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Hydraulic Fracturing Market by Geography & by Well Type (Horizontal and Vertical) and Shale Play in the U.S. - Global Trends and Forecast to 2014 - 2019

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: EP 2944

 

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Hydraulic fracturing is a technique of propagating fractures on low-permeability reservoirs such as shale to increase oil and/or gas flow from the formation, and eventually improve production. Fluids, along with proppants, are injected at high pressure and flow rate into a reservoir to create fractures perpendicular to the wellbore, based on natural stresses of the formation, to maintain those openings during production. This technique is primarily used to create enough permeability across the reservoir to extract oil & gas, otherwise difficult to recover through natural production. The technique emerged following the U.S. shale gas revolution which is now playing an important role in unconventional oil & gas exploration and production activities, to produce untapped energy potential from solid rocks.

Fracturing fluids are used in hydraulic fracturing treatments of shale to keep the well viscous enough to create a fracture of adequate width. These are water-based fracturing fluids mixed with proppants and thickening agents, pumped in a controlled and monitored environment into shale, above fracture pressure.

Driven principally by the U.S., other countries such as Canada, Russia, Argentina, Australia, and China are also expected to contribute in the future to the growth of shale. China is expected to exponentially increase its shale gas production by 2015, which in turn is expected to drive the hydraulic fracturing market in the Asian region. Other countries are also expected to drive their shale gas production in the future to enhance their economic growth.

The market share of various regions in the study is shown in the chart below:

Hydraulic Fracturing Market Share, by Region, 2013 ($Million)

Hydraulic Fracturing Market

Source: Expert Interviews and MarketsandMarkets Analysis

Hydraulic fracturing has been facing a lot of public opposition due to potential environmental hazards caused by the process. Water usage, water contamination, and seismic activities are the most important concerns related to hydraulic fracturing. Due to these environmental concerns, market growth in some regions is also expected to face some restraints. In fact, some companies have even banned from using hydraulic fracturing. This presents an opportunity for oilfield service companies to use ‘waterless’ hydraulic fracturing or foam fracturing.

Scope of the report: The report estimates the global hydraulic fracturing market by the end of 2019. It highlights various key industrial issues and market impulse factors. It also describes a number of important dynamics such as key drivers, restraints, opportunities, and industry challenges of the market.

On the basis of well type: Horizontal and vertical wells

On the basis of Shale type: Antrim, Bakken, Barnett, Eagle Ford, Fayetteville, Haynesville, Marcellus, Woodford, and Rest of the U.S. ‘shale’

On the basis of Region:  North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific

To provide a deeper understanding of the competitive landscape, the report includes profiles of some of the major hydraulic fracturing players such as Schlumberger (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), Calfrac Well Services (U.S.), FTS International (U.S.), Nabors Industries Ltd. (Bermuda) (U.S.), Tacrom Services SRL (Romania), Trican Well Services Limited (U.S), United Oilfield Services (U.S.), Weatherford International Inc. (U.S.), and Patterson-UTI Energy Inc. (U.S.).

Market share analysis of the top companies has also been included in this report, which has been estimated in terms of volume and value. The market share has been estimated in terms of million Hydraulic Horse Power (hhp) and market size in terms of $million. This has been broken down based on regions and further split into countries. For this study, the major market players have been identified through secondary and primary research activities. The market share analysis of these key players has been arrived at based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, directors, and marketing executives.

