July 12, 2024

Hydraulic Fracturing Market Size to Reach US$ 27.99 Billion By 2030

The global hydraulic fracturing market size was valued approximately at US$ 12.37 billion in 2021 and is projected to reach US$ 27.99 billion by 2030, registering a CAGR of 9.5% from 2022 to 2030.

Hydraulic Fracturing Market Size 2022 to 2030

The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The hydraulic fracturing market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

Download a FREE Sample Copy (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/sample/1573

Hydraulic fracturing method is utilized to create cracks deep under the earth surface and are spread and widened using chemicals, water and sand at high pressure. More often, the resources extracted while utilizing this method are called, tight gas or tight oil as these fossil fuels forms are stuck tightly inside the hard shale rock formation.

The technologies used to extract tight gas or tight oil is quickly gaining traction in various parts of the world. Furthermore, a significant growth in the number of production and exploration activities in the gas and petroleum sector is expected to drive the market during the forecast period.

In addition, a rise in the demand for primary energy sources for various operations like transportation, power generation, and household activities has led to an increased level of consumption of gas & oil in several industries. The demand for this type of extraction system is anticipated to be driven by the rising concern of declining product situations of petroleum endured by some of the major players in the market owing to the depleting levels of conventional reserves.

The decline in the product levels is anticipated to widen the supply-demand gap in the sector which is anticipated to further increase the hydrocarbon extraction from unconventional reserves which is done using a combination of hydraulic fracturing technique with vertical drilling.

Hydraulic Fracturing Market Estimations Y-O-Y:
Market Size Was Valued In 2021US$ 12.37 Billion
Market Size Is Projected to Reach By 2022US$ 13.53 Billion
Market Size Is Projected to Reach By 2030US$ 27.99 Billion
Compound Annual Growth Rate (CAGR) from 2022 to 20309.5%
Hydraulic Fracturing  Market Regional Snapshot

Presently, the North America region’s market reckoned for dominant market share of the global market of hydraulic fracturing. This dominance is due to growing demand for innovative technologies in oil& gas market, and rising shale gas production in the regional countries. The market in Asia Pacific is likely to foresee fastest growth over the cast period, owing to growing energy demand and adding number of discoveries of unconventional hydrocarbon reserves emerging economies in the region.

Report Scope of the Hydraulic Fracturing Market
Report CoverageDetails
Market SizeUSD 27.99 Billion by 2030
Growth RateCAGR of 9.5% from 2022 to 2030
Base Year2021
Leading MarketAsia Pacific
Fastest Growing MarketNorth America
Forecast Period2022 to 2030
Segments CoveredType, Nature, Region
Hydraulic Fracturing Market Report Highlights
  • Based on the application, segment named shale gas is likely to grow at the fastest CAGR during the forthcoming time period. In addition, there are a myriad number of shale reserves around the world.
  • Based on the type, the horizontal well segment is likely to dominate the global market of hydraulic fracturing due to the growing production of shale, which further requires hydraulic fracturing which are the key drivers for hydraulic fracturing market growth.

Read Also: Electric Vehicle Range Extender Market Size, Share, Growth Trends 2022-2030

Hydraulic Fracturing Market Dynamics

Increasing shale exploration and production activities globally

Reservoirs of shale are highly reinforce, which turns the extraction process tough. Shale reservoirs bear high intervention processes to optimize oil product. Therefore, vertical drilling and hydraulic fracturing conditioning are further performed in order to extract shale oil& gas. The bulk of shale reserves are grounded in North America, with the US dominating the regional market, and in some parts of Europe and Asia.

According to the US EIA, the oil production in US from 7 major shale conformations have foreseen a rise of about 29,000 barrels per day in January 2020, which is 9.1 million barrels each day of shale oil production. The rising shale oil and gas production from the North Dakota receptacle, Montana’s Bakken Formation, and Permian basin, and the growing shale developments are further responsible for the shale smash in the US, making it the largest oil- producing country in the world, ahead of Saudi Arabia and Russia.


High water usage and environmental concerns associated with hydraulic fracturing

The fracturing fluid comprises 99.5% water, which is used from near lakes & rivers or wastewater treatment shops. The water availability plays a vital part in the fracturing operations performance. However, the water used in the operations of fracturing gets mixed with numerous chemicals of fracturing although in less volume, which can beget water pollution. Water impurity is another issue which has to be answered at every stage of fracturing. In addition, every stage of the water cycle of hydraulic fracturing, companies have to insure that well integrity is maintained and there are no leaks of fluid.


