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Pressure Pumping Market Size, Share & Trends Analysis Report by Type (Hydraulic Fracturing, Cementing), by Well Type (Horizontal, Vertical, Directional), by Region, Vendor Landscape, and Segment Forecasts, 2018 - 2025

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    Report

  • April 2018
  • Region: Global
  • Grand View Research
  • ID: 4538860
Description Jump to:
The global pressure pumping market size is expected to reach USD 75.1 billion by 2025, progressing at a CAGR of 4.1% during the forecast period. Rising exploration & production (E&P) in unconventional oil & gas reserves including shale basins is estimated to spur the growth of the market.

Increasing prominence of unconventional reserves including coalbed methane (CBM), shale, tight oil, and tight gas is likely to drive the market over the next few years. Advancements in extraction techniques are also helping E&P companies in increasing the yield in scanty profit regions such as the Arctic region and ultra-deep seas.

Governments of countries that support natural gas E&P from conventional (oil, gas, and coal), as well as unconventional sources (shale, CBM, and tight gas) are undertaking several regulatory initiatives to promote hydraulic fracturing. This is leading to upsurge in use of hydraulic fracturing for the development of unconventional sources.

Stable prices in 2017 and an upswing in upstream oil & gas investments are likely to augment the demand for pressure pumping operations over the forecast period. Number of coil tubing rigs in the U.S. registered an increase of nearly 3.3% from 2016 to 2017. Thus, stable oil prices, coupled with increasing number of the coiled tubing units, are expected to stoke the growth of the market over the forecast period

Pressure pumping of oil and gas formations may lead to groundwater contamination, migration of gases and fracking chemicals to surface, and contamination of surrounding air. In addition, oil obtained through pressure pumping includes chemicals used in fracking, which may increase corrosion rate in rail tank cars and pipelines. Thus, environment related concerns with the product are likely to hamper growth prospects.

Moratoriums and bans on hydraulic fracturing from regional agencies in France, Romania, Tunisia, Bulgaria, etc. are also expected to remain a major challenge for the industry. Soaring need for fossil fuels in electricity generation and transportation, however, is expected to propel the market.

Further Key Findings from the Report Suggest:
  • In terms of revenue, hydraulic fracturing is anticipated to reach USD 58.3 billion by 2025 at a CAGR of 4.3% from 2017 to 2025. The U.S. shale gas boom is likely to be a key factor behind the growing prominence of hydraulic fracturing

  • In terms of revenue, the cementing segment is projected to register a CAGR of 3.9% over the forecast period. Increasing number of drilled but uncompleted wells is anticipated to restrain the growth of the segment over the forecast period

  • Horizontal well type dominated the global market with a share of 82.4% in 2016. The distinct benefits of horizontal wells in terms of providing enhanced productivity are likely to influence the growth of the segment positively in the coming years

  • The North America pressure pumping market is anticipated to exceed USD 47.8 billion by 2025. Flourishing upstream oil and gas sector in the region is likely to drive the regional market over the forecast period

  • Asia Pacific is projected to witness a remarkable CAGR of 5.5% over the forecast period, with China and Australia being the key revenue contributors in the region.

  • Some of the key companies in the industry are Baker Hughes; Schlumberger Limited; Halliburton; C&J Energy Services, Inc.; Calfrac Energy Services Ltd.; Trican; and Superior Energy Services, Inc.


