The report “Pressure Pumping Market by Types (Hydraulic Fracturing, Cementing, Others), North America Resource Type (Conventional, Unconventional), North America Well Type (Horizontal, Vertical), & Geography - Global Trends & Forecasts to 2018” defines and segments the pressure pumping market with an analysis and forecast of the global revenue and hydraulic horse power consumed. The global pressure pumping market will grow to $116.15 billion market by 2018, at a firm annualized growth rate of 16.1% from 2013 to 2018.
Browse more than 90 market data tables with 31 figures spread through 232 pages and in-depth TOC on "Pressure Pumping Market by Types (Hydraulic Fracturing, Cementing, Others), North America Resource Type (Conventional, Unconventional), North America Well Type (Horizontal, Vertical), & Geography - Global Trends & Forecasts to 2018"
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The pressure pumping market is likely to grow reasonably in the upcoming years. The long-term drivers of the pressure pumping market are well known. The relentless depletion of onshore and shallow water fields has compelled oil companies to focus on deep water and unconventional onshore areas where various pressure pumping services are required in order to produce hydrocarbons.
The major drivers for the pressure pumping market are increase in the production rate, new additions to recoverable reserves, energy strategy shift towards gas, and energy security by domestic supply. Water availability and public outcry are seen as major restraints to the pressure pumping market.North America holds a major market share in the global pressure pumping market. Research and development initiatives by the American Government and favorable regulatory conditions have helped the American market grow to this level of being the market leader in pressure pumping.
For this report, the major players in the Pressure pumping market are identified through secondary and primary research based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as CEOs, Directors, and marketing people.
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The size of the overall market is determined by forecasting techniques based on the pressure pumping demand in different regions, which is validated through primary sources. The market revenue and hydraulic horse power supplied for various types of pressure pumping services are determined and evaluated using primary and secondary research. The market data is available from 2011 to 2018 with a CAGR from 2013 to 2018.
This report analyzes various marketing trends and establishes the most effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such as Schlumberger, Halliburton, Baker Hughes, and Weatherford have also been profiled in this report.
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