Hydraulic Fracturing Market

Hydraulic Fracturing Market by Well Type (Horizontal Well, and Vertical Well), Technology (Plug and Perf, and Sliding Sleeve), Application (Shale gas, Tight Oil, and Tight gas) and Region - Global Trends and Forecast to 2028

Report Code: EP 2944 Jul, 2023, by marketsandmarkets.com

[256 Pages Report] The global hydraulic fracturing market is estimated to grow from USD 52.1 billion in 2023 to USD 74.4 billion by 2028; it is expected to record a CAGR of 7.4% during the forecast period. Recently regions have witnessed that crude oil prices are gaining momentum again. The upstream companies are optimistic about the long-term recovery of oil and natural gas, thereby leading to a surge in demand for hydraulic fracturing services.

Hydraulic Fracturing Market

To know about the assumptions considered for the study, Request for Free Sample Report

Hydraulic Fracturing Market

To know about the assumptions considered for the study, download the pdf brochure

Hydraulic Fracturing Market Dynamics

Driver: Growing demand for hydraulic fracturing technology with increasing requirement for energy

According to the IEA, global energy demand is set to increase by 5.4% in 2021, despite a decline of 4% in 2020 owing to the COVID-19 crisis. By 2026, global oil consumption is projected to reach 104.1 mb/d. This would represent an increase of 4.4 mb/d from the 2019 level. Oil demand in 2025 is expected to be 2.5 mb/d lower than 2020, according to a report by IEA. In addition, Asia Pacific is expected to be the largest consumer of oil and gas in the next decade. The region is witnessing a rapid increase in demand for oil and gas in recent years attributed to the growing population, increased per capita income, urbanization, and growth in the number of petrochemical refineries. The region, on average, accounted for about two-thirds of the global oil and gas demand between 2011 and 2019.

The increasing supply-demand gap for primary energy sources is one of the leading factors driving the growth of the hydraulic fracturing market, as the demand for oil and gas is constantly growing, and the production capacities of the related reserves are limited. Unconventional gas accounts for 44% of total natural gas production, out of which shale gas represents 28% of unconventional gas sources. While Eastern Europe, Eurasia (including Russia), and the Middle East are estimated to hold 61% of conventional gas, these regions account for only 16.6% of unconventional gas; all the other regions have a larger proportion of conventional gas as compared with unconventional gas. Due to this distribution, the development of unconventional gas reserves will create a shift in the global energy supply. As onshore and shallow water fields are depleting, oil companies are focusing on deepwater and unconventional reserves, where hydraulic fracturing is expected to be an ideal technique for exploration and production.

Restraint: Local ban and suspensions on hydraulic fracturing

Various landowners or residents belonging to shale-rich areas have expressed their opposition to extracting hydrocarbons using hydraulic fracturing, citing potential environmental impacts. As a result, the process has come under international scrutiny. A few countries, including France, which has significant shale reserves, have banned fracturing. Moreover, the government of California has initiated a regulatory action to end the issuance of new permits for hydraulic fracturing (fracking) by January 2024. Additionally, the California Air Resources Board (CARB) is aiming to phase out oil extraction across the state by 2045.

Hydraulic fracturing is primarily regulated by state oil and natural gas commissions and agencies. Some states have already adopted, and others are considering, new or stricter regulations pertaining to permitting, disclosure, or well construction for fracking operations. Certain states are even contemplating banning high-volume hydraulic fracturing altogether. Apart from state laws, local land-use restrictions can also restrict drilling or hydraulic fracturing activities. Municipalities may establish ordinances aiming to either prohibit fracking entirely or regulate the time, location, and method of these processes within their jurisdictions. In addition, the federal government can limit hydraulic fracturing activities on federal lands through permitting. In Australia, the Tasmanian government extended its moratorium on fracking from 2020 to 2025. In Western Australia, 98% of the land is protected from fracking due to strict regulations, including those that prohibit fracking within two kilometers of public drinking water sources, towns, and national parks. A few countries, such as Bulgaria and Germany, have extended moratoriums on fracking.

Opportunities: Capability of foams of providing waterless fracking

Foams, with their advantageous qualities like high viscosity and low liquid content, have extensive applications in various processes within the petroleum industry. They offer a viable alternative to traditional fracturing methods by consuming less water, thus addressing environmental concerns associated with fracturing operations. Fracturing constitutes a significant portion (about 89%) of the total water usage in well drilling, creating an opportunity for companies to integrate waterless fracking solutions into their offerings and gain a larger market share. Foams are prepared by dispersing a large internal volume (55–95%) through the liquid phase under a typical formation temperature of 90°F (32.2°C). The internal phase normally contains N2 or CO2 gases.

Challenges: Disruptions in hydraulic fracturing operations and demand shock

The propagation of the COVID-19 pandemic has slowed down the growth of various industries. The outbreak of the pandemic led to a significant reduction in oil and gas demand due to widespread global lockdowns. As of May 28, 2020, 212 countries were affected, resulting in decreased transportation and related activities. The International Energy Agency (IEA) reported that geopolitical events increased the supply of low-priced oil while demand declined due to the pandemic, causing oil prices to collapse in March 2020. These factors negatively impacted the demand for oil, natural gas, and hydraulic fracturing services and products, leading to price fluctuations in the oil market. The government's measures to contain the virus further affected the global oil and gas industry. As of December 31, 2019, West Texas Intermediate’s (WTI) oil price was USD 61.1, and by March 23, 2020, it was USD 23.4, a decline of more than 60.0%. As of April 2020, OPEC and other oil-producing countries had agreed to reduce oil production by 10 million bpd, which is about 23.0% of their production levels.

Hydraulic fracturing Market Ecosystem

In this market, prominent companies stand out as well-established and financially stable providers of hydraulic fracturing products and services. With years of experience, these companies boast a diverse product portfolio, cutting-edge technologies, and robust global sales and marketing networks. Their proven track record in the industry positions them as reliable and trusted partners for customers seeking hydraulic fracturing solutions. These companies have demonstrated their ability to adapt to market dynamics and consistently deliver high-quality products and services, making them leaders in meeting the demands of the oil and gas sector. Prominent companies in this market include Halliburton (US), Schlumberger (US), Liberty Oilfield Services LLC (US), Baker Hughes (US), and NexTier Oilfield Solutions (US).

