Report ID: SQMIG20I2070
Pressure Pumping Market Size, Share, Growth Analysis, By Well Type (Horizontal, Vertical), By Service Type (Hydraulic Fracturing, Cementing Services), By Resource Type (Conventional, Unconventional), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20I2070 |
Region:
Global |
Published Date: December, 2024
Pages:
265
|
Tables:
63 |
Figures:
75
Pressure Pumping Market Regional Insights
Globally, North-America dominated the pressure pumping market in 2021 and is expected to maintain its dominance throughout the forecast period. Presence of industries like mature oil fields and robust oilfield services in the Canada and United States are considered as key factors for the growth of market in the region. Rising investments in oil and gas infrastructure on a large scale across the region push the market’s growth.
After North-America, Asia-Pacific is the major region who has the opportunity to hold the pressure pumping market owing to their increased energy demand, high adoption for wells and hydraulic fracturing.
The market in Europe is still in its developmental phase and has witnessed several setbacks due to the moratoriums and bans by several governments as well as non-governmental regulatory bodies in the last few years. For instance, France has completely banned hydraulic fracturing in the country and the German government has passed several acts and amendments to control hydraulic fracturing.
Pressure Pumping Market Report Snapshots
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