Global Pressure Pumping Service Market to grow substantially through 2023

November 25, 2019


According to the research report titled ‘Global Pressure Pumping Service Market: Analysis By Application (Hydraulic Fracturing, Cementing, Others), Well Type (Horizontal, Vertical, Directional), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)’ available with Market Study Report LLC, the global pressure pumping service market is expected to grow substantially during the period of 2018-2023.
 

Growing well completion activities across shale sector like cementing and hydraulic fracturing are driving the growth of the global pressure pumping service market. Surging price trends and increasing demand of hydrocarbons is encouraging the global players to develop and invest in shale reserves, which is further contributing towards the expansion of pressure pumping service market. Moreover, increasing fracturing activities to effectively utilize shale oil & gas reserves will also boost the market growth.
 

Based on application, pressure pumping service market is divided into cementing, hydraulic, and others. While as well type, the market is fragmented into vertical, horizontal, and directional.
 

Considering the geographical locations, the global pressure pumping service market is divided into regions namely, South America, North America, APAC and rest of the world, with key focus on countries which include Canada, US, Argentina, Mexico, Brazil, Australia, China, Saudi Arabia, Russia, and Alegria.
 

The report cites that North America pressure pumping service market held the largest regional share in 2017, owing to various cementing and hydraulic fracturing activities conducted in United States. However, Asia-Pacific market is expected to grow substantially over the forecast period, due to high demand for hydrocarbons in the region, and presence of numerous shale reserves in Australia and China.
 

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The key players in the global pressure pumping service market are Baker Hughes, Halliburton, FTSI, Schlumberger, National Oil Varco, Calfrac, Patterson-UTI, RPC Inc., Liberty Oilfield Services, and B.J Services.
 

The research report on pressure pumping service market is focused on product and market development strategies which facilitates entrepreneurs to evaluate their investments thoroughly. The competitive landscape of the market is based on product benchmarking, Porter’s Five Force analysis, and SWOT analysis while offering thorough insight  about leading market players through their company profiles.  
 

 

 


Frequently Asked Questions (FAQ) :

Growing well completion activities across shale sector like cementing and hydraulic fracturing are driving the growth of the global pressure pumping service market. Surging price trends and increasing demand of hydrocarbons is encouraging the global players to develop and invest in shale reserves, which is further contributing towards the expansion of pressure pumping service market. Moreover, increasing fracturing activities to effectively utilize shale oil & gas reserves will also boost the market growth.
Based on application, pressure pumping service market is divided into cementing, hydraulic, and other segments, while as per the well type, the market is fragmented into vertical, horizontal, and directional.
North America pressure pumping service market held the largest regional share in 2017, owing to various cementing and hydraulic fracturing activities conducted in United States. However, Asia-Pacific market is expected to grow substantially over the forecast period, due to high demand for hydrocarbons in the region, and presence of numerous shale reserves in Australia and China.
The key players in the global pressure pumping service market are Baker Hughes, Halliburton, FTSI, Schlumberger, National Oil Varco, Calfrac, Patterson-UTI, RPC Inc., Liberty Oilfield Services, and B.J Services.