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Pressure pumping market - Industry snapshot
Chapter 3 Pressure Pumping Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Market size and growth prospects, 2014 - 2025
3.3 Value chain analysis
3.4 Pressure pumping market dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing energy demand
3.4.1.2 Shift in trend toward developing unconventional resources
3.4.1.3 Favorable government policies
3.4.2 Market restraint analysis
3.4.2.1 Stringent environmental regulations
3.4.2.2 Fluctuation in oil prices
3.5 Key opportunities - Prioritized
3.6 Industry analysis - Porter’s
3.7 Shale gas/tight gas basins
3.8 Pressure pumping PESTEL analysis
Chapter 4 Pressure Pumping Market: Type Estimates & Trend Analysis
4.1 Global pressure pumping market share, by type, 2016 & 2025
4.2 Hydraulic fracturing
4.2.1 Global pressure pumping market estimates & forecasts, in hydraulic fracturing, 2014 - 2025
4.3 Cementing
4.3.1 Global pressure pumping market estimates & forecasts, in cementing, 2014 - 2025
4.4 Others
4.4.1 Global pressure pumping market estimates & forecasts, in others, 2014 - 2025
Chapter 5 Pressure Pumping Market: Well Type Estimates & Trend Analysis
5.1 Global pressure pumping market share, by well type, 2016 & 2025
5.2 Horizontal
5.2.1 Global pressure pumping market estimates & forecasts, by horizontal, 2014 - 2025
5.3 Vertical
5.3.1 Global pressure pumping market estimates & forecasts, by vertical, 2014 - 2025
5.4 Directional
5.4.1 Global pressure pumping market estimates & forecasts, by directional, 2014 - 2025
Chapter 6 Pressure Pumping Market: Regional Estimates & Trend Analysis
6.1 Global pressure pumping market share, by region, 2016 & 2025
6.2 North America
6.2.1 North America pressure pumping market estimates & forecasts, 2014 - 2025
6.2.2 North America pressure pumping market estimates & forecasts by type, 2014 - 2025
6.2.3 North America pressure pumping market estimates & forecasts, by well type, 2014 - 2025
6.2.4 U.S.
6.2.4.1 U.S. pressure pumping market estimates & forecasts, 2014 - 2025
6.2.4.2 U.S. pressure pumping market estimates & forecasts by type, 2014 - 2025
6.2.4.3 U.S. pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.2.5 Canada
6.2.5.1 Canada pressure pumping market estimates & forecasts, 2014 - 2025
6.2.5.2 Canada pressure pumping market estimates & forecasts by type, 2014 - 2025
6.2.5.3 Canada pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.3 Europe
6.3.1 Europe pressure pumping market estimates & forecasts, 2014 - 2025
6.3.2 Europe pressure pumping market estimates & forecasts by type, 2014 - 2025
6.3.3 Europe pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.3.4 Russia
6.3.4.1 Russia pressure pumping market estimates & forecasts, 2014 - 2025
6.3.4.2 Russia pressure pumping market estimates & forecasts by type, 2014 - 2025
6.3.4.3 Russia pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.3.5 U.K.
6.3.5.1 U.K. pressure pumping market estimates & forecasts, 2014 - 2025
6.3.5.2 U.K. pressure pumping market estimates & forecasts by type, 2014 - 2025
6.3.5.3 U.K. pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.4 Asia Pacific
6.4.1 Asia Pacific pressure pumping market estimates & forecasts, 2014 - 2025
6.4.2 Asia Pacific pressure pumping market estimates & forecasts by type, 2014 - 2025
6.4.3 Asia Pacific pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.4.4 China
6.4.4.1 China pressure pumping market estimates & forecasts, 2014 - 2025
6.4.4.2 China pressure pumping market estimates & forecasts by type, 2014 - 2025
6.4.4.3 China pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.4.5 Australia
6.4.5.1 Australia pressure pumping market estimates & forecasts, 2014 - 2025
6.4.5.2 Australia pressure pumping market estimates & forecasts by type, 2014 - 2025
6.4.5.3 Australia pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.5 Central South America (CSA)
6.5.1 CSA pressure pumping market estimates & forecasts, 2014 - 2025
6.5.2 CSA pressure pumping market estimates & forecasts by type, 2014 - 2025
6.5.3 CSA pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.5.4 Brazil
6.5.4.1 Brazil pressure pumping market estimates & forecasts, 2014 - 2025
6.5.4.2 Brazil pressure pumping market estimates & forecasts by type, 2014 - 2025
6.5.4.3 Brazil pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.5.5 Argentina
6.5.5.1 Argentina pressure pumping market estimates & forecasts, 2014 - 2025
6.5.5.2 Argentina pressure pumping market estimates & forecasts by type, 2014 - 2025
6.5.5.3 Argentina pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.6 Middle East & Africa (MEA)
6.6.1 MEA pressure pumping market estimates & forecasts, 2014 - 2025
6.6.2 MEA pressure pumping market estimates & forecasts by type, 2014 - 2025
6.6.3 MEA pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.6.4 U.A.E
6.6.4.1 U.A.E pressure pumping market estimates & forecasts, 2014 - 2025
6.6.4.2 U.A.E pressure pumping market estimates & forecasts by type, 2014 - 2025
6.6.4.3 U.A.E pressure pumping market estimates & forecasts by well type, 2014 - 2025
6.6.5 Algeria
6.6.5.1 Algeria pressure pumping market estimates & forecasts, 2014 - 2025
6.6.5.2 Algeria pressure pumping market estimates & forecasts by type, 2014 - 2025
6.6.5.3 Algeria pressure pumping market estimates & forecasts by well type, 2014 - 2025
Chapter 7 Competitive Landscape
7.1 Vendor landscape
7.2 Competitive environment
7.3 Strategy framework
Chapter 8 Company Profiles
8.1 Baker Hughes Incorporated (a GE Company)
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Services benchmarking
8.1.4 Strategic initiatives
8.2 C&J Energy Services, Inc.
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Services benchmarking
8.2.4 Strategic initiatives
8.3 Calfrac Well Services Ltd.
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Services benchmarking
8.4 TRICAN
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Services benchmarking
8.4.4 Strategic initiative
8.5 Halliburton
