Hydraulic Fracturing Market Demand, Indepth Analysis And Estimated Forecast Till 2026 | Fortune Busi

Hydraulic Fracturing Market Size, Share and Global Trend By Type(Ram Hydraulic Fracturing & Annular Hydraulic Fracturing),

By Application(Onshore & Offshore), and Geography Forecast till 2026 Sample PDF

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Published Date: Oct 2019

Region: Global

Report Format: PDF

Base Year: 2018

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Hydraulic Fracturing Market Size, Share and Global Trend By Type(Ram Hydraulic Fracturing & Annular Hydraulic Fracturing), By Application(Onshore & Offshore), and Geography Forecast till 2026 Report Highlights: The U.S. Energy Department states that nowadays, approximately 95% of newly drilled wells are hydraulically fractured. It accounts for almost half of the U.S. crude oil production and two-thirds of the total U.S. natural gas production. This information is present in a report by Fortune Business Insights, titled, “Hydraulic Fracturing Market Size, Share & Industry Analysis, By Well Type (Horizontal, and Vertical), By Technology (Plug & Perf, and Sliding Sleeve), and By Application (Onshore, and Offshore), Regional Forecast, 2019-2026.� According to the report, the global hydraulic fracturing market is projected to reach USD 71.72 Billion by 2026, thereby exhibiting a CAGR of 8.69% during the forecast period. However, the global market was valued at USD 37.23 Billion in 2018.

The report classifies and defines the global hydraulic fracturing market on the bases of well type, technology, geography, and application. It aids in identifying the tailwinds and headwinds for the global market. The report also strategically profiles the key market players and offers in-depth insights on the growth drivers, obstacles, opportunities, challenges, ongoing developments, and trends.

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Hydraulic Fracturing Market Size, Share and Global Trend By Type(Ram Hydraulic Fracturing & Annular Hydraulic Fracturing), By Application(Onshore & Offshore), and Geography Forecast till 2026

Offshore Segment to Grow Rapidly Owing to Numerous Unexplored Region In terms of application, the global hydraulic fracturing market is grouped into onshore and offshore. Out of these, the onshore hydraulic fracturing is likely to exhibit notable growth during the forecast period. It is likely to occur due to the competitive cost of onshore drilling operation and the availability of advanced technology. Hence, numerous government agencies, as well as organizations are investing huge sums in the development of onshore exploration activities. It is expected to continue throughout the forthcoming years due to reasonable operational accessibility. The report further mentions that offshore hydraulic fracturing is projected to have immense potential to grow in the coming years. Availability of hydrocarbon in abundance and the presence of several unexplored regions are two of the main factors that would propel growth of the offshore segment.

Ease of Operation to Increase Usage of Plug and Perf Technology Across the World On the bases of technology, the global hydraulic fracturing market is categorized into sliding sleeve and plug and perf.

Amongst these, the plug and perf sub-segment is anticipated to grow at a fast pace during the forecast period. Competitive cost and ease of operation are two of the most significant factors that would drive the segment in the coming years.

Moreover, it not only cuts down the production cost but also enables the performance of well for higher production. Because of all the above benefits, the plug and perf technology is commonly used across the world. But, the sliding sleeve technology segment is still undergoing research and development.

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Hydraulic Fracturing Market Size, Share and Global Trend By Type(Ram Hydraulic Fracturing & Annular Hydraulic Fracturing), By Application(Onshore & Offshore), and Geography Forecast till 2026

Top Players Mentioned: • Halliburton • Baker Hughes, a GE Company • Schlumberger • Weatherford • FTS International • BJ Services • Cudd Energy Services • ProPetro Holding Corp.

• Calfrac Well Services • Liberty Oilfield Services • Trican Well Services Ltd. • Basic Energy Services • Superior Energy Services • RockPile Energy Services Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/hydraulic-fracturing-marketFortune Business Insights Pvt Ltd. 100419

Hydraulic Fracturing Market Size, Share and Global Trend By Type(Ram Hydraulic Fracturing & Annular Hydraulic Fracturing), By Application(Onshore & Offshore), and Geography Forecast till 2026

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