Hydraulic Fracturing Market Research Report - Forecast to 2027

Hydraulic Fracturing Market Research Report by Well Type (Horizontal and Vertical), By Technology (Plug-And-Perforation, Sliding Sleeve, and Others), by Application (Crude Oil, Shale Gas, Tight Oil, and Others), and by Region - Forecast till 2027

ID: MRFR/E&P/1892-HCR | February, 2021 | Region : Global

Hydraulic Fracturing Market Scenario


Hydraulic fracturing market is expected to expand at 14% CAGR during the forecast period.


The major drivers for the hydraulic fracturing market involve increased shale oil & gas revolution, rising demand for oil & gas, and rising concern for depletion of natural resources. Till 2015, only four countries were commercially producing shale oil & gas including U.S., China, Canada, and Argentina. With increasing shale revolution other nations, such as Algeria, Russia, Mexico, Australia, and Colombia, have also started participating in shale production. This has positively affected the hydraulic fracturing market. Besides, various oil fields are getting depleted as they have been producing for over 100 years. For instance, the Permian basin of U.S. and Safaniya oil field in the Persian Gulf have been producing oil since an early 20th century. They have reached their peak life and are depleting at a fast pace. Hydraulic fracturing allows the flow rate of the damaged oil fields to get increased. However, the harm caused by the technological process by hydraulic fracturing causes the restraint to the market.


Global hydraulic fracturing market has been segmented on the basis of well type, technology, application, and region. Based on technology, the market is further segmented into plug-and-perforation, sliding sleeve, and others. Amongst these, the plug-and-perf segment dominates the global market due to the advantage of having a large number of individually fractured stages in the wellbore. On the basis of well type, global hydraulic fracturing market is classified into horizontal and vertical. The horizontal hydraulic fracture technology is prominent in the market due to its advantage of fracturing multiple oil wells from the same point. Based on application, hydraulic fracturing market is segmented into crude oil, shale gas, tight oil, and others. Tight oil segment is dominating the global market with increasing demand for oil from non-conventional sources, and shale rocks are having low permeability.


Hydraulic fracturing industry is expected to have a huge number of advancements over the forecast period owing to continuous developments in end-use industry coupled with growing demand for exploration and production expenditure in the oil industry. The market is also expected to have high expansion activities by multinationals and well-established companies.


Key Players


The key players of global hydraulic fracturing market are Baker Hughes GE (U.S.), Schlumberger (U.S.), National Oilwell Varco, Inc. (U.S.), Patterson-UTI Energy (U.S.), FracChem LLC. (U.S.), TechnipFMC (UK), U.S. Silica Holdings (U.S.), Halliburton (U.S.), Nuverra (U.S.), FTS International (U.S.), US Well Services (U.S.), Franklin Well Service LLC (U.S.), and EOG Resources (U.S.).


Market Segmentation


 hydraulic fracturing market


Global Hydraulic Fracturing Market


Global hydraulic fracturing market is anticipated to expand at a phenomenal rate during the forecast period due to increased shale oil & gas revolution, rising demand for oil, and rising concern for the depletion of natural resources. North America is expected to dominatein terms of market share of the hydraulic fracturing market as a reason that shale oil & gas production is increasing every year from U.S. and Canada. According to U.S. EIA, in 2017, the total tight oil produced in the U.S. was about 4.67 million barrels per day, accounting up to 50 % of total crude oil production from the country.  


The energy industry has observed the transition from conventional crude oil and natural gas to shale oil & gas and gas hydrates. With the increasing demand for fuels from growing nations, large-scale shale oil production has been started globally. Most of the shale rocks are semi-permeable, and thus, oil produced is called tight oil. To extract oil from these rocks, conventional drilling techniques, as well as the drilling fluids used for normal crude oil or gas production, are inefficient. Hydraulic fracturing technology gains advantage from the increasing shale production and the increased demand for energy fuels.  Fracturing helps in forming cracks in tight rocks and thus, reaching out to oil.

Hydraulic fracturing is modern technology, in which fluids are pumped into the oil wells at the injection rate which is so high that the formation of the oil reservoir breaks down. The fluids injected in the reservoirs conventionally include water sand and chemicals. With advancements in technology, recently the drilling companies are implementing hydraulic fracturing along with horizontal drilling to allow the drilling of multiple wells from the same spot. In the current scenario of oil and gas production, hydraulic fracturing process is used globally to optimize the production of oil & gas from the reservoirs. According to the U.S. Department of Energy, up to 95% of the new wells that are being drilled currently or are drilled recently are fractured hydraulically. This accounts for around 75% of total natural gas production and almost 50% of total crude oil production from the U.S.  

