Global Hydraulic Fracturing Market Forecasts to 2024 by Well, Fluid and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 21, 2019--
The “Hydraulic Fracturing Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The market for hydraulic fracturing is expected to grow at a CAGR of approximately 8.55% during the forecast period of 2019-2024.
The increasing unavailability of easy oil, growing demand for longer lateral services, and the stabilizing rate of drilled but uncompleted (DUC) well inventory are some of the factors driving the hydraulic fracturing market. On the flip side, environmental concerns and lack of capital market & incentives are restraining the market growth.
Horizontal well type is expected to be the fastest growing well type. The majority of the wells active in the Permian Basin are horizontal wells (more than 2,000). As of April 2019, the total number of drilled wells in the Permian basin reached 555, repressing an increase of around 4.7% compared to the previous year value in the same month.
The economic viability of using CO2 and nitrogen-based foam fluids, capable of providing waterless fracking, presents a growth opportunity for the companies. North America to dominate the market across the globe in the future, with the majority of the demand coming from the US and Canada.
Key Market Trends
Horizontal Wells to Register Highest Growth Rate
North America to Dominate the Market
The global hydraulic fracturing market is fragmented. The major companies include Schlumberger Limited, Baker Hughes a GE Co., Basic Energy Services, C&J Energy Services, and Calfrac Well Services Ltd.
Key Topics Covered
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.2 Recent Trends and Developments
4.3 Government Policies and Regulations
4.4 Market Dynamics
4.5 Supply Chain Analysis
4.6 Porter’s Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes Products and Services
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Well Type
5.2 Fluid Type
5.2.1 Slick Water-based Fluid
5.2.2 Foam-based Fluid
5.2.3 Gelled Oil-based Fluid
5.2.4 Other Base Fluids
5.3.2 North America
5.3.4 South America
5.3.5 Middle-East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Archer Well Company Inc.
6.3.2 Baker Hughes a GE Co.
6.3.3 Basic Energy Services
6.3.4 C&J Energy Services Inc.
6.3.5 Calfrac Well Services Ltd
6.3.6 FTS International Services
6.3.7 Halliburton Company
6.3.8 Patterson (Seventy Seven)
6.3.9 RPC Inc. (Cudd Pumping)
6.3.10 Schlumberger Limited
6.3.11 Liberty Oilfield Services
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/m852xd
View source version on businesswire.com:https://www.businesswire.com/news/home/20191121005686/en/
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INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: Research and Markets
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PUB: 11/21/2019 10:46 AM/DISC: 11/21/2019 10:46 AM