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 2026

Report Code: EP 2944 Aug, 2021, by marketsandmarkets.com

[230 Pages Report] The global hydraulic fracturing market is projected to reach USD 50.2 billion by 2026 from an estimated USD 34.8 billion in 2021, at a CAGR of  7.6% during the forecast period. Increasing efforts by upstream companies to enhance the production from unconventional resources is driving the hydraulic fracturing market.

Hydraulic Fracturing Market

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

COVID-19 Impact on the Global Hydraulic Fracturing Market

The propagation of the COVID-19 worldwide has slowed down the growth of numerous industries. The effects of the COVID-19 pandemic, including actions taken by businesses and governments to contain the spread of the virus, have resulted in a significant and swift reduction in the demand for oil and gas. As of May 28, 2020, 212 countries had been impacted by the pandemic, and the governments of individual countries had ordered nationwide lockdowns. This resulted in a considerable decline in transportation and related activities, which impacted the demand for oil and gas. According to the International Energy Agency (IEA) report, the geopolitical events increased the supply of low-priced oil to the global market, and at the same time, the demand declined due to the outbreak of the pandemic, leading to a collapse in oil prices in March 2020. These events together adversely affected the demand for oil and natural gas, as well as for hydraulic fracturing services and products, and caused significant volatility in the oil prices.

Market Interconnection

Hydraulic Fracturing Market  by Interconnection

Hydraulic Fracturing Market Dynamics

Driver: Increasing shale exploration and production activities globally

Shale reservoirs are highly impermeable, which makes the extraction process difficult. Shale reservoirs require high intervention processes to optimize oil production. Thus, horizontal drilling and hydraulic fracturing activities are performed to extract shale oil and gas. The majority of shale reserves are based in North America, with the US dominating the regional market, and in some parts of Europe and Asia. According to the US Energy Information Administration (EIA), the US oil production from seven major shale formations witnessed a rise of about 29,000 barrels per day (bpd) in January 2020, which is ~9.14 million barrels per day of shale oil production. The increasing shale oil and gas production from the North Dakota basin, Montana’s Bakken formations, and Permian basin, and the rising shale developments are responsible for the shale boom in the US, making it the largest oil-producing country in the world, ahead of Saudi Arabia and Russia.

Restraints: High water usage and environmental concerns associated with hydraulic fracturing

The fracturing fluid comprises 99.5% water, which is used from nearby rivers and lakes or industrial wastewater treatment plants. The availability of water plays a vital role in the performance of fracturing operations. However, the water used in fracturing operations gets mixed with various fracturing chemicals, although in minute quantity, which can cause water pollution if disposed of or gets mixed into water bodies. Contamination of water is another issue that has to be solved at every stage of fracturing. In each stage of the hydraulic fracturing water cycle, companies have to ensure that well integrity is maintained and there are no leaks of fluid.

Opportunities: Capability of foams of providing waterless fracking

With their excellent properties, such as high viscosity and low liquid content, foams find applications in many processes of the petroleum industry. They utilize less water than traditional fracturing and could help companies in addressing public concerns over the environmental effects of fracturing. As a process, fracturing takes up a large percentage of the total water required in well drilling—roughly 89%. This presents a good opportunity for players to include waterless fracking in their product portfolio to capture maximum market share.

Challenges: Health and environmental impacts of fracking chemicals

The advancements in hydraulic fracturing technology have fueled the domestic energy supply. However, the substances used in the fracking process, e.g., formaldehyde, benzene, toluene, ethylbenzene, and xylene, are toxic in nature. There are considerable risks associated with the release of these substances on the environment. For instance, blow-outs have occurred during fracking operations, and spills of fracking fluids and other chemicals have led to pollution in streams and lakes. Thus, fracking is a suspected cause of groundwater contamination in nearby areas of wells. The pollution caused by fracking also impacts the health of animals. It can lead to diseases, deaths, and genetic defects. Contaminants from fracking have been found at levels that pose a threat to human health.

By technology, the plug & perf segment is expected to make the largest contribution to the hydraulic fracturing market during the forecast period.

The plug & perf technology can be used in both vertical and horizontal wells. It is the most preferred and common fracturing technology used for unconventional wells. The plug & perf segment is estimated to witness significant growth as it is the most commonly used technology owing to ease of operation and competitive cost. It delivers higher performance in production and helps to lower the production cost.

By application, the shale gas segment is expected to grow at the fastest rate during the forecast period.

The shale gas segment is expected to grow at the fastest rate during the forecast period. There are a large number of shale reserves across the globe. According to the EIA, in total, there are 48 shale gas basins in 32 countries, containing almost 70 shale gas formations. For instance, China has 21.8 tcm technically recoverable shale gas reserve and 764.3 bcm proved shale gas reserve, mainly in marine facies in the Sichuan basin. Likewise, Argentina’s technically recoverable shale gas reserves stand at 802 billion cubic feet, whereas Algeria has the world’s third-largest untapped shale gas resources with 20 tcm of technically recoverable shale gas. Such large reserves are driving the hydraulic fracturing market.

By well type, the horizontal wells segment is expected to dominate the hydraulic fracturing market during the forecast period.

The horizontal well segment is expected to dominate the global hydraulic fracturing market owing to the booming shale production, which requires hydraulic fracturing which is one of the major drivers for hydraulic fracturing market. Furthermore, it is also increasing the focus on enhancing the primary production and reducing the total number of wells to develop an entire oilfield.

North America is expected to be the largest market during the forecast period.

North America, Europe, Latin America, Asia Pacific, Middle East & Africa are the major regions considered for the study of the hydraulic fracturing market. North America is estimated to be the largest market from 2021 to 2026, driven by the growth in unconventional resources in the US and Canada.

