Global Pressure Pumping Market
Global Pressure Pumping Market was valued US$ 105Bn in 2017 and is anticipated to reach US$ 321Bn by 2026 at a CAGR of about 14.9% during a forecast period.
Global Pressure Pumping Market segments are divided by type, well type and by region. Based on type pressure pumping market is segmented into Hydraulic Fracturing, Cementing & Others. By well type are segmented in Horizontal, Vertical & Directional. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The driving factors for the Pressure Pumping Market are rise in drilling activity, increasing demand for primary energy in power generation, demanding for pressure pumping services for hydraulic fracturing and reduced in breakeven price of shale oil. While highest growth in forecast period is expected from the cementing service market.
However, high installation cost and environment related concerns are some of the restraints in the growth of Pressure Pumping Market that are analyzed in detail by region in the report.
In terms of Type, Hydraulic Fracturing segment is expected to witness the faster growth due to the technological advancement in injecting liquid at high pressure into subterranean rocks with highly effective, efficient and productive method for reaching deep. In well type, in 2017, there were only 112 horizontal rigs active, yet the percentage of horizontal rigs is expected to continue to increase. In 2018, there are about 350 active horizontal Permian rigs compared to the peak of 353 horizontal rigs at the end of 2016.
Among region, North America is expected to grow at the highest CAGR during the forecast period. The market growth in the region can be attributed to the emerging technology, increasing in funding, increasing oil offshore platforms and developments, increasing vehicle production and sales. Middle East and Africa is expected to be the second largest market due to booming sales of luxury car segment.
National Oilwell Varco, Fluor corporation, Key Energy Services, Sanjel Energy Services, Frac tech services international, Advanced Cementing Services Inc., Baker Hughes A GE Co., BJ Services, Nine Energy Services, C&J Energy Services, Inc., Liberty Oilfield Services, Calfrac Well Services Ltd., China Oilfield Services Limited, Eneroil Offshore Drilling Ltd, Halliburton Company, Saipem SpA, Schlumberger Limited, Superior Oilfield Services Inc., Trican Well Services Corporation and Weatherford International Inc.
Scope of the Global Pressure Pumping Market:
Global Pressure Pumping Market: By Type
- Hydraulic Fracturing
- Cementing
- Others
Global Pressure Pumping Market: By Well Type
- Horizontal
- Vertical
- Directional
Global Pressure Pumping Market: By region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Key Player in Global Pressure Pumping Market:
- National Oilwell Varco
- Fluor corporation
- Key Energy Services
- Sanjel Energy Services
- Frac tech services international,
- Advanced Cementing Services Inc.
- Baker Hughes A GE Co.
- BJ Services
- Nine Energy Services
- C&J Energy Services, Inc.
- Liberty Oilfield Services
- Calfrac Well Services Ltd
- China Oilfield Services Limited
- Eneroil Offshore Drilling Ltd
- Halliburton Company
- Saipem SpA
- Schlumberger Limited
- Superior Oilfield Services Inc.
- Trican Well Services Corporation
- Weatherford International Inc
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