Hydraulic Fracturing Market

The sliding sleeve segment, by technology, is expected to be the second-largest market during the forecast period.

This report segments the hydraulic fracturing market based on technology into different types: plug & perf and sliding sleeve. The sliding sleeve segment is expected to be the second-largest market during the forecast period. Sliding sleeve technology is a critical component in hydraulic fracturing operations. It allows operators to selectively open or close downhole ports in the wellbore, facilitating precise and controlled fracturing stages. This innovation enhances efficiency, reduces costs, and optimizes the overall effectiveness of hydraulic fracturing processes.

By application, tight oil is expected to be the second fastest growing during the forecast period.

This report segments the hydraulic fracturing market based on application into three segments: shale gas, tight oil, and tight gas. Hydraulic fracturing is the key technique for extracting tight oil, which can be further processed into gasoline, diesel, and jet fuels. The surge in tight oil production is driven by a combination of horizontal drilling and hydraulic fracturing. Technological advancements have significantly improved the profitability and economic feasibility of recovering tight oil from its resource base.

“North America: The largest in the hydraulic fracturing market.”

North America is expected to be the largest region in the hydraulic fracturing market between 2023–2028, followed by the Asia Pacific and Latin America. North America has been leading the hydraulic fracturing market. Unconventional gas production in North America is responsible for high growth in the sector, giving opportunities to oilfield companies for fracturing in this region. Growing environmental concerns have raised the importance of natural gas, which, in turn, has increased the demand for hydraulic fracturing. Hydraulic fracturing plays a vital role in increasing a well’s productivity.

Hydraulic Fracturing Market Size, and Share

Key Market Players

The hydraulic fracturing market is dominated by a few major players that have a wide regional presence. The major players in the hydraulic fracturing market include Halliburton (US), Schlumberger (US), Liberty Oilfield Services LLC (US), Baker Hughes (US), and NexTier Oilfield Solutions (US). Between 2018 and 2023, Strategies such as contracts, agreements, acquisitions, and expansions are followed by these companies to capture a larger share of the hydraulic fracturing market.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/USD Billion)

Segments Covered

Hydraulic fracturing market by well type, Technology, Application, and Region.

Geographies covered

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.

Companies covered

Halliburton (US), Schlumberger (US), Liberty Oilfield Services LLC (US), Baker Hughes (US), NexTier Oilfield Solutions (US), Calfrac Well Services Ltd.  (Canada), STEP Energy Services (Canada), Patterson-UTI Energy, Inc. (US), Trican (Canada), National Energy Services Reunited Corp. (US), Petro Welt Technologies AG (Austria), ProFrac Holding Corp. (US), Tacrom (Romania) TAM International, Inc. (US), GD Energy Products, LLC (US),  Petro Welt Technologies AG (Austria), ProPetro Holding Corp. (US), TechnipFMC plc (UK), Weatherford (US), Nine Energy Service (US), and AFG Holdings, Inc (US).

This research report categorizes the hydraulic fracturing market by design, industry, capacity, voltage, Application, and Region.

On the basis of by Well Type, the hydraulic fracturing market has been segmented as follows:
  • Horizontal
  • Vertical
On the basis of by Technology, the hydraulic fracturing market has been segmented as follows:
  • Plug & Perf
  • Sliding Sleeve
On the basis of by Application, the hydraulic fracturing market has been segmented as follows:
  • Shale Gas
  • Tight Oil
  • Tight Gas
On the basis of Region, the hydraulic fracturing market has been segmented as follows:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Recent Developments

  • In June 2023, NexTier Oilfield Solutions and Patterson-UTI Energy, Inc. announced that they have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction. The combined company will be an industry-leading drilling and completions services provider with operations in the most active major U.S. basins.
  • In January 2023, ProFrac Holding Corp. acquired REV Energy Holdings, LLC ("REV"), a privately owned pressure pumping service provider with operations in the Eagle Ford and Rockies. ProFrac paid $140 million for REV. The acquisition will expand ProFrac's presence in both South Texas and the Rockies.
  • In January 2022, ProFrac acquired Producers Services Holdings LLC, an pressure pumping services company serving Appalachia and the Mid-Continent.  ProFrac bought Producers for about $35 million in total transaction value, according to the terms of the arrangement.
  • In December 2022, ProPetro Holding Corp. signed an agreement with a top independent Permian operator to use ProPetro's first electric-powered hydraulic fracturing fleet ("e-fleet"). ProPetro will provide committed services for three years following the delivery of the e-fleet under the terms of the agreement.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 MARKET SCOPE 
           1.4.1 HYDRAULIC FRACTURING MARKET: SEGMENTATION
           1.4.2 GEOGRAPHICAL SCOPE
    1.5 YEARS CONSIDERED 
    1.6 CURRENCY CONSIDERED 
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
    1.9 SUMMARY OF CHANGES 
    1.1 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA 
           FIGURE 1 HYDRAULIC FRACTURING MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARIES
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 4 HYDRAULIC FRACTURING MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 5 HYDRAULIC FRACTURING MARKET: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE METRICS
                    FIGURE 6 METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR HYDRAULIC FRACTURING SYSTEMS
                    2.3.3.1 Calculation for demand-side metrics
                    2.3.3.2 Assumptions for demand-side analysis
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF HYDRAULIC FRACTURING
                    FIGURE 8 HYDRAULIC FRACTURING MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.4.1 Calculation for supply-side metrics
                    2.3.4.2 Assumptions for supply-side analysis
           2.3.5 FORECAST
                    2.3.5.1 Recession impact analysis
 
