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Global Pressure Pumping Market Trends, Estimation and Forecast | 2024

  • ID : 717928325  |  
  • Published : Oct-2017  |  
  • Region : Global  |  
  • Pages : 151   |  
  • Publisher : Esticast Research

The Global Pressure Pumping Market is expected to reach $314.14 Billion by 2024 and having a CAGR of 17.4% over the forecast period of 2017 to 2024.

Pressure pumping is a technique which is used for the extraction of resources from the low permeability and tough to breach reservoirs such as shale gas, tight gas and unconventional liquids. These resources are difficult to be recovered through the usual drilling processes. Pressure pumping includes propagation of fractures through the layers of rock using a pressurized fracturing fluid and pumping the cement into the well bore to complete it. This process involves the high-pressure injection of 'fracking fluid' (usually water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore in order to create cracks in the deep-rock formations through which resources such as natural gas, petroleum, and brine can flow freely. Pressure pump services are primarily provided by oilfield service companies to oil and gas companies. Hydraulic fracturing is the frequently used pressure pump service, globally. In addition to this, cementing services, sand control services and acidization, are also a part of the industry.

Exploration of unconventional resources such as shale gas, tight oil and oil sands, is complicated and time consuming. Moreover, these resources cannot be extracted by using conventional methods. Hence, improvised pressure pumping processes such as fracking is highly adopted for the efficient exploration of the deeper and tough to reach zones of the earth's crust. The growing demand of energy with the increase in investments in offshore and unconventional exploration and production activities is a driving agent for the global pressure pumping market. Rapidly decreasing reserves is also pushing the industry to move forward for improvised solutions. Increased drilling activities to pump oil from unconventional onshore fields is leading to a significant increase in the Pressure Pumping Market.

Pressure pumping is facing a lot of public opposition on environmental hazards caused by fracturing. Water usage, water contamination, and seismic activities are the most important concerns of pressure pumping. Due to these environmental concerns, the growth of the global market is diminished with a ban in many countries on hydraulic fracturing. Stringent government regulations, eccentric crude oil market, high initial investments, lack of skilled labor, and operational challenges such as harsh weather and unfavorable conditions are restraining the market from growth.

The significant depletion of matured oil fields has forced oil companies to focus towards drilling activities. The pressure pumping market will continue to grow at an increasing pace, as oil and gas operators continue to discover reserves in unconventional resources where pressure pumping is highly required. Moreover, the requirement to maintain and boost recovery rates from these unconventional resources has increased and will continue to do so, hence to maintain and boost production, pressure pumping will play a key role in the future of the unconventional oil and gas market. Geographical regions such as U.S., Gulf Mexico, China, Northwest- Australia, and Western parts of Africa are expected to emerge out as the new opportunities for pressure pumping technology.

The segmentation of the market is done on the basis of service type, well type, resource types and geography. According to Service type, the market is segmented as Hydraulic fracturing, Cementing and others. On the basis of well type, the market is segmented as horizontal and vertical. According to the resource type the market is segmented as Conventional and Unconventional. On the basis of geography the market is segmented as North America, Europe, Asia pacific and Rest of World.

Baker Hughes, Franc Tech Services International., Schlumberger Limited, China Oilfield Services Ltd, Halliburton Company, Superior Energy Services, National Oil well Varco, Saipan Spa, Weatherford International and Fluor are some major companies of Pressure Pumping Market.

PRESSURE PUMPING MARKET SEGMENTATION

By Service Type

• Hydraulic fracturing

• Cementing

• Other pressure pump services

By Well Type

• Horizontal

• Vertical

By Resource Type

• Conventional

• Unconventional

By Geography

North America

• Us

• Canada

• Mexico

Europe

• Germany

• France

• Italy

• UK

Asia-Pacific

• China

• India

• Japan

• Australia

Rest of World

• Latin America

• Middle East

• Africa

Pressure Pumping Market Key Players

• Baker Hughes,

• Franc Tech Services International.

