Global Hydraulic Fracturing Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Hydraulic Fracturing Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Well Type (Horizontal, and Vertical), Fluid Type (Slick Water-based Fluid, Foam-based Fluid, Gelled Oil-based Fluid, and Other Base Fluids), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Hydraulic Fracturing Market was valued at USD 53,499.7 million in 2023 and is expected to reach USD 94,707.8 million by 2031 while growing at a CAGR of 7.4% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global hydraulic fracturing market growth. Fracking, or hydraulic fracturing, is an oil and gas extraction technique that involves injecting high-pressure fluid into underground rock formations to create fractures, enabling the extraction of oil or natural gas.
Increasing energy demand and the abundance of unconventional resources drive the growth of the hydraulic fracturing (fracking) market. However, obstacles such as environmental concerns and water usage and management may hinder market expansion.
Furthermore, the global hydraulic fracturing industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Well Type Analysis
The Global Hydraulic Fracturing Market is segmented among Horizontal, and Vertical, based on Well Type. In 2023, Horizontal accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Fluid Type Analysis
The Global Hydraulic Fracturing Market is segmented among Slick Water-based Fluid, Foam-based Fluid, Gelled Oil-based Fluid, and Other Base Fluids, based on Fluid Type. In 2023, Gelled Oil-based Fluid accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Hydraulic Fracturing Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Archer Well Company Inc.,Baker Hughes a GE Co., Basic Energy Services, Calfrac Well Services Ltd, FTS International Services, Halliburton Company, NexTier Oilfield Solutions Inc., Patterson (Seventy Seven), RPC Inc. (Cudd Pumping), Schlumberger Limited, and Liberty Oilfield Services.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Hydraulic Fracturing Market Dynamics
Drivers
Restraints
Opportunity
4. Global Hydraulic Fracturing Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Hydraulic Fracturing Market Segmentation, By Well Type
Global Hydraulic Fracturing Market Share Analysis, By Well Type
Global Hydraulic Fracturing Market Growth Analysis, By Well Type
Global Hydraulic Fracturing Market Trends, By Well Type
o Horizontal
o Vertical
6. Global Hydraulic Fracturing Market Segmentation, By Fluid Type
Global Hydraulic Fracturing Market Share Analysis, By Fluid Type
Global Hydraulic Fracturing Market Growth Analysis, By Fluid Type
Global Hydraulic Fracturing Market Trends, By Fluid Type
o Slick Water-based Fluid
o Foam-based Fluid
o Gelled Oil-based Fluid
o Other Base Fluids
7. Global Hydraulic Fracturing Market Segmentation, By Region
Global Hydraulic Fracturing Market Share Analysis, By Region
Global Hydraulic Fracturing Market Growth Analysis, By Region
Global Hydraulic Fracturing Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Archer Well Company Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Baker Hughes a GE Co.
Basic Energy Services
Calfrac Well Services Ltd
FTS International Services
Halliburton Company
NexTier Oilfield Solutions Inc.
Patterson (Seventy Seven)
RPC Inc. (Cudd Pumping)
Schlumberger Limited
Liberty Oilfield Services
*Similar analysis will be provided for each company listed above.