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Pulished Date February, 2020
ID: 9045
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Global Pressure Pumping Market Analysis – By Well Type (Land & Onshore), By Service Type (Remedial Cementing, Cementing Services, Hydraulics & Fracturing), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) – Industry Size, Share, Growth, Demand, Trends & Forecast | 2019 - 2024

Pulished: February, 2020
ID: 9045
Pages: 100

Pressure Pumping Market Size, Trends & Growth (2019 - 2024)

As per our recent research analysis, it is expected that the size of the Global Pressure Pumping Market was worth USD 83.65 billion in 2019 and is expected to register a CAGR of 4.1% from 2019 to 2024.

Pressure pumps are mainly used to propagate the resources from low permeability resources. These devices are not the same as regular drilling procedures as they can recover the most difficult tasks in extracting resources. The pressure pumping market is expected to grow at a CAGR of 3.6% during the forecast period.

Industry Growth Drivers

Increased activities in the production and exploration of unconventional shale gas, by which further operations will get coupled like sand controlling, enhanced oil recovery (EOR) services, cementing, and acidization. And the services of pressure pumping are implemented in the mature reservoirs which face the difficulty in extraction of oil are propelling the growth of the global pressure pumping market.

The rising demand for energy and surge for the recoverable explorations, resources, and productions is one of the significant factors for the growth of the global pressure pumping project. Also, increasing investments made by the major players in oil and gas companies on oil drilling activities is the factor that is fuelling the market.

Key Challenges

However, expensiveness in the initial installation process and the increasing number of drilled but uncompleted wells in various regions are hindering the growth of the global pressure pumping market.

And the factors like strict government regulations, concerns related to contamination of water, and earth seismic activity are some factors that are hampering the pressure pumping business. In addition, lack of labor who are trained or got skilled in managing the applications of pressure pumping technologies is lagging the growth of the market.

Growth Opportunities

The increasing shale gas basins & usage of unconventional sources are anticipated to create the opportunities for pressure pumping market during the forecast period.

Also, rising processes like waterless fracturing-foam, an alternative to hydraulic fracturing in which liquefied petroleum gas (LPG) which uses propane liquefied into a gel, are expected to create further opportunities for the market. In the waterless fracturing-foam, propane is inserted into a shale rock formation in the place of water, and this usage of propane does not block all path-ways. Therefore, more natural gas is released in this process. Moreover, this process will not emit poisonous toxins and underground radioactive chemicals to the surface. Even if it does come back to the surface, then it can have another usage or be used again for LPG. Due to the advantage of the usage of the waterless fracture-foam, its adoption is rising globally.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Well Type, Service Type & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

China Oilfield Services Ltd., Baker Hughes Incorporated, Weatherford International Limited, Schlumberger Limited, Premier Pressure Pumping, Halliburton Company, Universal and Weatherford International, Frontier Oilfield Services Inc., Superior Energy Services, Trican Well Services Limited, and Calfrac Well Services Ltd.

 

This research report on the Global Pressure Pumping Market has been segmented & sub-segmented into the following categories and analyzed market size & forecast for each segment until 2024.

Pressure Pumping Market – By Well Type

  • Land
  • Onshore

On the basis of well type, then the onshore segment is dominating with the highest shares of the market. Increasing depletion in onshore for extracting water at deeper levels is fueling the growth of the market.

Pressure Pumping Market – By Service Type

  • Remedial Cementing
  • Cementing Services
  • Hydraulics & Fracturing

On the basis of service type, the Remedial cementing type is gaining attention in holding the largest shares if the market. The increasing scale of large industries is outshining the growth of the market.  

Pressure Pumping Market – By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regionally, the market is segmented into Asia Pacific, North America, Europe, Middle East and Africa. North America and Europe are playing a vital role in holding the largest shares of the market. Increasing capital income in developed and developing countries is bolstering the demand of the market in these regions.

The Asia Pacific is growing at a higher rate from recent years and is also to continue with the same growth rate in the review period. Acceptance of the latest technologies and launch of various products in favor of the end user industries is escalating the growth of the market. The Middle East and Africa are anticipated to have inclined growth rate in near future.

Top Companies in the Pressure Pumping Market

Companies like the following China Oilfield Services Ltd., Baker Hughes Incorporated, Weatherford International Limited, Schlumberger Limited, Premier Pressure Pumping, Halliburton Company, Universal and Weatherford International, Frontier Oilfield Services Inc., Superior Energy Services, Trican Well Services Limited, and Calfrac Well Services Ltd are leading the Global Pressure Pumping market and profiled in this report.

 

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Econometric Modelling
      4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Well Type
      1. Land
      2. Onshore
      3. Y-o-Y Growth Analysis, By Well Type
      4. Market Attractiveness Analysis, By Well Type
      5. Market Share Analysis, By Well Type
    2. By Service Type
      1. Remedial Cementing
      2. Cementing Services
      3. Hydraulics & Fracturing
      4. Y-o-Y Growth Analysis, By Service Type
      5. Market Attractiveness Analysis, By Service Type
      6. Market Share Analysis, By Service Type
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Well Type
        3. By Service Type
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Well Type
        3. By Service Type
      5. Market Share Analysis       
        1. By Geographical Area
        2. By Well Type
        3. By Service Type
        4. North America
    2. North America
      1. US
      2. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. 3D Systems Corporation
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. China Oilfield Services Ltd
    3. Baker Hughes Incorporated
    4. Weatherford International Limited
    5. Schlumberger Limited
    6. Premier Pressure Pumping
    7. Halliburton Company
    8. Universal and Weatherford International
    9. Frontier Oilfield Services Inc
    10. Superior Energy Services
    11. Trican Well Services Limited
    12. Calfrac Well Services Ltd
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Pressure Pumping Market

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