Global Hydraulic Fracturing Market Growth (Status and Outlook) 2023-2029

Global Hydraulic Fracturing Market Growth (Status and Outlook) 2023-2029

Hydraulic fracturing is a well stimulation technique in which rock is fractured by a pressurized liquid. The process involves the high-pressure injection of 'fracking fluid' (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open.

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

This Insight Report provides a comprehensive analysis of the global Hydraulic Fracturing 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 Hydraulic Fracturing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydraulic Fracturing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydraulic Fracturing 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 Hydraulic Fracturing.

The global Hydraulic Fracturing market size is projected to grow from US$ 61570 million in 2022 to US$ 98550 million in 2029; it is expected to grow at a CAGR of 7.0% from 2023 to 2029.

China is expected to exponentially increase its shale gas production by 2018, which in turn is expected to drive the hydraulic fracturing market in the Asian region. Other countries are also expected to drive their shale gas production in the future to enhance their economic growth.

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

Market Segmentation:

Segmentation by type
Horizontal Wells
Vertical Wells

Segmentation by application
Residents
Industrial
Electric Power

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.
GE(Baker Hughes)
Calfrac Well
Fts International
Halliburton
Nabors Industries
Patterson-Uti Energy
RPC
Schlumberger Limited
Tacrom Services
Trican Well Service
United Oilfield Services
Superior Well Services

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