Industry Outlook and Trend Analysis
The global Hydraulic Fracturing market was worth USD 37.50 billion in the year 2012 and is expected to reach approximately USD 110.68 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 11.43% during the forecast period. Expanding E&P in oil and gas reserves that are unconventional particularly in the shale basins are relied upon to remain a key factor driving business sector development. Heightening demand for essential vitality in power generation, transportation, and household exercises has prompted expanded utilization of oil and gas in real economies over the globe. Significant oil and gas makers around the globe have been encountering a decrease in manufacturing levels inferable from draining customary reserves. Declining petroleum generation levels is relied upon to extend the demand-supply gap. Hydrocarbon extraction from the unusual stores has expanded manifolds utilizing horizontal drilling in blend with hydraulic fracturing procedures. Moving patterns towards creating flighty stores including tight oil, coal bed methane (CBM), tight gas, and shale is foreseen to drive pressure driven breaking market development over next couple of years. Utilization of such propelled extraction procedures has likewise helped E&P organizations to build the yield in low productive locales, for example, profound and ultra-remote oceans and the Arctic districts. Most of the future fracking requirement is relied upon to originate from developing economies including Russia, China, Mexico, Algeria, Brazil, and Argentina attributable to expanding horizontal drilling undertakings in flighty hydrocarbon fields. As indicated by the Energy Information Agency (EIA), E&P exercises in capricious resources, for example, tight oil and shale gas are relied upon to pick up force throughout the following couple of years. This is expected to expand consumption of traditional reserves facilitate by an additional couple of years because of the switch towards investigating substitute hydrocarbon holds. Previously mentioned factors are relied upon to decidedly affect hydraulic fracturing business sector development over the estimate time frame. Stringent directions and security commands by different national governments and administrative bodies, for example, Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) inferable from the potential natural hazard is relied upon to frustrate the business development. Bans and Moratoriums from a few regional organizations of Tunisia, Bulgaria, France and Romania against hydraulic fracturing are additionally anticipated that would remain a noteworthy test for industry members.
Technology Outlook and Trend Analysis
In 2015 Plug and perforation represented more than 70 percent of the worldwide water powered cracking share of the market. These advances are broadly utilized for cased hole wells. Its simplicity of accessibility for fracking in level wells make it great innovation than others choices. Industry income created from sliding sleeves is set to witness direct development in the upcoming years attributable to its applications in open hole wells. This procedure can be utilized to shut spill out of at least one supply zones that is delivering or utilizing excess of water. It requires less investment of time when contrasted with plug and perf amid fracking which comes about lower cost. These advances utilize less or no water and are relied upon to enable administrators and oilfield to benefit organizations to address ecological enactments forced by different governments. Technological progressions to relieve the related environment dangers and debasement are foreseen to give key hydraulic fracturing market members lucrative chances for investments in the future.
Material Outlook and Trend Analysis
Proppants were the key materials portion utilized for hydrofracking. In 2015 the portion created income surpassing USD 9.05 billion. Proppants are additionally categorized as resin, ceramic and resin covered sand. Resin covered sand is generally used to enhance pressing and holds the proppant to its place without streaming back to the wellbore. Raw sand is the most broadly utilized proppant sort by virtue of its low cost and easy availability. Raw sand is utilized normally in more of raw conditions in a wellbore, yet it is hard to use in wellbores with high conclusion pressures. Resin covered sand are relied upon to build their share of the overall industry inferable from their cost benefits over ceramics and enhanced execution over utilization of raw sand. Different materials utilized for hydraulic fracturing alongside proppants incorporate sodium chloride, ethylene glycol, magnesium peroxide, methanol, tetramethyl ammonium chloride and hydrochloric acid.
Application Outlook and Trend Analysis
Atypical hydrocarbon reserves including CBM, shale, and tight oil & gas ruled the worldwide hydraulic fracturing industry representing more than 75 percent of the aggregate income in 2015. With the introduction of the shale blast in the United States, the segment rose as the biggest application section. Shale gas is anticipated to develop at a significant rate in the upcoming years. As per IEA estimates, generation of natural gas is relied upon to develop over next couple of years and shale gas is required to be a noteworthy supporter of this development. Tight oil, otherwise called shale oil, is likewise expected to be a central wellspring of substantial raw petroleum in the following couple of years. Water powered breaking industry is expected to witness stable development in tight gas and coal bed methane (CBM) bowls throughout the following couple of years. Expanding E&P in CBM bowls especially in Indonesia, Russia, Australia, China and United States is required to be a noteworthy supporter of water driven breaking market development over the gauge time frame.
Regional Outlook and Trend Analysis
In 2015 North America overwhelmed the worldwide request and represented more than 85 percent of aggregate profit. The United States and Canada together represented the major share in the worldwide hydraulic fracturing industry. Accessibility of major resources including government help, technology and skilled manpower combined with expanding E&P exercises in capricious reserves might be credited to high market infiltration in these locales. Asia Pacific holds massive potential for the business development throughout the following couple of years. Accessibility of vast in fact recoverable shale and CMB saves in Australia, China, and Indonesia alongside extensive ventures through FDI directs in the hydrocarbon segment in these countries is relied upon to make lucrative chances for the business members to investigate the undiscovered potential in the atypical hydrocarbon saves in these local markets. Hydraulic fracturing industry is relied upon to witness significant development in nations including Algeria, Russia, Poland, and Argentina over the conjecture time frame because of rising examinations for building up the extensive accessible atypical hydrocarbon reserves.
The worldwide water driven breaking market is respectably united attributable to the existence of substantial number key industry members over the industry. Leading organizations working in the business contains multinational combinations including microseismic companies, proppants, E&P companies, oilfield service corporations and individual equipment. The worldwide market is commanded by oilfield specialist co-op organizations including FTS INTERNATIONAL SERVICES, LLC, Halliburton, BJ Services and Schlumberger. Other prominent players in the market are Trican Well Service Ltd, United Oilfield Services, Calfrac Well Services, Weatherford International, Superior Well Services and Cudd Energy Services.
The global Hydraulic Fracturing Market is segmented as follows-
Plug and Perf
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?