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Allied Market Research

Hydraulic Fracturing Market by Well Type (Horizontal and Vertical), Technology (Plug and Perforation, Sliding sleeve and Others), and Application (Crude Oil, Shale Gas, Tight Oil and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12075
Pages: NA
Sep 2021 | 96 Views
   
Author(s) : Eswara Prasad
Tables: NA
Charts: NA
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COVID-19

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Introduction

Hydraulic fracturing is a technology in which the fluids are pumped into the well at a high injection level to breakdown the oil reservoirs. The fluid includes water, chemicals and sand. In oil and gas production, it is generally used to enhance the production of oil and gases reservoirs to keep the well sticky and also fracturing fluids are used in this technique to create a fracture of good width. This technique is also known as fracking. It is used to generate oil and gas from well. Fracking technique is provided by many oils and natural gas companies. It is also used in many applications such as crude oil, tight oil, shale oil etc.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Well Type, Technology, Application and Region

 Regions Covered

 Europe, North America, Asia-Pacific, LAMEA.

 Companies Covered

Schlumberger, Halliburton, Baker Hughes, Calfrac Well Services, FTS International, Nabors Industries Ltd., Tacrom Services SRL, Trican Well Services Limited, United Oilfield Services, Weatherford International Inc. and Patterson-UTI Energy Inc.

 

COVID-19 Impact analysis

  • Due to the breakout of COVID-19 pandemic, the oil and gas industries were impacted.
  • The oil and gas industries had to shut down the manufacturing service due to the imposition of lockdown.
  • At the time of COVID-19 the companies had delayed the oil and gas project which impacted the price of crude oil, well drilling, production activities and supply chain of oil and gas.
  • Also, the commercial, industrial and transportation activity paused due to the spread of COVID-19.

Top Impacting Factors

The rising demand for gas, oil and other petroleum products is driving the growth of hydraulic fracturing market. As the demand for advanced technology, equipment and tools increase, the demand for fracturing, completion and drilling will increase which will boost the hydraulic fracturing market growth. In many exploring activities, unconventional and conventional hydrocarbons reserve in many formations are projected, which will increase the growth of the industry. The cost reduction of oilfield services, fluctuating in the oil prices and increase in the production are the factors driving the growth of hydraulic fracturing market. The demand for oil and gas is increasing with the increase in production is driving the growth hydraulic fracturing market. The awareness regarding protection of environment in many developed and developing countries can restrain the growth of hydraulic fracturing market. The strict rules and regulations by the national government regarding the use of hydraulic fracturing can also restrain the market growth.

Market Trends

  • The drilling activities, redevelopment of fields and new offshore projects are increasing in the US which will drive the market of hydraulic fracturing.
  • The new well drilling and well base expansion is carried out in North America. Also. North America is the producer of natural gas and crude oil. This will drive the growth of v market in North America.
  • The energy demand for energy is increasing in developing countries like India, China and hence to fulfill this demand and enhance the growth hydraulic fracturing will increase and will be beneficial for these countries.
  • The market players adopt strategies such as mergers and acquisition, new product launch and contract agreement to grow hydraulic fracturing service and equipment supply.
  • The shale gas exploration and development activities are increasing, it increases the hydraulic fracturing market.

Key Segments Covered

Segment

Sub-segment

 Well Type

  • Horizontal
  • Vertical

 Technology

  • Plug-and-perforation
  • Sliding sleeve
  • Others

 Application

  • Crude oil
  • Shale gas
  • Tight oil
  • Others

 Region

  • Asia-Pacific

o             China

o             India

o             Japan

o             South Korea

o             Rest of Asia-Pacific

  • North America

o             United States

o             Canada

o             Mexico

  • Europe

o             Germany

o             United Kingdom

o             France

o             Italy

o             Rest of Europe

  • South America

o             Brazil

o             Argentina

o             Rest of South America

  • Middle-East and Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle-East and Africa

 

Key Benefits of the Report

  • This study presents the analytical depiction of the hydraulic fracturing industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the hydraulic fracturing market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the hydraulic fracturing market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed hydraulic fracturing market analysis based on competitive intensity and how the competition will take shape in coming years
 
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