Global Frac Plugs Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Frac Plugs Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Frac Plugs is a device used to isolate zones in wells during plug-and-perf operations.

According to our (Global Info Research) latest study, the global Frac Plugs market size was valued at US$ 356 million in 2023 and is forecast to a readjusted size of USD 480 million by 2030 with a CAGR of 4.4% during review period.

Global Frac Plugs key players include Downhole Technology, BHGE, Schlumberger, Halliburton, Forum Energy Technologies, etc. Global top five manufacturers hold a share about 40%.

North America is the largest market, with a share over 45%, followed by Europe, and Asia-Pacific, both have a share about 35 percent.

In terms of product, Composite Plugs is the largest segment, with a share over 60%. And in terms of application, the largest application is Horizontal Well, followed by Vertical Well.

This report is a detailed and comprehensive analysis for global Frac Plugs market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Frac Plugs market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2019-2030

Global Frac Plugs market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2019-2030

Global Frac Plugs market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2019-2030

Global Frac Plugs market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Frac Plugs

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Frac Plugs market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SLB, Halliburton, Baker Hughes, WellBoss, Innovex, Forum Energy Technologies, NOV, Nine Energy Service, Weatherford, Sinopec, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Frac Plugs market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Composite Plugs
Dissolvable Plugs
Cast Iron Plugs

Market segment by Application
Vertical Wells
Horizontal Wells

Major players covered
SLB
Halliburton
Baker Hughes
WellBoss
Innovex
Forum Energy Technologies
NOV
Nine Energy Service
Weatherford
Sinopec
CNPC
Peak Completion
SPT Energy
Kureha

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Frac Plugs product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Frac Plugs, with price, sales quantity, revenue, and global market share of Frac Plugs from 2019 to 2024.

Chapter 3, the Frac Plugs competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Frac Plugs breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Frac Plugs market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Frac Plugs.

Chapter 14 and 15, to describe Frac Plugs sales channel, distributors, customers, research findings and conclusion.