Global Hydraulic Fracturing Market Information Report, By Well Type (Horizontal, Vertical), By Technology (Plug-And-Perforation, Sliding Sleeve, Others), By Application (Crude Oil, Shale Gas, Tight Oil, Others), and By Region - Global Forecast To 2022

Pune, India -- (SBWire) -- 03/09/2018 --Market Highlights
The hydraulic fracturing market is growing due to the abundance of unconventional reserves such as tight oil, shale gas, coal bed methane and others. The rising concern regarding the depletion of conventional oil and gas blocks along with the shift in focus towards development of the unconventional resource is expected to drive the demand of hydraulic fracturing market share. Besides the introduction of various government initiatives and the introduction of tax incentives, FDI provision and financial aids in the hydrocarbon sector are further expected to drive the demand of the market. However, the huge cost involved in the process of hydraulic fracturing is expected to hamper the growth of the market.

The report has been analyzed based on the well types, technologies, applications and regions. Among all applications, crude oil is expected to contribute the maximum to the growth of the hydraulic fracturing market. The rise in number of maturity fields and the aging brown field is leading the operators to produce crude oil from unconventional resources. Shale gas is also expected to drive the growth of the hydraulic fracturing market. The increase in the demand of natural gas from power plant industries due to its better fuel efficiency is expected to favor the growth of the shale gas hydraulic fracturing industry during the forecast period. The stringent government rules and regulation for reduction of carbon emission is further expected to boost the demand of the market.

Key Players
The key players of hydraulic fracturing market are Halliburton Company (U.S.), Schlumberger Limited (France), Weatherford International (U.S.), United Oilfield Services, Inc. (U.S.), Cudd Energy Services (Texas), Calfrac Well Services Ltd. (U.S.), Trican Well Services Ltd (U.S.), Tacrom Services S.R.L (Romania) and Superior Well Services, Inc. (U.S.) and others.

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Market Research Analysis
Among all technologies, plug and perforation is the most commonly used for the extraction of crude oil and natural gas. It is used in cased hole wells and is flexible in nature. Plug and perforation technique majorly helps in achieving high production rate. It is mainly used for shale oil and shale gas completions. It has the ability to be reworked in case of any problem or when production process pauses. The ease of accessibility provided by such technology for fracking in horizontal wells, make it a favorable technology than alternatives such as sliding sleeve and others.

Regional Analysis
North America region is expected to dominate the hydraulic fracturing market during the forecast period, owing to factors such as the increase in exploration of unconventional natural resources and the availability of resources such as skilled manpower. Asia-Pacific region is also expected to grow owing to the availability of natural resources in the region in abundance. The increased concept of digging wells in the rural areas of the region is also contributing to the growth of the market in the region.

Intended Audience
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities

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