North America Pressure Pumping Services Market is Expected to Reach $71.9 billion in 2018 - New Report by MicroMarket Monitor
(PRWEB) September 09, 2014 -- The North American pressure pumping services market report defines and segments the concerned market with analysis and forecast of revenue. The market is estimated to grow from $40.9 billion in 2013 to $71.9 billion by 2018, at a CAGR of 11.9% from 2013 to 2018.
Browse through the TOC of the North American pressure pumping services market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
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The technique of recovering resources from low permeable rocks has become extremely popular, especially in North America. In 2014 the North American hydraulic fracturing market accounts more than 70% share of the global hydraulic fracturing market due to the shale gas boom. There is a combination of drivers that pushes the North American hydraulic fracturing market, such as the favorable government regulations with regard to oil &gas exploration. The geology in North America is more favorable than in other parts of the world, and resources are more accessible.
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The hydraulic fracturing is the most frequently used pressure pumping services, along with cementing, sand control services, and acidization. However, pressure pumping services are facing a lot of public opposition due to the environmental hazards caused by fracturing. The environmental concerns of pressure pumping include water usage, water contamination, and seismic activities. Due to these environmental concerns, the growth of the global market is diminished. Hence, the North American market is near its maturity and the movement in the market will be subjected to competition only.
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The environmental concerns can be addressed by utilizing waterless fracturing-foams. This alternative, due to its high viscosity and low liquid content, utilizes less water as compared to traditional fracturing. Hence, it addresses the public concerns over the environmental effects of fracturing.
This market is segmented and forecast based on types of pressure pumping services, and geography. The market is segmented based on major countries, which include the U.S. and Canada. The pressure pumping services included in this report are based on service type, such as hydraulic fracturing, cementing, and others. The market is further sub-segmented by well type and resource type. The market, by well type is sub-segmented into horizontal and vertical, while by resource type the market is sub-segmented into conventional and unconventional.
This report includes the market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market including major companies which provide pressure pumping services.
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