The article cited AMA's Global Fracturing Equipment Market Study explored substantial growth with CAGR of 8.5%. According the report, Increasing Demand for Custom Designed Fracturing Equipment
is one of the primary growth factors for the market. Rising Investment in Oil and Gas Industry to Ensure Energy Security
is also expected to contribute significantly to the Fracturing Equipment market. Overall, applications of Fracturing Equipment, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Oil States Energy Services (United States), Stuart Pressure Control (United States), CCSC Petroleum Equipment LTD CO. (China), Schlumberger Limited (United States), Expro Group (United Kingdom), Weir Group (United Kingdom), Yantai Jereh petroleum Equipment & Technologies Co., Ltd. (China), Weatherford International Inc. (United States), Halliburton (United States), Calfrac Well Services (Canada) and FTS International (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Well Type, such as Horizontal, is boosting the Fracturing Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment Location, such as Onshore, is boosting the Fracturing Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Fracturing Equipment market identified that the demand is rising in many different parts of the world as "Growing Demand for Environment Friendly Water-less Fracturing with the Help of Carbon Dioxide". Furthermore, some recent industry insights like "In June 2023, Jereh unveiled its recently developed innovative technology at cippe, the Jereh 8000 HP electric fracturing unit and electric coiled tubing unit, with the theme of "low carbon tech, smart exploitation solution." is constantly making the industry dynamic. One of the challenges that industry facing is "Social Issues Such as Local Public Opposition to Shale Activities and Health and Environmental Hazards Caused by Chemicals Used in Fracturing Activities"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Fracturing Equipment market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Fracturing Equipment market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Fracturing Equipment market tight? Which application/end-user category or Product Type [Hydraulic and Pneumatic] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Fracturing Equipment market and other related sub-markets covered in the study.
o Key & emerging players in the Fracturing Equipment market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Fracturing Equipment market size is calculated using market estimation process, the Fracturing Equipment market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Fracturing Equipment market size has been validated using both top-down and bottom-up approaches.