Pressure Pumping Market to See Incredible Growth During 2017 – 2025

Global Pressure Pumping Market: Overview 

Pressure pumping implies the translation or creation of fractures within rock layers, through the use of specialized fracturing fluids. Cement is then pumped into the well bore, completing the fracturing process. This is one of the key extraction techniques being used in shale gas and tight gas, along with other similar procedures associated with the extraction of resources from reservoirs with lower than average permeability. This also includes the extraction of unconventional liquids from sources or reservoirs that cannot otherwise be extracted using conventional drilling methods. Typically, pressure pumps or even pressure pumping services are given to players from the oil and gas industry, by a host of players that classify them as their end users. 

Global Pressure Pumping Market: Key Trends 

One of the primary drivers propelling the global pressure pumping market at the moment is the increasing demand for fuel and energy across the world. While the global population and energy consumption increases, the power sector is struggling to keep up with the demand based on the current reserves and stockpiles of conventional fuels. As a result, greater degrees of investments are being made on the use of unconventional exploration and extraction methods, including pressure pumping. The potential of increasing recoverable resources as well as amplifying fuel generation is thus being the primary factor working in favor of the global pressure pumping market for now.

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Global Pressure Pumping Market: Market Potential 

A lot of countries are treating natural gas as the intermediate fuel between fossil fuels and renewable energy sources. This could potentially increase the scope of the global pressure pumping market over the coming years. With increasing attention given to renewables, nations are still facing the struggle of meeting the incremental demand of energy through these sources. As a result, governments are moving in favor of unconventional fuels and the natural gas industry as a whole, thereby propelling the global pressure pumping market as well.

India has been one of the more recent nations showing heightened interest in shale gas exploration. The country has gaged a recoverable shale gas reserve of close of 96 tn cubic feet and the Indian government is already taking steps to extract these reserves. Indian players such as ONGC are already planning and investing in shale exploration, further increasing the scope of the pressure pumping market in the region. South Africa is another potential candidate for players from the global pressure pumping market, as the South African government had recently revealed its intentions of shale gas developments in its vast reservoirs in the Karoo. 

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Global Pressure Pumping Market: Regional Outlook

North America is expected to continue being the leading region in the global pressure pumping market over the coming years, a factor attributed to the high rate of importance currently given in this region to shale exploration. On the other hand, the regions of Asia Pacific and the Middle East are still in a nascent phase in the pressure pumping market. There are still multiple organizations against the use of pressure pumping and shale exploration, primarily due to the negative environmental impact that these exploration strategies can have in the long run. At the same time, these regions are likely to come under the spotlight as the market in North America nears complete maturity. 

Global Pressure Pumping Market: Competitive Analysis 

Some of the players in the global pressure pumping market that have so far shown great potential include Baker Hughes, Key Energy Services, Halliburton, Schlumberger, Frac Tech Services International, Weatherford International Inc., Sanjel Corporation, Calfrac Well Services Ltd., RPC Inc., and Trican.

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The competitive scenario in the global pressure pumping market is expected to intensify over the coming years, as more and more regions are showing a positive inclination towards the exploration of shale gas.

North America Dominates Demand for Pressure Pumping Services

San Francisco, California, January 24, 2018 – Over the years, onshore natural resources and those in the shallow water fields have depleted considerably, compelling the companies operating in the oil and gas industry to explore unconventional onshore locations as well as go into deep water. For these exploring and extracting activities, pressure pumping services are a must, and consequently the market for the same is flourishing on the back of increasing exploration activities. According to a recent business and commerce publication by TMR Research, the demand in the global pressure pumping market will expand at a notable CAGR during the forecast period of 2017 to 2025. The report, titled “Pressure Pumping Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” is a professional study compiled to provide insights into the market and to act as a decision-making tool for its audiences such as companies operating in the oil and gas industry, providers of pressure pumping materials and equipment, research organizations, and government agencies.

Some of the key factors augmenting the demand in the global pressure pumping market are: consistently increasing number of recoverable reserves, constant striving of the companies to achieve greater production efficiencies, shifting focus towards green energy, and growing demand for energy security by domestic supply. Rapid industrialization and urbanization in several emerging economies such as China and India has increased energy demands by multiple folds and hence, the need for greater focus on exploration and extraction activities has gained momentum. In addition to that, the option of stronger recovery rate of reservoirs is also expected to reflect positively on the market for pressure pumping, which on the other hand is facing hindrance from factors such as concerns regarding contamination owing to hydraulic fracturing, issues pertaining to seismic activities, and stringent government regulations in a number of countries that players of the pressure pump must comply with. That being said, the advent of waterless fracturing foams is expected to open new revenue avenues for the vendors of this market. In the report, each of these factors have been analyzed in detail and their eventual impact over the demand in the global pressure pumping market have been adjudged.

Based on service types, the pressure pumping market can be segmented into cementing, hydraulic fracturing, and other pressure pump services such as acidization and sand controlling services, whereas on the basis of the type of well, the market can be bifurcated into vertical and horizontal. Resource type classification of the market can be done into unconventional and conventional. Geographically, the report understands the value of representing lucrativeness of various regions and countries. Being a study on the global demand for pressure pumping, the report has explored every important region including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The analysts of the report have detected that currently, the pressure pumping market is primarily concentrated into the region of North America, gaining traction from the presence of some of the major players of this market such as Schlumberger Limited, Baker Hughes, and Halliburton Company. For each of these regions, the report has evaluated the potential of demand that can be expected from primary countries during the forecast period of 2017 to 2025. The report also throws light on what type of regulations are in place by various governments regarding the usage of pressure pumping hydraulic system.

Weatherford International, Saipem S.p.A., Superior Energy Services, and China Oilfield Services Ltd. are some of the other companies operating in the global pressure pumping market.

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