Table of Contents
 
1 Introduction
    1.1 Objectives of the Study
    1.2 Stakeholders
    1.3 Market Scope
          1.3.1 Markets Covered

2 Research Methodology
    2.1 Market Size Estimation
    2.2 Market Breakdown & Data Triangulation
          2.2.1 Key Data From Secondary Sources
          2.2.2 Key Data From Primary Sources
          2.2.3 Key Secondary Sources Used
    2.3 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in Shale
    4.2 Hydraulic Fracturing Market By U.S. Shale Type
    4.3 North America Commands Over Three-Forth of the Market Share
    4.4 Hydraulic Fracturing  Market: Developed Vs.Developing Nations
    4.5 Life Cycle Analysis, By Geography

5 Market Overview
    5.1 Introduction to Well Stimulation
        5.2 Technology Overview
          5.2.1 Types of Hydraulic Fracturing
                   5.2.1.1 Perf-and-Plug
                   5.2.1.2 Sliding Sleeve
                   5.2.1.3 Comparison of Perf-and-Plug and Sliding Sleeve Systems
    5.3 Market Dynamics
          5.3.1 Drivers
                   5.3.1.1 Increase in Shale Exploration and Production Activities
                               5.3.1.1.1 Increasing Shale Gas Proved Reserves
                               5.3.1.1.2 Increasing Shale Gas Drilling Activities
                   5.3.1.2 Energy Strategy Shift Through Gas-A ‘Transitional Fuel’
                   5.3.1.3 Energy Security offered By the Domestic Supply of Natural Gas
          5.3.2 Restraints
                   5.3.2.1 High Water Usage in Hydraulic Fracturing and Environmental Concerns
                   5.3.2.2 Concerns About Seismic Activity
                   5.3.2.3 Public Opposition to Shale Fracturing
          5.3.3 Opportunities
                   5.3.3.1 Waterless’ Fracturing – Foams
          5.3.4 Challenge
                   5.3.4.1 Health and Environmental Impacts of Fracking Chemicals

6 Industry Trends
    6.1 Value Chain Analysis
          6.1.1 Raw Material Suppliers
          6.1.2 Service Providers
          6.1.3 Oil Field Operators
    6.2 Porter’s Five Forces Analysis
          6.2.1 Threat of Substitutes
          6.2.2 Bargaining Power of Buyers
          6.2.3 Bargaining Power of Suppliers
          6.2.4 Threat of New Entrant
          6.2.5 Intensity of Rivalry

7 Shale Gas Industry Analysis
    7.1 Related Market
          7.1.1 Hydraulic Fracturing Market
    7.2 Shale Gas Reserves Scenario
          7.2.1 Shale Gas Reserves, By Geography
                   7.2.1.1 North America
                               7.2.1.1.1 U.S.
                               7.2.1.1.2 Canada
                               7.2.1.1.3 Mexico
                   7.2.1.2 South America
                               7.2.1.2.1 Argentina
                               7.2.1.2.2 Brazil
                               7.2.1.2.3 Chile
                               7.2.1.2.4 Colombia & Venezuela
                               7.2.1.2.5 Paraguay & Bolivia
                               7.2.1.2.6 Uruguay
                   7.2.1.3 Europe
                               7.2.1.3.1 Denmark
                               7.2.1.3.2 France
                               7.2.1.3.3 Germany
                               7.2.1.3.4 Lithuania & Kaliningrad
                               7.2.1.3.5 The Netherlands
                               7.2.1.3.6 Poland
                               7.2.1.3.7 Romania, Bulgaria, & Ukraine
                               7.2.1.3.8 Russia
                               7.2.1.3.9 Spain
                               7.2.1.3.10 Sweden
                               7.2.1.3.11 U.K.
                   7.2.1.4 Africa
                               7.2.1.4.1 Algeria
                               7.2.1.4.2 Egypt
                               7.2.1.4.3 Libya
                               7.2.1.4.4 Morocco
                               7.2.1.4.5 South Africa
                               7.2.1.4.6 Tunisia
                   7.2.1.5 Asia-Pacific
                               7.2.1.5.1 Australia
                               7.2.1.5.2 China
                               7.2.1.5.3 India
                               7.2.1.5.4 Indonesia
                               7.2.1.5.5 Jordan
                               7.2.1.5.6 Mongolia
                               7.2.1.5.7 Pakistan
                               7.2.1.5.8 Thailand
                               7.2.1.5.9 Turkey