• Schlumberger Limited

• China Oilfield Services Ltd

• Halliburton Company

• Superior Energy Services

• National Oil well Varco

• Saipan Spa

• Weatherford International

• Fluor

CHAPTER 1. INTRODUCTION

1.1. RESEARCH METHODOLOGY

1.1.1. Secondary research

1.1.2. Primary research

1.1.3. ERC data triangulation method

1.2. REPORT OVERVIEW

CHAPTER 2. MARKET OVERVIEW

2.1. VALUE CHAIN ANALYSIS

2.2. PORTERS FIVE FORCES MODEL

2.2.1. Low bargaining power of the suppliers

2.2.2. Moderate Bargaining power of buyers

2.2.3. Low threat of new entrants

2.2.4. Low threat of substitution

2.2.5. High intensity of rivalry

2.3. MARKET PLAYER POSITIONING

2.4. INVESTMENT OPPORTUNITIES

2.5. STRATEGIES AT A GLANCE

2.6. MARKET DETERMINANTS

2.6.1. Drivers

2.6.1.1. Increasing Demand of Energy

2.6.1.2. Rapid Depletion of Conventional Energy reserviors

2.6.1.3. Shifting Trend Towards Unconventional Reserviors

2.6.2. Restraints

2.6.2.1. High risk of environmental hazards

2.6.2.2. Extensive use of water and its contamination

2.6.2.3. High initial cost investment

2.6.3. Opportunities

2.6.3.1. Governemnt Initiatives

CHAPTER 3. GLOBAL PRESSURE PUMPING MARKET BY SERVICE TYPE

3.1. INTRODUCTION

3.2. GLOBAL PRESSURE PUMPING MARKET BY SERVICE TYPE

3.3. HYDRAULIC FRACTURING

3.3.1. Current trends

3.3.2. Growth and opportunities

3.3.3. Global hydraulic fracturing pressure pumping market revenue by region, 2016-2024

3.4. CEMENTING

3.4.1. Current trends

3.4.2. Opportunities

3.4.3. Global cementing services market revenue by region, 2016-2024

3.5. OTHER PRESSURE PUMPING SERVICES

3.5.1. Current trends

3.5.2. Opportunities

3.5.3. Global other pressure pumping services market revenue by region, 2016-2024

CHAPTER 4. GLOBAL PRESSURE PUMPING MARKET BY WELL TYPE

4.1. INTRODUCTION

4.2. GLOBAL PRESSURE PUMPING MARKET BY WELL TYPE

4.3. HORIZONTAL WELLS

4.3.1. Market Trends

4.3.2. Opportunities

4.3.3. Global horizontal wells pressure pumping market revenue by region, 2016-2024

4.4. VERTICAL WELL

4.4.1. Current trends

4.4.2. Opportunites

4.4.3. Global vertical wells pressure pumping market revenue by region, 2016-2024

CHAPTER 5. GLOBAL PRESSURE PUMPING MARKET BY RESOURCE TYPE

5.1. INTRODUCTION

5.2. GLOBAL PRESSURE PUMPING MARKET BY RESOURCE TYPE

5.3. CONVENTIONAL

5.3.1. Current trends

5.3.2. Opportunities

5.3.3. Global conventional pressure pumping market revenue by region, 2016-2024

5.4. UNCONVENTIONAL

5.4.1. Market trends

5.4.2. Opportunities

5.4.3. Global unconventional pressure pumping market revenue by region, 2016-2024

CHAPTER 6. GLOBAL PRESSURE PUMPING MARKET BY GEOGRAPHY

6.1. INTRODUCTION

6.2. GLOBAL PRESSURE PUMPING MARKET BY GEOGRAPHY

6.3. NORTH AMERICA

6.3.1. current Market trends

6.3.2. Growth and Opportunities

6.3.3. North America pressure pumping market revenue by service type, 2016-2024

6.3.4. North America pressure pumping market revenue by well type, 2016-2024

6.3.5. North America pressure pumping market revenue by resource type, 2016-2024

6.4. EUROPE

6.4.1. Current Market Trends

6.4.2. Growth and Opportunities

6.4.3. Europe pressure pumping market revenue by service type, 2016-2024

6.4.4. Europe pressure pumping market revenue by well type, 2016-2024

6.4.5. Europe pressure pumping market revenue by resource type, 2016-2024

6.5. ASIA PACIFIC

6.5.1. Current Market trends

6.5.2. Growth and Opportunities

6.5.3. Pressure pumping market revenue by service type, 2016-2024

6.5.4. Asia pacific pressure pumping market revenue by well type, 2016-2024

6.5.5. Asia pacific pressure pumping market revenue by resource type, 2016-2024

6.6. REST OF THE WORLD

6.6.1. Current Market trends

6.6.2. Growth and opportunities

6.6.3. ROW pressure pumping market revenue by service type, 2016-2024

6.6.4. ROW pressure pumping market revenue by well type, 2016-2024

6.6.5. ROW pressure pumping market revenue by resource type, 2016-2024

CHAPTER 7. COMPANY PROFILES

7.1. BAKER HUGHES

7.1.1. Company Overview

7.1.2. Company Snapshot

7.1.3. Business Overview

7.1.4. Strategic Attempts

7.2. FRAC TECH SERVICES INTERNATIONAL

7.2.1. Company Overview

7.2.2. Company Snapshot

7.2.3. Business Overview

7.2.4. Strategic Attempts

7.3. SCHLUMBERGER LIMITED

7.3.1. Company Overview

7.3.2. Company Snapshot

7.3.3. Business Overview

7.3.4. Strategic Attempts

7.4. CHINA OILFIELD SERVICES LTD.

7.4.1. Company Overview

7.4.2. Company Snapshot

7.4.3. Business Overview

7.4.4. Strategic Attempts

7.5. HALLIBURTON

7.5.1. Company Overview

7.5.2. Company Snapshot

7.5.3. Business Overview

7.5.4. Strategic Attempts

7.6. SUPERIOR ENERGY SERVICES

7.6.1. Company Overview

7.6.2. Company Snapshot

7.6.3. Business Overview

7.6.4. Strategic Attempts

