Amazing Way to Get Know About Pressure Pumping Market with Forecast

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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The pressure pumping market is likely to grow reasonably in the upcoming years. The long-term drivers of the pressure pumping market are well known. The relentless depletion of onshore and shallow water fields has compelled oil companies to focus on deep water and unconventional onshore areas where various pressure pumping services are required in order to produce hydrocarbons.

The major drivers for the pressure pumping market are increase in the production rate, new additions to recoverable reserves, energy strategy shift towards gas, and energy security by domestic supply. Water availability and public outcry are seen as major restraints to the pressure pumping market. North America holds a major market share in the global pressure pumping market. Research and development initiatives by the American Government and favourable regulatory conditions have helped the American market grow to this level of being the market leader in pressure pumping.

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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.

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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