Pressure Pumping Services Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2027

The global pressure pumping market size was valued at USD 53.1 billion in 2016. It is expected to record a 4% CAGR over the forecast period. Increasing demand for primary energy in power generation, transportation and household activities is one of the major trends driving the market growth.

Pressure pumping services increase the productivity of proven reserves, improve asset value, return on investment and reservoir integrity. Over the past decade, the advent of shale and other unconventional energy resources has led to a dramatic growth in the pressure pumping market. Hydraulic fracturing is an important technology that has made these non-traditional resources economically feasible and is the most frequently used pressure pumping method worldwide. In addition to hydraulic fracturing, cementation, acidification and control services are also part of the pressure pumping service.

  Key Players The key players in the global pressure pumping market are Baker Hughes, a GE Company (US), Halliburton (US), Schlumberger (US), Weatherford International Inc. (US), Trican (Canada), RPC Inc. (US), Key Energy Services (US), Sanjel Corporation (Canada), Frac Tech Services International (US), Calfrac Well Services Ltd. (Canada), China Oilfield Services Ltd. (China), Saipem S.p.A. (Italy), Patterson-UTI Energy, Inc. (US), National Oilwell Varco (US), and Superior Energy Services (US).

Pressure Pumping Services Market Segmentations

By Type

• Hydraulic Fracturing
• Cementing

By Application

• Directional
• Horizontal
• Vertical

By Region

North America

• US
• Mexico

Asia Pacific

• China
• Japan
• India

Key Questions Answered by Pressure Pumping Services Market Report

• What was the Pressure Pumping Services Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Pressure Pumping Services Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Pressure Pumping Services Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.