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model


3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis


4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


5 Global Hydraulic Fracturing Market, By Technology

5.1 Introduction

5.2 Plug-and-perforation

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Sliding sleeve

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Others

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Hydraulic Fracturing Market, By Well Type

6.1 Introduction

6.2 Horizontal

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Vertical

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Hydraulic Fracturing Market, By Application

7.1 Introduction

7.2 Crude oil

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Shale gas

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Tight oil

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Hydraulic Fracturing Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Technology, 2020-2027

8.2.3 Market Estimates & Forecast by Well Type, 2020-2027

8.2.4 Market Estimates & Forecast by Application, 2020-2027

8.2.5 U.S.

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.2.5.3 Market Estimates & Forecast by Well Type, 2020-2027

8.2.5.4 Market Estimates & Forecast by Application, 2020-2027

8.2.6 Canada

8.2.6.1 Market Estimates & Forecast, 2020-2027

8.2.6.2 Market Estimates & Forecast by Technology, 2020-2027

8.2.6.3 Market Estimates & Forecast by Well Type, 2020-2027

8.2.6.4 Market Estimates & Forecast by Application, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.3 Market Estimates & Forecast by Well Type, 2020-2027

8.3.4 Market Estimates & Forecast by Application, 2020-2027

8.3.5 U.K

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.5.3 Market Estimates & Forecast by Well Type, 2020-2027

8.3.5.4 Market Estimates & Forecast by Application, 2020-2027

8.3.6 Germany

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.6.3 Market Estimates & Forecast by Well Type, 2020-2027

8.3.6.4 Market Estimates & Forecast by Application, 2020-2027

8.3.7 France

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.7.3 Market Estimates & Forecast by Well Type, 2020-2027

8.3.7.4 Market Estimates & Forecast by Application, 2020-2027

8.3.8 Italy

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.8.3 Market Estimates & Forecast by Well Type, 2020-2027

8.3.8.4 Market Estimates & Forecast by Application, 2020-2027

8.3.9 Rest of Europe

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.9.3 Market Estimates & Forecast by Well Type, 2020-2027

8.3.9.4 Market Estimates & Forecast by Application, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.3 Market Estimates & Forecast by Well Type, 2020-2027

8.4.4 Market Estimates & Forecast by Application, 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.5.3 Market Estimates & Forecast by Well Type, 2020-2027

8.4.5.4 Market Estimates & Forecast by Application, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.6.3 Market Estimates & Forecast by Well Type, 2020-2027

8.4.6.4 Market Estimates & Forecast by Application, 2020-2027

8.4.7 India

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.7.3 Market Estimates & Forecast by Well Type, 2020-2027

8.4.7.4 Market Estimates & Forecast by Application, 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.8.3 Market Estimates & Forecast by Well Type, 2020-2027

8.4.8.4 Market Estimates & Forecast by Application, 2020-2027

8.5 Rest of the World

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.5.3 Market Estimates & Forecast by Well Type, 2020-2027

8.5.4 Market Estimates & Forecast by Application, 2020-2027

9 Competitive Landscape


10 Company Profile

10.1 Baker Hughes GE (U.S.)

10.1.1 Company Overview

10.1.2 Product/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 Schlumberger (U.S.)

10.2.1 Company Overview

10.2.2 Product /Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 National Oilwell Varco, Inc. (U.S.)

10.3.1 Company Overview

10.3.2 Product /Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 Patterson-UTI Energy (U.S.)

10.4.1 Company Overview

10.4.2 Product /Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 FracChem LLC. (U.S.)

10.5.1 Company Overview

10.5.2 Product /Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 TechnipFMC (UK)

10.6.1 Company Overview

10.6.2 Product /Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 U.S. Silica Holdings (U.S.)

10.7.1 Company Overview

10.7.2 Product /Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 Halliburton (U.S.)

10.8.1 Company Overview

10.8.2 Product /Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 Nuverra (U.S.)

10.9.1 Company Overview

10.9.2 Product /Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.10 FTS International (U.S.)

10.10.1 Company Overview

10.10.2 Product /Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

10.11 US Well Services (U.S.)

10.11.1 Company Overview

10.11.2 Product /Services Offering

10.11.3 Financial Overview

10.11.4 Key Developments

10.11.5 Strategy

10.11.6 SWOT Analysis

10.12 Franklin Well Service LLC (U.S.)

10.12.1 Company Overview

10.12.2 Product /Services Offering

10.12.3 Financial Overview

10.12.4 Key Developments

10.12.5 Strategy

10.12.6 SWOT Analysis

10.13 EOG Resources (U.S.)

10.13.1 Company Overview

10.13.2 Product /Services Offering

10.13.3 Financial Overview

10.13.4 Key Developments

10.13.5 Strategy

10.13.6 SWOT Analysis


List of Tables

Table 1 Global Hydraulic Fracturing Market: By Region, 2020-2027

Table 2 North America Hydraulic Fracturing Market: By Country, 2020-2027

Table 3 Europe Hydraulic Fracturing Market: By Country, 2020-2027

Table 4 Asia Pacific Hydraulic Fracturing Market: By Country, 2020-2027

Table 5 RoW Hydraulic Fracturing Market: By Country, 2020-2027

Table 6 Global Hydraulic Fracturing Market by Technology Market: By Regions, 2020-2027

