DUBLIN, April 7, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/gtq5p6/pressure_pumping) has announced the addition of the "Pressure Pumping Market by Types, North America Resource Type, North America Well Type, & Geography - Global Trends & Forecasts to 2018" report to their offering.
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Pressure pumping is required during various phases of the lifecycle of a well that includes completion, stimulation, intervention, etc. Hydraulic fracturing is a technique to generate oil and gas from wells with low permeability. Cementing is done to complete the well. This is a service provided by oilfield service companies to the oil and natural gas companies. In this report, the market is analyzed on the basis of hydraulic horse power supplied by oilfield service companies to the hydraulic fracturing market. The Asia-Pacific and Middle East markets are still in a state of infancy, which is why there are growth prospects for this global market. While the North American market is near its maturity, the movement in the market will be subjected to competition.
Potential increase in recoverable resources and production is the most important driver for the global market. This technique is used to recover both oil and natural gas, but is predominantly used to recover unconventional gas. Currently, natural gas is referred to as transitional fuel for being the link between conventional resources and renewable energy. This proves to be an advantage to the international natural gas market and hence to the pressure pumping market.
If countries across the world permit the use of this technique, then the recovery of resources is expected to increase. Hence, pressure pumping will prove beneficial for developing countries such as India, China, and Brazil. As the energy demand in these countries is increasing, fulfilling this demand will enhance their growth prospects. This is the driver for the global market.
However, it is said that for the Asia-Pacific and Middle East market, growth lies in the region, and is subjected to many reasons such as environmental objections and subsequent ban on pressure pumping in few countries, which is an important hurdle to cross for the growth of this market. Research and development in the field of water usage, water treatment, and seismic disturbances is expected to accelerate the growth of this market in these regions.
Currently, North America dominates the pressure pumping market. This dominance is seen mainly due to continuous and large activities in the U.S. unconventional gas plays. The unconventional gas recovery and its growth are important reasons for the growth of the market. North America has the highest market share because of favorable regulations in the region.
Key Topics Covered:
2 Executive Summary
3 Industry Analysis
4 Market Overview
5 Oil & Gas Reserves & Production
6 Pressure Pumping Market, By Type
7 Pressure Pumping Market, By Geography
8 Competitive Landscape
9 Company Profile
- Baker Hughes
- Calfrac Well Services Ltd.
- Frac Tech Services International
- Key Energy Services
- Rpc Inc.
- Sanjel Corporation
- Weatherford International Inc.
For more information visit http://www.researchandmarkets.com/research/gtq5p6/pressure_pumping
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SOURCE Research and Markets