About Hydraulic Fracturing
Hydraulic fracturing is used to maximizing well and field value. It is versatile, customized system which meets the requirement of the deep water, extended-reach unconventional completion. It fulfil unique deepwater requirements. Hydraulic fracturing also named as ‘fraccing’ or ‘fracking’. It is a technique which stimulate a reservoir after drilling of any well to enhance the production of oil and gas from that particular reservoir. Hydraulic fracturing, is a form of well stimulation which is a part of completing the well. It is a process of making the well which is ready for the production in oil and gas industry. It consider the drilling and installation of casing procedure in the well, holes are created along selected intervals of the well with the help of small explosive charges to perforate the casing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global hydraulic fracturing market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hydraulic Fracturing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Baker Hughes Incorporated (United States), FTS International (United States), Schlumberger (United States), Weatherford International (United States), Haliburton (United States), Calfrac Well Services (Canada), Tacrom Services (Romania), Superior Energy Services (United States), Trican Well Services (Canada) and Keane Group (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Patterson-UTI (United States), Cudd Energy Services (United States) and Sanjel Energy Services (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Hydraulic Fracturing market by , Application (Crude Oil, Shale Gas, Tight Gas and Tight Oil) and Region.
On the basis of geography, the market of Hydraulic Fracturing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Equipment, the sub-segment i.e. Pumps will boost the Hydraulic Fracturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Plug-And-Perforation will boost the Hydraulic Fracturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Well, the sub-segment i.e. Horizontal will boost the Hydraulic Fracturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Chemicals, the sub-segment i.e. Gels will boost the Hydraulic Fracturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement
Market Growth Drivers:
High Growth in Oil and Gas Market, Increasing Number of Wells in North America Regions and Increasing Project Regarding New Well Drilling In the United States Regions
Challenges:
High Cost Associated With Hydraulic Fracturing, Majorly In Sliding Sleeve Technology. With The Rising Demand Of Increasingly Used In Open-Hole And Naturally Fractured Formations.
Restraints:
Stringent Regulations and Safety Mandates By Various National Governments and Regulatory Bodies and Moratoriums and Bans from Several Regional Agencies of France, Romania, Tunisia, and Bulgaria against Hydraulic Fracturing
Opportunities:
The Growth of the Water Treatment Market Is Closely Linked To the Growth of Operators’ Recycling Efforts, Which Is a Function of both Economics and Regulatory Requirements
Market Leaders and their expansionary development strategies
In Jan 2019, NSI Technologies announced a new cloud-based version of the industry-leading three-dimensional hydraulic fracturing design software. It is an integrated solution for hydraulic fracture design, analysis, and optimization.
In May 2022, SPM Oil & Gas launched system to enhance the hydraulic fracturing process. The new, more streamlined SPM™ Simplified Frac Iron System.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Hydraulic Fracturing Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.