8 Geographic Analysis
    8.1 Introduction
    8.3 Global Hydraulic Fracturing Market
          8.3.1 Global Hydraulic Fractting Market Size, By Geography, 2012-2019 ($Million)
          8.3.2 Global Hydraulic Fractting Market Size, By Geography, 2012-2019 (Million Hhp)
    8.4 North America Hydraulic Fracturing Market
          8.4.1 North America Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
          8.4.2 North America Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)
    8.5 Latin America Hydraulic Fracturing Market
          8.5.1 Latin America Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
          8.5.2 Latin America Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)
    8.6 Europe Hydraulic Fracturing Market
          8.6.1 Europe Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
          8.6.2 Europe Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)
    8.7 Asia-Pacific Hydraulic Fracturing
          8.7.1 Asia-Pacific Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
          8.7.2 Asia-Pacific Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)
    8.8 Africa Hydraulic Fracturing Market
          8.8.1 Africa Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
          8.8.2 Africa Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)
    8.9 Middle East Hydraulic Fracturing
          8.9.1 Middle East Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
          8.9.2 Middle East Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)

9 U.S. Hydraulic Fracturing Market, By Shale Type
    9.1 Introduction
    9.2 U.S. Hydraulic Fracturing Shale Market
    9.3 U.S. Hydraulic Fracturing Shale Market Analysis
          9.3.1 Antrim Shale
          9.3.2 Bakken Shale
          9.3.3 Barnett Shale
          9.3.4 Eagle Ford Shale
          9.3.5 Fayetteville Shale
          9.3.6 Haynesville Shale
          9.3.7 Marcellus Shale
          9.3.8 Woodford Shale
          9.3.9 Rest of the U.S. Shale

10 U.S. Hydraulic Fracturing Market, By Well Type
     10.1 Introduction
     10.2 U.S. Hydraulic Fracturing Well Market
             10.2.1 U.S. Vertical Hydraulic Fracturing Market
             10.2.2 U.S.: Horizontal Hydraulic Fracturing Market

11 Competitive Landscape
     11.1 Overview
     11.2 Market Share Analysis, Hydraulic Fracturing Market (By Key Players)
     11.3 Competitive Situation & Trends
     11.4 Contracts & Agreements
     11.5 Mergers & Acquisitions
     11.6 New Product Launch
     11.7 Other Expansions

12 Company Profiles
     12.1 Introduction
     12.2 Baker Hughes Incorporated
             12.2.1 Introduction
             12.2.2 Product offering
             12.2.3 Strategy & Insights
             12.2.4 SWOT Analysis
             12.2.5 Developments
             12.2.6 MNM View
     12.3 Calfrac Well Services Ltd.
             12.3.1 Introduction
             12.3.2 Product offering
             12.3.3 Strategy & Insights
             12.3.4 SWOT Analysis
             12.3.5 Developments
             12.3.6 MNM View
     12.4 FTS International
             12.4.1 Introduction
             12.4.2 Product offering
             12.4.3 Strategy & Insights
             12.4.4 Developments
     12.5 Halliburton
             12.5.1 Introduction
             12.5.2 Product offering
             12.5.3 Strategy & Insights
             12.5.4 SWOT Analysis
             12.5.5 Developments
             12.5.6 MNM View
     12.6 Nabors Industries Ltd.
             12.6.1 Business Overview
             12.6.2 Products & Services
             12.6.3 Key Strategy
             12.6.4 Recent Developments
     12.7 Patterson-Uti Energy Inc.
             12.7.1 Business Overview
             12.7.2 Services
             12.7.3 Key Strategy
             12.7.4 Recent Developments
     12.8 Rpc Inc.
             12.8.1 Introduction
             12.8.2 Product offering
             12.8.3 Strategy & Insights
             12.8.4 Developments
     12.9 Schlumberger Limited
             12.9.1 Introduction
             12.9.2 Product offering
             12.9.3 Strategy & Insights
             12.9.4 SWOT Analysis
             12.9.5 Developments
             12.9.6 MNM View
     12.10 Tacrom Services Srl
             12.10.1 Business Overview
             12.10.2 Products & Services
             12.10.3 Key Strategy
             12.10.4 Recent Developments
     12.11 Trican Well Service Limited
             12.11.1 Business Overview
             12.11.2 Products & Services
             12.11.3 Key Strategy
             12.11.4 SWOT Analysis
             12.11.5 MNM View
             12.11.6 Recent Developments
     12.12 United Oilfield Services
             12.12.1 Business Overview
             12.12.2 Products & Services
             12.12.3 Key Strategy
             12.12.4 Recent Developments
     12.13 Weatherford International PLC
             12.13.1 Business Overview
             12.13.2 Products & Services
             12.13.3 Key Strategy
             12.13.4 Recent Developments

