Pressure Pumping Market Size, Statistics, Growth Trend Analysis and Forecast Report, 2022 – 2032

Pressure Pumping Market is segmented by Type (Vapor Chamber, Variable Conductance, Diode, Thermosyphon and Others), End User (Automotive, Aerospace & Defense, Food and beverage, Energy & power), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World), and Pressure Pumping Market Companies (China Oilfield Services Ltd., Baker Hughes Incorporated, Weatherford International Limited, Schlumberger Limited, Premier Pressure Pumping, and Halliburton Company)

  • Report ID : MD2625
  • |
  • Pages : 180
  • |
  • Tables : 60
  • |
  • Formats :

Pressure Pumping Market Size shall reach a value of $XX Million in 2032, growing with a CAGR of 9.1% during the forecast period of 2022 to 2032.

Increased adoption of pressure pumping for wells is anticipated to fuel up the market growth

A pressure pumping process cracks rock formations via pressurized liquids, making oil and gas extraction more efficient. It will likely gain popularity due to the increasing demand for the petroleum reserves such as gas, oil, and others in emerging countries. These petroleum reserves can be easily extracted from these reserves using a variety of instruments and drilling techniques. Further, pressure pumping widespread adoption will likely be fuelled by the demand for advanced equipment, tools, and technology. Pressure Pumping technologies demand is likely to be stimulated by growing exploration activities and increasing natural resource extraction investments. India produced 262,94 Million Metric Tonnes (MMT) of petroleum products in 2019-2020, according to the National Investment Promotion & Facilitation Agency. Considering these factors, the market is likely to grow in the next few years

Pressure Pumping Market Growth and Trends

The global pressure pumping market held a market value of US$ 83.65 billion in 2019 and is expected to grow at a CAGR of 4.1% to a projected market value of US$ 78.17 billion by 2025. The growing industrialization is the major driving factor behind the growth of the pressure pumping market.
The rising globalization has resulted in emerging economies with higher disposable incomes. The increasing need for power, energy, and fuel has significantly elevated owing to the escalating urbanization and industrialization. The dwindling resources as a result of the rising population and over-usage issues have increased the need for propagating resources from the less permeable sources. The rising need for the exploration and production activities in obtaining non-conventional shale gas has propelled the demand for pressure pumping. The growing concern of facing difficulties in oil and gas extraction in several maturing reservoirs is fueling the growth of the pressure pumping market.

The recent surge in the number of recoverable explorations for resources is a major contributing factor to the pressure pumping market. The increasing inefficiency in the oil drilling activities has caught the attention of heavy investments from major oil and gas companies with strategic marketing and is likely to bolster the market growth for the pressure pumping market. The rising trend of utilizing non-conventional resources is expected to drive the pressure pumping market forward. Several Governments have undertaken efforts to diminish their oil import dependence by boosting indigenous oil production. This is a vital upthrust to the market growth of the pressure pumping market.

Drastic impact of pressure pumping on the environment:

• Access to water
• A chemical spill at the surface
• Mining sand for pressure pumping and its consequences
• Surface water quality is degraded as a result of waste fluid disposal
• Ground water quality degradation
• Seismicity induced by the injection of waste fluids into deep disposal wells

Drilling for oil and gas can also cause:

• Polluted air
• Noise pollution
• Luminous night skies due to pollution
• Changes in the landscape, such as forest fragmentation
• Disruption of wildlife corridors and habitats
• The mentioned potential impacts do not occur at every site, and many can be avoided or mitigated with the proper practices.

Pressure Pumping Market Segmentation

Hydrogen fracturing dominated the market in 2016, accounting for 76.7% of global revenue. In North America, pressure pumping is the most popular, and it is expected to continue until 2025. By 2040, it is expected that U.S. tight oil and gas production will reach 21 million barrels per day. Consequently, pumping pressure is expected to increase in the coming years.

