study report
published by the Market Research Future, The global market of Pressure Pumping
is booming and expected to gain prominence over the forecast period. The global
Pressure Pumping market is forecasted to demonstrate an exponential growth by
2027, surpassing its previous growth records in terms of value with a whooping,
CAGR during the estimated period (2017 – 2027). Pressure pumping is a
propagation of fractures through layers of rock using pressurized fracturing
fluid and pumping the cement into the well bore to complete it. It is primarily
used to extract resources from low permeability reservoirs such as shale gas,
and unconventional liquids, which are difficult to recover through regular
drilling procedures.
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Sample Report @ https://www.marketresearchfuture.com/sample_request/1354
Industry
News
In January 2016, Trican Well Service
Ltd announce that it has entered into a definitive agreement with Keane Group,
a privately-held, U.S. based well completion services company for the sale of
Trican's United States pressure pumping business. The agreed purchase price for
the disposition is USD 200 million, or CDN 285 million.
In March 2017, Trican and Canyon to
combine to create premier canadian pressure pumping company
Global
Pressure Pumping Market - Competitive Analysis:
Global Pressure Pumping Market
appears to be highly fragmented and competitive owning to the presence of
numerous large and medium players active in regional market. The key strategies
traced from the analysis of recent developments of the key players include
Product Launch, Agreement & Partnership, Acquisition and expansion.
Strategic partnerships between Key players support the growth and expansion
plans of the key players during the forecast period. On the product and sales
side, companies are investing in innovation/R&D, brand building, and
fostering strong relationships with customers to support their competitive
position.
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Full Report @ https://www.marketresearchfuture.com/reports/pressure-pumping-market-1354
Segmentation:
Based on services, the market has
been segmented into cementing, hydraulics fracturing, and others. Hydraulics
fracturing dominates the service segment of global market. Hydraulics
fracturing is a process of pumping fluid into a wellbore to create enough
pressure to crack, or fracture, the rock layer. The fluid usually contains a
proppant like sand, that helps keep the fractures open to allow oil and gas to
be produced to the well. Cementing services is the second major segment for
pressure pumping market and it is expected to witness strong growth over the
forecast period.
Based on well type, the market has
been segmented land and offshore. Onshore dominates the well type segment of
global market. Offshore segment is expected to be the fastest growing segment
during the forecast period. Increasing the exploration activities in deep and
ultra-deep waters especially in the North Sea, and Gulf of Mexico is expected
to drive demand in the sector over the forecast period.
Segmentation by Regions: Comprises
Geographical regions - North America, Europe, Asia Pacific, Middle East &
Africa and South America.
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report PR @ https://www.marketresearchfuture.com/press-release/pressure-pumping-market
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Market Research Future:
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