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

Overview:

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

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

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

Global Pressure Pumping Market is segmented on the following bases:

  • 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 World
      • Latin America
        • Brazil
        • Rest of Latin America
      • Middle-East & 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:

  • An overview of the global pressure pumping market
  • Market trends assessment for the period 2016-2023, with historical information for 2013 & 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, launch, and current and anticipated market dynamics
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the global pressure pumping market
  • This report includes estimation of market size for value. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global pressure pumping market.
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