Hydraulic Fracturing Market Share, Size, Trends, Industry Analysis Report, By Well Type (Horizontal, Vertical); By Technology; By Application; By Region; Segment Forecast, 2023- 2032

Hydraulic Fracturing Market Share, Size, Trends, Industry Analysis Report, By Well Type (Horizontal, Vertical); By Technology; By Application; By Region; Segment Forecast, 2023- 2032



The global hydraulic fracturing market size is expected to reach USD 27.54 billion by 2032, according to a new study by Polaris Market Research. The report “Hydraulic Fracturing Market Share, Size, Trends, Industry Analysis Report, By Well Type (Horizontal, Vertical); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A common method for extracting natural gas and petroleum from the deposit is hydraulic fracturing. In principle, it works by injecting a high-viscosity liquid into the drilled well and maintaining high pressure at the well's bottom using a high-pressure pump on the ground. According to the 2017 Energy Information Administration Report, tight oil is expected to make up most of U.S. oil production through 2040. This will further create new growth potential for the hydraulic fracturing market throughout the study period.

There have been significant decreases in greenhouse gas emissions because of the recent revolution in energy output, which was sparked by the fast expansion of un-conventional gas & oil development in the U.S. Based on the article published in ExxonMobil, over the past 60 years, more than 1 million wells have used hydraulic fracturing at the global level. This trend is further boosting research and development activities in hydraulic fracturing operations.

Oil and gas flow from petroleum-bearing rock formations can be increased by using hydraulic fracturing, a well technique frequently utilised in low permeability rocks such as tight sand-stone, shale, & nearby coal beds. The rising demand for energy is stimulating the adoption of un-conventional energy resources like shale gas, tight oil, or tight gas. This will increase the adoption of hydraulic fracturing operations due to their effectiveness in extracting energy.

According to an official from OPEC, the demand for all types of energy is expected to increase by 23% globally through 2045. As a proxy for demand, the EIA predicts that total petroleum consumption in the US will increase by 100,000 bpd this year to 20.4 million bpd and by another 400,000 bpd in 2024 to 20.8 million bpd. This ongoing trend will contribute to the expansion of the hydraulic fracturing industry soon.

Hydraulic Fracturing Market Report Highlights

Horizontal segment is anticipated to witness the highest growth in the coming years due to its ability to extract more oil and gas.

Plug and perf segment accounted for the largest market share owing to its increased operational performance.

Shale gas segment held the largest share, due to the presence of higher shale gas reserves.

APAC held the largest share, owing to the existence of un-conventional energy resources in the region, primarily in China.

North America is expected to have the fastest growth owing to the increasing extraction activities of shale gas.

The global players include AFG Holdings, Baker Hughes, Calfrac Well Services, GD Energy Products, Halliburton, Nine Energy Services & ProPetro Holding.

Polaris Market Research has segmented the hydraulic fracturing market report based on type, technology, application and region:

Hydraulic Fracturing, Well Type Outlook (Revenue - USD Billion, 2019 - 2032)

Horizontal

Vertical

Hydraulic Fracturing, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

Plug & Perf

Sliding Slee

Hydraulic Fracturing, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Shale Gas

