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Global Pressure Pumping Market: Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Overview:

The pressure-pumping market is expected to witness high growth owing to the increasing exploration and production activities of non-conventional shale gas coupled with other operations such as enhanced oil recovery (EOR), cementing, sand control services, and acidization. Pressure pumping services are also used in mature reservoirs where the extraction of oil is difficult.

Volatile oil prices are influencing oil producers to adopt technologies such as EOR to increase output from their existing reservoirs and increase their ROI. Moreover, the growing production of shale gas in North America and other regions of the globe is anticipated to fuel the demand for pressure-pumping services over the forecast period (2016–2023). Growing deep-water drilling activities in Mexico are also expected to drive the demand for pressure pumping services over the forecast period. However, environmental concerns regarding water contamination have resulted in stringent regulatory policies in a few regions of Europe. For instance, France has banned shale gas exploration with the concern that the water table can be contaminated with the chemicals used in the hydraulic fracturing process. Besides this, high installation costs for pressure pumping, water scarcity, and public resistance are other factors expected to restrain the demand for pressure pumping services over the forecast period (2016–2023).

North America is expected to be the dominant region over the forecast period owing to increasing shale gas exploration in the region.

Leading players identified across the value chain of the pressure pumping market are focusing on innovating new techniques coupled with technology to bring efficiency to pressure pumping operations.

The global pressure pumping market is segmented on the following basis:

By Type

  • Hydraulic Fracturing
  • Cementing
  • Others (acidization)

By Reserve Type

  • Conventional reserves
  • Non-conventional reserves

By Geography

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • France
  • Germany
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of APAC
  • Rest of the World
  • Latin America
  • Brazil
  • rest of Latin America
  • Middle East and Africa
  • Africa

Key players identified across the value chain in the pressure pumping market include but are not limited to:

Baker Hughes Incorporated, Schlumberger Limited, Weatherford International Limited, Halliburton Company, Frontier Oilfield Services Inc., and others

This report offers the following:

  • An overview of the global pressure pumping market
  • Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
  • Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
  • Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlight key information about the major players operating in the global pressure pumping market.
  • This report includes an estimation of market size and value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the global pressure pumping market.

 Frequently Asked Questions:

The market for Pressure Pumping Market is expected to reach XX Bn in 2023.

The Pressure Pumping Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016-2023.

The base year of this report is 2015.

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Trusted By
Godaddy
Published Date:  Nov 2016
Category:  Oil & Gas
Report ID:   58182
Report Format:   PDF
Pages:   120
Rating:    4.4 (55)
Delivery Time: 24 Hours to 48 Hours   
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