Attractive Opportunities for Players in Hydraulic Fracturing Market – Increasing Shale Exploration and Production Activities to Drive Hydraulic Fracturing Market from 2023 to 2028

DUBLIN, Nov. 17, 2023 /PRNewswire/ — The “Global 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 – Trends and Forecast to 2028” report has been added to  ResearchAndMarkets.com’s offering.

The global hydraulic fracturing market is estimated to grow from USD 52.1 Billion in 2023 to USD 74.4 Billion by 2028; it is expected to record a CAGR of 7.4% during the forecast period. The presence of large shale-proved reserves and increasing shale exploration and production activities globally will drive the hydraulic fracturing market in the forecasted period.

Shale Gas: The largest segment of the hydraulic fracturing market, by application

Based on application, the hydraulic fracturing market has been split into three types: shale gas, tight oil, and tight gas. Shale Gas holds the largest share of the hydraulic fracturing market. Natural gas that has been trapped inside shale formations is referred to as shale gas. Fine-grained sedimentary rocks called shale are potentially abundant sources of gas and oil. Shale gas is extracted via a procedure called hydraulic fracturing. There are a large number of shale reserves across the globe. The increasing demand for natural gas is attributed to driving the market of hydraulic fracturing for shale gas applications in the forecasted period.

Horizontal segment is expected to emerge as the largest segment based on well type.

By well type, the hydraulic fracturing market has been segmented into vertical and horizontal. For maximizing reservoir performance, horizontal wells employ a multi-directional drilling technique with inclinations exceeding 80. The powerful alliance of horizontal drilling and hydraulic fracturing has resulted in a remarkable surge in the rates of US crude oil, lease condensate, and natural gas production. This dynamic combination has revolutionized the energy industry by efficiently accessing hydrocarbon reserves and unlocking their potential, contributing significantly to the nation’s energy output and enhancing energy security.

By technology, the plug & perf segment is expected to be the largest market during the forecast period.

Based on technology, the hydraulic fracturing market is segmented into plug & perf and sliding sleeves. Plug & purf technology is expected to be the largest segment during the forecast period. Plug & Perf technology is a widely used method in hydraulic fracturing. It involves placing plugs in the wellbore at specific intervals and isolating sections for fracturing. High-pressure fluid is then pumped to fracture the rock, and once completed, the plugs are removed, allowing for the flow of oil or gas.

Market Dynamics

Drivers

Increasing Shale Exploration and Production Activities GloballyPresence of Large Shale-Proven Reserves GloballyIncreasing Shale Gas Drilling ActivitiesGrowing Demand for Hydraulic Fracturing Technology with Increasing Requirement for Energy

Restraints

High Water Usage and Environmental Concerns Associated with Hydraulic FracturingGrowing Concerns Regarding Seismic Activities due to Hydraulic FracturingLocal Ban and Suspensions on Hydraulic Fracturing

Opportunities

Foams’ Capability to Facilitate Waterless Fracking

Challenges

Health and Environmental Impacts of Fracking ChemicalsDisruptions in Hydraulic Fracturing Operations and Demand Shock

Trends/Disruptions Impacting Customer Business

Revenue Shifts and New Revenue Pockets for Providers of Hydraulic Fracturing

Key Topics Covered:

Executive Summary

Hydraulic Fracturing Market SnapshotHorizontal Segment to Dominate Hydraulic Fracturing Market, by Well Type, During Forecast PeriodPlug & Perf Segment to Hold Larger Size of Hydraulic Fracturing Market, by Technology, During Forecast PeriodNorth America Dominated Hydraulic Fracturing Market in 2022

Premium Insights

Attractive Opportunities for Players in Hydraulic Fracturing Market – Increasing Shale Exploration and Production Activities to Drive Hydraulic Fracturing Market from 2023 to 2028Hydraulic Fracturing Market, by Region – North America to Record Highest CAGR in Hydraulic Fracturing Market During Forecast PeriodHydraulic Fracturing Market, by Application – Shale Gas Segment Dominated Hydraulic Fracturing Market in 2022Hydraulic Fracturing Market, by Well Type – Horizontal Segment Accounted for a Larger Share of Hydraulic Fracturing Market in 2022Hydraulic Fracturing Market, by Technology – Plug & Perf Segment Dominated Hydraulic Fracturing Market in 2022North America: Hydraulic Fracturing Market, by Well Type & Country – Horizontal & US Dominated Hydraulic Fracturing Market in North America in 2022

Case Study Analysis

Optimization of Hydraulic Fracturing of High Pressure and High Temperature Tight Formations with Multistage Completion System

Companies Profiled

AFG HoldingsBaker HughesCalfrac Well Services GD Energy ProductsHalliburtonLiberty Oilfield ServicesNational Energy Services ReunitedNextier Oilfield SolutionsNine Energy ServicePatterson-UTI EnergyPetro Welt TechnologiesProfrac HoldingProPetro HoldingSLB (Schlumberger Limited)Step Energy ServicesTacromTAM InternationalTechnipFMCTricanWeatherford

For more information about this report visit https://www.researchandmarkets.com/r/uiasnv

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