Hydraulic Fracturing Market  by Region

Key Market Players

The key players profiled in this report are Halliburton (US), Schlumberger (US),Baker Hughes (US), Calfrac Well Services (Canada), NexTier Oilfield Solutions(US).

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

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD)

Segments covered

Well Type, Technology and Application 

Geographies covered

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

Companies covered

Halliburton (US), Schlumberger (US), Baker Hughes (US), NexTier Oilfield Solutions(US), Calfrac Well Service (Canada),  Trican Well Service (Canada), STEP Energy Services(Canada), Nine Energy Services(US), FTS International (US), U.S. Well Services (US), Petro Welt Technologies AG (Austria), AFG Holdings, Inc (US), Liberty Oilfield Services (US), Patterson-UTI Energy, Inc. (US), RPC Inc. (US), ProPetro Holding Corp. (US), National Energy Services Reunited Corp. (US), Tacrom Services Srl (Romania), Anton Oilfield Services Group (China), TAM International, Inc. (US), Legend Energy Services (US), and ProFrac (US)

 

This research report categorizes the hydraulic fracturing market based on technology, well type, application, and region.

Based on Technology, the hydraulic fracturing market has been segmented as follows:

  • Plug & Perf
  • Sliding Sleeve

Based on Application, the hydraulic fracturing market has been segmented as follows:

  • Shale Gas
  • Tight Oil
  • Tight Gas

Based on Well Type, the hydraulic fracturing market has been segmented as follows:

  • Horizontal Well
  • Vertical Well

Based on the region, the hydraulic fracturing market has been segmented as follows:

  • North America
  • Asia Pacific
  • Latin America
  • Europe
  • Middle East & Africa  

Recent Developments

  • In August 2021, NexTier Oilfield Solutions has acquired Alamo Pressure Pumping, LLC. With this acquisition, NexTier Oilfield Solutions will operate the third-largest base of active hydraulic horsepower across the US and the largest base of next-generation equipment in the Permian Basin.
  • In July 2021, Schlumberger and Vedanta Ltd’s subsidiary Cairn Oil & Gas have collaborated to start a project on the production of tight oil at Aishwariya Barmer Hill (ABH) in Rajasthan, India. The Aishwariya Barmer Hill is India’s largest lateral fracking program.
  • In March 2021, FTS International has partnered with  KCF Technologies to deploy MachineIQ (MIQ) on an active hydraulic fracturing site. The first production run was on the Devon Energy site in Oklahoma. MIQ successfully identified the sources of equipment issues and executed corrective actions to rebalance the system.
  • In October 2020, Halliburton launched SmartFleet, an intelligent automated fracturing system. SmartFleet helps operators to control real-time fracturing while pumping by providing subsurface fracture measurements, live 3D visualization, and real-time fracture commands.

