The growing demand of energy with increasing investments in offshore and unconventional exploration and production activities is expected to drive the global pressure pumping market. It is estimated to reach $116.12 billion by 2018, at a CAGR of 16.1% from 2013 to 2018. The latest exploration and highly advanced technology required in the African and Asia-Pacific regions are expected to experience the highest revenue growth during the next five years.
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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Scope of the report:
On the basis of service types:
• Hydraulic fracturing
• Cementing
• Other pressure pump services
On the basis of well types (North America):
• Horizontal
• Vertical
On the basis of resource types (North America):
• Conventional
• Unconventional
On the basis of geography:
• North America
• Europe
• South & Central America
• Asia-Pacific
• Africa
• The Middle East
Browse more than 90 market data tables with 31 figures spread through 232 pages and in-depth TOC on "Pressure Pumping Market - Global Trends & Forecasts to 2018"
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Pressure pumping is a propagation of fractures through layers of rock using pressurized fracturing fluid and pumping the cement into the well bore to complete it. This technique is primarily used to extract resources from low permeability reservoirs such as shale gas, tight gas, and unconventional liquids, which are difficult to recover through regular drilling procedures. Pressure pump services are provided by oilfield service companies (such as Halliburton) to oil and gas companies (such as Shell).
Hydraulic fracturing is the frequently used pressure pump service, globally. Additionally, cementing services, sand control services, acidization, etc., are also a part of the industry. Currently, pressure pumping is facing a lot of public opposition on environmental hazards caused by fracturing. Water usage, water contamination, and seismic activities are the most important concerns of pressure pumping. Due to these environmental concerns, the growth of the global market is diminished with a ban in many countries on hydraulic fracturing.
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The market has been estimated from the demand point of view. This report breaks the market into smaller service segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 10 companies in the pressure pumping market.
The global pressure pumping market will grow from an estimated $55.0billion in 2013. This value is expected to increase to $116.15 billion by 2018at a CAGR of16.1% during the same period. North America is expected to lead the global pressure pumping market with a share of nearly 80% in terms of hydraulic horse power that will be supplied by 2018.
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