Hydraulic Fracturing Market Growing at 12.5% CAGR to 2019 - Global Report
DALLAS, January 14, 2015 /PRNewswire/ --
ReportsnReports.com adds Global Hydraulic Fracturing Market 2015-2019, a 76 pages market research report to its store. The report says one of the major drivers of the hydraulic fracturing market growth is the huge investments in the Shale Oil and Gas market by international vendors.
Analysts forecast the Global Hydraulic Fracturing market to grow at a CAGR of 12.5% over the period 2014-2019. One key trend upcoming in this market is the shift of preference toward horizontal drilling for oil and gas recovery. With the development of unconventional reserves, there has been a substantial shift from vertical drilling to horizontal drilling. Horizontal drilling is used for the recovery of unconventional oil and gas reserves such as shale gas.
According to the "Global Hydraulic Fracturing Market 2015 - 2019" report, one of the major drivers in this market is the huge investments in the Shale Oil and Gas market by international vendors, particularly in the US. Many market vendors such as Halliburton, Baker Hughes, Schlumberger, and many others are investing in shale oil and gas sources to increase production and meet the growing global demand.
Hydraulic fracturing or hydraulic fracking is a technique of well stimulation in which a fluid at a high pressure (typically water mixed with sand and chemicals) is injected into an oil well to create minor fractures in the deep rock foundations to allow natural gas, petroleum, and brine to move toward the well from deep reserves. The technique of fracturing is commonly applied to wells for shale gas and oil recovery. Such stimulation is usually carried out once during the productive life of the well and helps in the extraction of fluids (gas and oil), thereby increasing the productivity of the well. The hydraulic fracturing technique used as field production declines with time.
The Global Hydraulic Fracturing market has been segmented into three divisions: Water-based, Foam-based and Gelled Oil-based Fracturing Fluid. The Global Hydraulic Fracturing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. It also includes the market segmentation based on type of fracturing fluid as well as geography. The report includes a discussion of the key vendors operating in this market.
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Key Regions: Americas, APAC and EMEA
Key Leading Countries: US, Poland, Germany
Market Driver - Huge Investments in Shale Oil and Gas Market by International and Regional Vendors
Market Challenge - Proper Discharging of Fracking Fluids and Chemicals
Market Trend- Move toward Horizontal Drilling
Further, the report states that one of the major challenges in this market is the proper discharging of fracturing fluids and chemicals. Currently, the flowback fluids generated during the hydraulic fracturing process are discharged into the permitted and monitored injection wells.
The report recognizes the following companies as the key players in the Global Hydraulic Fracturing Market: Baker Hughes, Halliburton Corp., Schlumberger Ltd., Superior Well Services, Inc. and Weatherford International.
Other Prominent Vendors in the market are: Calfrac Well Services, Nabors Industries, Tacrom Services, Trican Well Services, United Oilfield Services and Weatherford International.
Key Questions Answered in this Report: What will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Hydraulic Fracturing Process
Exhibit 3: Global Hydraulic Fracturing Market 2014-2019 (US$ billion)
Exhibit 4: Global Hydraulic Fracturing Market by Fracturing Fluid Type 2014
Exhibit 5: Global Hydraulic Fracturing Market by Fracturing Fluid Type 2019
Exhibit 6: Global Hydraulic Fracturing Market by Fracturing Fluid Type 2014-2019
Exhibit 7: Global Hydraulic Fracturing Market by Water-based Fracturing Fluid (US$ Billion)
Exhibit 8: Global Hydraulic Fracturing Market by Foam-based Fracturing Fluid (US$ Billion)
Exhibit 9: Global Hydraulic Fracturing Market by Gelled Oil-based Fracturing Fluid (US$ Billion)
Exhibit 10: Global Hydraulic Fracturing Market by Geographical Segmentation 2014
Exhibit 11: Global Hydraulic Fracturing Market by Geographical Segmentation 2019
Exhibit 12: Global Hydraulic Fracturing Market by Geographical Segmentation 2014-2019
Exhibit 13: Hydraulic Fracturing Market in the Americas 2014-2019 (US$ Billion)
Exhibit 14: Hydraulic Fracturing Market in the APAC Region 2014-2019 (US$ Billion)
Exhibit 15: Hydraulic Fracturing Market in the EMEA Region 2014-2019 (US$ Billion)
And More.
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