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. - 32)
    1.1 OBJECTIVES OF STUDY
    1.2 DEFINITION
           1.2.1 HYDRAULIC FRACTURING MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED FOR STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    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
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key industry insights
                    2.2.2.2 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
           2.2.3 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DEMAND SIDE METRICS
           FIGURE 6 MAIN METRICS CONSIDERED WHILE ASSESSING DEMAND FOR HYDRAULIC FRACTURING
           2.4.1 CALCULATION FOR DEMAND SIDE METRICS
           2.4.2 RESEARCH ASSUMPTIONS FOR DEMAND SIDE METRICS
    2.5 SUPPLY SIDE ANALYSIS
           FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF HYDRAULIC FRACTURING
           FIGURE 8 HYDRAULIC FRACTURING MARKET: SUPPLY SIDE ANALYSIS, 2020
           2.5.1 CALCULATIONS FOR SUPPLY SIDE
           2.5.2 ASSUMPTIONS FOR SUPPLY SIDE
    2.6 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 46)
    TABLE 1 HYDRAULIC FRACTURING MARKET SNAPSHOT
    FIGURE 9 SHALE GAS SEGMENT TO DOMINATE HYDRAULIC FRACTURING 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 LARGEST SHARE OF HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD
    FIGURE 12 NORTH AMERICA DOMINATED HYDRAULIC FRACTURING MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES IN HYDRAULIC FRACTURING MARKET
           FIGURE 13 INCREASING SHALE EXPLORATION AND PRODUCTION ACTIVITIES TO DRIVE GROWTH OF HYDRAULIC FRACTURING MARKET FROM 2021 TO 2026
    4.2 HYDRAULIC FRACTURING MARKET, BY WELL TYPE
           FIGURE 14 HORIZONTAL SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2020
    4.3 HYDRAULIC FRACTURING MARKET, BY APPLICATION
           FIGURE 15 SHALE GAS SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2020
    4.4 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY
           FIGURE 16 PLUG & PERF SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2020
    4.5 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY WELL TYPE AND COUNTRY
           FIGURE 17 HORIZONTAL SEGMENT AND US DOMINATED NORTH AMERICAN HYDRAULIC FRACTURING MARKET IN 2020
    4.6 HYDRAULIC FRACTURING MARKET, BY REGION (VALUE)
           FIGURE 18 NORTH AMERICA TO WITNESS HIGHEST GROWTH IN HYDRAULIC FRACTURING MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 19 COVID-19 GLOBAL PROPAGATION
           FIGURE 20 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
           FIGURE 21 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.4 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 22 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
           FIGURE 23 HYDRAULIC FRACTURING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Increasing shale exploration and production activities globally
                               5.5.1.1.1 Presence of large shale-proved reserves globally
                                            TABLE 2 TOP COUNTRIES WITH RECOVERABLE SHALE RESOURCES, 2019
                               5.5.1.1.2 Increasing shale gas drilling activities
                                            FIGURE 24 US DRY NATURAL GAS PRODUCTION, BY TYPE, 2000–2050 (TRILLION CUBIC FEET)
                    5.5.1.2 Growing demand for hydraulic fracturing technology with increasing requirement for energy
                               FIGURE 25 GLOBAL OIL DEMAND, 2019–2026 (THOUSAND BARRELS PER DAY)
                               FIGURE 26 GLOBAL NATURAL GAS DEMAND, BY REGION, 2010–2019 (BILLION CUBIC METERS)
           5.5.2 RESTRAINTS
                    5.5.2.1 High water usage and environmental concerns associated with hydraulic fracturing
                               FIGURE 27 WATER USAGE IN SHALE PLAYS ACROSS US (MILLION/YR)
                               FIGURE 28 HYDRAULIC FRACTURING WATER CYCLE AND ITS IMPACT ON WATER SUPPLIES
                               FIGURE 29 FRACTURING FLUID COMPOSITION
                    5.5.2.2 Growing concerns regarding seismic activities due to hydraulic fracturing
                    5.5.2.3 Local ban and suspensions on hydraulic fracturing
                               TABLE 3 HYDRAULIC FRACTURING: NATIONAL POLICY REGARDING SHALE OIL AND GAS PRODUCTION
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Capability of foams of providing waterless fracking
                               FIGURE 30 APPLICATIONS OF FOAM IN OIL & GAS INDUSTRY—SINCE 1950 TILL DATE
                               TABLE 4 WATER-BASED FRACTURING FLUIDS FEATURE HIGHER RECYCLING PROPERTIES
           5.5.4 CHALLENGES
                    5.5.4.1 Health and environmental impacts of fracking chemicals
                    5.5.4.2 Disruptions in hydraulic fracturing operations and demand shock attributed to COVID-19
    5.6 TRENDS/DISRUPTIONS IMPACTING SERVICE PROVIDERS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR HYDRAULIC FRACTURING SERVICE PROVIDERS
                    FIGURE 31 REVENUE SHIFT FOR HYDRAULIC FRACTURING MARKET
    5.7 SUPPLY CHAIN ANALYSIS
           FIGURE 32 SUPPLY CHAIN ANALYSIS: HYDRAULIC FRACTURING MARKET
           TABLE 5 HYDRAULIC FRACTURING MARKET: SUPPLY CHAIN/ECOSYSTEM
           5.7.1 KEY INFLUENCERS
                    5.7.1.1 Raw material suppliers
                    5.7.1.2 Service providers
                    5.7.1.3 Oilfield operators
    5.8 MARKET MAP
           FIGURE 33 HYDRAULIC FRACTURING: MARKET MAP
    5.9 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 34 PORTER’S FIVE FORCES ANALYSIS FOR HYDRAULIC FRACTURING
           TABLE 6 HYDRAULIC FRACTURING MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.9.1 THREAT OF SUBSTITUTES
           5.9.2 BARGAINING POWER OF BUYERS
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 THREAT OF NEW ENTRANTS
           5.9.5 INTENSITY OF RIVALRY
    5.10 HYDRAULIC FRACTURING MARKET: PATENT REGISTRATIONS
           TABLE 7 HYDRAULIC FRACTURING MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2020–2021
    5.11 HYDRAULIC FRACTURING MARKET: REGULATIONS
           TABLE 8 HYDRAULIC FRACTURING MARKET: REGULATIONS
    5.12 CASE STUDY ANALYSIS
             5.12.1 Multistage system optimized hydraulic fracturing of high-pressure and high temperature (HPHT) tight formations
                        5.12.1.1 Problem statement
                        5.12.1.2 Solution

6 HYDRAULIC FRACTURING MARKET, BY APPLICATION (Page No. - 80)
    6.1 INTRODUCTION
           FIGURE 35 HYDRAULIC FRACTURING MARKET SHARE, BY APPLICATION, 2020
           TABLE 9 HYDRAULIC FRACTURING MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
    6.2 SHALE GAS
           6.2.1 LARGE PRESENCE OF SHALE RESERVES ON GLOBAL LEVEL TO DRIVE GROWTH OF SHALE GAS APPLICATION SEGMENT
                    TABLE 10 HYDRAULIC FRACTURING MARKET FOR SHALE GAS, BY REGION, 2019–2026 (USD MILLION)
    6.3 TIGHT OIL
           6.3.1 INCREASING DEMAND FOR CRUDE OIL TO BOOST GROWTH OF TIGHT OIL SEGMENT
                    TABLE 11 HYDRAULIC FRACTURING MARKET FOR TIGHT OIL, BY REGION, 2019–2026 (USD MILLION)
    6.4 TIGHT GAS
           6.4.1 INCREASING INVESTMENTS IN DEVELOPMENT OF TIGHT GAS FIELDS TO DRIVE GROWTH OF SEGMENT
                    TABLE 12 HYDRAULIC FRACTURING MARKET FOR TIGHT GAS, BY REGION, 2019–2026 (USD MILLION)

7 HYDRAULIC FRACTURING MARKET, BY WELL TYPE (Page No. - 85)
    7.1 INTRODUCTION
           FIGURE 36 HYDRAULIC FRACTURING MARKET SHARE, BY WELL TYPE, 2020
           TABLE 13 HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2019–2026 (USD MILLION)
    7.2 HORIZONTAL
           7.2.1 SHALE DEVELOPMENTS TO BOOST GROWTH OF HORIZONTAL WELL SEGMENT
                    TABLE 14 HYDRAULIC FRACTURING MARKET FOR HORIZONTAL WELLS, BY REGION, 2019–2026 (USD MILLION)
    7.3 VERTICAL
           7.3.1 GROWING NEED TO INCREASE EFFICIENCY AND OUTPUT OF VERTICAL WELLS TO DRIVE MARKET GROWTH
                    TABLE 15 HYDRAULIC FRACTURING MARKET FOR VERTICAL WELLS, BY REGION, 2019–2026 (USD MILLION)

