London, 14 April 2015 – Huge investments by international vendors in the shale oil and gas market have resulted in the growth of the Hydraulic Fracturing Market in the APAC Region, which is expected to post a CAGR of 18.4 percent from 2015-2019, says Technavio.
About the Report:
The shale oil and gas market is growing rapidly with large-scale participation of international and regional vendors, particularly in China. Vendors like Halliburton, Baker Hughes and Schlumberger are investing heavily to increase production and meet the growing global demand.
“Technology will improve, driven by increased investments in the hydraulic fracturing space, thereby reducing the risks and costs associated with extraction of shale oil and gas,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also draws attention towards proper discharging of fracturing fluids and chemicals. Currently, the flowback fluids generated during hydraulic fracturing are discharged into the permitted and monitored injection wells, which is the most effective way of securely isolating the fluids from the environment. However, the suitable environmental conditions essential for such wells do not exist in all regions.
“Treatment of flowback fluids can be conducted only in on-site or centralized treatment facilities. This method is only allowed under state or federal laws and is done under strict controlled conditions,” says Ghaus.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Huge investments in shale oil and gas market
- For a full detailed list, view our report.
Market Challenges:
- Proper discharging of fracturing fluids and chemicals
- For a full detailed list, view our report.
Market Trends:
- Shift of preference to horizontal drilling
- For a full detailed list, view our report.
Key Vendors:
- Cairn India Ltd
- Halliburton Co.
- Schlumberger Ltd.
Other Prominent Vendors:
- Cameron International Corporation
- FMC Technologies
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
