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Hydraulic Fracturing Market Size, Growth Opportunities, Current Trends, Forecast by 2017 – 2025

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Analysis of the Global Hydraulic Fracturing Market

TMRR recently published a market study which highlights the various factors that are expected to influence the dynamics of the global Hydraulic Fracturing market over the forecast period (2019-2029). According to the report, owing to a range of factors including factor 1, factor 2 and factor 3, the global Hydraulic Fracturing market is expected to reach a market value of ~US$ XX Mn/Bn by the end of 2029.

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The presented market study offers an in-depth analysis of the market scenario in the various geographies such as:

Key Trends 

The world is going through a crisis in terms of depleting conventional reserves and hydraulic fracturing is a silver lining for those who are directly or indirectly dependent on these reserves. The demand for hydraulic fracturing is high as a shift in preference can be witnessed for unconventional reserves including shale, tight gas, tight oil, and coal bed methane, which is in turn fuelling the market. Also, rapid infrastructure development and industrialization are supplementing the demand for hydraulic fracturing.   

Although hydraulic fracturing is being given a lot of importance in various countries, the market has had to face the music on account of several adverse effects such as noise and visual impact, seismic events, and land surface disturbances. In addition, expensive operational costs involved in development of shale gas is presenting a tough challenge to hydraulic fracturing companies. 

Global Hydraulic Fracturing Market: Market Potential 

The demand for energy is never going to subside. There is an urgent need for innovative ideas and new technologies that will reduce development and management costs and increase efficiency and effectiveness. The economic advantage achieved will further help drilling, exploration, expansion, and fracturing activities in new territories.   

Saudi Arabian Oil Company, also called Saudi Aramco, has been relentlessly working on the stimulation and fracturing of wells and has been expanding and improving continuously in the areas of fracture design, use of novel materials, and field implementation. It recently introduced the use of local sand as proppants combined with the channel fracturing technique. 

Seawater-based fracturing fluids is another commendable technology being developed and adopted in Saudi Arabia, which will help save valuable fresh water. The few field applications and laboratory experiments have shown constancy at high pressures and temperatures, compatibility with fracturing additives and formation fluids, and resilience against scale formation. This technology will go a long way in serving the environment tremendously through the use of seawater and will help make fresh water available and affordable in remote areas. 

Global Hydraulic Fracturing Market: Regional Outlook 

The U.S. market for hydraulic fracturing is prospering due to growing exploration and production of unconventional resources such as tight oil and shale gas, coupled with available resources such as advanced technology and skilled manpower. 

Due to surplus availability of unconventional resources, China’s hydraulic fracturing market is expected to grow during the forecast period. Whereas in Europe, increasing investigation related to the development of available hydrocarbon reserves is likely to favor the business growth. 

Escalating investments in oil and gas projects are giving impetus to the market in Saudi Arabia. Saudi Aramco is planning to invest US$334 billion to support infrastructure project, service facilities, and in the exploration and production phase of unconventional resources. 

Global Hydraulic Fracturing Market: Competitive Analysis  

The global hydraulic fracturing market is highly consolidated despite the presence of a large number of players operating across the value chain. Some of the prominent participants in this industry are FTS International, Cudd Energy Services, Patterson UTI Tacrom Services, Trican Well Services, Baker Hughes Incorporated, Trican Well Services Ltd, Weatherford International, Haliburton, Calfrac Well Services, Schlumberger Limited., ConocoPhilips, Franklin, United Oilfield Services, and Superior Energy Services.  

In 2016, Oklahoma’s Seventy Seven Energy entered into a merger agreement with Patterson UTI to expand its fracturing business with 201 high specific rigs. 

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The pricing strategy, marketing strategy, promotional strategy, and the distribution channel adopted by each of these companies is provided in the market report.

Some of the most important queries related to the Hydraulic Fracturing market catered to in the report:

  1. Why is the concentration of major companies high in region 1 and region 2?
  2. How have government regulations impacted the growth of the Hydraulic Fracturing market on the global scale?
  3. Why are consumers opting for product 1 over product 2?
  4. Why is the adoption of application 1 likely to outpace that of application 2?
  5. What are the factors contributing towards the evolving consumer requirements?

Resourceful Insights that can be drawn from the Hydraulic Fracturing market report:

  • Manufacturing techniques incorporated by different market players
  • Analysis of the impact of technology on the prospects of the Hydraulic Fracturing market during the forecast period
  • Year-on-Year growth of the different market segments and sub-segments
  • Company profiles of some of the most established players in the Hydraulic Fracturing market
  • Analysis of the regional and global presence of active market players in the Hydraulic Fracturing market

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Why purchase from TMRR?

With consistent delivery of high quality and result-oriented market reports, TMRR has gradually established itself as one of the top market research companies in the Indian subcontinent. The analyst’s deploy an effective data collection process wherein product managers, marketing representatives, sales managers, product development teams and more are interviewed to create impactful market reports. In addition, we provide customized reports in tune with the requirements of our clients. 

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends. 

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This post was originally published on Space Market Research

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