Energia
Hydraulic Fracturing Market worth $50.2 billion by 2026 - Exclusive Report by MarketsandMarkets™
A horizontal well requires a multi-directional drilling technique, which generally drills with an inclination of greater than 80° to enhance reservoir performance. According to the EIA, 70.0% of shale reserves are drilled horizontally in North America . Hydraulic fracturing, along with horizontal drilling, helps to increase crude oil and natural gas production. This is expected to drive the horizontal segment market during the forecast period.
https://www.marketsandmarkets.com/Market-Reports/hydraulic-fracturing-market-745.html
The shale gas segment, by application, is estimated to grow at the fastest rate during the forecast period. Shales are fine-grained sedimentary rocks that can be rich sources of petroleum and natural gas. Hydraulic fracturing is the process used to extract shale gas. Deep holes are drilled into the shale rock, followed by horizontal drilling, as shale reserves are distributed horizontally rather than vertically. The increasing demand for natural gas is expected to drive the growth of the Hydraulic Fracturing Market for shale gas applications. The demand in 2021 was 4.021 tcm, up from 3.91 tcm in 2020. Furthermore, the consumption of natural gas in the power sector of the US is expected to reach 12.1 tcf by 2050, up from 0.4 tcf (4%) recorded in 2020. Such factors propel the growth of shale gas segment in the Hydraulic Fracturing Market.
In this report, the Hydraulic Fracturing Market has been analyzed for six regions, namely, North America , Latin America , Europe , Asia Pacific , Middle East & Africa . According to the IEA, the US is determined to become the net exporter of energy by 2021 and to fulfill this objective; oil production is being increased across the nation. Moreover, the US is the top explorer and producer of shale oil and gas. The old oil & gas fields in the Permian Basin and Bakken Ford require the hydraulic fracturing operations to enhance the productivity of the wells. Thus, North America dominated the Hydraulic Fracturing Market during the forecasted period.
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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the
Some of the key players are Halliburton (US), Schlumberger (US), Baker Hughes Company (US) NexTier Oilfield Solutions (US), and Calfrac Well Services ( Canada ). The leading players are adopting various strategies to increase their share in the Hydraulic Fracturing Market.
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