Hydraulic
fracturing is the subject of a market research study recently
published by the market intelligence company Transparency Market
Research (TMR). The report states that the global hydraulic
fracturing market, worth US$38,320 mn in 2013, will rise to
US$66,059.42 mn by 2022, exhibiting a moderate, yet a positive 6.12%
CAGR, between 2014 and 2022. and is available at the company website
for sale. According to the report, volume-wise, the market had a
valuation of 21.34 MHHP in 2013. Expanding at a 5.30% CAGR over the
report’s forecast period, the market is projected to rise to 33.97
MHHP by 2022.
In-depth
research report on Hydraulic Fracturing Market with Full TOC at :
http://www.transparencymarketresearch.com/hydraulic-fracturing-market.html
Technological
advances in the past few years have led to an increased rate of
adoption of hydraulic fracturing technique for the exploration and
production of oil and gas from unconventional reserves such as tight
sand, coal bed methane, and shale formations.
Nine
out of 10 natural gas wells in the U.S. currently employ hydraulic
fracturing as the most potent way of extracting oil and gas from
unconventional resources. Used commercially for the past 65 years,
the technique and its use has found an increased rate of adoption
owing to the numerous benefits offered by the combination of the
technique with horizontal drilling and use of cutting-edge
technologies for an easier and increased production of oil and gas.
The
report segments the global hydraulic fracturing market on the basis
of three criteria: technology, application, and geography.On the
basis of technology, the market is segmented into sliding sleeves and
plug and perf. Of these, plug and perf is the highest grossing and
the most preferred technology segment of the market owing to their
flexible nature and widespread use in wellbore completion activities.
The
application segment of the hydraulic fracturing market is further
segmented into conventional, shale gas, and others (tight gas, tight
oil, coal bed methane, and shale oil). Of these, the segment of shale
gas is currently the largest market segment owing to its enormous
reserves, especially in North America. In 2013, the segment of shale
gas accounted for a sizeable 32% of the global hydraulic fracturing
market.
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further inquiries, click here :
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Geographically,
the market is segmented into North America, Asia Pacific, Europe, and
the Rest of the World (RoW). Of these, the U.S. market, one of the
largest regional hydraulic fracturing markets of the globe, is
expected to rise to a valuation of US$30,936.29 mn by 2022.
Asia
Pacific, especially Australia and China, which have abundant
unconventional resources of oil and gas and vast reserves of shale
gas, is aiding the growth of the hydraulic fracturing market in the
region. Furthermore, China has the second largest reserves of shale
gas after North America and is capable of becoming the largest
producer of natural gas in the future years. However, the market in
China features a strict regulatory framework and hydraulic fracturing
is not permitted without government licenses.
The
report also presents a detailed overview of the competitive landscape
of the global hydraulic fracturing, and features the detailed
business profiles of some of the key vendors in the market, including
Baker Hughes Inc., RPC, Inc., FTS International, Inc., Schlumberger
Limited, Halliburton Company, Calfrac Well Services Ltd., Nabors
Industries Ltd., United Oilfield Services, Inc., Trican Well Services
Limited, and Weatherford International Ltd.
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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