13 Appendix
 
 
List of Tables (89 Tables)
 
Table 1 Comparison: Perf & Plug Vs. Sliding Sleeve
Table 2 2020 Emission Reduction Targets of Selected Regions
Table 3 Fossil Fuel Emission Levels - Pounds Per Billion BTU of Energy Input
Table 4 Well Water Use By Activity, 2011
Table 5 Comparison : Fracturing Fluids
Table 6 North America: Shale Gas Reserves, By Country, 2013
Table 7 U.S.: Technically Recoverable Reserves, 2013
Table 8 Canada: Technically Recoverable Reserves, 2013
Table 9 Mexico: Technically Recoverable Reserves, 2013
Table 10 South America: Shale Gas Reserves, By Country, 2013
Table 11 Argentina: Technically Recoverable Reserves, 2013
Table 12 Brazil: Technically Recoverable Reserves, 2013
Table 13 Chile: Technically Recoverable Reserves, 2013
Table 14 Colombia & Venezuela: Technically Recoverable Reserves, 2013
Table 15 Paraguay & Bolivia: Technically Recoverable Reserves, 2013
Table 16 Uruguay: Technically Recoverable Reserves, 2013
Table 17 Europe: Shale Gas Reserves, By Country, 2013
Table 18 Denmark: Technically Recoverable Reserves, 2013
Table 19 France: Technically Recoverable Reserves, 2013
Table 20 Germany: Technically Recoverable Reserves, 2013
Table 21 Lithuania & Kaliningrad: Technically Recoverable Reserves, 2013
Table 22 The Netherlands: Technically Recoverable Reserves, 2013
Table 23 Poland: Technically Recoverable Reserves, 2013
Table 24 Number of Test Wells Completed in Poland, 2013
Table 25 Romania, Bulgaria, & Ukraine: Technically Recoverable Reserves, 2013
Table 26 Russia: Technically Recoverable Reserves, 2013
Table 27 Spain: Technically Recoverable Reserves, 2013
Table 28 Sweden: Technically Recoverable Reserves, 2013
Table 29 U.K.: Technically Recoverable Reserves, 2013
Table 30 Africa: Shale Gas Reserves, By Country, 2013
Table 31 Algeria: Technically Recoverable Reserves, 2013
Table 32 Egypt: Technically Recoverable Reserves, 2013
Table 33 Libya: Technically Recoverable Reserves, 2013
Table 34 Morocco: Technically Recoverable Reserves, 2013
Table 35 South Africa: Technically Recoverable Reserves, 2013
Table 36 Tunisia: Technically Recoverable Reserves, 2013
Table 37 Asia-Pacific: Shale Gas Reserves, By Country, 2013
Table 38 Australia: Technically Recoverable Reserves, 2013
Table 39 India: Technically Recoverable Reserves, 2013
Table 40 Indonesia: Technically Recoverable Reserves, 2013
Table 41 Jordan: Technically Recoverable Reserves, 2013
Table 42 Mongolia: Technically Recoverable Reserves, 2013
Table 43 Pakistan: Technically Recoverable Reserves, 2013
Table 44 Thailand: Technically Recoverable Reserves, 2013
Table 45 Turkey: Technically Recoverable Reserves, 2013
Table 46 Global Hydraulic Fracturing Market Size, By Geography , 2012-2019($Million)
Table 47 Global Hydraulic Fracturing Market Size, By Geography , 2012-2019(Million Hhp)
Table 48 North America Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
Table 49 North America Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)
Table 50 Latin America Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
Table 51 Latin America Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)
Table 52 Europe Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
Table 53 Europe Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million Hhp)
Table 54 Asia-Pacific Hydraulic Fracturing Market Size, By Country, 2012-2019($Million)
Table 55 Asia-Pacific Hydraulic Fracturing Market Size, By Country, 2012-2019(Million Hhp)
Table 56 Africa Hydraulic Fracturing Market Size, By Country, 2012-2019($Million)
Table 57 Africa Hydraulic Fracturing Market Size, By Country, 2012-2019(Million Hhp)
Table 58 Middle East Hydraulic Fracturing Market Size, By Country, 2012-2019 ($Million)
Table 59 Middle East Hydraulic Fracturing Market Size, By Country, 2012-2019 (Million) Hhp
Table 60 U.S. Hydraulic Fracturing Market Size, By Shale Type, 2012-2019 ($Million)
Table 61 U.S. Hydraulic Fracturing Market Size, By Shale Type, 2012-2019 (Million Hhp)
Table 62 Antrim Shale: Hydraulic  Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 63 Antrim Shale: Hydraulic  Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 64 Bakken Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Milllion)
Table 65 Bakken Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Milllion Hhp)
Table 66 Barnett Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 67 Barnett Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 68 Eagle Ford Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 69 Eagle Ford Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 70 Fayetteville Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 71 Fayetteville Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 72 Haynesville Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 73 Haynesville Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 74 Marcellus Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 75 Marcellus Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 76 Woodford Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 77 Woodford Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 78 Rest of the U.S. Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 79 Rest of the U.S. Shale: Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 80 U.S. Hydraulic Fracturing Market Size, By Well Type, 2012-2019 ($Million)
Table 81 U.S. Hydraulic Fracturing Market Size, By Well Type, 2012-2019 (Million Hhp)
Table 82 Vertical Hydraulic Fracturing Market Size, By Shale Type, 2012-2019 ($Million)
Table 83 Vertical Hydraulic Fracturing Market Size, By Shale Type, 2012-2019 (Million Hhp)
Table 84 Horizontal Hydraulic Fracturing Market Size, By Shale  Type, 2012-2019 ($Million)
Table 85 Horizontal Hydraulic Fracturing Market Size, By Shale  Type, 2012-2019 (Million Hhp)
Table 86 Contract, 2011-2014
Table 87 Mergers & Acquisitions, 2011-2014
Table 88 New Product Launches, 2010-2014
Table 89 Other Expansions
 
