Hydraulic Fracturing Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21447

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Published on

September 2021

Total pages

248

Table of Content

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About the Report

About the Report

Unconventional reservoirs have low permeability which requires high intervention process in order to optimize oil production, thus making hydraulic fracturing a major operation required to produce oil and gas. According to data the published by The Department of Natural Resources of Canada, permeability of tight reservoirs ranges from 0.1 to 0.001 md, and that of shale reservoirs which is even less permeable ranges from 0.001 to 0.0001 md and that of conventional reservoir ranges from 10 to 100 md which is more than unconventional reservoir. As a result, the average permeability of tight and shale reservoirs is usually too small to allow commercial production unless hydraulic fracturing technique is used. Moreover, with increasing global demand of oil and gas due to growing industrialization and increasing population the global hydraulic fracturing market is expected to grow at a considerable rate in the forecasted period. For instance, production of shale gas in U.S., grew to 835 BCF in 2019 as compared to 720 BCF in 2018.

Based on well type, the market is bifurcated into horizontal and vertical well. Of both, horizontal well held significant market share is expected to retain its position during the forecast period since by developing a single horizontal well whole oilfield can be produce in case of vertical wells, multiple wells are required to extract oil from the field.

On the basis of technology, the market is categorized into plug & perf and sliding sleeve. Among these, xx category dominated the market with a revenue share of xx% in 2020. Further, the category is expected to reach USD xx billon by the end of forecast period, demonstrating a CAGR of xx%.

Based on application, the market is divided into shale gas, tight gas, tight oil. Among the three, shale gas captured the considerable market share in 2020 and is expected to grow at a rate of xx% during the forecast period to reach USD xx billion by 2027.

Based on location, the market is divided into offshore and onshore wells. Onshore wells dominated the market owing to presence of large number of onshore wells globally. For instance, a total of nearly 55,000 wells were drilled in 2020, out which approximately 5% wells were offshore wells and rest were onshore wells.

For better understanding of the market, the report provides detail analysis for major region and country including North America (US, Canada, rest of North America); Europe (Germany, UK, France, Spain, rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) and MEA (Iran, Saudi Arabia, UAE, Kuwait, Iraq and Rest of Middle East and Africa) and Rest of the World. Currently North America dominated the market and is expected to maintain its dominance throughout the forecast period.

Some of the major companies operating in the global hydraulic fracturing market includes Halliburton Co., Schlumberger Ltd. Baker Hughes Co., Nextier Oilfield Solutions, Calfrac Well Services Ltd. Trican Well Services Ltd., Petro Welt Technologies AG, and US Well Services Inc.

Products


Companies

Halliburton Co., Schlumberger Ltd. Baker Hughes Co., Nextier Oilfield Solutions, Calfrac Well Services Ltd. Trican Well Services Ltd., Petro Welt Technologies AG, and US Well Services Inc.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Hydraulic Fracturing Market

2.1.1. Main Objective of the Hydraulic Fracturing Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL HYDRAULIC FRACTURING MARKET AMID COVID-19

6 GLOBAL HYDRAULIC FRACTURING MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY WELL TYPE

7.1. Horizontal Well

7.2. Vertical Well

8 MARKET INSIGHTS BY TECHNOLOGY

8.1. Plug and Perf

8.2. Sliding Sleeve

9 MARKET INSIGHTS BY APPLICATION

9.1. Shale Gas

9.2. Tight Gas

9.3. Tight Oil

10 MARKET INSIGHTS BY LOCATION

10.1. Onshore Field

10.2. Offshore Field

11 MARKET INSIGHTS BY REGION

11.1. North America Hydraulic Fracturing Market

11.1.1. United States

11.1.2. Canada

11.1.3. Rest of North America

11.2. Europe Hydraulic Fracturing Market

11.2.1. Germany

11.2.2. United Kingdom

11.2.3. Russia

11.2.4. France

11.2.5. Spain

11.2.6. Rest of Europe

11.3. Asia-Pacific Hydraulic Fracturing Market

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. Rest of Asia-Pacific

11.4. Middle East Africa Hydraulic Fracturing Market

11.4.1. Saudi Arabia

11.4.2. Iraq

11.4.3. UAE

11.4.4. Kuwait

11.4.5. Iran

11.4.6. Rest of MEA

11.5. Rest of the World

12 HYDRAULIC FRACTURING MARKET DYNAMICS

12.1. Market Drivers

12.2. Market Challenges

12.3. Impact Analysis

13 HYDRAULIC FRACTURING MARKET OPPORTUNITIES

14 HYDRAULIC FRACTURING MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1. Demand Side Analysis

16.2. Supply Side Analysis

16.2.1. Top Product Launches

16.2.2. Top Business Partnerships

16.2.3. Top Business Expansions, Investments and Divestitures

16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1. Porter's Five Forces Analysis

18.1.1. Bargaining power of Supplier

18.1.2. Bargaining power of Buyer

18.1.3. Industry Rivalry

18.1.4. Availability of Substitute

18.1.5. Threat of new Entrants

18.2. Competitive Landscape

18.2.1. Company Shares, By Revenue

19 COMPANY PROFILED

19.1. Halliburton Co.

19.2. Schlumberger Ltd.

19.3. Baker Hughes Co.

19.4. British Petroleum Co. Ltd.

19.5. Royal Dutch Shell Plc.

19.6. NexTier Oilfield Solutions Inc.

19.7. Calfrac Well Services Ltd.

19.8. Trican Well Services Ltd.

19.9. Petro Welt Technologies AG

19.10. U.S. Well Services Inc.

20 DISCLAIMER

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