DUBLIN, Jan. 26, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/pm42b7/hydraulic) has announced the addition of the "Hydraulic Fracturing Market by Geography & by Well Type and Shale Play in the U.S. - Global Trends and Forecast to 2014 - 2019" report to their offering.
Hydraulic fracturing, also known as fracking, is a technique to generate oil and gas from wells with low permeability. This is a service provided by oilfield service companies to the oil and natural gas companies. In this report the market is analyzed on the basis of hydraulic horse power supplied by oilfield service companies to the hydraulic fracturing market. The Asia-Pacific and Middle East markets are still in state of infancy and hence there are growth prospects for the hydraulic fracturing market. While the North American market is near its maturity and the movement in the market will be subjected to competition mainly.
Though it is being said about Asia-Pacific and Middle East market that the growth lies in these regions, it is subject to many reasons, such as environmental objections and subsequent ban on hydraulic fracturing in few countries is an important hurdle for the growth of this market. Research and development in the field of water usage, water treatment, and seismic disturbances is expected to accelerate the growth of this market in these regions.
Potential increase in the recoverable resources and production is the most important driver for the fracking market. This technique is used in recovery of both oil and natural gas but is predominantly used in recovery of unconventional gas. Now-a-days natural gas is called as transitional fuel for being the chain between conventional resources and renewable energy. This proves an advantage to the international natural gas market and hence to the hydraulic fracturing market.
If countries across the world permit the use of this technique then the recovery of resources is expected to increase. Hence hydraulic fracturing will prove beneficial for the developing countries such as India, China, and Australia. As the energy demand in these countries is increasing, fulfilling this demand will enhance their growth prospects. This is the driver for pressure pumping market.
The hydraulic fracturing market has been witnessing high growth, due to the increase in shale gas exploration and development activities. The report categorizes the hydraulic fracturing market, by region, by U.S. shale, and by well types for the U.S. shale plays, which are categorized into horizontal and vertical wells.
The hydraulic fracturing market is estimated to reach about $72,629.4 million by 2019, signifying a firm growth rate of over 11.8% from 2014 to 2019.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Hydraulic Fracturing Market, By Region
8 Global Hydraulic Fracturing Market, By Well Type
9 U.S. Hydraulic Fracturing Market, By Shale Type
10 Competitive Landscape
11 Company Profiles
- Baker Hughes Incorporated
- Calfrac Well Services Ltd.
- Fts International
- Nabors Industries Ltd.
- Patterson-Uti Energy Inc.
- RPC Inc.
- Schlumberger Limited
- Tacrom Services Srl
- Trican Well Service Limited
- United Oilfield Services
- Weatherford International PLC
For more information visit http://www.researchandmarkets.com/research/pm42b7/hydraulic
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SOURCE Research and Markets