3 EXECUTIVE SUMMARY (Page No. - 42)
    TABLE 1 HYDRAULIC FRACTURING MARKET SNAPSHOT 
    FIGURE 9 SHALE GAS SEGMENT TO CONTINUE TO HOLD LARGEST SIZE OF MARKET, BY APPLICATION, DURING FORECAST PERIOD 
    FIGURE 10 HORIZONTAL SEGMENT TO DOMINATE HYDRAULIC FRACTURING MARKET, BY WELL TYPE, DURING FORECAST PERIOD 
    FIGURE 11 PLUG & PERF SEGMENT TO HOLD LARGER SIZE OF HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD 
    FIGURE 12 NORTH AMERICA DOMINATED HYDRAULIC FRACTURING MARKET IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDRAULIC FRACTURING MARKET 
           FIGURE 13 INCREASING SHALE EXPLORATION AND PRODUCTION ACTIVITIES TO DRIVE HYDRAULIC FRACTURING MARKET FROM 2023 TO 2028
    4.2 HYDRAULIC FRACTURING MARKET, BY REGION 
           FIGURE 14 NORTH AMERICA TO RECORD HIGHEST CAGR IN HYDRAULIC FRACTURING MARKET DURING FORECAST PERIOD
    4.3 HYDRAULIC FRACTURING MARKET, BY APPLICATION 
           FIGURE 15 SHALE GAS SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2022
    4.4 HYDRAULIC FRACTURING MARKET, BY WELL TYPE 
           FIGURE 16 HORIZONTAL SEGMENT ACCOUNTED FOR LARGER SHARE OF HYDRAULIC FRACTURING MARKET IN 2022
    4.5 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY 
           FIGURE 17 PLUG & PERF SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2022
    4.6 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE & COUNTRY 
           FIGURE 18 HORIZONTAL & US DOMINATED HYDRAULIC FRACTURING MARKET IN NORTH AMERICA IN 2022
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 HYDRAULIC FRACTURING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing shale exploration and production activities globally
                               5.2.1.1.1 Presence of large shale-proven reserves globally
                               5.2.1.1.2 Increasing shale gas drilling activities
                               FIGURE 20 DRY NATURAL GAS PRODUCTION IN US, BY TYPE, 2000–2050
                    5.2.1.2 Growing demand for hydraulic fracturing technology with increasing requirement for energy
                               FIGURE 21 GLOBAL OIL DEMAND, 2019–2028
                               FIGURE 22 GLOBAL NATURAL GAS DEMAND, BY REGION, 2010–2050
           5.2.2 RESTRAINTS
                    5.2.2.1 High water usage and environmental concerns associated with hydraulic fracturing
                               FIGURE 23 WATER USAGE IN SHALE PLAYS ACROSS US
                               FIGURE 24 HYDRAULIC FRACTURING WATER CYCLE AND ITS IMPACT ON WATER SUPPLIES
                               FIGURE 25 FRACTURING FLUID COMPOSITION
                    5.2.2.2 Growing concerns regarding seismic activities due to hydraulic fracturing
                    5.2.2.3 Local ban and suspensions on hydraulic fracturing
                               TABLE 2 HYDRAULIC FRACTURING: POLICIES REGARDING SHALE OIL AND GAS PRODUCTION
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Foams’ capability to facilitate waterless fracking
                               FIGURE 26 APPLICATIONS OF FOAM IN OIL & GAS INDUSTRY
                               TABLE 3 COMPARISON OF VARIOUS FRACTURING FLUIDS
           5.2.4 CHALLENGES
                    5.2.4.1 Health and environmental impacts of fracking chemicals
                    5.2.4.2 Disruptions in hydraulic fracturing operations and demand shock
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PROVIDERS OF HYDRAULIC FRACTURING
                    FIGURE 27 REVENUE SHIFTS FOR HYDRAULIC FRACTURING PROVIDERS
    5.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 28 HYDRAULIC FRACTURING MARKET: SUPPLY CHAIN ANALYSIS
           5.4.1 RAW MATERIAL SUPPLIERS
           5.4.2 SERVICE PROVIDERS
           5.4.3 OILFIELD OPERATORS
                    TABLE 4 ROLE OF KEY COMPANIES IN HYDRAULIC FRACTURING ECOSYSTEM
    5.5 ECOSYSTEM MAPPING 
                               FIGURE 29 HYDRAULIC FRACTURING MARKET MAP
    5.6 PATENT ANALYSIS 
           5.6.1 LIST OF MAJOR PATENTS
                    TABLE 5 HYDRAULIC FRACTURING: INNOVATIONS AND PATENT REGISTRATIONS, 2018–2023
    5.7 TARIFFS AND REGULATORY FRAMEWORK 
           5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 MIDDLE EAST AND AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.7.2 HYDRAULIC FRACTURING MARKET: REGULATORY FRAMEWORK
                    TABLE 11 HYDRAULIC FRACTURING MARKET: REGULATIONS
    5.8 CASE STUDY ANALYSIS 
           5.8.1 OPTIMIZATION OF HYDRAULIC FRACTURING OF HIGH PRESSURE AND HIGH TEMPERATURE (HPHT) TIGHT FORMATIONS WITH MULTISTAGE COMPLETION SYSTEM
    5.9 PORTER'S FIVE FORCES ANALYSIS 
           FIGURE 30 HYDRAULIC FRACTURING MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 12 HYDRAULIC FRACTURING MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 BARGAINING POWER OF BUYERS
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 THREAT OF SUBSTITUTES
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
 
