
Hydraulic Fracturing Market Size, Share, and Analysis, By Well Type (Horizontal and Vertical), By Technology (Plug & Perf and Sliding Sleeve), By Application (Sale Gas, Tight Gas, Tight Oil, and Others), and By Region (North America, Europe, Asia-Pacific,
Description
Hydraulic Fracturing Market Size, Share, and Analysis, By Well Type (Horizontal and Vertical), By Technology (Plug & Perf and Sliding Sleeve), By Application (Sale Gas, Tight Gas, Tight Oil, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Hydraulic Fracturing Market Size, Share, and Analysis, By Well Type (Horizontal and Vertical), By Technology (Plug & Perf and Sliding Sleeve), By Application (Sale Gas, Tight Gas, Tight Oil, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-
2034
PRODUCT OVERVIEW
Hydraulic Fracturing Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 32 billion and is projected to reach USD 76.7 billion by the completion of 2034.
Hydraulic fracturing is a technique which is used to extract oil and natural gas from deep underground formations. The process comprises of injecting a high-pressure mixture of water, sand, and chemicals into the rock, which create fractures to release the trapped hydrocarbons. This method has transformed energy production by providing access to previously inaccessible reservoirs. However, it has generated considerable debate due to its potential environmental and societal implications. Additionally, in response to concerns about water contamination and the depletion of water supplies, supporters of hydraulic fracturing highlight its economic benefits, such as the creation of jobs and energy security. Therefore, resolving challenges through transparent laws and innovative technologies can help to reduce risks and assure long-term energy production.
MARKET HIGHLIGHTS
Hydraulic Fracturing Market is expected to reach USD 76.7 billion during the forecast period, due to the rising energy demands and the exploration of unconventional oil & gas reservoirs. Innovations in technology such as horizontal drilling and hydraulic fracturing techniques have expanded the potential for resource recovery. Additionally, favourable government policies are helping in achieving energy independence and attracting major investments in shale gas development. Moreover, market leaders in the industry are innovating to improve the efficiency, due to which the competition among them is becoming more intense. However, research and development efforts targeted at reducing environmental impacts and improving extraction methods are expected to maintain a positive momentum in the market. Therefore, the hydraulic fracturing market has several opportunities in established and new regions as the industry navigate through developing market dynamics and legal frameworks.
Hydraulic Fracturing Market Segments:
- By Well Type
- Horizontal
- Vertical
- By Technology
- Plug & Perf
- Sliding Sleeve
- By Application
- Sale Gas
- Tight Gas
- Tight Oil
- Others
Growth Drivers
Technological Innovations Will Drive Market Growth
Increasing Energy Demand Will Promote Market Expansion
Restraint
Environmental and Regulatory Concerns Could Restrict the Market Growth
Key Players
- Halliburton
- Schlumberger
- Baker Hughes
- Liberty Oilfield Services
- Weatherford International
- National Oilwell Varco
- FTS International
- Calfrac Well Services
- Patterson-UTI Energy
- RPC, Inc.
- Keane Group
- ProPetro Holding Corp.
- Superior Energy Services
- C&J Energy Services
- Trican Well Service Ltd.
