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Growth of Frac Services Market to be Impacted by Adoption of Supercritical Carbon Dioxide in Fracking | Technavio

November 20, 2019
Growth of Frac Services Market to be Impacted by Adoption of Supercritical Carbon Dioxide in Fracking | Technavio
Growth of Frac Services Market to be Impacted by Adoption of Supercritical Carbon Dioxide in Fracking | Technavio

LONDON--(BUSINESS WIRE)--Nov 20, 2019--

The report, global frac services market has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on application and geography for the forecast period 2019-2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191120005768/en/

Technavio has announced its latest market research report titled global frac services market 2019-2023. (Graphic: Business Wire)

To learn more about the global trends impacting the future of market research: Download Free Sample Report

This report on the frac services market includes:

Frac services market analysis and forecast 2019-2023: Features

Frac Services Market 2019-2023: Competitive Landscape

Frac Services Market 2019-2023: Geographic Landscape

Frac Services Market 2019-2023: Application

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Rising investments in shale oil and gas will drive the frac services market

Shale oil and gas production has increased, particularly in the US, over the last decade and large investments are being redirected toward adopting the hydraulic fracturing process for unconventional oil and gas production. Shale is a low permeability sedimentary rock formation, which contains oil and gas trapped inside it. The hydraulic fracturing process is used to harness oil and gas from shale rocks. Pressure is applied on the rock formations by using a combination of water, sand, detergents, and other stimulation fluids to fracture the rock and permit the oil and gas to rise to the surface, where it is collected for processing. The US is the largest producer of shale oil and gas in the world.

Adoption of supercritical carbon dioxide in fracking – An emerging trend in the frac services market

The adoption of supercritical carbon dioxide in fracking is one of the major trends being witnessed in the global frac services market. Supercritical CO2 has been introduced as a replacement for water in the entire fracking process. One of the major advantages offered by supercritical CO2 is reduced dependency on water for the operation. In addition, CO2 can be easily captured and reused for the process, and it is more efficient in fracturing the rock. This helps in making the whole process more efficient and it also helps conserve water.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

MARKET SIZING

Get Full Report: https://www.technavio.com/report/global-frac-services-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

Market Trends

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005768/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY UTILITIES OIL/GAS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/20/2019 05:00 PM/DISC: 11/20/2019 05:00 PM

http://www.businesswire.com/news/home/20191120005768/en