6 HYDRAULIC FRACTURING MARKET, BY APPLICATION (Page No. - 76)
    6.1 INTRODUCTION 
           FIGURE 31 SHALE GAS SEGMENT HELD LARGEST SHARE OF HYDRAULIC FRACTURING MARKET IN 2022
           TABLE 13 HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 14 HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    6.2 SHALE GAS 
           6.2.1 INCREASING DEMAND FOR NATURAL GAS TO DRIVE SEGMENT
                    TABLE 15 SHALE GAS: HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 16 SHALE GAS: HYDRAULIC FRACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 TIGHT OIL 
           6.3.1 INCREASING DEMAND FOR CRUDE OIL TO BOOST SEGMENTAL LANDSCAPE
                    TABLE 17 TIGHT OIL: HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 18 TIGHT OIL: HYDRAULIC FRACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.4 TIGHT GAS 
           6.4.1 INCREASING INVESTMENTS IN DEVELOPMENT OF TIGHT GAS FIELDS TO DRIVE SEGMENT
                    TABLE 19 TIGHT GAS: HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 20 TIGHT GAS: HYDRAULIC FRACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 HYDRAULIC FRACTURING MARKET, BY WELL TYPE (Page No. - 82)
    7.1 INTRODUCTION 
           FIGURE 32 HORIZONTAL SEGMENT HELD LARGER SHARE OF HYDRAULIC FRACTURING MARKET IN 2022
           TABLE 21 HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
           TABLE 22 HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
    7.2 HORIZONTAL 
           7.2.1 SHALE DEVELOPMENTS TO BOOST GROWTH OF HORIZONTAL SEGMENT
                    TABLE 23 HORIZONTAL: HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 24 HORIZONTAL: HYDRAULIC FRACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 VERTICAL 
           7.3.1 STEADILY INCREASING INVESTMENTS IN UNCONVENTIONAL RESOURCES TO DRIVE SEGMENT
                    TABLE 25 VERTICAL: HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 26 VERTICAL: HYDRAULIC FRACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY (Page No. - 87)
    8.1 INTRODUCTION 
           FIGURE 33 PLUG & PERF SEGMENT HELD LARGER SHARE OF HYDRAULIC FRACTURING MARKET IN 2022
           TABLE 27 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 28 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    8.2 PLUG & PERF 
           8.2.1 EASE OF OPERATION AND ACCESSIBILITY TO BOOST DEMAND FOR PLUG & PERF TECHNOLOGY
                    TABLE 29 PLUG & PERF: HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 30 PLUG & PERF: HYDRAULIC FRACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 SLIDING SLEEVE 
           8.3.1 INCREASING INVESTMENTS IN DEVELOPMENT OF SLIDING SLEEVE TECHNOLOGY TO DRIVE MARKET GROWTH
                    TABLE 31 SLIDING SLEEVE: HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 32 SLIDING SLEEVE: HYDRAULIC FRACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 HYDRAULIC FRACTURING MARKET, BY REGION (Page No. - 92)
    9.1 INTRODUCTION 
           FIGURE 34 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
           FIGURE 35 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF HYDRAULIC FRACTURING MARKET IN 2022
           TABLE 33 HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 34 HYDRAULIC FRACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.2 NORTH AMERICA 
           FIGURE 36 NORTH AMERICA: HYDRAULIC FRACTURING MARKET SNAPSHOT
           9.2.1 NORTH AMERICA: RECESSION IMPACT
           9.2.2 MACRO TRENDS
                    9.2.2.1 Shale gas reserves
                               TABLE 35 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN NORTH AMERICA, BY COUNTRY (TCF)
                    9.2.2.2 Shale/Tight oil reserves
                               TABLE 36 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN NORTH AMERICA, BY COUNTRY (BILLION BBL)
                    9.2.2.3 Crude oil production
                               TABLE 37 CRUDE OIL PRODUCTION IN NORTH AMERICA, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.2.3 BY APPLICATION
                    TABLE 38 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 39 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           9.2.4 BY WELL TYPE
                    TABLE 40 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                    TABLE 41 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                    9.2.4.1 Well type, by country
                               TABLE 42 NORTH AMERICA: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 43 NORTH AMERICA: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 44 NORTH AMERICA: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 45 NORTH AMERICA: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           9.2.5 BY TECHNOLOGY
                    TABLE 46 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 47 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.2.5.1 Technology, by country
                               TABLE 48 NORTH AMERICA: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 49 NORTH AMERICA: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 50 NORTH AMERICA: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 51 NORTH AMERICA: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2023–2028 (USD MILLION)
           9.2.6 BY COUNTRY
                    TABLE 52 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 53 NORTH AMERICA: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.2.6.1 US
                               9.2.6.1.1 Increasing production from shale and tight oil reserves to drive market
                               9.2.6.1.2 Macro trends
                               TABLE 54 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN US (TCF)
                               TABLE 55 SHALE/TIGHT OIL PROVEN RESERVES FROM SELECTED TIGHT PLAYS IN US, 2021 (MILLION BBL)
                               TABLE 56 CRUDE OIL PRODUCTION IN US (THOUSAND BARRELS DAILY)
                               9.2.6.1.3 By well type
                               TABLE 57 US: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                               TABLE 58 US: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.2.6.1.4 By technology
                               TABLE 59 US: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                               TABLE 60 US: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.2.6.2 Canada
                               9.2.6.2.1 Increasing investments in Duvernay and Montney formations to drive market
                               9.2.6.2.2 Macro trends
                               TABLE 61 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CANADA, BY COUNTRY (TCF)
                               TABLE 62 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN CANADA (BILLION BBL)
                               TABLE 63 CRUDE OIL PRODUCTION IN CANADA (THOUSAND BARRELS DAILY)
                               9.2.6.2.3 By well type
                               TABLE 64 CANADA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                               TABLE 65 CANADA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.2.6.2.4 By technology
                               TABLE 66 CANADA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                               TABLE 67 CANADA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    9.3 ASIA PACIFIC 
           FIGURE 37 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET SNAPSHOT
           9.3.1 ASIA PACIFIC: RECESSION IMPACT
           9.3.2 MACRO TRENDS
                    9.3.2.1 Shale gas reserves
                               TABLE 68 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ASIA PACIFIC, BY COUNTRY (TCF)
                    9.3.2.2 Shale/Tight oil reserves
                               TABLE 69 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ASIA PACIFIC, BY COUNTRY (BILLION BBL)
                    9.3.2.3 Crude oil production
                               TABLE 70 CRUDE OIL PRODUCTION IN ASIA PACIFIC, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.3.3 BY APPLICATION
                    TABLE 71 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 72 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           9.3.4 BY WELL TYPE
                    TABLE 73 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                    TABLE 74 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                    9.3.4.1 Well type, by country
                               TABLE 75 ASIA PACIFIC: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 76 ASIA PACIFIC: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 77 ASIA PACIFIC: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 78 ASIA PACIFIC: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           9.3.5 BY TECHNOLOGY
                    TABLE 79 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 80 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.3.5.1 Technology, by country
                               TABLE 81 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 82 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 83 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 84 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2023–2028 (USD MILLION)
           9.3.6 BY COUNTRY
                    TABLE 85 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 86 ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.3.6.1 China
                               9.3.6.1.1 Increasing exploration and production from unconventional resources to fuel market growth
                               9.3.6.1.2 Macro trends
                                            TABLE 87 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CHINA (TCF)
                                            TABLE 88 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN CHINA (BILLION BBL)
                                            TABLE 89 CRUDE OIL PRODUCTION IN CHINA (THOUSAND BARRELS DAILY)
                               9.3.6.1.3 By well type
                                            TABLE 90 CHINA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 91 CHINA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.3.6.1.4 By technology
                                            TABLE 92 CHINA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 93 CHINA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.3.6.2 Australia
