Published on : Jul 17, 2018
Albany, New York, July 17, 2018: Hydraulic fracturing is basically a well stimulation method under which the rock is fractured using pressurized liquid. This technique involves the high-pressure instillation of 'fracking fluid' (usually water, comprising of sand or other proppants suspended using aid a thickening agent) into a wellbore for developing cracks in the deep-rock formations. The effectiveness of this process is used to extract petroleum, natural gas and brine. Market Research Hub (MRH) broadcasted a fresh study on the market for hydraulic fracturing, titled “Global Hydraulic Fracturing Market Size, Status and Forecast 2025”, which discourses details about market size and regional markets expected to prosper during the forecast period. Readers can learn about market potential aspects, together with data linked to opportunity and challenge, risks and restraints prevailing in the global hydraulic fracturing market.
This report analyzes the global hydraulic fracturing industry status as well as forecast for the period until 2025. Furthermore, readers can learn about vital aspects such as competition landscape together with growth opportunity. Interestingly, this research study categorizes the global hydraulic fracturing market on the basis of type, region, companies and end-use industry. As per research findings, the worldwide market size was recorded in double-digit million US$ and is likely to grow significantly by the end of 2025. Geographically, among all the regions examined in this report, China is projected to exponentially grow its shale gas production by 2018; this growth is expected to motivate the hydraulic fracturing market across the Asian region. There are other regions such as United States, Europe, Japan, India and Southeast Asia, which are expected enhance their shale gas production in the near future for pushing their economic growth.
The global hydraulic fracturing marker is bifurcated in terms of type which covers horizontal wells and vertical wells. Further, considering the prime applications the overall market is associated to industrial, residents and electric power. As the report proceeds, readers can access information about the top players, namely, Baker Hughes, Fts International, Calfrac Well, Nabors Industries, Halliburton, Patterson-Uti Energy, RPC, Trican Well Service, Tacrom Services, Schlumberger Limited, Superior Well Services and United Oilfield Services. This report examines the competitive developments like expansions, new product launches, agreements and acquisitions in the market. Moreover, strategically profile of the key players is also presented to grasp information about growth strategies. The presence of tables and figures is a great add-on for readers and new investors to draw useful conclusions for establishing their business across the hydraulic fracturing sector.
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