Report ID: SQMIG20I2216
Hydraulic Fracturing Market Size, Share, Growth Analysis, By Well Type (Horizontal, Vertical), By Technology (Plug & Perf, Sliding Sleeve), By Application (Shale Gas, Tight Oil), By Region -Industry Forecast 2024-2031.
Report ID:
SQMIG20I2216 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|
Tables:
89 |
Figures:
76
Hydraulic Fracturing Market Regional Insights
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.
Asia Pacific has enormous potential for industry growth during the forecast period. The existence of large technically recoverable shale and CMB reserves in China, Indonesia, and Australia, as well as heavy investment in the hydrocarbon sector through FDI channels in these countries, is expected to boost the market for leading companies to discover the opportunities that exist in these regional markets' unconventional hydrocarbon reserves.
Increasing investments in oil and gas projects may stimulate the growth of the Saudi Arabia hydraulic fracturing market over the forecast period, as investors invest in unconventional resource exploration and production, as well as encouraging service facilities and infrastructure projects.
Hydraulic Fracturing Market Report Snapshots
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