Table 7 North America Hydraulic Fracturing Market by Technology: By Country, 2020-2027

Table 8 Europe Hydraulic Fracturing Market by Technology: By Country, 2020-2027

Table 9 Asia Pacific Hydraulic Fracturing Market by Technology: By Country, 2020-2027

Table 10 RoW Hydraulic Fracturing Market by Technology: By Country, 2020-2027

Table 11 Global Hydraulic Fracturing Market, by Well Type, By Regions, 2020-2027

Table 12 North America Hydraulic Fracturing Market, by Well Type, By Country, 2020-2027

Table 13 Europe Hydraulic Fracturing Market, by Well Type, By Country, 2020-2027

Table 14 Asia Pacific Hydraulic Fracturing Market, by Well Type, By Country, 2020-2027

Table 15 RoW Hydraulic Fracturing Market, by Well Type, By Country, 2020-2027

Table 16 Global Hydraulic Fracturing Market, by Application, By Regions, 2020-2027

Table 17 North America Hydraulic Fracturing Market, by Application, By Country, 2020-2027

Table 18 Europe Hydraulic Fracturing Market, by Application, By Country, 2020-2027

Table 19 Asia Pacific Hydraulic Fracturing Market, by Application, By Country, 2020-2027

Table 20 RoW Hydraulic Fracturing Market, by Application, By Country, 2020-2027

Table 21 Global Hydraulic Fracturing Market: By Region, 2020-2027

Table 22 Global Hydraulic Fracturing Market: By Region, 2020-2027

Table 23 Global Hydraulic Fracturing Market: By Region, 2020-2027

Table 24 North America Hydraulic Fracturing Market, By Country

Table 25 North America Hydraulic Fracturing Market, by Technology

Table 26 North America Hydraulic Fracturing Market, By Well Type

Table 27 North America Hydraulic Fracturing Market, By Application

Table 28 Europe: Hydraulic Fracturing Market, By Country

Table 29 Europe: Hydraulic Fracturing Market, by Technology

Table 30 Europe: Hydraulic Fracturing Market, By Well Type

Table 31 Europe: Hydraulic Fracturing Market, By Application

Table 32 Europe: Hydraulic Fracturing Market, By Application

Table 33 Asia Pacific: Hydraulic Fracturing Market, By Country

Table 34 Asia Pacific: Hydraulic Fracturing Market, by Technology

Table 35 Asia Pacific: Hydraulic Fracturing Market, By Well Type

Table 36 Asia Pacific: Hydraulic Fracturing Market, By Application

Table 37 RoW: Hydraulic Fracturing Market, By Region

Table 38 RoW Hydraulic Fracturing Market, by Technology

Table 39 RoW Hydraulic Fracturing Market, By Well Type

Table 40 RoW Hydraulic Fracturing Market, By Application




List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL HYDRAULIC FRACTURING MARKETSHARE, BY END-USE, 2020 (%)

FIGURE 9 GLOBAL HYDRAULIC FRACTURING MARKET, BY END-USE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL HYDRAULIC FRACTURING MARKETSHARE, BY WELL TYPE, 2020 (%)

FIGURE 11 GLOBAL HYDRAULIC FRACTURING MARKET, BY WELL TYPE, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL HYDRAULIC FRACTURING MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL HYDRAULIC FRACTURING MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA HYDRAULIC FRACTURING MARKETSHARE (%), 2020

FIGURE 15 NORTH AMERICA HYDRAULIC FRACTURING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE HYDRAULIC FRACTURING MARKETSHARE (%), 2020

FIGURE 17 EUROPE HYDRAULIC FRACTURING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC HYDRAULIC FRACTURING MARKETSHARE (%), 2020

FIGURE 19 ASIA PACIFIC HYDRAULIC FRACTURING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD HYDRAULIC FRACTURING MARKETSHARE (%), 2020

FIGURE 21 REST OF THE WORLD HYDRAULIC FRACTURING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

Hydraulic Fracturing Market