7.7. NATIONAL OILWELL VARCO

7.7.1. Company Overview

7.7.2. Company Snapshot

7.7.3. Strategic Attempts

7.8. SAIPEM S.P.A

7.8.1. Company Overview

7.8.2. Company Snapshot

7.8.3. Business Overview

7.8.4. Strategic Attempts

7.9. WEATHERFORD INTERNATIONAL

7.9.1. Company Overview

7.9.2. Company Snapshot

7.9.3. Business Overview

7.9.4. Strategic Attempts

7.10. FLUOR CORPORATION

7.10.1. Company Overview

7.10.2. Company Snapshot

7.10.3. Business Overview

7.10.4. Strategic Attempts

TABLE NO 1. GLOBAL PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

TABLE NO 2. GLOBAL HYDRALIC FRACTURING PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

TABLE NO 3. GLOBAL CEMENTING PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

TABLE NO 4. GLOBAL OTHER PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

TABLE NO 5. GLOBAL PRESSURE PUMPING MARKET BY WELL TYPE, 2016-2024 ($BILLION)

TABLE NO 6. GLOBAL HORIZONTAL WELLS PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

TABLE NO 7. GLOBAL VERTICAL WELLS PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

TABLE NO 8. GLOBAL PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

TABLE NO 9. GLOBAL CONVENTIONAL PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

TABLE NO 10. GLOBAL UNCONVENTIONAL PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

TABLE NO 11. GLOBAL PRESSURE PUMPING MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($BILLION)

TABLE NO 12. NORTH AMERICA PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

TABLE NO 13. NORTH AMERICA PRESSURE PUMPING MARKET REVENUE BY WELL TYPE, 2016-2024 ($BILLION)

TABLE NO 14. NORTH AMERICA PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

TABLE NO 15. EUROPE PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

TABLE NO 16. EUROPE PRESSURE PUMPING MARKET REVENUE BY WELL TYPE, 2016-2024 ($BILLION)

TABLE NO 17. EUROPE PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

TABLE NO 18. ASIA PACIFIC PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

TABLE NO 19. ASIA PACIFIC PRESSURE PUMPING MARKET REVENUE BY WELL TYPE, 2016-2024 ($BILLION)

TABLE NO 20. ASIA PACIFIC PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

TABLE NO 21. ROW PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

TABLE NO 22. ROW PRESSURE PUMPING MARKET REVENUE BY WELL TYPE, 2016-2024 ($BILLION)

TABLE NO 23 ROW PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

FIGURE NO 1. VALUE CHAIN ANALYSIS

FIGURE NO 2. PORTERS FIVE FORCES MODEL

FIGURE NO 3. MARKET PLAYER POSITIONING

FIGURE NO 4. INVESTMENT POCKETS

FIGURE NO 5. KEY STRATEGIES ADOPTED BY COMPANIES

FIGURE NO 6. MARKET DETERMINANTS - IMPACT ANALYSIS

FIGURE NO 7. GLOBAL PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

FIGURE NO 8. GLOBAL HYDRALIC FRACTURING PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

FIGURE NO 9. GLOBAL CEMENTING PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

FIGURE NO 10. GLOBAL OTHER PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

FIGURE NO 11. GLOBAL PRESSURE PUMPING MARKET BY WELL TYPE, 2016-2024 ($BILLION)

FIGURE NO 12. GLOBAL HORIZONTAL WELLS PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

FIGURE NO 13. GLOBAL VERTICAL WELLS PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

FIGURE NO 14. GLOBAL PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

FIGURE NO 15. GLOBAL CONVENTIONAL PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

FIGURE NO 16. GLOBAL UNCONVENTIONAL PRESSURE PUMPING MARKET REVENUE BY REGION, 2016-2024 ($BILLION)

FIGURE NO 17. GLOBAL PRESSURE PUMPING MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($BILLION)

FIGURE NO 18. NORTH AMERICA PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

FIGURE NO 19. NORTH AMERICA PRESSURE PUMPING MARKET REVENUE BY WELL TYPE, 2016-2024 ($BILLION)

FIGURE NO 20. NORTH AMERICA PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

FIGURE NO 21. EUROPE PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

FIGURE NO 22. EUROPE PRESSURE PUMPING MARKET REVENUE BY WELL TYPE, 2016-2024 ($BILLION)

FIGURE NO 23. EUROPE PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

FIGURE NO 24. ASIA PACIFIC PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

FIGURE NO 25. ASIA PACIFIC PRESSURE PUMPING MARKET REVENUE BY WELL TYPE, 2016-2024 ($BILLION)

FIGURE NO 26. ASIA PACIFIC PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

FIGURE NO 27. ROW PRESSURE PUMPING MARKET REVENUE BY SERVICE TYPE, 2016-2024 ($BILLION)

FIGURE NO 28. ROW PRESSURE PUMPING MARKET REVENUE BY WELL TYPE, 2016-2024 ($BILLION)

FIGURE NO 29. ROW PRESSURE PUMPING MARKET REVENUE BY RESOURCE TYPE, 2016-2024 ($BILLION)

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