Home / News / Global Pressure Pumping Market is expected to grow at a CAGR of 16.4 % during the forecast period of 2016-2022 – Brisk Insights

Global Pressure Pumping Market is expected to grow at a CAGR of 16.4 % during the forecast period of 2016-2022 – Brisk Insights

According to a recently published report, the global Pressure Pumping Market is expected to grow at a CAGR of 16.4 % during the forecast period of 2016-2022 and reach $213 billion market by 2022.The segmentation of global pressure pumping market is types and geography. The report global pressure pumping market forecast 2016-2022 (types and geography) provides a detailed overview and predictive analysis of the market.

Full report global pressure pumping market forecast 2016-2022 (types and geography)report at http://www.briskinsights.com/report/pressure-pumping-market

The global pressure pumping market is likely to grow reasonably in the upcoming years. Pressure pumping systems are used to control the access of objects and people, monitor them, and prevent intrusion into any property or information. In the recent years, research and development and rising innovations has given a strong momentum to the global pressure pumping market. Due to recent decrease in the natural gas prices, oil and gas companies have invested heavily on oil drilling activities, which will drive the global pressure pumping market in the near future. Increasing energy demand globally and increase in recoverable resources and production are the major driving factor of global pressure pumping market. As of in 2014, in US there were around 199,684 shale gas reserves i.e. an increase of more than 3 times from 2008 and around 368,704 dry natural gas reserves. In addition, there was an increase of 8.4% in number of oil reserves in the year 2014-2015 in North America. North America holds the largest market share of around 73% inthe global pressure pumping market. Though, the North American market is highly saturated and mature, still it is expected to grow at considerable CAGR in comparison to other regions during the forecast period. In North America, U.S. dominates the region and is led by Halliburton, Schlumberger, Baker Hughes, FTS, Weatherford and Trican Well Services Limited. Hydraulic fracturing holds the largest market share owing to prominent use as the pressure pumping service over the past few years. Few restraints and challenges such as high installation cost, water availability & contamination concerns for hydraulic fracturing, adverse effects of strict government regulations on the pressure pump industry and concerns about seismic activities are hampering the market potential of global pressure pumping market.

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Scope of the Report

  1. Global Pressure Pumping Market by Types 2012-2022 ($ Million)
    1.1. Hydraulic Fracturing
    1.2. Cementing Services
    1.2.1. Primary Cementing
    1.2.2. Remedial Cementing
    1.3. Others
  2. Global Pressure Pumping MarketRegional Outlook 2012-2022($Million)
    2.1. North America
    2.2. Europe
    2.3. Asia Pacific
    2.4. Middle East & Africa
    2.5. Central & South America
  3. Company Profiles
    3.1. Baker Hughes
    3.2. Calfrac Well Services Ltd.
    3.3. China Oilfield Services Ltd.
    3.4. Cudd Energy services
    3.5. Frac Tech Services International
    3.6. Halliburton
    3.7. Key Energy Service
    3.8. Premier Pressure Pumping
    3.9. RPC, Inc.
    3.10. Sanjel Corporation
    3.11. Schlumberger
    3.12. Superior Energy Services.
    3.13. Trican Well Services Limited
    3.14. Universal
    3.15. Weatherford International, Inc.

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