Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR71339

  • Latest News- Pressure Pumping Market: Hydraulic fracturing is expected to lead the Type segment during 2024-2028

    The Pressure Pumping Market is being driven by Rising investments in oil and gas E and P activities

    The Pressure Pumping Market is expected to grow at a CAGR of 3.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5220.6 million. In the oil and gas industry, deepwater and ultra-deepwater resources have emerged as significant sources of hydrocarbons, following the successful exploitation of onshore and shallow water reserves for several decades. However, the high exploration and production (E&P) costs associated with these deep-water projects necessitate a higher average crude oil price compared to onshore and shallow water projects for profitability. The challenging environmental conditions and complex drilling techniques required for ultra-deepwater extraction further increase the costs. Consequently, the decline in crude oil prices in 2014 led to a reduction in investments in these projects. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Hydraulic fracturing
      • Cementing
      • Others
    • Application
      • Horizontal well
      • Vertical well
    • Geography
      • North America
        • Canada
        • US
      • Middle East and Africa
        • Europe
          • APAC
            • China
          • South America

          According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

          • Rising investments in oil and gas E and P activities
          • Increasing global rig activity
          • Increasing focus on unconventional oil and gas E and P activities

          However, the market also witnesses some limitations, which are as follows:

          • Growing adoption of renewable sources of energy
          • Risks associated with drilling activities
          • Volatile price of crude oil

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          Market Scope in Pressure Pumping Market Research Report

          Market Scope

          Report Coverage

          Details

          Page number

          174

          Base year

          2023

          Historic period

          2018-2022

          Forecast period

          2024-2028

          Growth momentum & CAGR

          Accelerate at a CAGR of 3.2%

          Market growth 2024-2028

          USD 5220.6 million

          Market structure

          market_structure.ucfirst

          YoY growth 2023-2024(%)

          3.06

          Key countries

          US, Canada, United Arab Emirates, China, and Saudi Arabia

          Competitive landscape

          Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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          Find out which segment is leading the market by accessing the free PDF report

          Research Analysis Overview

          The Pressure Pumping Market encompasses high-pressure hoses, pumping rate optimization, fracture modeling, hydraulic fracture geometry, slickwater frac design, multi-stage fracturing, horizontal well completion, wellhead and surface equipment, downhole sensors, production logging, flowback water treatment, fracturing chemistry, environmental remediation, well stimulation design, fracture complexity, fracture conductivity, reservoir simulation, wellbore stability, pressure decline analysis, production optimization software, data analytics, fracking cost analysis, pumping efficiency, well performance optimization, sustainable fracking, fracking regulation, hydraulic fracture modeling, fracture network design, fracking fluid rheology, proppant placement, and fracking stimulation, all aimed at enhancing well performance and optimizing production in the oil and gas industry.

          Market Research Overview

          The pressure pumping market is a significant segment of the larger industrial machinery and supplies and components market. This market encompasses companies manufacturing pressure pumping units, essential for hydraulic fracturing processes such as slickwater fracturing. These units employ fracking fluids and ceramic proppants to facilitate well stimulation during horizontal drilling and reservoir stimulation. The industrial machinery and supplies and components market's expansion is driven by the increasing demand for energy, chemicals, and petrochemicals, pulp and paper products, and processed food and beverages in developing economies. This growing industrial output necessitates capacity additions in process and discrete industries, consequently fueling the market's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


          Contacts

          Technavio Research
          Jesse Maida
          Media & Marketing Executive
          US: +1 844 364 1100
          UK: +44 203 893 3200
          Email: media@technavio.com
          Website: www.technavio.com/

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