Global Hydraulic Fracturing Market

Hydraulic Fracturing Market Size, Share, Growth Analysis, By Well type(Horizontal, and vertical), By Technology(Plug & perf, sliding sleeve), By Application(Shale gas, tight gas, tight oil, and others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2216 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Hydraulic Fracturing Market Competitive Landscape

Global hydraulic fracturing market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Hydraulic Fracturing Market Top Player's Company Profiles  

  • Halliburton
  • Schlumberger
  • Baker Hughes
  • National Oilwell Varco
  • FTS International
  • RPC Inc.
  • Calfrac Well Services
  • Weatherford International
  • Liberty Oilfield Services
  • Trican Well Service
  • Keane Group
  • Patterson-UTI Energy
  • ProPetro Holding Corp
  • US Well Services
  • NexTier Oilfield Solutions
  • Basic Energy Services
  • Hi-Crush Inc.
  • CARBO Ceramics
  • Mammoth Energy Services
  • Nine Energy Service.

Hydraulic Fracturing Market

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Hydraulic Fracturing Market size was valued at USD 34.1 billion in 2019 and is poised to grow from USD 36.69 billion in 2023 to USD 70.94 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).

Global hydraulic fracturing market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Halliburton', 'Schlumberger', 'Baker Hughes', 'National Oilwell Varco', 'FTS International', 'RPC Inc.', 'Calfrac Well Services', 'Weatherford International', 'Liberty Oilfield Services', 'Trican Well Service', 'Keane Group', 'Patterson-UTI Energy', 'ProPetro Holding Corp', 'US Well Services', 'NexTier Oilfield Solutions', 'Basic Energy Services', 'Hi-Crush Inc.', 'CARBO Ceramics', 'Mammoth Energy Services', 'Nine Energy Service.'

According to the hydraulic fracturing market report, rapidly increasing demand for oil, gas, and other petroleum products, as well as the growing demand for advanced hydraulic equipment, particularly for exploration, will drive market growth, as it is helping to increase hydraulic fracturing market share throughout the forecast period.

Energy demand is increasing in developing countries such as India and China, and hydraulic fracturing will keep increasing and benefit these countries in order to meet this demand and boost growth. This in turn, increasing the market size globally.

Due to the presence of key countries such as Canada and the United States, North America is expected to dominate the global hydraulic fracturing market during the forecast period. Furthermore, high market penetration in these regions can be influenced by the availability of essential resources such as skilled labour, technology, and government assistance, as well as increased exploration and production activities in unconventional reserves.

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Global Hydraulic Fracturing Market

Report ID: SQMIG20I2216

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