About Hydraulic Fracturing Market
Hydraulic fracturing or fracking refers to the process of extracting oil and gas from underground geological formations and reserves (which are locked up in pours in vast layers of rocks; for instance, shale) by artificially stimulating the flow of hydrocarbons, predominantly, using a combination of vertical and horizontal structures of oil and gas wells. The spend momentum of this market will be attributed to the increase in the demand for liquid fuels which will boost the production of petroleum-based liquid fuels. Consequently, this boost will result in an increase in the demand for oil and gas well stimulation techniques, such as hydraulic fracturing to improve oil and gas production from existing reservoirs as well as for commencing production from new unconventional reservoirs, such as shale reserves.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Hydraulic Fracturing Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Hydraulic Fracturing Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Hydraulic fracturing or fracking refers to the process of extracting oil and gas from underground geological formations and reserves (which are locked up in pours in vast layers of rocks; for instance, shale) by artificially stimulating the flow of hydrocarbons, predominantly, using a combination of vertical and horizontal structures of oil and gas wells. The spend momentum of this market will be attributed to the increase in the demand for liquid fuels which will boost the production of petroleum-based liquid fuels. Consequently, this boost will result in an increase in the demand for oil and gas well stimulation techniques, such as hydraulic fracturing to improve oil and gas production from existing reservoirs as well as for commencing production from new unconventional reservoirs, such as shale reserves.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Hydraulic Fracturing Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Hydraulic Fracturing Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Increasingly favorable government policies toward hydraulic fracturing will drive demand in APAC
Category management strategy
- Assess the occupational hazard minimization mechanism of service providers
Procurement best practices
- Engage with suppliers that can swiftly provide contingency plans in case of service failure
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
PART 03: CATEGORY PRICING INSIGHTS
PART 04: COST-SAVING OPPORTUNITIES
PART 05: BEST PRACTICES
PART 06: CATEGORY ECOSYSTEM
PART 07: CATEGORY MANAGEMENT STRATEGY
PART 08: CATEGORY MANAGEMENT ENABLERS
PART 09: SUPPLIERS SELECTION
PART 10: SUPPLIERS UNDER COVERAGE
PART 11: US MARKET INSIGHTS
PART 12: CATEGORY DEFINITION
PART 13: APPENDIX
Executive Summary
The following companies as the key suppliers in the Global Hydraulic Fracturing Category - Procurement Market Intelligence Report: Schlumberger Ltd, Halliburton Co, Baker Hughes, a GE Co. LLC, FTS International Inc, C&J Energy Services Inc, Superior Energy Services Inc.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to engage with service providers who conduct preventive maintenance of fracking equipment.”
According to the report, one of the key growth contributors for the global hydraulic fracturing market is the gradual recovery in the demand growth pace of liquid fuels.
Further, the report states that one of the key category management strategies for the buyers in the global hydraulic fracturing market is to engage with service providers who can automate parts of the hydraulic fracturing process.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Schlumberger Ltd
- Halliburton Co
- Baker Hughes
- GE Co. LLC
- FTS International Inc
- C&J Energy Services Inc
- Superior Energy Services Inc.
Methodology
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