Global Pressure Pumping Market Outlook - Market Analysis by Geography, Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 127 | Published By - Mordor Intelligence

Report Highlights

Global pressure pumping market is expected to reach $XX billion by 2022, up from $XX billion in 2014 with a CAGR of 15.2%. North America is leading the Pressure Pumping Market followed by Europe and Asia-Pacific.

Countries such as United States and China are expected to drive the market demand with Decent market opportunities exist in regions where the current exploration activity is at an all-time high such as The North Sea, The U.S. Gulf of Mexico, Offshore Northwest  Australia, Deep-water regions of West Africa, and in shale and tight formations in North America.

Pressure pumping services enhances the productivity of proven reserves, improves asset value, return on investment, and reservoir integrity. Over the last decade, the pressure pumping market has grown dramatically due to the advent of shale and other unconventional energy resources. Hydraulic fracturing is the crucial technology that has made these unconventional resources economically viable and is the most often used pressure pumping method across the world. Apart from hydraulic fracturing, cementing, acidizing and control services are also part of pressure pumping services.

Drivers

The requirement of pressure pumps is huge because of the complexity and unfavorable conditions for unconventional exploration and production which often going into deeper waters. Ever-rising energy demand, Rapidly Decreasing Reserves, and Increasing Investments in Exploration Activities, are driving the market.

Restraints

Public opposition to pressure pumping owing to Environmental Concerns (contamination of underground resources), Availability of water, Stringent Government Regulations, Eccentric Crude Oil Market, high initial investments, lack of skilled labor, and operational challenges such as harsh weather conditions are restraining the market from growth.

Opportunities

Waterless Fracking using foams provides the alternative to water in pressure pumping procedure. This process potentially eliminates all the infrastructure and complications posed by water.

This report exhaustively analyzes the Global pressure pumping market by segmenting it based on geography, by service Type (Hydraulic Fracturing, Cementing, and others), by well type (Horizontal and vertical) and resource type (Conventional and Unconventional) for North America. Estimates in each segment are provided for the next five years. Key drivers and restraints that are affecting the growth of this market were discussed in detail. The study also elucidates on the competitive landscape and key market players.
 

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