(EnergyIndustry.Net, October 14, 2017 ) Market Highlights Hydraulic Fracturing Market is expected to grow over the CAGR of around 11% during the period 2016 to 2022
The Hydraulic Fracturing Market is growing due to the abundance of unconventional reserves such as tight oil, shale gas, coal bed methane and others. The rising concern regarding the depletion of conventional oil and gas blocks along with the shift in focus towards development of the unconventional resource is expected to drive the demand of hydraulic fracturing market share. Besides the introduction of various government initiatives and the introduction of tax incentives, FDI provision and financial aids in the hydrocarbon sector are further expected to drive the demand of the market. However, the huge cost involved in the process of hydraulic fracturing is expected to hamper the growth of the market.
The report has been analyzed based on the well types, technologies, applications and regions. Among all applications, crude oil is expected to contribute the maximum to the growth of the hydraulic fracturing market. The rise in number of maturity fields and the aging brown field is leading the operators to produce crude oil from unconventional resources. Shale gas is also expected to drive the growth of the hydraulic fracturing market. The increase in the demand of natural gas from power plant industries due to its better fuel efficiency is expected to favor the growth of the shale gas hydraulic fracturing industry during the forecast period. The stringent government rules and regulation for reduction of carbon emission is further expected to boost the demand of the market
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Hydraulic Fracturing Market Research Report - Forecast to 2022”
Key Players The key players of hydraulic fracturing market are • Halliburton Company (U.S.), • Schlumberger Limited (France), • Weatherford International (U.S.), • United Oilfield Services, Inc. (U.S.), • Cudd Energy Services (Texas), • Calfrac Well Services Ltd. (U.S.), • Trican Well Services Ltd (U.S.), • Tacrom Services S.R.L (Romania) • Superior Well Services, Inc. (U.S.) • others.
Market Research Analysis Among all technologies, plug and perforation is the most commonly used for the extraction of crude oil and natural gas. It is used in cased hole wells and is flexible in nature. Plug and perforation technique majorly helps in achieving high production rate. It is mainly used for shale oil and shale gas completions. It has the ability to be reworked in case of any problem or when production process pauses. The ease of accessibility provided by such technology for fracking in horizontal wells, make it a favorable technology than alternatives such as sliding sleeve and others.
Scope of the Report This study provides an overview of the global hydraulic fracturing market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Hydraulic Fracturing Market by its well type, technology, application and region. By well Type • Horizontal • Vertical By technology • Plug-And-Perforation • Sliding Sleeve • others By Application • Crude oil • Shale gas • Tight oil • Others By Region • North America • Asia Pacific • Europe • Rest of the World
1 Executive Summary 2 Research Methodology 2.1 Scope Of The Study 2.1.1 Definition 2.1.2 Research Objective 2.1.3 Assumptions 2.1.4 Limitations 2.2 Research Process 2.2.1 Primary Research 2.2.2 Secondary Research 2.3 Market Size Estimation 2.4 Forecast Model 3 Market Dynamics 3.1 Market Drivers 3.2 Market Inhibitors 3.3 Supply/Value Chain Analysis 3.4 Porter’s Five Forces Analysis 4 Global Hydraulic Fracturing Market, By Well Type Continue…………
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