Over 14.0% of the global revenue in 2016 came from cementing. With steady drilling activities in the U.S. and stable oil prices, cementing services are expected to remain in high demand. Although uncompleted wells continue to be drilled in the U.S., this may hamper growth over the forecast period.
The drop in oil prices in 2014 adversely affected the market, which resulted in lower capital expenditures. Huge cuts in exploration and production (E&P) expenditures as well as layoffs affected industry dynamics significantly. Over the forecast period, the demand for pressure pumping operations is expected to stabilize due to stable prices in 2017 and an increase in upstream oil & gas investments.

Pressure Pumping Market Regional analysis

Asia Pacific is projected to exhibit strong demand for pressure pumping in the near future due to rapid industrialization, which has led to an increase in the demand for oil. In addition, efforts undertaken by various governments in the region to reduce dependence on oil imports and boost indigenous oil production are anticipated to provide a tremendous upthrust to the overall market. The global market is estimated to be dominated by North America in terms of revenue. Rise in upstream oil and gas investments in the U.S. in 2017 is likely to be a key factor contributing to the growth of the market over the forecast period. Upstream oil and gas investments in the U.S. witnessed an upswing of nearly 53% in 2017 as compared to 2016.
Pressure pumping is expected to be in high demand in the near future in Asia Pacific due to rapid industrialization, which has resulted in increased oil demand. In addition, the efforts underway by various governments in the region to decrease dependence on oil imports and to boost indigenous oil production look set to give the market a significant boost. Over the forecast period, the increase in upstream oil and gas investment in the U.S. is likely to contribute to market growth. U.S. investments in upstream oil and gas increased by nearly 53% in 2017 over 2016.

Pressure Pumping Market Companies

Pressure pumping was dominated by horizontal wells in 2016, accounting for 82.4% of the global value. The growth of the market is likely to be driven by increased productivity, technological advancements, and the advantages provided by horizontal wells. Vertical wells were valued at USD 5.9 billion in 2016 and are anticipated to grow at a CAGR of 3.6% between 2017 and 2025. In developing countries such as India, Argentina, and Algeria, declining prices of vertical wells are expected to boost their demand. Drilling costs for vertical depth have declined from nearly USD 200 per foot in 2012 to nearly USD 100 per foot in 2016.
For advanced completion optimization services, Corva, a provider of real-time drilling and completion analytics, partnered with Drill2Fac, a leading provider of rock characterization services for pressure pumping design, in September. In January 2019, C & J Energy and Seismos combined their technology for precisely evaluating pressure pumping. Under this collaboration, C&J will analyze drill data from horizontal wells for describing rock properties, and Seismos will measure the fracture network in real-time as pressure pumping is conducted.

Pressure Pumping Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2032)
• Pressure pumping
• Cementing
• Others

Well Type Analysis (Revenue, USD Million, 2022 - 2032)
• Horizontal
• Vertical
• Directional

Region Analysis (Revenue, USD Million, 2022 - 2032)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of the World

Pressure Pumping Market Companies
• China Oilfield Services Ltd.,
• Baker Hughes Incorporated,
• Weatherford International Limited,
• Schlumberger Limited,
• Premier Pressure Pumping,
• Halliburton Company.

Available Versions of Pressure Pumping Market: -

United States Pressure Pumping Market Research Report
Europe Pressure Pumping Market Research Report
Asia Pacific Pressure Pumping Market Research Report
India Industry Pressure Pumping Market Report

• Customization can be done in the existing research scope to cater to your specific
requirements without any extra charges* (terms and conditions apply)

• Send us a query to get the Table of Contents and Research Scope along with the research
scope and proposal.

Reach out directly to David Correa at his email: -
OR fill the below "Sample Request FORM" with your queries in the message box.


20% Free Customization ON ALL PURCHASE

*Terms & Conditions Apply

Request Free Sample

Please fill in the form below to Request for free Sample Report

  • Office Hours Mon - Sat   10:00 - 16:00

  • Send Us Mail