Pressure Pumping Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Pressure Pumping Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Energy & Mining | PPT format

Report Digest


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. 

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. 

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. 

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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?