8 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY (Page No. - 89)
    8.1 INTRODUCTION
           FIGURE 37 HYDRAULIC FRACTURING MARKET SHARE, BY TECHNOLOGY, 2020
           TABLE 16 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
    8.2 PLUG & PERF
           8.2.1 EASE OF OPERATION AND ACCESSIBILITY TO BOOST DEMAND FOR PLUG & PERF TECHNOLOGY
                    TABLE 17 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY REGION, 2019–2026 (USD MILLION)
    8.3 SLIDING SLEEVE
           8.3.1 INCREASING INVESTMENTS IN DEVELOPMENT OF SLIDING SLEEVE TECHNOLOGY TO DRIVE MARKET GROWTH
                    TABLE 18 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY REGION, 2019–2026 (USD MILLION)

9 GEOGRAPHIC ANALYSIS (Page No. - 93)
    9.1 INTRODUCTION
           FIGURE 38 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
           FIGURE 39 HYDRAULIC FRACTURING MARKET SHARE, BY REGION, 2020 (%)
           TABLE 19 HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2026 (USD MILLION)
    9.2 NORTH AMERICA
           FIGURE 40 SNAPSHOT: NORTH AMERICA LED HYDRAULIC FRACTURING MARKET IN 2020
           9.2.1 MACRO TRENDS
                    9.2.1.1 Shale gas reserves
                               TABLE 20 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN NORTH AMERICA, BY COUNTRY (TCF)
                    9.2.1.2 Shale/tight oil reserves
                               TABLE 21 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN NORTH AMERICA, BY COUNTRY (BILLION BBL)
                    9.2.1.3 Crude oil production
                               TABLE 22 CRUDE OIL PRODUCTION IN NORTH AMERICA, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.2.2 BY APPLICATION
                    TABLE 23 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY APPLICATION, 2019–2026 (USD MILLION)
           9.2.3 BY WELL TYPE
                    TABLE 24 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY WELL TYPE, 2019–2026 (USD MILLION)
                    9.2.3.1 Well type, by country
                               TABLE 25 HORIZONTAL HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 26 VERTICAL HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
           9.2.4 BY TECHNOLOGY
                    TABLE 27 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.2.4.1 Technology, by country
                               TABLE 28 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN NORTH AMERICA,BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 29 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
           9.2.5 BY COUNTRY
                    TABLE 30 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.2.5.1 US
                               9.2.5.1.1 Increasing production from shale and tight oil reserves in US to drive growth of hydraulic fracturing market
                               9.2.5.1.2 Macro trends
                                            TABLE 31 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN US (TCF)
                                            TABLE 32 SHALE/TIGHT OIL PROVED RESERVES FROM SELECTED US TIGHT PLAYS, 2019, IN US (BILLION BBL)
                                            TABLE 33 CRUDE OIL PRODUCTION IN US (THOUSAND BARRELS DAILY)
                               9.2.5.1.3 By well type
                                            TABLE 34 HYDRAULIC FRACTURING MARKET IN US, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.2.5.1.4 By technology
                                            TABLE 35 HYDRAULIC FRACTURING MARKET IN US, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.2.5.2 Canada
                               9.2.5.2.1 Increasing investments in Duvernay and Montney formations to drive growth of hydraulic fracturing market
                               9.2.5.2.2 Macro trends
                                            TABLE 36 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CANADA, BY COUNTRY, (TCF)
                                            TABLE 37 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN CANADA (BILLION BBL)
                                            TABLE 38 CRUDE OIL PRODUCTION IN CANADA (THOUSAND BARRELS DAILY)
                               9.2.5.2.3 By well type
                                            TABLE 39 HYDRAULIC FRACTURING MARKET IN CANADA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.2.5.2.4 By technology
                                            TABLE 40 HYDRAULIC FRACTURING MARKET IN CANADA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
    9.3 ASIA PACIFIC
           FIGURE 41 SNAPSHOT: ASIA PACIFC HYDRAULIC FRACTURING MARKET, 2020
           9.3.1 MACRO TRENDS
                    9.3.1.1 Shale gas reserves
                               TABLE 41 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ASIA PACIFIC, BY COUNTRY (TCF)
                    9.3.1.2 Shale/ tight oil reserves
                               TABLE 42 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ASIA PACIFIC, BY COUNTRY (BILLION BBL)
                    9.3.1.3 Crude oil production
                               TABLE 43 CRUDE OIL PRODUCTION IN ASIA PACIFIC, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.3.2 BY APPLICATION
                    TABLE 44 HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2026 (USD MILLION)
           9.3.3 BY WELL TYPE
                    TABLE 45 HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY WELL TYPE,2019–2026 (USD MILLION)
                    9.3.3.1 Well type, by country
                               TABLE 46 HORIZONTAL HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION) 
                               TABLE 47 VERTICAL HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION)
           9.3.4 BY TECHNOLOGY
                    TABLE 48 HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.3.4.1 Technology, by country
                               TABLE 49 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 50 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION)
           9.3.5 BY COUNTRY
                    TABLE 51 HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.3.5.1 China
                               9.3.5.1.1 Increasing exploration and production from unconventional resources to fuel growth of Chinese hydraulic fracturing market
                               9.3.5.1.2 Macro trends
                                            TABLE 52 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CHINA (TCF)
                                            TABLE 53 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN CHINA (BILLION BBL)
                                            TABLE 54 CRUDE OIL PRODUCTION IN CHINA (THOUSAND BARRELS DAILY)
                               9.3.5.1.3 By well type
                                            TABLE 55 HYDRAULIC FRACTURING MARKET IN CHINA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.3.5.1.4 By technology
                                            TABLE 56 HYDRAULIC FRACTURING MARKET IN CHINA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.3.5.2 Australia
                               9.3.5.2.1 Presence of significant unconventional shale resources to create growth opportunities for hydraulic fracturing market
                               9.3.5.2.2 Macro trends
                                            TABLE 57 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN AUSTRALIA (TCF)
                                            TABLE 58 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN AUSTRALIA (BILLION BBL)
                                            TABLE 59 CRUDE OIL PRODUCTION IN AUSTRALIA (THOUSAND BARRELS DAILY)
                               9.3.5.2.3 By well type
                                            TABLE 60 HYDRAULIC FRACTURING MARKET IN AUSTRALIA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.3.5.2.4 By technology
                                            TABLE 61 HYDRAULIC FRACTURING MARKET IN AUSTRALIA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.3.5.3 Rest of Asia Pacific
                               9.3.5.3.1 Macro trends
                                            TABLE 62 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN INDIA (TCF)
                                            TABLE 63 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN TURKEY (TCF)
                                            TABLE 64 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN INDIA (BILLION BBL)
                                            TABLE 65 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN TURKEY (BILLION BBL)
