Title: Global Pressure Pumping Market Analysis, Size, Share, Development, Growth & Demand Forecast 2018 -2027
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2Global Pressure Pumping Market Research Report -
Forecast to 2027
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2027
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3 Pressure Pumping Market - 2027
Global Pressure Pumping Market Information
Report by Well Type (Land and Offshore), by
Services (cementing, hydraulics and fracturing)
And by Region - Forecast to 2027
Global Pressure Pumping Market -
Overview Pressure pumping is a propagation of
fractures through layers of rock using
pressurized fracturing fluid and pumping the
cement into the well bore to complete it. It is
primarily used to extract resources from low
permeability reservoirs such as shale gas, and
unconventional liquids, which are difficult to
recover through regular drilling
procedures. According to a recent study report
published by the Market Research Future, The
global market of Pressure Pumping is booming and
expected to gain prominence over the forecast
period. The global Pressure Pumping market is
forecasted to demonstrate an exponential growth
by 2027, surpassing its previous growth records
in terms of value with a whooping, CAGR during
the estimated period (2017 2027). New oil
reserve discoveries increase the drilling and
exploration activities in coming years which
upsurge the demand for the market. For
example, in Liberia, Exxon Mobile Corporation is
planning to start oil drilling in its recently
found oil reserves by 2018. Moreover, global
increasing demand for energy cross the globe has
resulted in rapid increase in the offshore
drilling activities to meet the increasing
demand, which ultimately has provided significant
boost to the Pressure Pumping market. However,
stringent government regulation as well as high
installation cost of pressure pumping systems are
the factors may hinder the market growth of the
market.
4 Pressure Pumping Market - 2027
- Segments
- The Pressure pumping market has been segmented
on the basis of Well Type as Land and Offshore.
On the basis of Services the market has been
segmented as cementing, hydraulics and
fracturing.Intended AudiencePressure pumping
Contractors - Pressure pumping Suppliers
- Research and Development (RD) Companies
- Regional Analysis of Pressure Pumping Market
- North America is the leading region in this
market mainly due to large number of major
contractors and Companies in this region. North
America is poised to growth at a significant pace
with the existing competition in the market and
heavy investments in RD for technological
development.Key Players - Some of the key players in the Pressure Pumping
market are Weatherford International, China
Oilfield Services Ltd., Halliburton Company,
Saipem S.p.A., Schlumberger Limited, Baker Hughes
and Superior Energy Services - .
5 Pressure Pumping Market - 2027
- Global Pressure Pumping Market - Competitive
Analysis - Global Pressure Pumping Market appears to be
highly fragmented and competitive owning to the
presence of numerous large and medium players
active in regional market. The key strategies
traced from the analysis of recent developments
of the key players include Product Launch,
Agreement Partnership, Acquisition and
expansion. Strategic partnerships between Key
players support the growth and expansion plans of
the key players during the forecast period. On
the product and sales side, companies are
investing in innovation/RD, brand building, and
fostering strong relationships with customers to
support their competitive position. - Manufacturers operating in the market strive to
deliver innovative solutions that improve the
design and manufacturing processes of business
around the world. Focusing upon the competitive
edge, Pressure Pumping equipment manufacturers
strive to develop products that can deliver
optimal efficient, convenience and reliability.
Utilizing their international and regional
presence, these manufacturers assure their
customers with the consistency in product
service quality. Manufacturers strive to develop
their product portfolio with a wide range of
Pressure Pumping for every application. - Industry News
- In January 2016, Trican Well Service Ltd announce
that it has entered into a definitive agreement
with Keane Group, a privately-held, U.S. based
well completion services company for the sale of
Trican's United States pressure pumping business.
The agreed purchase price for the disposition is
USD 200 million, or CDN 285 million. - In March 2017, Trican and Canyon to combine to
create premier canadian pressure pumping company
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