(MENAFN- GetNews) Hydraulic Fracturing Market is anticipated to expand at a phenomenal rate due to increased shale oil & gas revolution, rising demand for oil, and rising concern for the depletion of natural resources. Global Hydraulic Fracturing Industry Report by Well Type (Horizontal and Vertical), By Technology (Plug-And-Perforation, Sliding Sleeve, and Others), by Application (Crude Oil, Shale Gas, Tight Oil), and by Region - Forecast till 2023
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.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/hydraulic-fracturing-market-2532
MENAFN0310201900703268ID1099083194
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.