                               9.3.6.2.1 Presence of significant unconventional shale resources to create opportunities for market players
                               9.3.6.2.2 Macro trends
                                            TABLE 94 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN AUSTRALIA (TCF)
                                            TABLE 95 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN AUSTRALIA (BILLION BBL)
                                            TABLE 96 CRUDE OIL PRODUCTION IN AUSTRALIA (THOUSAND BARRELS DAILY)
                               9.3.6.2.3 By well type
                                            TABLE 97 AUSTRALIA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 98 AUSTRALIA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.3.6.2.4 By technology
                                            TABLE 99 AUSTRALIA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 100 AUSTRALIA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.3.6.3 Rest of Asia Pacific
                               9.3.6.3.1 Macro trends
                                            TABLE 101 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN INDIA (TCF)
                                            TABLE 102 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN TURKEY (TCF)
                                            TABLE 103 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN INDIA (BILLION BBL)
                                            TABLE 104 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN TURKEY (BILLION BBL)
                                            TABLE 105 CRUDE OIL PRODUCTION IN REST OF ASIA PACIFIC (THOUSAND BARRELS DAILY)
                               9.3.6.3.2 By well type
                                            TABLE 106 REST OF ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 107 REST OF ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.3.6.3.3 By technology
                                            TABLE 108 REST OF ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 109 REST OF ASIA PACIFIC: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    9.4 LATIN AMERICA 
           9.4.1 LATIN AMERICA: RECESSION IMPACT
           9.4.2 MACRO TRENDS
                    9.4.2.1 Shale gas reserves
                               TABLE 110 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN LATIN AMERICA, BY COUNTRY (TCF)
                    9.4.2.2 Shale/Tight oil reserves
                               TABLE 111 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN LATIN AMERICA, BY COUNTRY (BILLION BBL)
                    9.4.2.3 Crude oil production
                               TABLE 112 CRUDE OIL PRODUCTION IN LATIN AMERICA, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.4.3 BY APPLICATION
                    TABLE 113 LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 114 LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           9.4.4 BY WELL TYPE
                    TABLE 115 LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                    TABLE 116 LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                    9.4.4.1 Well type, by country
                               TABLE 117 LATIN AMERICA: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 118 LATIN AMERICA: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 119 LATIN AMERICA: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 120 LATIN AMERICA: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           9.4.5 BY TECHNOLOGY
                    TABLE 121 LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 122 LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.4.5.1 Technology, by country
                               TABLE 123 LATIN AMERICA: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 124 LATIN AMERICA: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 125 LATIN AMERICA: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 126 LATIN AMERICA: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2023–2028 (USD MILLION)
           9.4.6 BY COUNTRY
                    TABLE 127 LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 128 LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.4.6.1 Argentina
                               9.4.6.1.1 Shale developments in Vaca Meurta field to create high demand for hydraulic fracturing services
                               9.4.6.1.2 Macro trends
                                            TABLE 129 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ARGENTINA (TCF)
                                            TABLE 130 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ARGENTINA (BILLION BBL)
                                            TABLE 131 CRUDE OIL PRODUCTION IN ARGENTINA (THOUSAND BARRELS DAILY)
                               9.4.6.1.3 By well type
                                            TABLE 132 ARGENTINA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 133 ARGENTINA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.4.6.1.4 By technology
                                            TABLE 134 ARGENTINA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 135 ARGENTINA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.4.6.2 Mexico
                               9.4.6.2.1 Increasing investments in maximizing oil and gas production to boost market growth
                               9.4.6.2.2 Macro trends
                                            TABLE 136 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN MEXICO (TCF)
                                            TABLE 137 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN MEXICO (BILLION BBL)
                                            TABLE 138 CRUDE OIL PRODUCTION IN MEXICO (THOUSAND BARRELS DAILY)
                               9.4.6.2.3 By well type
                                            TABLE 139 MEXICO: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 140 MEXICO: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.4.6.2.4 By technology
                                            TABLE 141 MEXICO: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 142 MEXICO: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.4.6.3 Rest of Latin America
                               9.4.6.3.1 Macro trends
                                            TABLE 143 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN COLOMBIA (TCF)
                                            TABLE 144 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CHILE (TCF)
                                            TABLE 145 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN COLOMBIA (BILLION BBL)
                                            TABLE 146 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN CHILE (BILLION BBL)
                                            TABLE 147 CRUDE OIL PRODUCTION IN REST OF LATIN AMERICA (THOUSAND BARRELS DAILY)
                               9.4.6.3.2 By well type
                                            TABLE 148 REST OF LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 149 REST OF LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.4.6.3.3 By technology
                                            TABLE 150 REST OF LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 151 REST OF LATIN AMERICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    9.5 EUROPE 
           9.5.1 EUROPE: RECESSION IMPACT
           9.5.2 MACRO TRENDS
                    9.5.2.1 Shale gas reserves
                               TABLE 152 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN EUROPE, BY COUNTRY (TCF)
                    9.5.2.2 Shale/Tight oil reserves
                               TABLE 153 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN EUROPE, BY COUNTRY (BILLION BBL)
                    9.5.2.3 Crude oil production
                               TABLE 154 CRUDE OIL PRODUCTION IN EUROPE, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.5.3 BY APPLICATION
                    TABLE 155 EUROPE: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 156 EUROPE: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           9.5.4 BY WELL TYPE
                    TABLE 157 EUROPE: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                    TABLE 158 EUROPE: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                    9.5.4.1 Well type, by country
                               TABLE 159 EUROPE: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 160 EUROPE: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 161 EUROPE: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 162 EUROPE: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           9.5.5 BY TECHNOLOGY
                    TABLE 163 EUROPE: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 164 EUROPE: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.5.5.1 Technology, by country
                               TABLE 165 EUROPE: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 166 EUROPE: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 167 EUROPE: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 168 EUROPE: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2023–2028 (USD MILLION)
           9.5.6 BY COUNTRY
                    TABLE 169 EUROPE: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 170 EUROPE: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.5.6.1 Russia
                               9.5.6.1.1 Depletion of conventional resources to create potential demand for hydraulic fracturing services
                               9.5.6.1.2 Macro trends
                                            TABLE 171 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN RUSSIA (TCF)
                                            TABLE 172 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN RUSSIA (BILLION BBL)
                                            TABLE 173 CRUDE OIL PRODUCTION IN RUSSIA (THOUSAND BARRELS DAILY)
                               9.5.6.1.3 By well type
                                            TABLE 174 RUSSIA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 175 RUSSIA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.5.6.1.4 By technology
                                            TABLE 176 RUSSIA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 177 RUSSIA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.5.6.2 Rest of Europe
