Transparency Market Research has added brand new that comes with the title “Pressure Pumping Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” to its archive of repository of market research reports. It makes an exploration and study of the international vendor landscape of the pressure pumping services market. Taking cue and assistance from an elaborate market insight, this study of pressure pumping services makes an offering of an all-inclusive evaluation of the market for pressure pumping services. The research further gauges the ongoing scenario of the said market. Based on all the likely and optimistic situations, the report also makes an evaluation of the growth prospects of the market for pressure pumping services that might emerge in the years to come. This market research study report also underscores the current trends that are present in the international market for pressure pumping services together with its macro and micro economic directives.
Pressure pumping services or pressure pumping systems are utilized in mature oil fields and unconventional oil fields. Pressure pumping services or systems are used by the operator company to those oilfields that are underperforming in terms of production of hydrocarbon. Pressure pumping is used to secure wellbore, enhance capacity of reservoir drainage, and deploy effective coil tubing interventions.
Demand for hydrocarbons has increased substantially over the last few decades. Hydrocarbons such as oil and natural gas are key elements of consumption of energy. Increase in demand for oil and gas has encouraged the global oil manufacturers so as to explore unconventional reservoirs such as CBM reservoirs, shale reservoirs, and deep & ultra-deep offshore areas. These new exploration ventures are the main drivers of pressure pumping services market. Rise in number of aging or maturing oil field across the globe is also triggering the world market for pressure pumping services.
The world market for pressure pumping services is segmented on the basis of operation, reservoir type, and geography.
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Taking regional segments into consideration, the world market for pressure pumping services can be divided into the geographies of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the world market for pressure pumping services due to the recent development of shale reservoirs. It is also emerging as one of the major exporters of hydrocarbons. Middle East & Africa is another promising region of the world market for pressure pumping services. Demand for fossil fuel energy is soaring in Asia Pacific which is led by the growth in economy of countries such as India and China. Of late, Indonesia, Brunei, India, China, and Malaysia have expanded their exploration activities.
Key market players that are operating in the world market for pressure pumping services are Premier Pressure Pumping, Basic Energy Services, Weatherford, Trican Well Services, Superior Energy Services, Inc., Halliburton, Stimulation Pumping Services LLC., Schlumberger Limited, Patterson-UTI Energy Inc, BJ Services., and BHGE.