Global Hydraulic Fracturing Market Size, Status and Forecast 2020-2026

Hydraulic fracturing is a well stimulation technique in which rock is fractured by a pressurized liquid. The process involves the high-pressure injection of 'fracking fluid' (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open.
China is expected to exponentially increase its shale gas production by 2018, which in turn is expected to drive the hydraulic fracturing market in the Asian region. Other countries are also expected to drive their shale gas production in the future to enhance their economic growth.

Market Analysis and Insights: Global Hydraulic Fracturing Market
The global Hydraulic Fracturing market size is projected to reach US$ 64890 million by 2026, from US$ 60510 million in 2020, at a CAGR of 6.7%% during 2021-2026.

Global Hydraulic Fracturing Scope and Market Size
Hydraulic Fracturing market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Hydraulic Fracturing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The key players covered in this study

GE(Baker Hughes)
Calfrac Well
Fts International
Halliburton
Nabors Industries
Patterson-Uti Energy
RPC
Schlumberger Limited
Tacrom Services
Trican Well Service
United Oilfield Services
Superior Well Services

Market segment by Type, the product can be split into

Horizontal Wells
Vertical Wells

Market segment by Application, split into

Residents
Industrial
Electric Power

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India