 
List of Figures (32 Figures)
 
Figure 1 Markets Covered:  Hydraulic Fracturing Market
Figure 2 Hydraulic Fracturing Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Estimation Approach & Data Triangulation Methodology
Figure 6 Marcellus Leads the Hydraulic Fracturing Market, By U.S. Shale Ype
Figure 7 Regional Market Trends, 2013
Figure 8 Attractive Market Opportunities for Hydraulic Fracturing in Shale
Figure 9 Bakken Shale Type Expected to Grow Faster Than Other U.S. Shale Types
Figure 10 North America Commands Over Three-Forth of the Market
Figure 11 U.S. Leads the Market as Compared to the Developing Nations
Figure 12 Asia-Pacific & the Middle East Market to Enter High Growth Phase in Coming Years
Figure 13 Factors Determining Successful Unconventional Exploration
Figure 14 Increasing Exploration Activities for Shale Will Boost the Demand for Hydraulic Fracturing
Figure 15 The U.S. Proved Shale Reserves (2007-2012) (Billion Cubic Feet)
Figure 16 Number of Wells Drilled in Barnett Shale, By Type , 2004-2010 (Billion Cubic Feet)
Figure 17 The  U.S. Shale Production: 2007-2012 (Billion Cubic Feet)
Figure 18 Water Used in Shale Play Across the U.S.(Millions/Yr)
Figure 19 Hydraulic Fracturing Water Cycle and Its Impact on Water Supplies
Figure 20 Fracturing Fluid Composition
Figure 21 Foam Applications in Oil & Gas  - Since 1950 Till Date
Figure 22 Value Chain Analysis (2014): Hydraulic Fracturing Market
Figure 23 Porter’s Five Forces Analysis – Hydraulic Fracturing
Figure 24 Hydraulic Fracturing Market Size, 2013–2018 ($Million)
Figure 25 China: Technically Recoverable Reserves, 2013
Figure 26 Companies Adopted New Product Developments as the Key Growth Strategy Over the Past Three Years
Figure 27 Hydraulic Fracturing  Market Share, By Major Market Players, 2013
Figure 28 Battle for Market Share: New Product Developments is the Key Strategy
Figure 29 Nabors Industries Ltd.: Business Overview
Figure 30 Patterson-Uti Energy Inc.: Business Overview
Figure 31 Trican Well Service Limited: Business Overview
Figure 32 Weatherford International PLC: Business Overview

