Precision Business Insights has published a report on the global hydraulic fracturing market, estimating its value at USD 31,601 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/hydraulic-fracturing-market
The Hydraulic Fracturing Market is the industry that extracts oil and natural gas from unconventional reservoirs such as shale, tight sandstone, and coalbed methane formations. Hydraulic fracturing, sometimes known as fracking, is the process of injecting a high-pressure fluid—typically water combined with sand and chemicals—into a wellbore to fracture rock formations. These fissures help trapped hydrocarbons flow more freely for extraction.
Drivers:
- Growing Energy Demand – The increasing global need for oil and natural gas is pushing the adoption of hydraulic fracturing technologies.
- Advancements in Fracturing Techniques – Innovations in plug & perf and sliding sleeve technologies are improving efficiency and production rates.
The global hydraulic fracturing market segmentation:
1) By Well Type: Horizontal, Vertical
2) By Technology: Plug-and-perforation, Sliding sleeve Others
3) By Application: Crude oil, Shale gas, Tight oil Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the hydraulic fracturing market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the hydraulic fracturing market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Schlumberger, Baker Hughes, a GE Company, Weatherford, Halliburton, FTS International, BJ Services, Cudd Energy Services, ProPetro Holding Corp., Calfrac Well Services, Liberty Oilfield Services, Trican Well Services Ltd., Basic Energy Services, Superior Energy Services, RockPile Energy Services.
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