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The global pressure pumping market size was valued at USD 53.1 billion in 2016. It is expected to record a 4% CAGR over the forecast period. Increasing demand for primary energy in power generation, transportation and household activities is one of the major trends driving the market growth. Pressure pumping services increase the productivity of proven reserves, improve asset value, return on investment and reservoir integrity. Over the past decade, the advent of shale and other unconventional energy resources has led to a dramatic growth in the pressure pumping market. Hydraulic fracturing is an important technology that has made these non-traditional resources economically feasible and is the most frequently used pressure pumping method worldwide. In addition to hydraulic fracturing, cementation, acidification and control services are also part of the pressure pumping service.
Key Players The key players in the global pressure pumping market are Baker Hughes, a GE Company (US), Halliburton (US), Schlumberger (US), Weatherford International Inc. (US), Trican (Canada), RPC Inc. (US), Key Energy Services (US), Sanjel Corporation (Canada),
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A full report of Global Pressure Pumping Services Market is available at: https://www.orionmarketreports.com/pressure-pumping-services-market/40454/
The following Segmentation are covered in this report:
By Type
- Hydraulic Fracturing
- Cementing
By Application
- Directional
- Horizontal
- Vertical
The report covers the following objectives:
- Proliferation and maturation of trade in the global Pressure Pumping Services Market.
- The market share of the global Pressure Pumping Services Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Pressure Pumping Services Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Pressure Pumping Services Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
