+1-888-308-5802     
News Contact Us

Hydraulic Fracturing Market 2019: Trend Analysis, Forecast, Competition and Growth Opportunities- 2025

Author : Rahul Sankrityayan | Published Date : 2019-08-30 

Hydraulic fracturing market from plug and perforation technology was valued above USD 16.5 billion in 2015. Wide application in cased hole wells, easy accessibility for fracking in horizontal wells and favorable technology will drive the product demand. Lower cost and less time consuming are the factors that will propel the demand of side sleeves by 2024. This technology is widely used to shut off the flow from one or more reservoirs.

Hydraulic Fracturing Market demand is expected to grow from USD 24 billion in 2015 to USD 68 billion by 2024, at a compound annual growth rate (CAGR) of 12% during the forecast period.

The U.S. hydraulic fracturing market will grow over 8.5% by 2024. Favorable government regulations, improved drilling, skilled manpower and abundance availability of shale gas, tight gas, shale oil and tight oil will fuel the product demand. The Marcellus shale play accounts for 1,500 tcf of shale gas which is half of the shale gas present in the country.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1122

Global Hydraulic fracturing Market is set to witness growth of over 12% and exceed USD 65 billion by 2024. Increasing petroleum consumption and rapid infrastructure development will drive the hydraulic fracturing market. As per BP statistical review, global crude oil consumption was 93 million barrels per day which increased to 95 million barrels per day. Growing investments in development of unconventional resources owing to continuous decline in conventional reserves will drive the product penetration.

Potential application outlook of natural gas across various industries and power plants will enhance the demand. Natural gas consumption was 3,410.2 bcm in 2014 which increased to 3,468.6 bcm in 2015. Increasing exploration and production of shale coupled with technological advancement and availability of resources will increase the hydraulic fracturing market share.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1122

Horizontal hydraulic fracturing market share accounted for above 65% in 2015 owing to its wide application in extraction of unconventional reserves in U.S. In 2015, over 70% of the producing wells in the country were horizontally drilled as they provide a greater access to natural gas surrounding the entire portion of well.

Shale gas segment is set to witness growth rate exceeding 14% by 2024. Better fuel efficiency and rise in natural gas demand coupled with stringent government regulations to reduce carbon emissions will drive the demand of shale gas. Tight gas accounted for over 15% of global hydraulic fracturing market share in 2015. Aging brown fields and rise in maturing projects will propel the demand of crude oil from unconventional resources.

Russia accounted for over 40% of the Europe hydraulic fracturing market owing to the development of potential hydrocarbon reserves. In 2015, Russia held more than 665 tcf of unconventional reserves which includes tight gas, shale gas, CBM and hydrates,

Argentina hydraulic fracturing market will grow over 15% from 2015 to 2024. Abundant availability of unconventional resources coupled with favorable government initiatives will drive the demand of product. Iran will also witness a significant growth due to presence of shale in abundance amount. In 2016, the Center for Exploration & Production announced 158 billion barrels of oil reserves in Iran.

Saudi Arabia accounted for over 10% market share of the global hydraulic fracturing market. Rising investments in o & g projects will stimulate the product penetration in the market. Saudi Aramco is investing over USD 300 billion in infrastructure development and in E&P phase of unconventional reserves.

Hydraulic fracturing market is consolidated in nature owing to presence of large number of industry players. Key industry players include Baker Hughes, Schlumberger, Haliburton, Weatherford International, Tacrom Services and Calfrac Well Services. Other prominent players include FTS International, Trican Well Services, Superior Energy Services and others.

