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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 Derrius Guice Jersey , 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 Da'Ron Payne Jersey , 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:
鈥?Hydraulic fracturing
鈥?Cementing
鈥?Other pressure pump services
On the basis of well types (North America):
鈥?Horizontal
鈥?Vertical
On the basis of resource types (North America):
鈥?Conventional
鈥?Unconventional
On the basis of geography:
鈥?North America
鈥?Europe
鈥?South & Central America
鈥?Asia-Pacific
鈥?Africa
鈥?The Middle East
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Pressure pumping is required during various phases of the lifecycle of a well for its completion, stimulation Dwayne Haskins Jr Jersey , 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 analysed based on 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. While the North American market is near its maturity Landon Collins Jersey , the movement in the market will be subjected to competition.
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. This proves to be an advantage to the international natural gas market and hence to the pressure pumping market.
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For this report, the major players in the pressure pumping market are identified through secondary and primary research based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as CEOs, Directors Alex Smith Jersey , and marketing people.
The size of the overall market is determined by forecasting techniques based on the pressure pumping demand in different regions, which is validated through primary sources. The market revenue and hydraulic horse power supplied for various types of pressure pumping services are determined and evaluated using primary and secondary research. The market data is available from 2011 to 2018 with a CAGR from 2013 to 2018.
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