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.
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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
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