London, 07 January 2015 – Thanks to huge international investment in the shale oil and gas market, the Global Hydraulic Fracturing Market is expected to grow at a CAGR of 12.5 percent from 2015-2019, says research firm TechNavio.
About the Report
According to the new report, there has been a substantial shift from vertical drilling to horizontal drilling because of the development of unconventional reserves. Horizontal drilling is used for the recovery of unconventional oil and gas reserves like shale gas, as this type of drilling covers a large surface area thereby increasing the rate of gas production.
“Horizontal drilling requires more hydraulic fracturing for the recovery of oil and gas from the bed, which will lead to further growth in the Global Hydraulic Fracturing Market,” says Faisal Ghaus, Vice President of TechNavio.
Furthermore, the focus on offshore hydraulic fracturing has increased over the years. This technology is used for developing resources, which include shale and tight sand.
“Offshore hydraulic fracturing has ultimately provided a substantial improvement in the reliability, efficiency and productivity of oil wells, and reliance of these offshore methods will help boost the market through the forecast period,” 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:
- Baker Hughes
- Halliburton Corp.
- Schlumberger Ltd.
- Superior Well Services, Inc
Other Prominent Vendors:
- Calfrac Well Services
- Nabors Industries
- Tacrom Services
- Trican Well Services
- United Oilfield Services
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