                                            TABLE 66 CRUDE OIL PRODUCTION IN REST OF ASIA PACIFIC (THOUSAND BARRELS DAILY)
                               9.3.5.3.2 By well type
                                            TABLE 67 HYDRAULIC FRACTURING MARKET IN REST OF ASIA PACIFIC, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.3.5.3.3 By technology
                                            TABLE 68 HYDRAULIC FRACTURING MARKET IN REST OF ASIA PACIFIC, BY TECHNOLOGY, 2019–2026 (USD MILLION)
    9.4 LATIN AMERICA
           9.4.1 MACRO TRENDS
                    9.4.1.1 Shale gas reserves
                               TABLE 69 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN LATIN AMERICA, BY COUNTRY (TCF)
                    9.4.1.2 Shale/tight oil reserves
                               TABLE 70 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN LATIN AMERICA, BY COUNTRY (BILLION BBL)
                    9.4.1.3 Crude oil production
                               TABLE 71 CRUDE OIL PRODUCTION IN LATIN AMERICA, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.4.2 BY APPLICATION
                    TABLE 72 HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY APPLICATION, 2019–2026 (USD MILLION)
           9.4.3 BY WELL TYPE
                    TABLE 73 HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY WELL TYPE, 2019–2026 (USD MILLION)
                    9.4.3.1 Well type, by country
                               TABLE 74 HORIZONTAL HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 75 VERTICAL HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
           9.4.4 BY TECHNOLOGY
                    TABLE 76 HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.4.4.1 Technology, by country
                               TABLE 77 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN LATIN AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 78 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN LATIN AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
           9.4.5 BY COUNTRY
                    TABLE 79 HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.4.5.1 Argentina
                               9.4.5.1.1 Shale developments in Vaca Meurta field to create high demand for hydraulic fracturing services in Argentina
                               9.4.5.1.2 Macro trends
                                            TABLE 80 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ARGENTINA (TCF)
                                            TABLE 81 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ARGENTINA (BILLION BBL)
                                            TABLE 82 CRUDE OIL PRODUCTION IN ARGENTINA (THOUSAND BARRELS DAILY)
                               9.4.5.1.3 By well type
                                            TABLE 83 HYDRAULIC FRACTURING MARKET IN ARGENTINA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.4.5.1.4 By technology
                                            TABLE 84 HYDRAULIC FRACTURING MARKET IN ARGENTINA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.4.5.2 Mexico
                               9.4.5.2.1 Increasing investments by major companies in maximizing production through shale developments to boost market growth
                               9.4.5.2.2 Macro trends
                                            TABLE 85 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN MEXICO (TCF)
                                            TABLE 86 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN MEXICO (BILLION BBL)
                                            TABLE 87 CRUDE OIL PRODUCTION IN MEXICO (THOUSAND BARRELS DAILY)
                               9.4.5.2.3 By well type
                                            TABLE 88 HYDRAULIC FRACTURING MARKET IN MEXICO, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.4.5.2.4 By technology
                                            TABLE 89 HYDRAULIC FRACTURING MARKET IN MEXICO, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.4.5.3 Rest of Latin America
                               9.4.5.3.1 Macro trends
                                            TABLE 90 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN COLOMBIA (TCF)
                                            TABLE 91 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CHILE (TCF)
                                            TABLE 92 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN COLOMBIA (BILLION BBL)
                                            TABLE 93 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN CHILE (BILLION BBL)
                                            TABLE 94 CRUDE OIL PRODUCTION IN REST OF LATIN AMERICA (THOUSAND BARRELS DAILY)
                               9.4.5.3.2 By well type
                                            TABLE 95 HYDRAULIC FRACTURING MARKET IN REST OF LATIN AMERICA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.4.5.3.3 By technology
                                            TABLE 96 HYDRAULIC FRACTURING MARKET IN REST OF LATIN AMERICA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
    9.5 EUROPE
           9.5.1 MACRO TRENDS
                    9.5.1.1 Shale gas reserves
                               TABLE 97 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN EUROPE, BY COUNTRY (TCF)
                    9.5.1.2 Shale/ tight oil reserves
                               TABLE 98 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN EUROPE, BY COUNTRY (BILLION BBL)
                    9.5.1.3 Crude oil production
                               TABLE 99 CRUDE OIL PRODUCTION IN EUROPE, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.5.2 BY APPLICATION
                    TABLE 100 HYDRAULIC FRACTURING MARKET IN EUROPE, BY APPLICATION, 2019–2026 (USD MILLION)
           9.5.3 BY WELL TYPE
                    TABLE 101 HYDRAULIC FRACTURING MARKET IN EUROPE, BY WELL TYPE, 2019–2026 (USD MILLION)
                    9.5.3.1 Well Type, By Country
                               TABLE 102 HORIZONTAL HYDRAULIC FRACTURING MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 103 VERTICAL HYDRAULIC FRACTURING MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
           9.5.4 BY TECHNOLOGY
                    TABLE 104 HYDRAULIC FRACTURING MARKET IN EUROPE, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.5.4.1 Technology, by country
                               TABLE 105 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 106 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
           9.5.5 BY COUNTRY
                    TABLE 107 HYDRAULIC FRACTURING MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.5.5.1 Russia
                               9.5.5.1.1 Depletion of conventional resources to create potential demand for hydraulic fracturing services in Russia
                               9.5.5.1.2 Macro trends
                                            TABLE 108 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN RUSSIA (TCF)
                                            TABLE 109 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN RUSSIA (BILLION BBL)
                                            TABLE 110 CRUDE OIL PRODUCTION IN RUSSIA (THOUSAND BARRELS DAILY)
                               9.5.5.1.3 By well type
                                            TABLE 111 HYDRAULIC FRACTURING MARKET IN RUSSIA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.5.5.1.4 By technology
                                            TABLE 112 HYDRAULIC FRACTURING MARKET IN RUSSIA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.5.5.2 Ukraine
                               9.5.5.2.1 Presence of untapped unconventional reserves to boost market growth
                               9.5.5.2.2 Macro Trends
                                            TABLE 113 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN UKRAINE (TCF)
                                            TABLE 114 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN UKRAINE (BILLION BBL)
                               9.5.5.2.3 By Well Type
                                            TABLE 115 HYDRAULIC FRACTURING MARKET IN UKRAINE, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.5.5.2.4 By Technology
                                            TABLE 116 HYDRAULIC FRACTURING MARKET IN UKRAINE, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.5.5.3 Rest of Europe
                               9.5.5.3.1 Macro trends