                               9.5.6.2.1 Macro trends
                                            TABLE 178 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN POLAND (TCF)
                                            TABLE 179 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN UKRAINE (TCF)
                                            TABLE 180 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ROMANIA (TCF)
                                            TABLE 181 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN SWEDEN (TCF)
                                            TABLE 182 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN UK (TCF)
                                            TABLE 183 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN POLAND (BILLION BBL)
                                            TABLE 184 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN UKRAINE (BILLION BBL)
                                            TABLE 185 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ROMANIA (BILLION BBL)
                                            TABLE 186 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN UK (BILLION BBL)
                                            TABLE 187 CRUDE OIL PRODUCTION IN REST OF EUROPE (THOUSAND BARRELS DAILY)
                               9.5.6.2.2 By well type
                                            TABLE 188 REST OF EUROPE: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 189 REST OF EUROPE: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.5.6.2.3 By technology
                                            TABLE 190 REST OF EUROPE: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 191 REST OF EUROPE: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
           9.6.2 MACRO TRENDS
                    9.6.2.1 Shale gas reserves
                               TABLE 192 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN MIDDLE EAST & AFRICA, BY COUNTRY (TCF)
                    9.6.2.2 Shale/Tight oil reserves
                               TABLE 193 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN MIDDLE EAST & AFRICA, BY COUNTRY (BILLION BBL)
                    9.6.2.3 Crude oil production
                               TABLE 194 CRUDE OIL PRODUCTION IN MIDDLE EAST & AFRICA, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.6.3 BY APPLICATION
                    TABLE 195 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 196 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           9.6.4 BY WELL TYPE
                    TABLE 197 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                    TABLE 198 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                    9.6.4.1 Well type, by country
                               TABLE 199 MIDDLE EAST & AFRICA: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 200 MIDDLE EAST & AFRICA: HORIZONTAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 201 MIDDLE EAST & AFRICA: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 202 MIDDLE EAST & AFRICA: VERTICAL HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           9.6.5 BY TECHNOLOGY
                    TABLE 203 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 204 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.6.5.1 Technology, by country
                               TABLE 205 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 206 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 207 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 208 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY COUNTRY, 2023–2028 (USD MILLION)
           9.6.6 BY COUNTRY
                    TABLE 209 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 210 MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.6.6.1 Algeria
                               9.6.6.1.1 Initiatives to increase exploration activities to support market growth
                               9.6.6.1.2 Macro trends
                                            TABLE 211 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ALGERIA (TCF)
                                            TABLE 212 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ALGERIA (BILLION BBL)
                                            TABLE 213 CRUDE OIL PRODUCTION IN ALGERIA (THOUSAND BARRELS DAILY)
                               9.6.6.1.3 By well type
                                            TABLE 214 ALGERIA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 215 ALGERIA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.6.6.1.4 By technology
                                            TABLE 216 ALGERIA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 217 ALGERIA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.6.6.2 Jordan
                               9.6.6.2.1 Increasing investments in Risha gas field to boost market growth
                               9.6.6.2.2 Macro trends
                                            TABLE 218 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN JORDAN (TCF)
                                            TABLE 219 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN JORDAN (BILLION BBL)
                               9.6.6.2.3 By well type
                                            TABLE 220 JORDAN: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 221 JORDAN: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.6.6.2.4 By technology
                                            TABLE 222 JORDAN: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 223 JORDAN: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.6.6.3 Saudi Arabia
                               9.6.6.3.1 Increasing initiatives for exploration and production from shale gas reserves to fuel market growth
                               9.6.6.3.2 Macro trends
                                            TABLE 224 CRUDE OIL PRODUCTION IN SAUDI ARABIA (THOUSAND BARRELS DAILY)
                               9.6.6.3.3 By well type
                                            TABLE 225 SAUDI ARABIA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 226 SAUDI ARABIA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.6.6.3.4 By technology
                                            TABLE 227 SAUDI ARABIA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 228 SAUDI ARABIA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.6.6.4 South Africa
                               9.6.6.4.1 Presence of large shale gas reserves in Karoo basin to drive market
                               9.6.6.4.2 Macro trends
                                            TABLE 229 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN SOUTH AFRICA (TCF)
                               9.6.6.4.3 By well type
                                            TABLE 230 SOUTH AFRICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 231 SOUTH AFRICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.6.6.4.4 By technology
                                            TABLE 232 SOUTH AFRICA: HYDRAULIC FRACTURING MARKET IN SOUTH AFRICA, 2019–2022 (USD MILLION)
                                            TABLE 233 SOUTH AFRICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    9.6.6.5 Rest of Middle East & Africa
                               9.6.6.5.1 Macro trends
                                            TABLE 234 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN LIBYA (TCF)
                                            TABLE 235 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN EGYPT (TCF)
                                            TABLE 236 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN OMAN (TCF)
                                            TABLE 237 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN UAE (TCF)
                                            TABLE 238 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN LIBYA (BILLION BBL)
                                            TABLE 239 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN EGYPT (BILLION BBL)
                                            TABLE 240 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN OMAN (BILLION BBL)
                                            TABLE 241 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN UAE (BILLION BBL)
                                            TABLE 242 CRUDE OIL PRODUCTION IN REST OF MIDDLE EAST & AFRICA (THOUSAND BARRELS DAILY)
                               9.6.6.5.2 By well type
                                            TABLE 243 REST OF MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2022 (USD MILLION)
                                            TABLE 244 REST OF MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2023–2028 (USD MILLION)
                               9.6.6.5.3 By technology
                                            TABLE 245 REST OF MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                            TABLE 246 REST OF MIDDLE EAST & AFRICA: HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 171)
     10.1 OVERVIEW 
               TABLE 247 STRATEGIES ADOPTED BY KEY PLAYERS
     10.2 MARKET SHARE ANALYSIS, 2022 
               TABLE 248 HYDRAULIC FRACTURING MARKET: DEGREE OF COMPETITION
               FIGURE 38 MARKET SHARE ANALYSIS, 2022
     10.3 MARKET EVALUATION FRAMEWORK, 2019–2023 
               TABLE 249 MARKET EVALUATION FRAMEWORK, 2019–2023
     10.4 SEGMENTAL REVENUE ANALYSIS, 2017–2022 
               FIGURE 39 SEGMENTAL REVENUE ANALYSIS, 2017–2022
     10.5 COMPETITIVE SCENARIOS AND TRENDS 
             10.5.1 PRODUCT LAUNCHES
                       TABLE 250 HYDRAULIC FRACTURING MARKET: PRODUCT LAUNCHES, 2019–2023
             10.5.2 DEALS
                       TABLE 251 HYDRAULIC FRACTURING MARKET: DEALS, 2018–2023
             10.5.3 OTHERS
                       TABLE 252 HYDRAULIC FRACTURING MARKET: OTHERS, 2019–2023
     10.6 COMPANY EVALUATION MATRIX, 2022 
             10.6.1 STARS
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE PLAYERS
             10.6.4 PARTICIPANTS
                       FIGURE 40 HYDRAULIC FRACTURING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
     10.7 COMPANY FOOTPRINT 
               TABLE 253 APPLICATION: COMPANY FOOTPRINT
               TABLE 254 TECHNOLOGY: COMPANY FOOTPRINT
               TABLE 255 WELL TYPE: COMPANY FOOTPRINT
               TABLE 256 REGION: COMPANY FOOTPRINT
 