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Services benchmarking
8.5.4 Strategic initiative
8.6 Schlumberger Limited
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Services benchmarking
8.6.4 Strategic initiatives
8.7 Superior Energy Services, Inc.
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Services benchmarking
8.8 Patterson-UTI Energy, Inc.
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Services benchmarking
8.8.4 Strategic initiatives
8.9 RPC, Inc.
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Services benchmarking
List of Tables
Table 1 Pressure pumping market - Key market driver impact
Table 2 Pressure pumping market - Key market restraints impact
Table 3 Major risks associated with pressure pumping
Table 4 Global pressure pumping market estimates & forecasts, in hydraulic fracturing, 2014 - 2025 (USD Million)
Table 5 Global pressure pumping market estimates & forecasts, in cementing, 2014 - 2025 (USD Million)
Table 6 Global pressure pumping market estimates & forecasts, in others, 2014 - 2025 (USD Million)
Table 7 Global pressure pumping market estimates & forecasts, by horizontal, 2014 - 2025
Table 8 Global pressure pumping market estimates & forecasts, by vertical, 2014 - 2025 (USD Million)
Table 9 Global pressure pumping market estimates & forecasts, by directional, 2014 - 2025 (USD Million)
Table 10 North America pressure pumping market estimates & forecasts, 2014 - 2025 (USD Million)
Table 11 North America pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 12 North America pressure pumping market estimates & forecasts, by well type, 2014 - 2025 (USD million)
Table 13 U.S. pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 14 U.S. pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 15 U.S. pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 16 Canada pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 17 Canada pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 18 Canada pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 19 Europe pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 20 Europe pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 21 Europe pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 22 Russia pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 23 Russia pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 24 Russia pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 25 U.K. pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 26 U.K. pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 27 U.K. pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 28 Asia Pacific pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 29 Asia Pacific pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 30 Asia Pacific pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 31 China pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 32 China pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 33 China pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 34 Australia pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 35 Australia pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 36 Australia pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 37 CSA pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 38 CSA pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 39 CSA pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 40 Brazil pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 41 Brazil pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 42 Brazil pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 43 Argentina pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 44 Argentina pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 45 Argentina pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 46 MEA pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 47 MEA pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 48 MEA pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 49 U.A.E pressure pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 50 U.A.E pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 51 U.A.E pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
Table 52 Algeria pumping market estimates & forecasts, 2014 - 2025 (USD million)
Table 53 Algeria pressure pumping market estimates & forecasts by type, 2014 - 2025 (USD million)
Table 54 Algeria pressure pumping market estimates & forecasts by well type, 2014 - 2025 (USD million)
List of Figures
FIG. 1 Pressure pumping market share, 2016 (USD million)
FIG. 2 Pressure pumping market segmentation
FIG. 3 Global pressure pumping market (USD Million), 2014 - 2025
FIG. 4 Value chain analysis
FIG. 5 Pressure pumping market dynamics
FIG. 6 Global gross domestic product (GDP) growth rate, by economy (%), 2012 - 2022
FIG. 7 Energy consumption, by region, Million Tons of Oil Equivalent (MTOE), 2006 - 2016
FIG. 8 World energy demand, by source, 2013-2016 (Quadrillion BTUs)
FIG. 9 Natural gas production, by region, Million Tons of Oil Equivalent (MTOE), 2006 - 2016
FIG. 10 U.S. natural gas production estimates (TCF), by source, 2003 - 2025
FIG. 11 Global crude oil prices (USD/Barrel) 2005 - 2016
FIG. 12 West Texas Intermediate (WTI) Crude Oil Price (USD/Barrel) Jan 2016-October 2017
FIG. 13 Key opportunities - Prioritized
FIG. 14 Pressure pumping - Porter’s analysis
FIG. 15 Pressure pumping PESTEL analysis
FIG. 16 Global pressure pumping market share, by type, 2016 & 2025 (%)
FIG. 17 Global pressure pumping market share, by well type, 2016 & 2025 (%)
FIG. 18 Global pressure pumping market share, by region, 2016 & 2025 (%)
FIG. 19 Competitive environment
FIG. 20 Competitive strategy adopted by leading players

Companies Mentioned

  • Baker Hughes Incorporated (a GE Company)

  • C&J Energy Services, Inc.

  • Calfrac Well Services Ltd.

  • TRICAN

  • Halliburton

  • Schlumberger Limited

  • Superior Energy Services, Inc.

  • Patterson-UTI Energy, Inc.

  • RPC, Inc.

Methodology

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