                                            TABLE 117 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN POLAND (TCF)
                                            TABLE 118 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ROMANIA (TCF)
                                            TABLE 119 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN SWEDEN (TCF)
                                            TABLE 120 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN UK (TCF)
                                            TABLE 121 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN POLAND (BILLION BBL)
                                            TABLE 122 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ROMANIA (BILLION BBL)
                                            TABLE 123 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN UK (BILLION BBL)
                                            TABLE 124 CRUDE OIL PRODUCTION IN REST OF EUROPE (THOUSAND BARRELS DAILY)
                               9.5.5.3.2 By well type
                                            TABLE 125 HYDRAULIC FRACTURING MARKET IN REST OF EUROPE, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.5.5.3.3 By technology
                                            TABLE 126 HYDRAULIC FRACTURING MARKET IN REST OF EUROPE, BY TECHNOLOGY, 2019–2026 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA
           9.6.1 MACRO TRENDS
                    9.6.1.1 Shale gas reserves
                               TABLE 127 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN MIDDLE EAST & AFRICA, BY COUNTRY (TCF)
                    9.6.1.2 Shale/ tight oil reserves
                               TABLE 128 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN MIDDLE EAST & AFRICA, BY COUNTRY (BILLION BBL)
                    9.6.1.3 Crude oil production
                               TABLE 129 CRUDE OIL PRODUCTION IN MIDDLE EAST & AFRICA, BY COUNTRY (THOUSAND BARRELS DAILY)
           9.6.2 BY APPLICATION
                    TABLE 130 HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2019–2026 (USD MILLION)
           9.6.3 BY WELL TYPE
                    TABLE 131 HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA, BY WELL TYPE, 2019–2026 (USD MILLION)
                    9.6.3.1 Well type, by country
                               TABLE 132 HORIZONTAL HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 133 VERTICAL HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION)
           9.6.4 BY TECHNOLOGY
                    TABLE 134 HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.6.4.1 Technology, by country
                               TABLE 135 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION)
                               TABLE 136 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION)
           9.6.5 BY COUNTRY
                    TABLE 137 HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.6.5.1 Algeria
                               9.6.5.1.1 Initiatives to increase exploration activities to support growth of hydraulic fracturing market in Algeria
                               9.6.5.1.2 Macro trends
                                            TABLE 138 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ALGERIA (TCF)
                                            TABLE 139 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ALGERIA (BILLION BBL)
                                            TABLE 140 CRUDE OIL PRODUCTION IN ALGERIA (THOUSAND BARRELS DAILY)
                               9.6.5.1.3 By well type
                                            TABLE 141 HYDRAULIC FRACTURING MARKET IN ALGERIA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.6.5.1.4 By technology
                                            TABLE 142 HYDRAULIC FRACTURING MARKET IN ALGERIA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.6.5.2 Jordan
                               9.6.5.2.1 Increasing investments in Risha gas field to boost market growth
                               9.6.5.2.2 Macro trends
                                            TABLE 143 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN JORDAN (TCF)
                                            TABLE 144 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN JORDAN (BILLION BBL)
                               9.6.5.2.3 By well type
                                            TABLE 145 HYDRAULIC FRACTURING MARKET IN JORDAN, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.6.5.2.4 By technology
                                            TABLE 146 HYDRAULIC FRACTURING MARKET IN JORDAN, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.6.5.3 Saudi Arabia
                               9.6.5.3.1 Increasing initiatives for exploration and production from shale gas reserves to fuel market growth
                               9.6.5.3.2 Macro trends
                                            TABLE 147 CRUDE OIL PRODUCTION IN SAUDI ARABIA (THOUSAND BARRELS DAILY)
                               9.6.5.3.3 By well type
                                            TABLE 148 HYDRAULIC FRACTURING MARKET IN SAUDI ARABIA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.6.5.3.4 By technology
                                            TABLE 149 HYDRAULIC FRACTURING MARKET IN SAUDI ARABIA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.6.5.4 South Africa
                               9.6.5.4.1 Presence of large shale gas reserves in Karoo basin to drive market growth
                               9.6.5.4.2 Macro trends
                                            TABLE 150 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN SOUTH AFRICA (TCF)
                               9.6.5.4.3 By well type
                                            TABLE 151 HYDRAULIC FRACTURING MARKET IN SOUTH AFRICA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.6.5.4.4 By technology
                                            TABLE 152 HYDRAULIC FRACTURING MARKET IN SOUTH AFRICA, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    9.6.5.5 Rest of Middle East & Africa
                               9.6.5.5.1 Macro trends
                                            TABLE 153 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN LIBYA (TCF)
                                            TABLE 154 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN EGYPT (TCF)
                                            TABLE 155 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN OMAN (TCF)
                                            TABLE 156 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN UAE (TCF)
                                            TABLE 157 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN LIBYA (BILLION BBL)
                                            TABLE 158 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVESIN EGYPT (BILLION BBL)
                                            TABLE 159 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN OMAN (BILLION BBL)
                                            TABLE 160 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN UAE (BILLION BBL)
                                            TABLE 161 CRUDE OIL PRODUCTION IN REST OF MIDDLE EAST & AFRICA (THOUSAND BARRELS DAILY)
                               9.6.5.5.2 By well type
                                            TABLE 162 HYDRAULIC FRACTURING MARKET IN REST OF MIDDLE EAST & AFRICA, BY WELL TYPE, 2019–2026 (USD MILLION)
                               9.6.5.5.3 By technology
                                            TABLE 163 HYDRAULIC FRACTURING MARKET IN REST OF MIDDLE EAST & AFRICA, BY TECHNOLOGY, 2019–2026 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 157)
     10.1 KEY PLAYERS STRATEGIES
             FIGURE 42 KEY DEVELOPMENTS IN HYDRAULIC FRACTURING MARKET, 2017–2021
     10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
             TABLE 164 HYDRAULIC FRACTURING MARKET: DEGREE OF COMPETITION
             FIGURE 43 HYDRAULIC FRACTURING MARKET SHARE ANALYSIS, 2020
     10.3 MARKET EVALUATION FRAMEWORK
             TABLE 165 MARKET EVALUATION FRAMEWORK
     10.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
             FIGURE 44 TOP FIVE PLAYERS IN HYDRAULIC FRACTURING MARKET FROM 2016 TO 2020
     10.5 COMPANY EVALUATION QUADRANT
             10.5.1 MARKET SCOPE
             10.5.2 MARKET SEGMENTATION
             10.5.3 REGIONAL SCOPE
             10.5.4 YEARS CONSIDERED FOR STUDY
                        FIGURE 45 COMPETITIVE LEADERSHIP MAPPING: HYDRAULIC FRACTURING MARKET, 2020

