Global E-Frac Market Growth (Status and Outlook) 2023-2029

Global E-Frac Market Growth (Status and Outlook) 2023-2029

Electric fracking, or e-frac, is getting a lot of press these days. It replaces a traditional frac trailer's engine and transmission with an electric motor and electronic controls, which are powered by an electrical source — usually a gas turbine. One turbine can power eight to 10 trailers.

LPI (LP Information)' newest research report, the “E-Frac Industry Forecast” looks at past sales and reviews total world E-Frac sales in 2022, providing a comprehensive analysis by region and market sector of projected E-Frac sales for 2023 through 2029. With E-Frac sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world E-Frac industry.

This Insight Report provides a comprehensive analysis of the global E-Frac landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on E-Frac portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global E-Frac market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for E-Frac and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global E-Frac.

The global E-Frac market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for E-Frac is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for E-Frac is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for E-Frac is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key E-Frac players cover Liberty Oilfield Services, ProFrac, NOV, Evolution Well Services, Schlumberger, Ideal Electric, Halliburton, NexTier and TOPS Well Services, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of E-Frac market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Electric Pumping Unit
Tech Command Center (TCC)
Wireline Unit
Ancillary Equipment
Other

Segmentation by application
Shale Oil
Conventional Oil

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Liberty Oilfield Services
ProFrac
NOV
Evolution Well Services
Schlumberger
Ideal Electric
Halliburton
NexTier
TOPS Well Services
SPM Oil & Gas
Baker Hughes
Weir Oil & Gas
KCF Technologies

Please note: The report will take approximately 2 business days to prepare and deliver.