Capability of foams of providing waterless


With their excellent properties, similar as low liquid content and high density, foams find application in numerous processes of the petroleum market. They use lower water in it as compared to the traditional fracturing and further help the companies in addressing public enterprises on the fracturing’s environmental effects. In process, fracturing comprise of a large share of the total water needed by well drilling roughly 80%. This provides a great occasion for players to include barren fracking in their product portfolio to capture maximum request share.


Health and environmental impacts of

fracking chemicals

The hydraulic fracturing technology advancements have boosted the domestic energy sources. Still, the substances used in the fracking process benzene, formaldehyde, toluene, ethylbenzene, and xylene are poisonous in nature. There are considerable pitfalls associated with the release of these substances over the environment. Likewise, blow-outs have passed during fracking operations, and fracking fluids tumbles and other chemicals have caused pollution in rivers and lakes. Therefore, fracking is a cause of groundwater impurity in near areas of wells. The pollution can lead to conditions, deaths, and inheritable blights. Contamination from fracking has been found at stages that pose a trouble to human health.

Key Market Developments
  • In August 2021, the key player named NexTier Oilfield Solutions has acquired the company named as Alamo Pressure Pumping, LLC. In addition, owing to this acquisition, the key player will operate in the third-largest active hydraulic horsepower base all across the U.S. and also in the next-generation equipmentlargest base in the Permian Basin.
Some of the prominent players in the global hydraulic fracturing market include:
  • Kitchen United
  • Rebel Foods
  • DoorDash Kitchen
  • Zuul Kitchen
  • Keatz
  • Kitopi
  • Ghost Kitchen Orlando
  • Dahmakan
  • Starbucks (Star Kitchen)
  • Cloud Kitchen
Segments Covered in the Report
By Type
  • Independent
  • Commissary/Shared Kitchen
  • Kitchen Pods
By Nature
  • Standalone
  • Franchised
By Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Chapter 1. Introduction

1.1.   Research Objective

1.2.   Scope of the Study

1.3.   Definition

Chapter 2. Research Methodology

2.1.   Research Approach

2.2.   Data Sources

2.3.   Assumptions & Limitations

Chapter 3. Executive Summary

3.1.   Market Snapshot

Chapter 4. Market Variables and Scope

4.1.   Introduction

4.2.   Market Classification and Scope

4.3.   Industry Value Chain Analysis

4.3.1.Raw Material Procurement Analysis

4.3.2.Sales and Distribution Channel Analysis

4.3.3.Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Hydraulic Fracturing Market

5.1.   COVID-19 Landscape: Hydraulic Fracturing Industry Impact

5.2.   COVID 19 – Impact Assessment for the Industry

5.3.   COVID 19 Impact: Global Major Government Policy

5.4.   Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1.   Market Dynamics

6.1.1.Market Drivers

6.1.2.Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3.Vendor Landscape List of Suppliers List of Buyers

Chapter 8. Global Hydraulic Fracturing Market, By Type

8.1.   Hydraulic Fracturing Market, by Type, 2021-2030

8.1.1. Independent            Market Revenue and Forecast (2019-2030)

8.1.2. Commissary/Shared Kitchen            Market Revenue and Forecast (2019-2030)

8.1.3. Kitchen Pods            Market Revenue and Forecast (2019-2030)

Chapter 9. Global Hydraulic Fracturing Market, By Nature

9.1.   Hydraulic Fracturing Market, by Nature, 2021-2030

9.1.1. Standalone            Market Revenue and Forecast (2019-2030)

9.1.2. Franchised            Market Revenue and Forecast (2019-2030)

Chapter 10.                  Global Hydraulic Fracturing Market, Regional Estimates and Trend Forecast

10.1.                  North America

10.1.1.   Market Revenue and Forecast, by Type (2019-2030)

10.1.2.   Market Revenue and Forecast, by Nature (2019-2030)

10.1.3.   U.S.         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.1.4.   Rest of North America         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.2.                  Europe

10.2.1.   Market Revenue and Forecast, by Type (2019-2030)

10.2.2.   Market Revenue and Forecast, by Nature (2019-2030)

10.2.3.   UK         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.2.4.   Germany         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.2.5.   France         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.2.6.   Rest of Europe         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.3.                  APAC