11 COMPANY PROFILES (Page No. - 164)
(Business and financial overview, Products/Services/Solutions offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     11.1 KEY PLAYERS
             11.1.1 RESEARCH METHODOLOGY
                        TABLE 166 HALLIBURTON: BUSINESS OVERVIEW
                        FIGURE 46 HALLIBURTON: COMPANY SNAPSHOT BY COUNTRY, 2019–2026 (USD MILLION)
                        TABLE 168 HALLIBURTON: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 169 HALLIBURTON: DEALS
                        TABLE 170 HALLIBURTON: OTHERS
             11.1.2 Key industry insights
                        TABLE 171 SCHLUMBERGER: BUSINESS OVERVIEW
                        FIGURE 47 SCHLUMBERGER: COMPANY SNAPSHOT
                        TABLE 172 SCHLUMBERGER: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 173 SCHLUMBERGER: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 174 SCHLUMBERGER: DEALS
                        TABLE 175 SCHLUMBERGER: OTHERS
             11.1.3 TOP-DOWN APPROACH
                        TABLE 176 BAKER HUGHES COMPANY: BUSINESS OVERVIEW
                        FIGURE 48 BAKER HUGHES: COMPANY SNAPSHOT
                        TABLE 177 BAKER HUGHES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 178 BAKER HUGHES: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 179 BAKER HUGHES: DEALS
                        TABLE 180 BAKER HUGHES: OTHERS
             11.1.4 SUPPLY SIDE ANALYSIS
                        TABLE 181 NEXTIER OILFIELD SOLUTIONS: BUSINESS OVERVIEW
                        FIGURE 49 NEXTIER OILFIELD SOLUTIONS: COMPANY SNAPSHOT
                        TABLE 182 NEXTIER OILFIELD SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 183 NEXTIER OILFIELD SOLUTIONS: DEALS
             11.1.5 FORECAST
                        TABLE 184 FTS INTERNATIONAL: BUSINESS OVERVIEW
                        FIGURE 50 FTS INTERNATIONAL: COMPANY SNAPSHOT
                        TABLE 185 FTS INTERNATIONAL: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 186 FTS INTERNATIONAL: DEALS
             11.1.6 PLUG & PERF SEGMENT TO HOLD LARGEST SHARE OF HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD
                        TABLE 187 TRICAN WELL SERVICE: BUSINESS OVERVIEW
                        FIGURE 51 TRICAN WELL SERVICE: COMPANY SNAPSHOT
                        TABLE 188 TRICAN WELL SERVICE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 189 TRICAN WELL SERVICE: DEALS
                        TABLE 190 TRICAN WELL SERVICE: OTHERS
             11.1.7 HORIZONTAL SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2020
                        TABLE 191 NINE ENERGY SERVICES: BUSINESS OVERVIEW
                        FIGURE 52 NINE ENERGY SERVICES: COMPANY SNAPSHOT
                        TABLE 192 NINE ENERGY SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 193 NINE ENERGY SERVICES: DEALS
                        TABLE 194 NINE ENERGY SERVICES: OTHERS
             11.1.8 HORIZONTAL SEGMENT AND US DOMINATED NORTH AMERICAN HYDRAULIC FRACTURING MARKET IN 2020
                        TABLE 195 RPC, INC.: BUSINESS OVERVIEW
                        FIGURE 53 RPC, INC.: COMPANY SNAPSHOT
                        TABLE 196 RPC, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.9 INTRODUCTION
                        TABLE 197 STEP ENERGY SERVICES: BUSINESS OVERVIEW
                        FIGURE 54 STEP ENERGY SERVICES: COMPANY SNAPSHOT
                        TABLE 198 STEP ENERGY SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 199 STEP ENERGY SERVICES: DEALS
             11.1.10 COVID-19 PROPAGATION IN SELECTED COUNTRIES
                        TABLE 200 NATIONAL ENERGY SERVICES REUNITED CORP.: BUSINESS OVERVIEW
                        FIGURE 55 NATIONAL ENERGY SERVICES REUNITED CORP.: COMPANY SNAPSHOT
                        TABLE 201 NATIONAL ENERGY SERVICES REUNITED CORP.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 202 NATIONAL ENERGY SERVICES REUNITED CORP.: DEALS
             11.1.11 DRIVERS
                        TABLE 203 TECHNIPFMC: BUSINESS OVERVIEW
                        FIGURE 56 TECHNIPFMC: COMPANY SNAPSHOT
                        TABLE 204 TECHNIPFMC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.12 Increasing shale gas drilling activities
                        TABLE 205 CALFRAC WELL SERVICES: BUSINESS OVERVIEW
                        FIGURE 57 CALFRAC WELL SERVICES: COMPANY SNAPSHOT
                        TABLE 206 CALFRAC WELL SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.13 GLOBAL NATURAL GAS DEMAND, BY REGION, 2010–2019 (BILLION CUBIC METERS)
                        TABLE 207 PATTERSON-UTI ENERGY, INC.: BUSINESS OVERVIEW
                        FIGURE 58 PATTERSON-UTI ENERGY, INC.: COMPANY SNAPSHOT
                        TABLE 208 PATTERSON-UTI ENERGY, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 209 PATTERSON-UTI ENERGY, INC.: DEALS
             11.1.14 FRACTURING FLUID COMPOSITION
                        TABLE 210 LIBERTY OILFIELD SERVICES: BUSINESS OVERVIEW
                        FIGURE 59 LIBERTY OILFIELD SERVICES: COMPANY SNAPSHOT
                        TABLE 211 LIBERTY OILFIELD SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 212 LIBERTY OILFIELD SERVICES: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 213 LIBERTY OILFIELD SERVICES: DEALS
             11.1.15 APPLICATIONS OF FOAM IN OIL & GAS INDUSTRY—SINCE 1950 TILL DATE
                        TABLE 214 PROPETRO HOLDING CORP.: BUSINESS OVERVIEW
                        FIGURE 60 PROPETRO HOLDING CORP.: COMPANY SNAPSHOT
                        TABLE 215 PROPETRO HOLDING CORP.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 216 PROPETRO HOLDING CORP.: DEALS
             11.1.16 TRENDS/DISRUPTIONS IMPACTING SERVICE PROVIDERS
                        TABLE 217 PETRO WELT TECHNOLOGIES AG: BUSINESS OVERVIEW
                        FIGURE 61 PETRO WELT TECHNOLOGIES AG: COMPANY SNAPSHOT
                        TABLE 218 PETRO WELT TECHNOLOGIES AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
     11.2 OTHER PLAYERS
             11.2.1 HYDRAULIC FRACTURING MARKET: SUPPLY CHAIN/ECOSYSTEM
             11.2.2 KEY INFLUENCERS
             11.2.3 Raw material suppliers
             11.2.4 Service providers
*Details on Business and financial overview, Products/Services/Solutions offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

