North America Pressure Pumping Market

North America Pressure Pumping Market Analysis (2020 - 2025)

In North America, the size of the Pressure Pumping Market is expected to grow at the highest CAGR during the forecast period of 2020 – 2025.

Pressure pumping is a good stimulation technique where rocks are fractured at high pressures. The pressurized liquid is used for the propagate fractures through layers of rock. Once the task is completed in extracting the water or other fuels, it will pump the cement into the wellbore. 

Drivers, Challenges & Opportunities of the North America Pressure Pumping Market

Decreasing the level of water in the underground is mainly fueling the demand of the market extensively. In addition, the rise in the demand from the oil & gas companies to improve their productivity is accelerating the demand of the market.

However, the high cost for installation and maintenance of the equipment is slightly declining the growth of the regional market. Rapid changes in economic strategies may also impact negatively on the growth of the market.

Growing prevalence for the adoption of the latest technologies and the launch of innovative devices is solely to develop growth opportunities for the market. Furthermore, the market is escalated by rising investments in the end-user industries by the government.

This research report has been segmented & sub-segmented into the following categories:

• By Type: Hydraulic Fracturing and Cementing

• By Resource Type: Conventional and Unconventional

• By Well Type: Horizontal and Vertical

• By Country: the United States, Canada and Rest of North America

On the basis of type, Hydraulic fracturing is witnessed in dominating the highest shares of the market. Increasing production of crude oil is ascribed to bolster the demand for the market.

On the basis of resource type, the Conventional type is gaining attention to lead the highest shares of the market. Rise in transportation in every country is fueling the growth of the market.

On the basis of well type, the Horizontal well type is leading with the highest shares of the market. The growing availability of skilled labor is boosting up the demand of the market.

Regionally, the market is led by North America by owing to the quick acceptance of advanced techniques. Also, increasing capital income in both developed and developing countries is prompting the demand of the market to the extent. The growing number of applications in the onshore is gearing up the growth rate of the market.

Top companies in the North American Pressure Pumping Market are Halliburton (U.S.), Weatherford (Switzerland), Schlumberger (U.S.), and Baker Hughes (U.S.).