Hydraulic fracturing, also known as fracking, is a technique to generate oil and gas from wells with low permeability. This is a service provided by oilfield service companies to the oil and natural gas companies. In this report the market is analyzed on the basis of hydraulic horse power supplied by oilfield service companies to the hydraulic fracturing market. The Asia-Pacific and Middle East markets are still in state of infancy and hence there are growth prospects for the hydraulic fracturing market. While the North American market is near its maturity and the movement in the market will be subjected to competition mainly.

Though it is being said about Asia-Pacific and Middle East market that the growth lies in these regions, it is subject to many reasons, such as environmental objections and subsequent ban on hydraulic fracturing in few countries is an important hurdle for the growth of this market. Research and development in the field of water usage, water treatment, and seismic disturbances is expected to accelerate the growth of this market in these regions.

Potential increase in the recoverable resources and production is the most important driver for the fracking market. This technique is used in recovery of both oil and natural gas but is predominantly used in recovery of unconventional gas. Now-a-days natural gas is called as transitional fuel for being the chain between conventional resources and renewable energy. This proves an advantage to the international natural gas market and hence to the hydraulic fracturing market.

If countries across the world permit the use of this technique then the recovery of resources is expected to increase. Hence hydraulic fracturing will prove beneficial for the developing countries such as India, China, and Australia. As the energy demand in these countries is increasing, fulfilling this demand will enhance their growth prospects. This is the driver for pressure pumping market.

The hydraulic fracturing market has been witnessing high growth, due to the increase in shale gas exploration and development activities. The report categorizes the hydraulic fracturing market, by region, by U.S. shale, and by well types for the U.S. shale plays, which are categorized into horizontal and vertical wells.

The hydraulic fracturing market is estimated to reach about $72,629.4 million by 2019, signifying a firm growth rate of over 11.8% from 2014 to 2019.

Hydraulic Fracturing Market Share (Value), by Geography, 2013

Hydraulic Fracturing Market

Source: Related Publications and MarketsandMarkets Analysis

Geographically, the market has been studied for different regions such as North America (the U.S. and Canada), and Latin America (Argentina, Mexico, and others), Europe (Russia, U.K., and others), the Middle East (Saudi Arabia, Oman, and others), Africa (Algeria, Jordan, and others), and Asia-Pacific (China, Australia, and others). The U.S. has been further analyzed in terms of shale and well types. The hydraulic fracturing market for the U.S. shale in terms of well type has been evaluated in detail, namely horizontal and vertical wells. The study covers different strategies such as contract agreements, mergers & acquisition, and new product launch, among others. Schlumberger (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), Nabors Industries Ltd. (Bermuda, U.S.), United Oilfield Services (U.S.), and Weatherford International Inc. (U.S), are some of the market leaders in terms of growth strategies and hydraulic fracturing equipment supply and service providers.

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