11 COMPANY PROFILES (Page No. - 185)
     11.1 KEY COMPANIES 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
             11.1.1 HALLIBURTON
                       TABLE 257 HALLIBURTON: COMPANY OVERVIEW
                       FIGURE 41 HALLIBURTON: COMPANY SNAPSHOT, 2022
                       TABLE 258 HALLIBURTON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 259 HALLIBURTON: PRODUCT LAUNCHES
                       TABLE 260 HALLIBURTON: DEALS
                       TABLE 261 HALLIBURTON: OTHERS
             11.1.2 LIBERTY OILFIELD SERVICES LLC
                       TABLE 262 LIBERTY OILFIELD SERVICES LLC: COMPANY OVERVIEW
                       FIGURE 42 LIBERTY OILFIELD SERVICES LLC: COMPANY SNAPSHOT, 2022
                       TABLE 263 LIBERTY OILFIELD SERVICES LLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 264 LIBERTY OILFIELD SERVICES LLC: PRODUCT LAUNCHES
                       TABLE 265 LIBERTY OILFIELD SERVICES LLC: DEALS
             11.1.3 SLB
                       TABLE 266 SLB: COMPANY OVERVIEW
                       FIGURE 43 SLB: COMPANY SNAPSHOT, 2022
                       TABLE 267 SLB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 268 SLB: PRODUCT LAUNCHES
                       TABLE 269 SLB: DEALS
                       TABLE 270 SLB: OTHERS
             11.1.4 NEXTIER OILFIELD SOLUTIONS
                       TABLE 271 NEXTIER OILFIELD SOLUTIONS: COMPANY OVERVIEW
                       FIGURE 44 NEXTIER OILFIELD SOLUTIONS: COMPANY SNAPSHOT, 2022
                       TABLE 272 NEXTIER OILFIELD SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 273 NEXTIER OILFIELD SOLUTIONS: DEALS
             11.1.5 BAKER HUGHES COMPANY
                       TABLE 274 BAKER HUGHES COMPANY: COMPANY OVERVIEW
                       FIGURE 45 BAKER HUGHES COMPANY: COMPANY SNAPSHOT, 2022
                       TABLE 275 BAKER HUGHES COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 276 BAKER HUGHES COMPANY: PRODUCT LAUNCHES
                       TABLE 277 BAKER HUGHES COMPANY: DEALS
                       TABLE 278 BAKER HUGHES COMPANY: OTHERS
             11.1.6 TRICAN
                       TABLE 279 TRICAN: COMPANY OVERVIEW
                       FIGURE 46 TRICAN: COMPANY SNAPSHOT, 2022
                       TABLE 280 TRICAN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 281 TRICAN: PRODUCT LAUNCHES
                       TABLE 282 TRICAN: DEALS
                       TABLE 283 TRICAN: OTHERS
             11.1.7 STEP ENERGY SERVICES
                       TABLE 284 STEP ENERGY SERVICES: COMPANY OVERVIEW
                       FIGURE 47 STEP ENERGY SERVICES: COMPANY SNAPSHOT, 2022
                       TABLE 285 STEP ENERGY SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 286 STEP ENERGY SERVICES: DEALS
             11.1.8 WEATHERFORD
                       TABLE 287 WEATHERFORD: COMPANY OVERVIEW
                       FIGURE 48 WEATHERFORD: COMPANY SNAPSHOT, 2022
                       TABLE 288 WEATHERFORD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.9 PROFRAC HOLDING CORP.
                       TABLE 289 PROFRAC HOLDING CORP.: COMPANY OVERVIEW
                       FIGURE 49 PROFRAC HOLDING CORP.: COMPANY SNAPSHOT, 2022
                       TABLE 290 PROFRAC HOLDING CORP.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 291 PROFRAC HOLDING CORP.: DEALS
             11.1.10 CALFRAC WELL SERVICES LTD.
                       TABLE 292 CALFRAC WELL SERVICES LTD.: COMPANY OVERVIEW
                       FIGURE 50 CALFRAC WELL SERVICES LTD.: COMPANY SNAPSHOT, 2022
                       TABLE 293 CALFRAC WELL SERVICES LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.11 TECHNIPFMC PLC
                       TABLE 294 TECHNIPFMC PLC: COMPANY OVERVIEW
                       FIGURE 51 TECHNIPFMC PLC: COMPANY SNAPSHOT, 2022
                       TABLE 295 TECHNIPFMC PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.12 PATTERSON-UTI ENERGY, INC.
                       TABLE 296 PATTERSON-UTI ENERGY, INC.: COMPANY OVERVIEW
                       FIGURE 52 PATTERSON-UTI ENERGY, INC.: COMPANY SNAPSHOT, 2022
                       TABLE 297 PATTERSON-UTI ENERGY, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 298 PATTERSON-UTI ENERGY, INC.: DEALS
             11.1.13 PROPETRO HOLDING CORP.
                       TABLE 299 PROPETRO HOLDING CORP.: COMPANY OVERVIEW
                       FIGURE 53 PROPETRO HOLDING CORP.: COMPANY SNAPSHOT, 2022
                       TABLE 300 PROPETRO HOLDING CORP.: PRODUCTS/SERVICES/SOLUTIONS
                       TABLE 301 PROPETRO HOLDING CORP.: DEALS
             11.1.14 PETRO WELT TECHNOLOGIES AG
                       TABLE 302 PETRO WELT TECHNOLOGIES AG: COMPANY OVERVIEW
                       FIGURE 54 PETRO WELT TECHNOLOGIES AG: COMPANY SNAPSHOT, 2022
                       TABLE 303 PETRO WELT TECHNOLOGIES AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 304 PETRO WELT TECHNOLOGIES AG: DEALS
                       TABLE 305 PETRO WELT TECHNOLOGIES AG: OTHERS
             11.1.15 NINE ENERGY SERVICE
                       TABLE 306 NINE ENERGY SERVICE: COMPANY OVERVIEW
                       FIGURE 55 NINE ENERGY SERVICE: COMPANY SNAPSHOT, 2022
                       TABLE 307 NINE ENERGY SERVICE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 308 NINE ENERGY SERVICES: DEALS
                       TABLE 309 NINE ENERGY SERVICES: OTHERS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
     11.2 OTHER PLAYERS 
             11.2.1 NATIONAL ENERGY SERVICES REUNITED CORP.
             11.2.2 GD ENERGY PRODUCTS, LLC
             11.2.3 TAM INTERNATIONAL, INC.
             11.2.4 TACROM
             11.2.5 AFG HOLDINGS, INC.
 
