Global Hydraulic Fracturing Market 2022-2028

Global Hydraulic Fracturing Market Size, Share & Trends Analysis Report, By Application (Conventional Hydraulic Fracturing, Tight Gas Hydraulic Fracturing, Shale Gas Hydraulic Fracturing, Tight Oil Hydraulic Fracturing, Coal Bed Hydraulic Fracturing, and Others), By Technology (Sliding Surface, Plug & Perf and Others), By Material (Proppant (Sand, Ceramic, Resin Coated Sand), and Others), By Shale Type (Bakken Shale, Antrim Shale, Woodford Shale, Marcellus Shale, Haynesville Shale, Fayetteville Shale, Eagle Ford Shale, Barnett Shale, and Others) Forecast (2022-2028)

The global hydraulic fracturing market is anticipated to grow at a CAGR of 7.6% during the forecast period. The growth of the global hydraulic fracturing market during the forecast period can be attributed to the increasing efforts by upstream companies to enhance production from unconventional resources such as tight gas and shale gas. Additionally, the growing demand for gas, oil, and other petroleum products is driving the growth of the hydraulic fracturing market.

The global hydraulic fracturing market is segmented based on application, technology, material, and shale type. Based on the application, the market is segmented into conventional hydraulic fracturing, tight gas hydraulic fracturing, shale gas hydraulic fracturing, tight oil hydraulic fracturing, coal bed hydraulic fracturing, and others. Based on the technology, the market is sub-segmented into a sliding surface, plug & perf, and others. Based on material, the market is segmented into proppant (sand, ceramic, resin-coated sand), and others. And, based on the shale type, the market is segmented into bakken shale, antrim shale, Woodford shale, Marcellus shale, Haynesville shale, Fayetteville shale, eagle ford shale, Barnett shale, and others. Among these, shale gas hydraulic fracturing is anticipated to grow during the forecast period due to increasing adoption in the oil & gas market for shale exploration and production.

Geographically, the global hydraulic fracturing market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America holds a prominent share in the market due to rising shale gas production and technological advancement. Furthermore, Asia-Pacific is anticipated to hold the market share following North America due to the growing demand for hydraulic fracturing for shale production in emerging economies such as China, India, Japan, and Korea in the region.

The major companies serving the global hydraulic fracturing market include Baker Hughes Inc., C&J Energy Services Inc., Cudd Energy Services, Halliburton, and Patterson-UTI Energy, Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships, geographical expansion, and collaborations to stay competitive in the market. For instance, in July 2021, Schlumberger and Vedanta Ltd’s subsidiary Cairn Oil & Gas announced that it has collaborated to start a project on the production of tight oil at Aishwariya Barmer Hill (ABH) in Rajasthan, India, the largest lateral fracking program of India.

Research Methodology

The market study of the global Hydraulic Fracturing market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Hydraulic Fracturing Market research and analysis by Application.
2. Global Hydraulic Fracturing Market Research and Analysis by Technology.
3. Global Hydraulic Fracturing Market Research and Analysis by Material.
4. Global Hydraulic Fracturing Market Research and Analysis by Shale Type.

The Report Covers

• Comprehensive research methodology of the global hydraulic fracturing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global hydraulic fracturing market.
• Insights about market determinants that are stimulating the global hydraulic fracturing market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.