Pressure Pumping means hydraulic fracturing (including proppant fracturing and acid fracturing, but excluding low rate acidizing) and perforating gun pump down services and expressly excluding cementing, acidizing, sand control gravel packing, related types of miscellaneous pressure pumping services, and coiled-tubing related services.
MARKET DYNAMICS
The Pressure Pumping Market is witnessing tremendous growth owing to factors such as rapid industrialization results in increasing demand for energy. In addition, the growing exploration activities in the oil, gas, and mining industry and advancement in technology are propelling the growth of the market. Moreover, the enhanced recovery rates and productivity of reservoirs are other factors imposing a positive outlook on the market growth. However, the imposition of stringent government regulations and contamination concerns regarding hydraulic fracturing are factors hampering the growth of the market.
MARKET SCOPE
The ?Global Pressure Pumping Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the pressure pumping market with detailed market segmentation by type, well type, and resource type. The global pressure pumping market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pressure pumping market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Type: Based on the type, the market is categorized into Cementing, Hydraulic Fracturing, and others.
2. By Well Type: Based on the well type, the market is categorized into Directional, Horizontal, and Vertical.
3. By Resource Type: Based on resource types, the market is categorized into Conventional, and Unconventional.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The pressure pumping market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the pressure pumping market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the pressure pumping market in these regions.
IMPACT OF COVID 19
The COVID-19 pandemic has disrupted oil demand and has had a severe impact on financial markets. The COVID-19 outbreak has affected a wide range of industries, including energy & power, automotive, and chemical. However, due to the lockdowns across various countries, people and goods are not moving around, resulting in a heavy blow to the demand for transport fuels. China is one of the largest importers of oil but has shown a steep fall in demand, which is a significant implication for the global oil & gas market.
MARKET PLAYERS
The report covers vital developments in the pressure pumping market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the pressure pumping market are anticipated to have lucrative growth opportunities in the future with the rising demand for pressure pumping in the global market. Below mentioned is the list of a few companies engaged in the pressure pumping market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pressure pumping market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Baker Hughes
- Calfrac Well Services Ltd.
- Frac Tech Services International
- FTS International
- Halliburton
- Key Energy Services
- Sanjel Corporation
- Superior Energy Services, Inc
- Schlumberger
- Trican