Partial Table of Contents (ToC) of the report:

Chapter 3    Hydraulic Fracturing Industry Insights

3.1    Industry segmentation

3.2    Industry size & growth forecast, 2013 – 2024

3.3    Hydraulic fracturing industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Innovation trends

3.5    Regulatory landscape

3.5.1    U.S.

3.5.2    Europe

3.5.3    China

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1   Increasing exploration of unconventional resources

3.6.1.2   Shifting trends towards deepwater exploration

3.6.1.3   Abundant availability of shale gas reserves

3.6.2    Industry pitfalls & challenges

3.6.2.1   Adverse environmental impact

3.7    Application potential benchmarking

3.8    Porter’s analysis

3.9    Competitive landscape, 2015

3.10  PESTEL analysis

Chapter 4    Hydraulic Fracturing Technology Insights

4.1    Hydraulic fracturing market share by technology, 2015 & 2024

4.2    Plug and Perforation

4.2.1    Global hydraulic fracturing market estimates and forecast from plug and perforation, 2013 - 2024

4.2.2    Global hydraulic fracturing market revenue from plug and perforation, by region, 2013 – 2024

4.3    Sliding Sleeves

4.3.1    Global hydraulic fracturing market estimates and forecast from sliding sleeves, 2013 - 2024

4.3.2    Global hydraulic fracturing market revenue from sliding sleeves, by region, 2013 – 2024

Chapter 5    Hydraulic Fracturing Market Insights, By Well

5.1    Hydraulic fracturing market share by well, 2015 & 2024

5.2    Horizontal

5.2.1    Global hydraulic fracturing market estimates and forecast from horizontal, 2013 - 2024

5.2.2    Global hydraulic fracturing market revenue from horizontal, by region, 2013 – 2024

5.3    Vertical

5.3.1    Global hydraulic fracturing market estimates and forecast from vertical, 2013 - 2024

5.3.2    Global hydraulic fracturing market revenue from vertical, by region, 2013 – 2024

Chapter 6    Hydraulic Fracturing Application Insights

6.1    Hydraulic fracturing market share by application, 2015 & 2024

6.2    Crude Oil

6.2.1    Global hydraulic fracturing market estimates and forecast from crude oil, 2013 - 2024

6.2.2    Global hydraulic fracturing market revenue from crude oil, by region, 2013 - 2024

6.3    Shale Gas

6.3.1    Global hydraulic fracturing market estimates and forecast from shale gas, 2013 - 2024

6.3.2    Global hydraulic fracturing market revenue from shale gas industry, by region, 2013 – 2024

6.4    Tight gas

6.4.1    Global hydraulic fracturing market estimates and forecast from tight gas, 2013 - 2024

6.4.2    Global hydraulic fracturing market revenue from tight gas, by region, 2013 – 2024

6.5    Tight Oil

6.5.1    Global hydraulic fracturing market estimates and forecast from tight oil, 2013 - 2024

6.5.2    Global hydraulic fracturing market revenue from tight oil, by region, 2013 – 2024

6.5    Others

6.5.1    Global hydraulic fracturing market estimates and forecast from others, 2013 - 2024

6.5.2    Global hydraulic fracturing market revenue from others, by region, 2013 – 2024

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/hydraulic-fracturing-market

 

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Electric Submersible Pump Market Demand Analysis and Future Growth Predictions | Key Players Borets International Limited, Schlumberger Limited

Published Date: 2019-11-19         Author: Rahul Sankrityayan

Global Market Insights has recently published a study titled ‘Global Electric Submersible Pump Market Research Report’. In this report, analysts have provided a detailed evaluation of the global Electric Submersible Pump market. The report is inclusive of a completely comprehensive study... Read More

Digital Substation Market Outlook 2019 – Growth Drivers, Opportunities and Forecast Analysis to 2025

Published Date: 2019-11-19         Author: Rahul Sankrityayan

Global Market Insights has recently published a study titled ‘Global Digital Substation Market Research Report’. In this report, analysts have provided a detailed evaluation of the global Digital Substation market. The report is inclusive of a completely comprehensive study of the Digita... Read More

Energy Storage Systems Market Segmentation, Parameters and Prospects 2019 to 2025 Research Report

Published Date: 2019-11-19         Author: Rahul Sankrityayan

Global Market Insights has recently published a study titled ‘Global Energy Storage Systems Market Research Report’. In this report, analysts have provided a detailed evaluation of the global Energy Storage Systems market. The report is inclusive of a completely comprehensive study of th... Read More

© 2019 Fractovia. All Rights Reserved