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Hydraulic Fracturing Market Report 2021: Global Industry Share, Top Key Players, Regional Study

Author : univdatos
Publish Date : 2021-10-29 10:59:44
Hydraulic Fracturing Market Report 2021: Global Industry Share, Top Key Players, Regional Study

A comprehensive overview of the Global Hydraulic Fracturing Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the hydraulic fracturing market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Global Hydraulic Fracturing Market at regional and country levels. The global hydraulic fracturing market was stood around US$30 billion in 2020 and is expected to showcase robust growth of above 8% during the forecast period.

Market Overview

With increasing global demand of oil & gas which is extensively used in industries and vehicles resulted in the depletion of easily accessible reservoirs therefore companies operating in the market are focusing on shale and tight oil & gas reservoirs. For instance, in 2018, shale oil production increasing by around 29% in the Bakken, 40% in the Permian, and 15% in Eagle Ford fields in North America. Moreover, presence of large number of unconventional proved reserves along with large number of exploration and production activates is also propelling the demand. For instance, in US the shale gas proved reserves increased to 353.1 trillion cubic feet (TCF) in 2019 from 342.1 TCF in 2018. Owing to above mentioned factors, the demand of hydraulic fracturing technique is likely to grow during the forecast period.

COVID-19 Impact

During the Covid-19 pandemic in the early 2020, majority of the countries and region witnessed a country wide lockdown. This has impacted the overall demand for oil and gas. Countries had imposed shut down of manufacturing facilities to reduce the spread of Covid-19 which led to decline in demand of oil and gas. According to U.S. Energy Information Administration, a decline of almost 9% in the overall demand of oil and gas was witnessed globally in 2020 for the first time since the global recession of 2009. Therefore, with decreasing demand production reduced resulting in less hydraulic fracturing operation.

Global hydraulic fracturing market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Well Type, the market is primarily bifurcated into:

  • Horizontal Wells
  • Vertical Wells

Currently, Horizontal Wells category dominates the market, owing to it reduces to number of wells in the field to commercially produce it, owing to increasing urban population and ever-growing industrial sector.

By Technology, the market is mainly segmented into:

  • Plug and Perf
  • Sliding Sleeve

In 2020, xx dominated the market. However, immergence of xx technology is expected to witness high growth during the forecast period 2021-2027.

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By Application, the market is mainly segmented into:

  • Shale Gas
  • Tight Gas
  • Tight Oil

In 2020, shale gas dominated the market, owing to availability of ample of reserves of shale gas and large number operational activities in North America.

By Location, the market is mainly segmented into:

  • Onshore Wells
  • Offshore Wells

In 2020, Onshore Wells dominated the market. In 2020, out of 55,000 drilling well only 5% offshore wells were drilled across the globe which clearly shows onshore wells are dominating the market

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Global Hydraulic Fracturing Market Geographical Segmentation Includes:

  • North America (United States, Canada, Rest of North America)
  • Europe (Germany, UK, France, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
  • MEA (Saudi Arabia, UAE, Iran, Iraq, Kuwait, Rest of MEA)
  • Rest of the World

The major players targeting the market includes:

  • Halliburton Co.
  • Schlumberger Ltd.
  • Baker Hughes Co.
  • Nine Energy Services Ltd
  • Liberty Oilfield Services
  • NexTier Oilfield Solutions Inc.
  • Calfrac Well Services Ltd.
  • Trican Well Services Ltd.
  • Petro Welt Technologies AG
  • U.S. Well Services Inc.

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analyst sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global hydraulic fracturing market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and technological advancements in the global hydraulic fracturing market?
  • Which factors are influencing the global hydraulic fracturing market over the forecast period?
  • What are the global challenges, threats, and risks in the global hydraulic fracturing market?
  • Which factors are propelling and restraining the global hydraulic fracturing market?
  • What are the demanding global regions of the global hydraulic fracturing market?
  • What will be the market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

For more informative information, please visit us @ https://univdatos.com/report/hydraulic-fracturing-market/

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of hydraulic fracturing market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
  • Based on what factors are the key market players assessed in this report?
  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Players
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
  • the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter's Five Force analysis.

Category : business

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