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Hydraulic Fracturing Market Is Expected To Grow At a CAGR Of 11.8% From 2014 To 2020: Grand View Research, Inc.(PR Web Via Acquire Media NewsEdge) San Francisco, California (PRWEB) October 28, 2014 The global hydraulic fracturing market is expected to reach USD 90.55 billion by 2020, according to a new study by Grand View Research, Inc. Regulatory support in the form of tax benefits and financial incentives, particularly in North America and Asia Pacific is expected to drive the global hydraulic fracturing market over the next six years. Depleting conventional oil & gas reserves has prompted the industry to shift its focus towards developing unconventional resources of energy which is also expected to have positive impact on market growth. Environment issues on account of ground water contamination have led regulatory bodies across various European countries to ban the use hydraulic fracturing and this is expected to remain a key challenge for market participants. View full report with TOC at http://www.grandviewresearch.com/industry-analysis/hydraulic-fracturing-market Plug & perf emerged as the leading technology used for hydraulic fracturing and accounted for 85.6% of total market revenue in 2013. Plug & perf is also expected to be the fastest growing technology at an estimated CAGR of 12.1% from 2014 to 2020. Use of plug & perf technique enables multistage fracturing for cased holes. Owing to its ease in accessibility for fracturing horizontal wells, this technology is preferred over sliding sleeve technique in the global hydraulic fracturing market. Request free sample of this report at http://www.grandviewresearch.com/industry-analysis/hydraulic-fracturing-market/request Further key findings from the study suggest: • Global hydraulic fracturing market was valued at USD 41.62 billion in 2013 and is expected to reach USD 90.55 billion by 2020, growing at a CAGR of 11.8% from 2014 to 2020. • Proppants are one of the most important materials used for carrying out hydraulic fracturing and accounted for 28.5% of total hydraulic fracturing market revenue in 2013. Sand proppants emerged as the leading proppant product segment and accounted for 45.6% of total market revenue in 2013. Ceramic is expected to be the fastest growing proppant product segment at an estimated CAGR of 10.6% from 2014 to 2020. • Shale gas emerged as the leading application segment and accounted for 28.3% of total market revenue in 2013. Shale gas is also expected to be the fastest growing application segment at an estimated CAGR of 13.7% from 2014 to 2020. Shale gas boom in the U.S. and rapidly developing shale gas reserves in China is expected to drive the demand for hydraulic fracturing in this segment. • North America continued its dominance in the global hydraulic fracturing market and accounted for 88.8% of total market revenue in 2013. Increasing acreages in shale basins in U.S. and Canada coupled with government support for hydraulic fracturing has contributed to the growth of hydraulic fracturing in the region. Asia Pacific is expected to be a high-growth regional market, at an estimated CAGR of 19.1% from 2014 to 2020. Increasing E&P activities in unconventional oil & gas reserves, especially in China is expected to drive the regional hydraulic fracturing market. • The global hydraulic fracturing market is moderately fragmented with the top four companies including Schlumberger, Halliburton, Baker Hughes and FTS International accounted for just over 55% of the global market in 2013. Other significant companies operating in the market include Weatherford International, Calfrac Well Services, Cudd Energy, Superior Well Services, Talcrom Services, Trican Well Services and United Oilfield Services. Browse all reports of this category at http://www.grandviewresearch.com/industry/conventional-energy For the purpose of this study, Grand View Research has segmented the hydraulic fracturing market on the basis of technology, material, application and region: • Global Hydraulic Fracturing Technology Outlook (Revenue, USD Million, 2012 - 2020) • Plug & Perf • Sliding Sleeve • Global Hydraulic Fracturing Material Outlook (Revenue, USD Million, 2012 - 2020) • Proppant • Sand • Ceramic • Resin Coated Sand • Others • Global Hydraulic Fracturing Application Outlook (Revenue, USD Million, 2012 - 2020) • Shale Gas • Tight Gas • Tight Oil • CBM • Others • Global Hydraulic Fracturing Regional Outlook (Revenue, USD Million, 2012 - 2020) • North America • Europe • Asia Pacific • RoW Browse all upcoming reports by Grand View Research http://www.grandviewresearch.com/ongoing-reports About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information, visit http://www.grandviewresearch.com/ Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales(at)grandviewresearch(dot)com Related reports by Grand View Research: Liquefied Petroleum Gas (LPG) Market Analysis And Segment Forecasts To 2020 - http://www.grandviewresearch.com/industry-analysis/liquefied-petroleum-gas-industry The global market for LPG is expected to reach USD291.42 billion by 2020, according to a new study by Grand View Research, Inc. Increasing population coupled with favorable regulatory support and subsidies are expected to be key driving factors for the market over the next six years. Limited application base is expected to be a challenge for industry participants. Coal Bed Methane (CBM) Market Analysis And Segment Forecasts To 2020 - http://www.grandviewresearch.com/industry-analysis/coal-bed-methane-industry Unconventional CBM reserves, especially in coal-rich regions are increasingly gaining the spotlight as the industry strives for energy independence. Exploration and commercialization of unconventional hydrocarbon energy sources is seen as a critical step by energy agencies, to stabilize the energy supply-demand gap in the coming years. Read the full story at http://www.prweb.com/releases/hydraulic-fracturing/market-industry-forecast/prweb12282248.htm (c) 2014 PRWEB.COM Newswire |