Pressure Pumping Market

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Market Dynamic

Key Drivers and Emerging Trends

One of the major factor driving the growth of the global pressure pumping market include rise in procurement and exploration activities in unconventional reserves like oil & gas, especially in shale basins. Exploring unconventional resources like oil & gas industry, which utilizes pressure pumps in extreme heat and extreme cold conditions is another factor that is driving the market growth over the coming years. With the high potential rate in the production and recovering process of natural gas extraction, there has been a rise in demand for pressure pumps over the forecast period.

Heavy investments made by oil and gas companies in oil and drilling activities are contributing for the robust demand of global pressure pumping market. For instance, according to French Institute of Petroleum, during the period of 2020-2040 around US$ 16,700 billion will be invested in oil and gas sector for renewal of reserves and production. Furthermore, with the rapid industrialization, the demand for oil has increased which is anticipated to provide a tremendous upthrust to the global pressure pumping market.

Growing demand for principal energy in transportation, household, and power generation industries is one of the major drivers fueling the pressure pumping market size. Increasing adoption of hydraulic fracturing technique in oil and gas exploration activities will further expand the market size. Moreover, growing emphasis efforts of various governments agencies to reduce the reliance on oil imports and expand oil production is forecast to offer enormous opportunities to the market.

Restraint in the Pressure Pumping Market

The pressure pumping market report states that the high installation cost prices associated with the pumping systems is expected to hamper the growth of the global pressure pumping market over the forecast period. Also, as per the pressure pumping market analysis, the global pressure pumping market will be hampered because of the harmful impact on environment caused by the processes which involve the use of pressure pump. Also, as per the pressure pumping market analysis, the global pressure pumping market will be hampered because of the harmful impact on environment caused by the processes which involve the use of pressure pump.

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Type – Segment Analysis

Based on the Type, hydraulic fracturing is expected to grow at a higher CAGR over the forecast period. Increasing application of hydraulic fracturing segment in the oil and gas sector has contributed for the segment to dominate over other segments. According to U.S. Energy Information Administration, oil & gas production in the U.S. is expected to increase over 21 million barrels per day by the end of 2040. This, in turn, will create an absolute opportunity for the hydraulic fracturing segment in the coming years to dominate the market for long run.

Well Type – Segment Analysis

Based on the Well Type, horizontal well type is expected to dominate the global pressure pumping market. Increasing productivity and several advantages offered by the horizontal pumps are contributing for boosting the growth of the market and leading to an upsurge in demand.  For instance, in U.S., 77% of the most productive wells were horizontal which offers more strong and stable drilling experiences.

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Regional – Segment Analysis:

Based on the region, North America pressure pumping market is expected to dominate the global pressure pumping market. Due to strong presence of oil and gas industry in Canada and U.S., the demand for pressure pumps has increased with time. On the other hand, Asia Pacific is expected to grow at a higher CAGR over the forecast period. Increase in number of new wells drilled in China has led to the increased demand for pressure pumps. For instance, number of wells increased from 15,800 in 2016 to 17,000 in 2017 & and the numbers are expanding with time.

Increasing investment by the US government in petroleum industry will drive the regional growth. For example, the US government invested USD 20 billion annually to the value of new oil and gas projects over the past two decades, which will increase the expected profits of the company, particularly in the case of shale resources exploitation in the and Appalachian, Eagle Ford, Bakken Formation, Haynesville Shale, and Permian Basins. These initiatives will expand the regional growth over the upcoming years.

Top Market Players

Top pressure pumping companies in the market includes Patterson-UTI Energy, Inc., Baker Hughes Company, Schlumberger Limited, Halliburton, Weatherford, FTS International, TRICAN, Calfarc Well Services Ltd., RPC Inc., and Sanjel Energy Services, among others. 

Key Developments:

• • In 2022, ProPetro decided to extend its pressure pumping services agreement with Pioneer. This expansion was intended to provide pressure pumping services to Pioneer Natural Resources for the rest of 2022 and through 2023.
  • In 2020, Schlumberger and Liberty Oilfield Services Inc. signed an agreement for serving North America pressure pumping business to liberty. This agreement will help the company to innovate and offer novel technologies for Canada and U.S. land markets.

Segments covered in the Report:

The global pressure pumping market has been segmented based on type, well type, and regions. Based on type, the market is segmented into hydraulic fracturing, cementing and others. Based on well type, the market is segmented into horizontal, vertical, and directional. 

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Key questions answered in this research report:

• • At what pace is global pressure pumping market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in pressure pumping market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global pressure pumping market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various well type areas of global pressure pumping market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Device, By System, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Sabre GLBL Inc., Lufthansa Systems, Fujitsu, Jeppesen, IBS Software Services Pvt LTD, AIMS, Inc., Blue One Management Sa/Nv, Intelisys Aviation Systems¸ PDC Aviation, Aviolinx, Hexaware Technologies, Sheorey Digital Systems Pvt. Ltd., among others; a total of 12 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Pressure Pumping Market by Type

• • Hydraulic Fracturing
  • Cementing
  • Others

Global Pressure Pumping Market by Well Type

• • Horizontal
  • Vertical
  • Directional

Global Pressure Pumping Market by Region

• • North America Pressure Pumping Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Well Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Pressure Pumping Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Well Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Pressure Pumping Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Well Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Pressure Pumping Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Well Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Pressure Pumping (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Patterson-UTI Energy, Inc.
  • Baker Hughes Company
  • Schlumberger Limited
  • Halliburton
  • Weatherford
  • FTS International
  • TRICAN
  • Calfarc Well Services Ltd.
  • RPC Inc.
  • Sanjel Energy Services