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
586 Pages
- 1.Executive Summary
- 1.1. Regional Market Share
- 1.2.Business Trends
- 1.3. Global Hydraulic Fracturing Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1.Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4.Primary Research
- 2.5.Secondary Research
- 2.5.1.Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1.Market Definition
- 3.2.Global Hydraulic Fracturing Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4.Key Developments
- 3.5.Allied Industry Data
- 4.Global Hydraulic Fracturing Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2.COVID-19 overview on world economy
- 4.3.Industry ecosystem Channel analysis
- 4.4.Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1.Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4.Market Restraints
- 7.5. Market Trends
- 8.Risk Analysis
- 9. Market Analysis
- 9.1.Porters Five Forces
- 9.2. PEST Analysis
- 9.2.1.Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10.Global Hydraulic Fracturing Market
- 10.1.Overview
- 10.2. Historical Analysis (2018-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Global Hydraulic Fracturing Market Size & Forecast 2024A-2034F
- 11.1. Overview
- 11.2.Key Findings
- 11.3.Market Segmentation
- 11.3.1.By Well Type
- 11.3.1.1. Horizontal
- 11.3.1.1.1.By Value (USD Million) 2024A-2034F
- 11.3.1.1.2. Market Share (%) 2024A-2034F
- 11.3.1.1.3. Y-o-Y Growth (%) 2024A-2034F
- 11.3.1.2.Vertical
- 11.3.1.2.1. By Value (USD Million) 2024A-2034F
- 11.3.1.2.2.Market Share (%) 2024A-2034F
- 11.3.1.2.3.Y-o-Y Growth (%) 2024A-2034F
- 11.3.2. By Technology
- 11.3.2.1.Plug & Perf
- 11.3.2.1.1. By Value (USD Million) 2024A-2034F
- 11.3.2.1.2.Market Share (%) 2024A-2034F
- 11.3.2.1.3.Y-o-Y Growth (%) 2024A-2034F
- 11.3.2.2. Sliding Sleeve
- 11.3.2.2.1.By Value (USD Million) 2024A-2034F
- 11.3.2.2.2. Market Share (%) 2024A-2034F
- 11.3.2.2.3. Y-o-Y Growth (%) 2024A-2034F
- 11.3.3.By Application
- 11.3.3.1.Sale Gas
- 11.3.3.1.1. By Value (USD Million) 2024A-2034F
- 11.3.3.1.2.Market Share (%) 2024A-2034F
- 11.3.3.1.3.Y-o-Y Growth (%) 2024A-2034F
- 11.3.3.2. Tight Gas
- 11.3.3.2.1.By Value (USD Million) 2024A-2034F
- 11.3.3.2.2. Market Share (%) 2024A-2034F
- 11.3.3.2.3. Y-o-Y Growth (%) 2024A-2034F
- 11.3.3.3. Tight Oil
- 11.3.3.3.1.By Value (USD Million) 2024A-2034F
- 11.3.3.3.2. Market Share (%) 2024A-2034F
- 11.3.3.3.3. Y-o-Y Growth (%) 2024A-2034F
- 11.3.3.4. Others
- 11.3.3.4.1.By Value (USD Million) 2024A-2034F
- 11.3.3.4.2. Market Share (%) 2024A-2034F
- 11.3.3.4.3. Y-o-Y Growth (%) 2024A-2034F
- 12.North America Hydraulic Fracturing Market Size & Forecast 2024A-2034F
- 12.1.Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1.By Well Type
- 12.3.2. By Technology
- 12.3.3. By Application
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13.Europe Hydraulic Fracturing Market Size & Forecast 2024A-2034F
- 13.1.Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1.By Well Type
- 13.3.2. By Technology
- 13.3.3. By Application
- 13.4.Country
- 13.4.1.Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14.Asia-Pacific Hydraulic Fracturing Market Size & Forecast 2024A-2034F
- 14.1. Overview
- 14.2. Key Findings
- 14.3.Market Segmentation
- 14.3.1.By Well Type
- 14.3.2. By Technology
- 14.3.3. By Application
- 14.4. Country
- 14.4.1. India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4.Japan
- 14.4.5.Rest of APAC
- 15.Middle East and Africa Hydraulic Fracturing Market Size & Forecast 2024A-2034F
- 15.1.Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1.By Well Type
- 15.3.2. By Technology
- 15.3.3. By Application
- 15.4.Country
- 15.4.1.Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4.South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Hydraulic Fracturing Market Size & Forecast 2024A-2034F
- 16.1.Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1.By Well Type
- 16.3.2. By Technology
- 16.3.3. By Application
- 16.4.Country
- 16.4.1.Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1.Company market share, 2023
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. Halliburton
- 18.1.1.Company Overview
- 18.1.2.Financial Overview
- 18.1.3.Key Product; Analysis
- 18.1.4.Company Assessment
- 18.1.4.1. Product Portfolio
- 18.1.4.2.Key Clients
- 18.1.4.3.Market Share
- 18.1.4.4.Recent News & Development (Last 3 Yrs.)
- 18.2. Schlumberger
- 18.3. Baker Hughes
- 18.4. Weatherford International
- 18.5. National Oilwell Varco
- 18.6. FTS International
- 18.7. Liberty Oilfield Services
- 18.8. Calfrac Well Services
- 18.9. Patterson-UTI Energy
- 18.10.RPC, Inc.
- 18.11.Keane Group
- 18.12. ProPetro Holding Corp.
- 18.13. Superior Energy Services
- 18.14.C&J Energy Services
- 18.15. Trican Well Service Ltd.
- 18.16. Other Prominent Players
- 19. Appendix
- 20.Consultant Recommendation
Pricing
Currency Rates
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