Northbrook, IL -- (SBWIRE) -- 08/23/2021 -- According to the new market research report "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", published by MarketsandMarkets™, the Hydraulic Fracturing Market is projected to reach USD 50.2 billion by 2026. The Hydraulic Fracturing Market size will grow to USD 50.2 billion by 2026 from USD 34.8 billion in 2021, at a CAGR of 7.6% during the forecast period. The rising primary energy demand and increasing shale gas exploration & production activities in US is the driving factors for the Hydraulic Fracturing Market, globally.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=745

The horizontal segment is expected to dominate the Hydraulic Fracturing Market, by well type, during the forecast period.

A horizontal well requires a multi-directional drilling technique, which generally drills with an inclination of greater than 80° to enhance reservoir performance. According to the EIA, 70.0% of shale reserves are drilled horizontally in North America. Hydraulic fracturing, along with horizontal drilling, helps to increase crude oil and natural gas production. This is expected to drive the horizontal segment market during the forecast period.

Browse in-depth TOC on "Hydraulic Fracturing Market"

218 – Tables
61 – Figures
230 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/hydraulic-fracturing-market-745.html

The shale gas segment is expected to be the fastest-growing Hydraulic Fracturing Market, by application, during the forecast period.

The shale gas segment, by application, is estimated to grow at the fastest rate during the forecast period. Shales are fine-grained sedimentary rocks that can be rich sources of petroleum and natural gas. Hydraulic fracturing is the process used to extract shale gas. Deep holes are drilled into the shale rock, followed by horizontal drilling, as shale reserves are distributed horizontally rather than vertically. The increasing demand for natural gas is expected to drive the growth of the Hydraulic Fracturing Market for shale gas applications. The demand in 2021 was 4.021 tcm, up from 3.91 tcm in 2020. Furthermore, the consumption of natural gas in the power sector of the US is expected to reach 12.1 tcf by 2050, up from 0.4 tcf (4%) recorded in 2020. Such factors propel the growth of shale gas segment in the Hydraulic Fracturing Market.

North America likely to emerge as the largest Hydraulic Fracturing Market

In this report, the Hydraulic Fracturing Market has been analyzed for six regions, namely, North America, Latin America, Europe, Asia Pacific, Middle East & Africa. According to the IEA, the US is determined to become the net exporter of energy by 2021 and to fulfill this objective; oil production is being increased across the nation. Moreover, the US is the top explorer and producer of shale oil and gas. The old oil & gas fields in the Permian Basin and Bakken Ford require the hydraulic fracturing operations to enhance the productivity of the wells. Thus, North America dominated the Hydraulic Fracturing Market during the forecasted period.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=745

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Hydraulic Fracturing Market.

Some of the key players are Halliburton (US), Schlumberger (US), Baker Hughes Company (US) NexTier Oilfield Solutions (US), and Calfrac Well Services (Canada). The leading players are adopting various strategies to increase their share in the Hydraulic Fracturing Market.

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

Browse Related Reports:

Well Intervention Market by Service (Logging and Bottomhole Survey, Tubing/Packer Failure and Repair, Stimulation), Intervention (Light, Medium, Heavy), Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2026

https://www.marketsandmarkets.com/Market-Reports/well-intervention-market-1099.html

Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention Service (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations) Drilling Service, Others), Application (Onshore, Offshore), Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/coiled-tubing-market-804.html

Enhanced Oil Recovery Market by Technology (Thermal (In-Situ Combustion, Steam, Others), Chemical (Polymer, Surfactant, Alkaline Surfactant Polymer), Gas (CO2, Other Gas), Other EOR), Application (Onshore, Offshore), and Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/enhanced-oil-recovery-market-251660091.html

North America Well Intervention Market by Service (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation), Type (Light, Medium, Heavy), Application (Onshore, Offshore), Well Type (Horizontal, Vertical), Country - Forecast to 2024

https://www.marketsandmarkets.com/Market-Reports/north-america-well-intervention-market-105974250.html

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com