Tight Oil

Tight Gas

Hydraulic Fracturing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Hydraulic Fracturing Market Insights
4.1. Hydraulic Fracturing Market – Application Snapshot
4.2. Hydraulic Fracturing Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Technological Advancements
4.2.1.2. Increasing Energy Demand
4.2.2. Restraints and Challenges
4.2.2.1. Environmental Concerns
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Hydraulic Fracturing Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Hydraulic Fracturing Market, by Well Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
5.3. Horizontal
5.3.1. Global Hydraulic Fracturing Market, by Horizontal, by Region, 2019-2032 (USD Billion)
5.4. Vertical
5.4.1. Global Hydraulic Fracturing Market, by Vertical, by Region, 2019-2032 (USD Billion)
6. Global Hydraulic Fracturing Market, by Technology
6.1. Key Findings
6.2. Introduction
6.2.1. Global Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
6.3. Plug & Perf
6.3.1. Global Hydraulic Fracturing Market, by Plug & Perf, by Region, 2019-2032 (USD Billion)
6.4. Sliding Slee
6.4.1. Global Hydraulic Fracturing Market, by Sliding Slee, by Region, 2019-2032 (USD Billion)
7. Global Hydraulic Fracturing Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
7.3. Shale Gas
7.3.1. Global Hydraulic Fracturing Market, by Shale Gas, By Region, 2019-2032 (USD Billion)
7.4. Tight Oil
7.4.1. Global Hydraulic Fracturing Market, by Tight Oil, By Region, 2019-2032 (USD Billion)
7.5. Tight Gas
7.5.1. Global Hydraulic Fracturing Market, by Tight Gas, By Region, 2019-2032 (USD Billion)
8. Global Hydraulic Fracturing Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Hydraulic Fracturing Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Hydraulic Fracturing Market – North America
8.3.1. North America: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.3.2. North America: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.3.3. North America: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.3.4. Hydraulic Fracturing Market – U.S.
8.3.4.1. U.S.: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.3.5. Hydraulic Fracturing Market – Canada
8.3.5.1. Canada: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.3.5.3. Canada: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.4. Hydraulic Fracturing Market – Europe
8.4.1. Europe: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.4.2. Europe.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.4.3. Europe: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.4.4. Hydraulic Fracturing Market – UK
8.4.4.1. UK: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.4.4.2. UK.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.4.4.3. UK: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.4.5. Hydraulic Fracturing Market – France
8.4.5.1. France: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.4.5.2. France.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.4.5.3. France: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.4.6. Hydraulic Fracturing Market – Germany
8.4.6.1. Germany: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.4.6.3. Germany: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.4.7. Hydraulic Fracturing Market – Italy
8.4.7.1. Italy: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.4.7.3. Italy: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.4.8. Hydraulic Fracturing Market – Spain
8.4.8.1. Spain: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.4.8.3. Spain: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.4.9. Hydraulic Fracturing Market – Netherlands
8.4.9.1. Netherlands: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.4.10. Hydraulic Fracturing Market – Russia
8.4.10.1. Russia: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.4.10.3. Russia: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.5. Hydraulic Fracturing Market – Asia Pacific
8.5.1. Asia Pacific: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.5.4. Hydraulic Fracturing Market – China
8.5.4.1. China: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.5.4.2. China.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.5.4.3. China: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.5.5. Hydraulic Fracturing Market – India
8.5.5.1. India: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.5.5.2. India.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.5.5.3. India: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.5.6. Hydraulic Fracturing Market – Malaysia
8.5.6.1. Malaysia: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.5.7. Hydraulic Fracturing Market – Japan
8.5.7.1. Japan: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.5.7.3. Japan: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.5.8. Hydraulic Fracturing Market – Indonesia
8.5.8.1. Indonesia: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.5.9. Hydraulic Fracturing Market – South Korea
8.5.9.1. South Korea: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.6. Hydraulic Fracturing Market – Middle East & Africa
8.6.1. Middle East & Africa: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.6.4. Hydraulic Fracturing Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.6.5. Hydraulic Fracturing Market – UAE
8.6.5.1. UAE: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.6.5.3. UAE: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.6.6. Hydraulic Fracturing Market – Israel
8.6.6.1. Israel: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.6.6.3. Israel: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.6.7. Hydraulic Fracturing Market – South Africa
8.6.7.1. South Africa: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.7. Hydraulic Fracturing Market – Latin America
8.7.1. Latin America: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.7.2. Latin America.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.7.3. Latin America: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.7.4. Hydraulic Fracturing Market – Mexico
8.7.4.1. Mexico: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.7.5. Hydraulic Fracturing Market – Brazil
8.7.5.1. Brazil: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
8.7.6. Hydraulic Fracturing Market – Argentina
8.7.6.1. Argentina: Hydraulic Fracturing Market, by Well Type, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Hydraulic Fracturing Market, by Application, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Hydraulic Fracturing Market, by Technology, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. AFG Holdings
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Baker Hughes
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Calfrac Well Services
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. GD Energy Products
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Halliburton
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Liberty Oilfield Services
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. National Energy Services Reunited
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. NexTier Oilfield Solutions
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Nine Energy Service
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Patterson-UTI Energy
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Petro Welt Technologies
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. ProFrac Holding
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. ProPetro Holding
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Schlumberger
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. STEP Energy Services
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development
10.16. Tacrom
10.16.1. Company Overview
10.16.2. Financial Performance
10.16.3. Product Benchmarking
10.16.4. Recent Development
10.17. TAM International
10.17.1. Company Overview
10.17.2. Financial Performance
10.17.3. Product Benchmarking
10.17.4. Recent Development

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