12 APPENDIX (Page No. - 224)
     12.1 INSIGHTS OF INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

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

Secondary Research

The research study on the hydraulic fracturing market involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, the World Bank, and BP Statistical Review of World Energy, to identify and collect information useful for this technical, market-oriented, and commercial study. 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 end-product manufacturers and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as drilling service providers, upstream operators, and others. The supply-side is characterized by hydraulic fracturing service providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

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 have been used to estimate and validate the size of the global hydraulic fracturing market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments 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 have been determined through both primary and secondary research.
  • The industry’s supply 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.

Global Hydraulic fracturing Market Size: Bottom-Up Approach

Hydraulic Fracturing Market Size, and Bottom-Up Approach

Data Triangulation

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

Report Objectives

  • To define, describe, segment, and forecast the hydraulic fracturing market on the basis of well type, technology, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the hydraulic fracturing market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the hydraulic fracturing market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the hydraulic fracturing market with respect to the five main regions (Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa)
  • To provide detailed information regarding Porter’s five forces, supply chain, product pricing trade, and revenue shift trends pertaining to the hydraulic fracturing  market
  • To strategically profile the key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments such as contracts & agreements, mergers & acquisitions, investments & expansions, and product launches and developments in the hydraulic fracturing market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Hydraulic Fracturing Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Hydraulic Fracturing Market

Request For Special Pricing
Report Code
EP 2944
Published ON
Aug, 2021
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
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+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
©2021 MarketsandMarkets Research Private Ltd. All rights reserved