Hydraulic fracturing is a technique of propagating fractures on low-permeability reservoirs such as shale to increase oil and/or gas flow from the formation, and eventually improve production.
Pune, India -- (SBWIRE) -- 07/11/2016 -- The report titled "Hydraulic Fracturing Market by Geography (North America, Latin America, Middle East, Europe, Asia-Pacific, and Africa) & by Well Type (Horizontal and Vertical) and Shale Play in the U.S. & Geography - Global Trends and Forecasts to 2019, defines and segments the global hydraulic fracturing market with analysis and forecast of the global market share. The hydraulic fracturing market is estimated to grow from $41,546.9 million in 2014 to nearly $72,629.4 million by 2019, at a CAGR of over 11.8%.
Browse 123 market data tables and 43 figures spread through 173 pages and in-depth TOC on "Hydraulic Fracturing Market - Global Trends and Forecasts to 2019"
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The hydraulic fracturing market is likely to grow reasonably in upcoming years. The long-term drivers of the hydraulic fracturing market are well known. The relentless depletion of onshore and shallow water fields has compelled oil companies to focus on deep water and unconventional onshore areas where a various hydraulic fracturing services are required in order to produce the field.
The major drivers for pressure pumping market are increases production rate and add to recoverable reserves, and energy strategy shift through gas. High water usage, environmental concerns, and concerns about seismic activities are seen as major restraints to the hydraulic fracturing market.
The increase in demand for natural gas and oil drives the need for fracturing activities and investments. This increases the need for hydraulic fracturing infrastructure, which further leads to the demand of hydraulic fracturing equipment and service.
North America is the largest market in hydraulic fracturing, in terms of value. The North American market has been the most influential market in the U.S., as it is the epicenter of hydraulic fracturing demand given the abundant shale reserves exploration. China is anticipated to have an exponential growth in hydraulic fracturing activities. This, in turn, will drive the fracturing equipment demand, and hence hydraulic fracturing market is projected to reach $3,407.77 million by 2019.
The report analyzes and projects the hydraulic fracturing market by region, by U.S. shale, and by U.S. shale by well types (horizontal and vertical). The hydraulic fracturing market, by shale type, includes nine shale plays in the U.S. namely, Antrim, Bakken, Barnett, Eagle Ford, Fayetteville, Haynesville, Marcellus, Woodford, and rest of the US 'shale'. By region, the report includes North America and RoW. The U.S. market has been further broken down by shale type, and each shale type has been analyzed by well type.
This report also includes market share, and value-chain analysis, Porters Five Force Analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. In addition, it presents a competitive landscape and company profiles of 12 players in the market, including major companies providing equipment and services for hydraulic fracturing.
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