Hydraulic Fracturing Market Synopsis:
Hydraulic fracturing is used
for extraction of unconventional resources. With the rising demand for pressure
pumping, the hydraulic fracturing market is expected to witness a boom in the
years to come. Major drivers, restraints, and opportunities in the hydraulic
fracturing market were analyzed in detail and are illustrated in the report
with the help of supporting graphs and tables. There are currently numerous
growth drivers for the hydraulic fracturing industry.
According to Market Research
Future (MRFR)’s analysis, the global hydraulic fracturing market is anticipated
to mark 14% CAGR across the forecast period 2018 to 2023. Increasing
investments in the exploration of unconventional resources such as tight oil,
shale gas, etc. are likely to create opportunities for the players in the
hydraulic fracturing market. Also, the depletion of natural resources has led
to an increase in demand for these unconventional resources. This, in turn, is
expected to lead the growth of the market over the next couple of years.
Get Free Sample Copy of Hydraulic Fracturing Market
Report at: https://www.marketresearchfuture.com/sample_request/2532
The market is expected to
witness advancements in the forthcoming years. It is anticipated to open new
growth avenues for the market participants over the assessment period. However,
the strict regulations imposed by the governments for the protection of the environments
are poised to check the expansion of the hydraulic fracturing market over the
next couple of years.
Competitive Dashboard:
Baker Hughes GE (U.S.),
National Oilwell Varco, Inc. (U.S.), Schlumberger (U.S.), Patterson-UTI Energy
(U.S.), TechnipFMC (UK), FracChem LLC. (U.S.), U.S. Silica Holdings (U.S.),
Nuverra (U.S.), Halliburton (U.S.), FTS International (U.S.), Franklin Well
Service LLC (U.S.), US Well Services (U.S.), and EOG Resources (U.S.) are few
of the major players operating in the global hydraulic fracturing market.
These players are anticipated
to witness intensified competition in the market place owing to expansion of
global footprints and technological developments. The market is likely to
remain lucrative over the next couple of years, which is poised to attract
massive investments. Other growth approaches expected to be witnessed in the
landscape of the hydraulic fracturing market are mergers & acquisitions,
product portfolio development, strategic partnerships, collaborations, etc.
Hydraulic Fracturing Market
Segmentation:
The segments of the global hydraulic fracturing market, on the basis of
technology, are sliding sleeve, plug-and-perforation, and others. Among these,
the plug-and-perforation segment is expected to lead the growth of the market
over the next couple of years.
The hydraulic fracturing
market has been divided on the basis of well type into horizontal and vertical.
The horizontal segment is anticipated to hold a prominent market share during
the forecast period owing to its efficiency in cracking multiple oil wells from
the same point.
The segmental assessment of
the global hydraulic fracturing market, on the basis of application, covers
crude oil, tight oil, shale gas, and others. Among these, the tight oil segment
is anticipated to lead the expansion of the market owing to rising demand for
unconventional resources. The shale gas segment is also anticipated to hold a
substantial share of the market in the years to come.
Regional Analysis:
The geographical assessment
of the hydraulic fracturing market spans across four regions that are further
analyzed on a country-level basis. The key regions identified in this study are
North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
North America is expected to
dictate the proliferation of the global market over the next couple of years.
The availability of vast reserves of shale gas in the region is expected to
drive the expansion of the market in the region in the upcoming years. In
addition, investments in the exploration of shale gas are also expected to
increase. This, in turn, is prognosticated to influence the expansion of the
hydraulic fracturing market significantly in the years to come. The U.S. is
assessed to lead the regional market over the next few years.
Browse Summary of Hydraulic Fracturing Industry
Report at: https://www.marketresearchfuture.com/reports/hydraulic-fracturing-market-2532
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the complexity
of various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our
clients. Our market research studies by Components, Application, Logistics and
market players for global, regional, and country level market segments, enable
our clients to see more, know more, and do more, which help to answer all their
most important questions.
No comments:
Post a Comment