Pressure Pumping Market By Service Type, (Hydraulic fracturing, Cementing), By Well Type, (Horizontal, Vertical), By Resource Type, (Conventional, Unconventional), Estimation & Forecast, 2016 - 2024

October 2017

 Pages: 151

 ERC 2819


Global Pressure Pumping Market is expected to reach $314.14 Billion by 2024 and having a CAGR of 17.4% over the forecast period of 2017 to 2024.In 2016, the Hydraulic Fracturing segment generated the highest revenue share in the global pressure pumping market. The highest growth will be experienced by cementing service market, having a CAGR of 18.1% during the forecast period.

Pressure pumping is a gradually developed technique which is used for the extraction of resources from the low permeability and tough to breach reservoirs such as shale gas, tight gas and unconventional liquids. The technology is still in its nascent stage which is used to explore the resources which are difficult to be recovered by the usage of the traditional drilling processes. The whole procedure of pressure pumping comprises of propagation of fractures through the layers of rock by using a pressurized fracking fluid and pumping the cement into the well bore to complete it. This process involves the high-pressure injection of fracking fluid for the generation of deep-rock formations through which resources such as natural gas, petroleum, and brine can flow out easily. These services are basically provided by oilfield service companies to oil and gas companies. However some E & P companies have their own department of exploration having well equipped with pressure pumping technology. Hydraulic fracturing is the most adopted pressure pump service, globally. In addition to this, cementing services, sand control services and acidization, are also a part of the very industry.

Market Determinants

In the current scenario, the requirement of pressure pumps is quite explicit. It is because of the complexity and unfavorable conditions occurred while unconventional means of exploration, often going into deeper zones. The constantly growing demand of energy with the increase in investments in offshore and unconventional exploration and production activities are acting as driving agents for the growth of global pressure pumping market. In addition to this, rapidly decreasing oil and gas reserves are also pushing the industry to move forward for improvised solutions. Increased drilling activities to extract oil and shale gas from unconventional onshore fields is leading to a significant increase in the Pressure Pumping Market. However, Pressure pumping is facing a lot of public opposition on environmental hazards caused by fracturing. Water usage, water contamination, and seismic activities are the most important concerns of pressure pumping. Due to these environmental concerns, the growth of the global market is diminished with a ban in many countries on hydraulic fracturing.

Pressure Pumping Market Determinants Impact Analysis- 2016 vs. 2024

Market Segmentation

The segmentation of the market is done on the basis of service type, well type, resource types and geography. According to Service type, the market is segmented as Hydraulic fracturing, Cementing and others. On the basis of well type, the market is segmented as horizontal and vertical. According to the resource type the market is segmented as Conventional and Unconventional. On the basis of geography the market is segmented as North America, Europe, Asia pacific and Rest of World.
Baker Hughes, Franc Tech Services International., Schlumberger Limited, China Oilfield Services Ltd, Halliburton Company, Superior Energy Services, National Oil well Varco, Saipan Spa, Weatherford International and Fluor are some major companies of Pressure Pumping Market.

Pressure Pumping Market Segmentation

By Service Type
   • Hydraulic fracturing
   • Cementing
   • Others

By Well Type
   • Horizontal
   • Vertical

By Resource Type
   • Conventional
   • Unconventional

By Geography
North America
   • Us
   • Canada
   • Mexico

   • Germany
   • France
   • Italy
   • UK

   • China
   • India
   • Japan
   • Australia

Rest of World
   • Latin America
   • Middle East
   • Africa

Pressure Pumping Market Key Players

   • Baker Hughes,
   • Franc Tech Services International.
   • Schlumberger Limited
   • China Oilfield Services Ltd
   • Halliburton Company
   • Superior Energy Services
   • National Oil well Varco
   • Saipan Spa
   • Weatherford International
   • Fluor

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    What Information does this report contain?

    • What was the market size of the Global Pressure Pumping Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Global Pressure Pumping Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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