Press release
Hydraulic Fracturing Market Analysis, Opportunities, Challenges, Growth, Drivers, Manufacturers and Forecast to 2024
DEC Research provides a detailed overview of Hydraulic Fracturing market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Hydraulic Fracturing industry in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/1122
The size of Hydraulic Fracturing Market was registered at 24 Billion (USD) in the year 2015 and is anticipated to cross 65 Billion (USD) by 2024. Between the period 2016-2024, the Hydraulic Fracturing Market is expected to register a CAGR of 12%.
Hydraulic fracturing market from plug and perforation technology was valued above USD 16.5 billion in 2015. Wide application in cased hole wells, easy accessibility for fracking in horizontal wells and favorable technology will drive the product demand. Lower cost and less time consuming are the factors that will propel the demand of side sleeves by 2024. This technology is widely used to shut off the flow from one or more reservoirs.
Leading Key Players in Hydraulic Fracturing Market are:
o Baker Hughes Incorporated
o FTS International
o Schlumberger Limited
o Weatherford International
o Haliburton
o Calfrac Well Services
o Trican Well Services Ltd
o Tacrom Services S.R.L
o Superior Energy Services
Shale gas segment is set to witness growth rate exceeding 14% by 2024. Better fuel efficiency and rise in natural gas demand coupled with stringent government regulations to reduce carbon emissions will drive the demand of shale gas. Tight gas accounted for over 15% of global hydraulic fracturing market share in 2015. Aging brown fields and rise in maturing projects will propel the demand of crude oil from unconventional resources.
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Russia accounted for over 40% of the Europe hydraulic fracturing market owing to the development of potential hydrocarbon reserves. In 2015, Russia held more than 665 tcf of unconventional reserves which includes tight gas, shale gas, CBM and hydrates,
Argentina hydraulic fracturing market will grow over 15% from 2015 to 2024. Abundant availability of unconventional resources coupled with favorable government initiatives will drive the demand of product. Iran will also witness a significant growth due to presence of shale in abundance amount. In 2016, the Center for Exploration & Production announced 158 billion barrels of oil reserves in Iran.
Saudi Arabia accounted for over 10% market share of the global hydraulic fracturing market. Rising investments in o & g projects will stimulate the product penetration in the market. Saudi Aramco is investing over USD 300 billion in infrastructure development and in E&P phase of unconventional reserves.
Partial Table of Contents (ToC) of the report:
Chapter 4 Hydraulic Fracturing Technology Insights
4.1 Hydraulic fracturing market share by technology, 2015 & 2024
4.2 Plug and Perforation
4.2.1 Global hydraulic fracturing market estimates and forecast from plug and perforation, 2013 - 2024
4.2.2 Global hydraulic fracturing market revenue from plug and perforation, by region, 2013 - 2024
4.3 Sliding Sleeves
4.3.1 Global hydraulic fracturing market estimates and forecast from sliding sleeves, 2013 - 2024
4.3.2 Global hydraulic fracturing market revenue from sliding sleeves, by region, 2013 - 2024
Chapter 5 Hydraulic Fracturing Market Insights, By Well
5.1 Hydraulic fracturing market share by well, 2015 & 2024
5.2 Horizontal
5.2.1 Global hydraulic fracturing market estimates and forecast from horizontal, 2013 - 2024
5.2.2 Global hydraulic fracturing market revenue from horizontal, by region, 2013 - 2024
5.3 Vertical
5.3.1 Global hydraulic fracturing market estimates and forecast from vertical, 2013 - 2024
5.3.2 Global hydraulic fracturing market revenue from vertical, by region, 2013 - 2024
Read More About Hydraulic Fracturing Market At: https://www.prnewswire.com/news-releases/hydraulic-fracturing-market-by-well-technology--application-to-2024-global-market-insights-inc-300899721.html
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