10.3.1.   Market Revenue and Forecast, by Type (2019-2030)

10.3.2.   Market Revenue and Forecast, by Nature (2019-2030)

10.3.3.   India         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.3.4.   China         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.3.5.   Japan         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.3.6.   Rest of APAC         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.4.                  MEA

10.4.1.   Market Revenue and Forecast, by Type (2019-2030)

10.4.2.   Market Revenue and Forecast, by Nature (2019-2030)

10.4.3.   GCC         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.4.4.   North Africa         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.4.5.   South Africa         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.4.6.   Rest of MEA         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.5.                  Latin America

10.5.1.   Market Revenue and Forecast, by Type (2019-2030)

10.5.2.   Market Revenue and Forecast, by Nature (2019-2030)

10.5.3.   Brazil         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

10.5.4.   Rest of LATAM         Market Revenue and Forecast, by Type (2019-2030)         Market Revenue and Forecast, by Nature (2019-2030)

Chapter 11.                  Company Profiles

11.1.                  Kitchen United

11.1.1.   Company Overview

11.1.2.   Type Offerings

11.1.3.   Financial Performance

11.1.4.   Recent Initiatives

11.2.                  Rebel Foods

11.2.1.   Company Overview

11.2.2.   Type Offerings

11.2.3.   Financial Performance

11.2.4.   Recent Initiatives

11.3.                  DoorDash Kitchen

11.3.1.   Company Overview

11.3.2.   Type Offerings

11.3.3.   Financial Performance

11.3.4.   Recent Initiatives

11.4.                  Zuul Kitchen

11.4.1.   Company Overview

11.4.2.   Type Offerings

11.4.3.   Financial Performance

11.4.4.   Recent Initiatives

11.5.                  Keatz

11.5.1.   Company Overview

11.5.2.   Type Offerings

11.5.3.   Financial Performance

11.5.4.   Recent Initiatives

11.6.                  Kitopi

11.6.1.   Company Overview

11.6.2.   Type Offerings

11.6.3.   Financial Performance

11.6.4.   Recent Initiatives

11.7.                  Ghost Kitchen Orlando

11.7.1.   Company Overview

11.7.2.   Type Offerings

11.7.3.   Financial Performance

11.7.4.   Recent Initiatives

11.8.                  Dahmakan

11.8.1.   Company Overview

11.8.2.   Type Offerings

11.8.3.   Financial Performance

11.8.4.   Recent Initiatives

11.9.                  Starbucks (Star Kitchen)

11.9.1.   Company Overview

11.9.2.   Type Offerings

11.9.3.   Financial Performance

11.9.4.   Recent Initiatives

11.10.               Cloud Kitchen

11.10.1. Company Overview

11.10.2.   Type Offerings

11.10.3.   Financial Performance

11.10.4.                    Recent Initiatives

Chapter 12.  Research Methodology

12.1.   Primary Research

12.2.   Secondary Research

12.3.  Assumptions

Chapter 13.    Appendix

13.1.  About Us

13.2.   Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s hydraulic fracturing market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1573

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com

Frequently Asked Questions:

[sc_fs_multi_faq headline-0=”h5″ question-0=”What is the current size of hydraulic fracturing market?” answer-0=”According to Precedence Research, the global hydraulic fracturing market size was reached at US$ 12.37 billion in 2021 and is anticipated to surpass around US$ 27.99 billion by 2030. ” image-0=”” headline-1=”h5″ question-1=”What will be the CAGR of global hydraulic fracturing market?” answer-1=”The global hydraulic fracturing market is growing at a CAGR of 9.5% during the forecast period 2022 to 2030. ” image-1=”” headline-2=”h5″ question-2=”Who are the major players operating in the hydraulic fracturing market?” answer-2=”The major players operating in thehydraulic fracturing market are Kitchen United, Rebel Foods, DoorDash Kitchen, Zuul Kitchen, Keatz, Kitopi, Ghost Kitchen Orlando, Dahmakan, Starbucks (Star Kitchen), Cloud Kitchen ” image-2=”” headline-3=”h5″ question-3=”Which are the driving factors of the hydraulic fracturing market?” answer-3=”A significant increase in the offshore and onshore oil and gas exploration activities is one of the major factors driving the market growth. ” image-3=”” headline-4=”h5″ question-4=”Which region will lead the global hydraulic fracturing market?” answer-4=”Asia Pacific will dominate the global liquid biofuels market during 2022 to 2030. ” image-4=”” count=”5″ html=”true” css_class=””]

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

View all posts by Precedence Research →