Hydraulic Fracturing Market Growth, Industry Trends and Statistics by 2026 - PowerPoint PPT Presentation

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Hydraulic Fracturing Market Growth, Industry Trends and Statistics by 2026

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The hydraulic fracturing market is projected to reach USD 50.2 billion by 2026. The hydraulic fracturing market size will grow to USD 50.2 billion by 2026 from USD 34.8 billion in 2021, at a CAGR of 7.6% during the forecast period. The rising primary energy demand and increasing shale gas exploration & production activities in US is the driving factors for the hydraulic fracturing market, globally. – PowerPoint PPT presentation

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Title: Hydraulic Fracturing Market Growth, Industry Trends and Statistics by 2026


1
Hydraulic Fracturing Market by Well Type
(Horizontal Well, and Vertical Well), Technology
(Plug and Perf, and Sliding Sleeve), Application
(Shale gas, Tight Oil, and Tight gas), and Region
- Global Trends and Forecast to 2026
www.MarketsandMarkets.com
2
The hydraulic fracturing market is projected to
reach USD 50.2 billion by 2026. The hydraulic
fracturing market size will grow to  USD 50.2
billion by 2026 from USD 34.8 billion in 2021, at
a CAGR of 7.6 during the forecast period. The
rising primary energy demand and increasing shale
gas exploration production activities in US is
the driving factors for the hydraulic fracturing
market, globally View detailed Table of
Content here https//www.marketsandmarkets.com/
Market-Reports/hydraulic-fracturing-market-745.htm
l
3
The horizontal segment is expected to dominate
the hydraulic fracturing market, by well type,
during the forecast period. A horizontal well
requires a multi-directional drilling technique,
which generally drills with an inclination of
greater than 80 to enhance reservoir
performance. According to the EIA, 70.0 of shale
reserves are drilled horizontally in North
America. Hydraulic fracturing, along with
horizontal drilling, helps to increase crude oil
and natural gas production. This is expected to
drive the horizontal segment market during the
forecast period. Make an Inquiry
https//www.marketsandmarkets.com/Enquiry_Before_
BuyingNew.asp?id745

4
Browse gtgt 218 market data
tables 61 figures
230 pages and in-depth TOC on
Hydraulic Fracturing Market - Global Forecast to
2026 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
5
The shale gas segment is expected to be the
fastest-growing hydraulic fracturing market, by
application, during the forecast period.  The
shale gas segment, by application, is estimated
to grow at the fastest rate during the forecast
period. Shales are fine-grained sedimentary rocks
that can be rich sources of petroleum and natural
gas. Hydraulic fracturing is the process used to
extract shale gas. Deep holes are drilled into
the shale rock, followed by horizontal drilling,
as shale reserves are distributed horizontally
rather than vertically. The increasing demand for
natural gas is expected to drive the growth of
the hydraulic fracturing market for shale gas
applications. The demand in 2021 was 4.021 tcm,
up from 3.91 tcm in 2020. Furthermore, the
consumption of natural gas in the power sector of
the US is expected to reach 12.1 tcf by 2050, up
from 0.4 tcf (4) recorded in 2020. Such factors
propel the growth of shale gas segment in the
hydraulic fracturing market.
6
North America likely to emerge as the largest
hydraulic fracturing  market In this report,
the hydraulic fracturing market has been analyzed
for six regions, namely, North America, Latin
America, Europe, Asia Pacific, Middle East
Africa. According to the IEA, the US is
determined to become the net exporter of energy
by 2021 and to fulfill this objective oil
production is being increased across the nation.
Moreover, the US is the top explorer and producer
of shale oil and gas. The old oil gas fields in
the Permian Basin and Bakken Ford require the
hydraulic fracturing operations to enhance the
productivity of the wells. Thus, North America
dominated the hydraulic fracturing market during
the forecasted period. Speak to Analyst _at_
https//www.marketsandmarkets.com/speaktoanalystNe
w.asp?id745
7
  • Key players -
  • To enable an in-depth understanding of the
    competitive landscape, the report includes the
    profiles of some of the top players in the
    Hydraulic Fracturing Market market. These include
  • Halliburton (US),
  • Schlumberger (US),
  • Baker Hughes Company (US)
  • NexTier Oilfield Solutions (US),
  • Calfrac Well Services (Canada) and many more...
  • Buy Now -
  • https//www.marketsandmarkets.com/Purchase/purchas
    e_reportNew.asp?id745

8
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarkets
.com
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