12 APPENDIX (Page No. - 248)
     12.1 INSIGHTS FROM INDUSTRY EXPERTS 
     12.2 DISCUSSION GUIDE 
     12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.4 CUSTOMIZATION OPTIONS 
     12.5 RELATED REPORTS 
     12.6 AUTHOR DETAILS 

 

The study involved major activities in estimating the current size of the hydraulic fracturing market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the hydraulic fracturing market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, EIA, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for a technical, market-oriented, and commercial study of the hydraulic fracturing market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The hydraulic fracturing market comprises several stakeholders, such as raw material suppliers, service providers, and oilfield operators in the supply chain. The demand side of this market is characterized by the rising demand for hydraulic fracturing for shale gas, tight oil, and tight gas. The supply side is characterized by rising demand for contracts from the industrial sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Hydraulic Fracturing Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the hydraulic fracturing market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions has been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Hydraulic Fracturing Market Size: Tow-Down Approach

Hydraulic Fracturing Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Hydraulic Fracturing Market Size: Bottom-Up Approach

Hydraulic Fracturing Market Size, and Share

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Defenition

Hydraulic fracturing, or fracking, is a well-stimulation method used in the oil and gas industry to extract hydrocarbons from deep underground formations. It entails injecting a high-pressure fluid mixture into a wellbore, creating fractures in the rock, and enabling the flow of trapped oil or gas. The market driving forces for hydraulic fracturing encompass growing global energy demands, the exploration of unconventional resources like shale gas and tight oil, technological advancements, and economic advantages from enhanced domestic oil and gas production. These factors contribute to increased energy security and reduced reliance on imported resources.

The growth of the hydraulic fracturing market during the forecast period can be attributed to the increasing global energy demand, the exploration, and exploitation of unconventional resources, such as shale gas and tight oil, technological advancements, and economic benefits from increased domestic oil and gas production across major countries in North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key Stakeholders

  • Consulting companies and associations in the hydraulic fracturing industry
  • Environmental research institutes
  • Government organizations
  • Investors/shareholders
  • Hydraulic fracturing equipment manufacturers
  • Hydraulic fracturing service providers
  • Organizations, forums, alliances, and associations
  • Research and consulting companies in the oil & gas industry
  • State and national regulatory authorities

Objectives of the Study

  • To define, describe, segment, and forecast the hydraulic fracturing market on the basis of well type, Technology, Application, and Region, in terms of value.
  • To describe and forecast the market for five key regions: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, along with their country-level market sizes, in terms of value.
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the growth of the market.
  • To provide the supply chain analysis, trends/disruptions impacting the customer’s business, market map, pricing analysis, and regulatory analysis of the hydraulic fracturing market.
  • To analyze opportunities for stakeholders in the hydraulic fracturing market and draw a competitive landscape of the market.
  • To strategically analyze the ecosystem, tariffs and regulations, patent landscape, trade landscape, Porter’s five forces, and case studies pertaining to the market under study.
  • To benchmark market players using the company evaluation quadrant, which analyzes market players on broad categories of business and product strategies adopted by them.
  • To compare key market players with respect to product specifications and applications.
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies.
  • To analyze competitive developments, such as contracts & agreements, investments & expansions, mergers & acquisitions, new product launches, partnerships, joint ventures & collaborations, in the hydraulic fracturing market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
EP 2944
Published ON
Jul, 2023
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Hydraulic Fracturing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback