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Published: Oct, 2014 | Pages:
75 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)
The global hydraulic fracturing market is expected to reach USD 90.55 billion by 2020. Regulatory support in the form of tax benefits and financial incentives, particularly in North America and Asia Pacific is expected to drive the global hydraulic fracturing market over the next six years. Depleting conventional oil & gas reserves has prompted the industry to shift its focus towards developing unconventional resources of energy which is also expected to have positive impact on market growth. Environment issues on account of ground water contamination have led regulatory bodies across various European countries to ban the use hydraulic fracturing and this is expected to remain a key challenge for market participants.
Plug & perf emerged as the leading technology used for hydraulic fracturing and accounted for 85.6% of total market revenue in 2013. Plug & perf is also expected to be the fastest growing technology at an estimated CAGR of 12.1% from 2014 to 2020. Use of plug & perf technique enables multistage fracturing for cased holes. Owing to its ease in accessibility for fracturing horizontal wells, this technology is preferred over sliding sleeve technique in the global hydraulic fracturing market.
Further key findings from the study suggest:
Global hydraulic fracturing market was valued at USD 41.62 billion in 2013 and is expected to reach USD 90.55 billion by 2020, growing at a CAGR of 11.8% from 2014 to 2020.
Proppants are one of the most important materials used for carrying out hydraulic fracturing and accounted for 28.5% of total hydraulic fracturing market revenue in 2013. Sand proppants emerged as the leading proppant product segment and accounted for 45.6% of total market revenue in 2013. Ceramic is expected to be the fastest growing proppant product segment at an estimated CAGR of 10.6% from 2014 to 2020.
Shale gas emerged as the leading application segment and accounted for 28.3% of total market revenue in 2013. Shale gas is also expected to be the fastest growing application segment at an estimated CAGR of 13.7% from 2014 to 2020. Shale gas boom in the U.S. and rapidly developing shale gas reserves in China is expected to drive the demand for hydraulic fracturing in this segment.
North America continued its dominance in the global hydraulic fracturing market and accounted for 88.8% of total market revenue in 2013. Increasing acreages in shale basins in U.S. and Canada coupled with government support for hydraulic fracturing has contributed to the growth of hydraulic fracturing in the region. Asia Pacific is expected to be a high-growth regional market, at an estimated CAGR of 19.1% from 2014 to 2020. Increasing E&P activities in unconventional oil & gas reserves, especially in China is expected to drive the regional hydraulic fracturing market.
The global hydraulic fracturing market is moderately fragmented with the top four companies including Schlumberger, Halliburton, Baker Hughes and FTS International accounted for just over 55% of the global market in 2013. Other significant companies operating in the market include Weatherford International, Calfrac Well Services, Cudd Energy, Superior Well Services, Talcrom Services, Trican Well Services and United Oilfield Services.
For the purpose of this study, Grand View Research has segmented the hydraulic fracturing market on the basis of technology, material, application and region:
Global Hydraulic Fracturing Technology Outlook (Revenue, USD Million, 2012 - 2020)
Plug & Perf
Sliding Sleeve
Global Hydraulic Fracturing Material Outlook (Revenue, USD Million, 2012 - 2020)
Proppant
Sand
Ceramic
Resin Coated Sand
Others
Global Hydraulic Fracturing Application Outlook (Revenue, USD Million, 2012 - 2020)
Shale Gas
Tight Gas
Tight Oil
CBM
Others
Global Hydraulic Fracturing Regional Outlook (Revenue, USD Million, 2012 - 2020)
North America
Europe
Asia Pacific
RoW
Table of Contents
Chapter 1 Executive Summary 1.1 Hydraulic Fracturing- Industry Summary & Critical Success Factors (CSFs) Chapter 2 Hydraulic Fracturing Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Hydraulic Fracturing Value Chain Analysis 2.4 Hydraulic Fracturing Market Dynamics 2.4.1 Market driver analysis 2.4.1.1 Growing energy demand 2.4.1.2 Shift in trend towards developing unconventional sources 2.4.1.3 Favorable government policies 2.4.2 Market restraint analysis 2.4.2.1 Stringent environment regulations 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Hydraulic Fracturing- Company Market Share Analysis, 2013 2.8 Hydraulic Fracturing- PESTEL Analysis Chapter 3 Hydraulic fracturing Technology Outlook 3.1 Global hydraulic fracturing market share by technology, 2013 & 2020 3.2 Plug & Perf 3.2.1 Market estimates and forecast, 2012-2020, (USD Million) 3.2.2 Market estimates and forecast by region, 2012-2020, (USD Million) 3.3 Sliding Sleeve 3.3.1 Market estimates and forecast, 2012-2020, (USD Million) 3.3.2 Market estimates and forecast by region, 2012-2020, (USD Million) Chapter 4 Hydraulic Fracturing Material Outlook 4.1 Global hydraulic fracturing market share by Material, 2013 & 2020 4.2 Proppant 4.2.1 Market estimates and forecast, 2012-2020, (USD Million) 4.2.2 Market estimates and forecast by region, 2012-2020, (USD Million) 4.2.3 Market estimates and forecast by product, 2012-2020, (USD Million) 4.2.3.1 Sand 4.2.3.1.1 Market estimates and forecast, 2012-2020, (USD Million) 4.2.3.1.2 Market estimates and forecast by region, 2012-2020, (USD Million) 4.2.3.2 Resin Coated Sand 4.2.3.2.1 Market estimates and forecast, 2012-2020, (USD Million) 4.2.3.2.2 Market estimates and forecast by region, 2012-2020, (USD Million) 4.2.3.3 Ceramic 4.2.3.3.1 Market estimates and forecast, 2012-2020, (USD Million) 4.2.3.3.2 Market estimates and forecast by region, 2012-2020, (USD Million) 4.3 Others 4.3.1 Market estimates and forecast, 2012-2020 (USD Million) Chapter 5 Hydraulic Fracturing Application Outlook 5.1 Global hydraulic fracturing market share by application, 2013 & 2020 5.2 Shale Gas 5.2.1 Market estimates and forecast, 2012-2020, (USD Million) 5.2.2 Market estimates and forecast by region, 2012-2020, (USD Million) 5.3 Tight Gas 5.3.1 Market estimates and forecast, 2012-2020, (USD Million) 5.3.2 Market estimates and forecast by region, 2012-2020, (USD Million) 5.4 Tight Oil 5.4.1 Market estimates and forecast, 2012-2020, (USD Million) 5.4.2 Market estimates and forecast by region, 2012-2020, (USD Million) 5.5 Coal Bed Methane (CBM) 5.5.1 Market estimates and forecast, 2012-2020, (USD Million) 5.5.2 Market estimates and forecast by region, 2012-2020, (USD Million) 5.6 Others 5.6.1 Market estimates and forecast, 2012-2020, (USD Million) 5.6.2 Market estimates and forecast by region, 2012-2020, (USD Million) Chapter 6 Hydraulic Fracturing Regional Outlook 6.1 Global hydraulic fracturing market share by region, 2013 & 2020 6.2 North America 6.2.1 Market estimates and forecast, 2012-2020, (USD Million) 6.2.2 Market estimates and forecast by technology, 2012-2020, (USD Million) 6.2.3 Market estimates and forecast by material, 2012-2020, (USD Million) 6.2.3.1 Market estimates and forecast proppant product, 2012-2020, (USD Million) 6.2.4 Market estimates and forecast by application, 2012-202, (USD Million) 6.3 Europe 6.3.1 Market estimates and forecast, 2012-2020, (USD Million) 6.3.2 Market estimates and forecast by technology, 2012-2020, (USD Million) 6.3.3 Market estimates and forecast by material, 2012-2020, (USD Million) 6.3.3.1 Market estimates and forecast proppant product, 2012-2020, (USD Million) 6.3.4 Market estimates and forecast by application, 2012-202, (USD Million) 6.4 Asia Pacific 6.4.1 Market estimates and forecast, 2012-2020, (USD Million) 6.4.2 Market estimates and forecast by technology, 2012-2020, (USD Million) 6.4.3 Market estimates and forecast by material, 2012-2020, (USD Million) 6.4.3.1 Market estimates and forecast proppant product, 2012-2020, (USD Million) 6.4.4 Market estimates and forecast by application, 2012-202, (USD Million) 6.5 RoW 6.5.1 Market estimates and forecast, 2012-2020, (USD Million) 6.5.2 Market estimates and forecast by technology, 2012-2020, (USD Million) 6.5.3. Market estimates and forecast by material, 2012-2020, (USD Million) 6.5.3.1 Market estimates and forecast proppant product, 2012-2020, (USD Million) 6.5.4 Market estimates and forecast by application, 2012-202, (USD Million) Chapter 7 Competitive Landscape 7.1 Baker Hughes Inc. 7.1.1 Company Overview 7.1.2 Financial Performance 7.1.3 Product Benchmarking 7.1.4 Strategic Initiatives 7.2 Calfrac Well Services Ltd. 7.2.1 Company Overview 7.2.2 Financial Performance 7.2.3 Product Benchmarking 7.2.4 Strategic Initiatives 7.3 Cudd Energy Services. 7.3.1 Company Overview 7.3.2 Financial Performance 7.3.3 Product Benchmarking 7.3.4 Strategic Initiatives 7.4 FTS International 7.4.1 Company Overview 7.4.2 Financial Performance 7.4.3 Product Benchmarking 7.4.4 Strategic Initiatives 7.5 Halliburton 7.5.1 Company Overview 7.5.2 Financial Performance 7.5.3 Product Benchmarking 7.5.4 Strategic Initiatives 7.6 Schlumberger 7.6.1 Company Overview 7.6.2 Financial Performance 7.6.3 Product Benchmarking 7.6.4 Strategic Initiatives 7.7 Tacrom Services S.R.L. 7.7.1 Company Overview 7.7.2 Financial Performance 7.7.3 Product Benchmarking 7.7.4 Strategic Initiatives 7.8 Superior Well Services Inc. 7.8.1 Company Overview 7.8.2 Financial Performance 7.8.3 Product Benchmarking 7.8.4 Strategic Initiatives 7.9 Trican Well Service Ltd. 7.9.1 Company Overview 7.9.2 Financial Performance 7.9.3 Product Benchmarking 7.9.4 Strategic Initiatives 7.10 United Oilfield Services. 7.10.1 Company Overview 7.10.2 Financial Performance 7.10.3 Product Benchmarking 7.10.4 Strategic Initiatives 7.11 Weatherford International Inc. 7.11.1 Company Overview 7.11.2 Financial Performance 7.11.3 Product Benchmarking 7.11.4 Strategic Initiatives 7.12 C&J Energy Services Inc. 7.12.1 Company Overview 7.12.2 Financial Performance 7.12.3 Product Benchmarking 7.12.4 Strategic Initiatives Chapter 8 Methodology & Scope 8.1 Research Methodology 8.2 Research Scope & Assumptions 8.3 List of Data Sources List of Tables 1. Hydraulic Fracturing - Industry Summary & Critical Success Factors (CSFs) 2. Global hydraulic fracturing market revenue, 2012 - 2020, (USD Million) 3. Global hydraulic fracturing market revenue by region, (USD Million), 2012 - 2020 4. Global hydraulic fracturing market revenue by technology, (USD Million), 2012 - 2020 5. Global hydraulic fracturing market revenue by material, (USD Million), 2012 - 2020 6. Global hydraulic fracturing proppant market revenue by product, (USD Million), 2012 - 2020 7. Global hydraulic fracturing market revenue by application, (USD Million), 2012 - 2020 8. Hydraulic fracturing - Key market driver analysis 9. Hydraulic fracturing - Key market restraint analysis 10. Major risks associated with hydraulic fracturing 11. Global recoverable shale gas reserves by region (TCF), 2013 12. Global hydraulic fracturing by plug & perf technology market revenue estimates and forecast, 2012-2020, (USD Million) 13. Global hydraulic fracturing by plug & perf technology market revenue estimates & forecast by region, 2012 - 2020 (USD million) 14. Global hydraulic fracturing by sliding sleeve technology market revenue estimates and forecast, 2012-2020, (USD Million) 15. Global hydraulic fracturing by sliding sleeve technology market revenue estimates & forecast by region, 2012 - 2020 (USD million) 16. Global hydraulic fracturing proppant market revenue estimates and forecast , 2012-2020, (USD Million) 17. Global hydraulic fracturing proppant market revenue estimates and forecast by region, 2012 - 2020 (USD million) 18. Global hydraulic fracturing proppant market estimates and forecast by product, 2012-2020 (USD Million) 19. Global sand proppant market revenue estimates and forecast , 2012-2020, (USD Million) 20. Global hydraulic fracturing sand proppant market estimates and forecast by region, 2012 - 2020 (USD Million) 21. Global ceramic proppant market revenue estimates and forecast , 2012-2020, (USD Million) 22. Global hydraulic fracturing ceramic proppant market estimates and forecast by region, 2012 - 2020 (USD Million) 23. Global resin coated sand proppant market revenue estimates and forecast, 2012-2020, (USD Million) 24. Global hydraulic fracturing resin coated sand proppant market estimates and forecast by region, 2012 - 2020 (USD Million) 25. Global hydraulic fracturing market revenue estimates and forecast from other materials , 2012-2020, (USD Million) 26. Global hydraulic fracturing market revenue estimates and forecast from other materials by region, 2012 - 2020 (USD million) 27. Global hydraulic fracturing market revenue estimates and forecast from shale gas, 2012-2020, (USD Million) 28. Global hydraulic fracturing market revenue estimates and forecast from shale gas by region, 2012 - 2020 (USD million) 29. Global hydraulic fracturing market revenue estimates and forecast from tight gas, 2012-2020, (USD Million) 30. Global hydraulic fracturing market revenue estimates and forecast from tight gas by region, 2012 - 2020 (USD million) 31. Global hydraulic fracturing market revenue estimates and forecast from tight oil, 2012-2020, (USD Million) 32. Global hydraulic fracturing market revenue estimates and forecast from tight oil applications by region, 2012 - 2020 (USD million) 33. Global hydraulic fracturing market revenue estimates and forecast from CBM, 2012-2020, (USD Million) 34. Global hydraulic fracturing market revenue estimates and forecast from CBM by region, 2012 - 2020 (USD million) 35. Global hydraulic fracturing market revenue estimates and forecast from other applications, 2012-2020, (USD Million) 36. Global hydraulic fracturing market revenue estimates and forecast from other applications by region, 2012 - 2020 (USD million) 37. North America hydraulic fracturing market estimates and forecast by, 2012-2020 (USD Million) 38. North America hydraulic fracturing market estimates and forecast by technology, 2012-2020 (USD Million) 39. North America hydraulic fracturing market estimates and forecast by material, 2012-2020, (USD Million) 40. North America hydraulic fracturing proppant market estimates and forecast by product, 2012-2020 (USD Million) 41. North America hydraulic fracturing market estimates and forecast by application, 2012-2020, (USD Million) 42. Europe hydraulic fracturing market estimates and forecast by, 2012-2020 (USD Million) 43. Europe hydraulic fracturing market estimates and forecast by technology, 2012-2020 (USD Million) 44. Europe hydraulic fracturing market estimates and forecast by material, 2012-2020, (USD Million) 45. Europe hydraulic fracturing proppant market estimates and forecast by product, 2012-2020 (USD Million) 46. Europe hydraulic fracturing market estimates and forecast by application, 2012-2020, (USD Million) 47. Asia Pacific hydraulic fracturing market estimates and forecast by, 2012-2020 (USD Million) 48. Asia Pacific hydraulic fracturing market estimates and forecast by technology, 2012-2020 (USD Million) 49. Asia Pacific hydraulic fracturing market estimates and forecast by material, 2012-2020, (USD Million) 50. Asia Pacific hydraulic fracturing proppant market estimates and forecast by product, 2012-2020 (USD Million) 51. Asia Pacific hydraulic fracturing market estimates and forecast by application, 2012-2020, (USD Million) 52. RoW hydraulic fracturing market estimates and forecast by, 2012-2020 (USD Million) 53. RoW hydraulic fracturing market estimates and forecast by technology, 2012-2020 (USD Million) 54. RoW hydraulic fracturing market estimates and forecast by material, 2012-2020, (USD Million) 55. RoW hydraulic fracturing proppant market estimates and forecast by product, 2012-2020 (USD Million) 56. RoW hydraulic fracturing market estimates and forecast by application, 2012-2020, (USD Million) List of Figures 1. Hydraulic Fracturing Market Segmentation 2. Global hydraulic fracturing revenue, 2012 - 2020 (USD Million) 3. Hydraulic Fracturing-Value Chain Analysis 4. Global gross domestic product (GDP) growth rate by economy, (%), 2009-2013 5. Energy consumption by region, Million Tons of Oil Equivalent (MTOE), 2003-2013 6. World energy demand by source, 2008-2022 (Quadrillion BTUs) 7. Natural Gas Production By Region, Million Tons of Oil Equivalent (MTOE), 2003-2013 8. U.S. Natural gas production estimates by source (TCF) , 2003-2025 9. Key Opportunities - Prioritized 10. Hydraulic Fracturing - Porter's Analysis 11. Hydraulic Fracturing - Company Market Share Analysis, 2013 12. Hydraulic Fracturing - PESTEL Analysis 13. Hydraulic fracturing market revenue share by technology, 2013 & 2020 14. Hydraulic fracturing market revenue share by material, 2013 & 2020 15. Hydraulic fracturing proppant market revenue share by product, 2013 & 2020 16. Hydraulic fracturing market revenue share by application, 2013 & 2020 17. Hydraulic fracturing market revenue share by region, 2013 & 2020
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