This is The Latest Research on Pressure Pumping Market and its Growth

The global pressure pumping market will grow from an estimated $55.0billion in 2013. This value is expected to increase to $116.15 billion by 2018 at a CAGR of 16.1% during the same period. The growing demand of energy with increasing investments in offshore and unconventional exploration and production activities is expected to drive the global pressure pumping market. It is estimated to reach $116.12 billion by 2018, at a CAGR of 16.1% from 2013 to 2018. The latest exploration and highly advanced technology required in the African and Asia-Pacific regions are expected to experience the highest revenue growth during the next five years.

This report analyzes various marketing trends and establishes the most effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such as Schlumberger, Halliburton, Baker Hughes, and Weatherford have also been profiled in this report.

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Scope of the report:

On the basis of service types:

• Hydraulic fracturing
• Cementing
• Other pressure pump services

On the basis of well types (North America):

• Horizontal
• Vertical

On the basis of resource types (North America):

• Conventional
• Unconventional

On the basis of geography:

• North America
• Europe
• South & Central America
• Asia-Pacific
• Africa
• The Middle East

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Pressure pumping is required during various phases of the lifecycle of a well for its completion, stimulation, intervention, etc. Hydraulic fracturing is a technique used to generate oil and gas from wells with low permeability. Cementing is done to complete the well. This is a service provided by oilfield service companies to the oil and natural gas companies. In this report, the market is analyzed on the basis of hydraulic horse power supplied by oilfield service companies to the hydraulic fracturing market. The Asia-Pacific and Middle East markets are still in the state of infancy, creating strong growth prospects for the global pressure pumping market.

Potential increase in recoverable resources and production is the most important driver for the global market. This technique is used to recover both oil and natural gas, but is predominantly used to recover unconventional gas. Currently, natural gas is referred to as transitional fuel for being the link between conventional resources and renewable energy.

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The market has been estimated from the demand point of view. This report breaks the market into smaller service segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 10 companies in the pressure pumping market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues