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Energy Industry News Releases

North America Pressure Pumping Market is projected to reach 29.94 Billion USD by 2021

 



(EnergyIndustry.Net, March 22, 2017 ) "North America Pressure Pumping Market by Type (Hydraulic Fracturing and Cementing), Resource Type (Conventional and Unconventional), Well Type (Horizontal and Vertical), and Country - Global Forecasts to 2021"

The North American pressure pumping market was expected to grow from an estimated USD 26.29 Billion in 2016 to USD 29.94 Billion by 2021, at a CAGR of 2.6%.

Browse 63 tables and 43 figures spread through 130 Pages and in-depth TOC on "North America Pressure Pumping Market - Global Forecasts to 2021"

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=241403303

Early buyers will receive 10% customization on reports.

The horizontal wells segment is expected to hold the largest share of the North America pressure pumping market, by well type, during the forecast period

The horizontal wells segment led the North American pressure pumping market in 2015 and is expected to grow at the fastest rate during the forecast period, owing to the increasing shale gas plays in the U.S. and Canada. This segment is primarily driven by ongoing shale plays in the U.S. & the auction of shale gas fields in Mexico in 2017 and is expected to create new revenue pockets for the North American pressure pumping market during the forecast period.

Hydraulic fracturing to be the largest segment in the North America pressure pumping market

With regards to the service type segment, hydraulic fracturing service segment in the North American pressure pumping market was expected to be the largest market in 2016. The increasing rate of hydraulic fracturing in oil sands in Canada along with the auction of shale gas fields, expected to take place in Mexico, is anticipated to fuel the growth of the North American pressure pumping market.

U.S.: The leading market for North American Pressure Pumping

In this report, the North American pressure pumping market has been analyzed with respect to three countries, namely, the U.S., Canada, and Mexico. The U.S. is expected to dominate the North American pressure pumping market, given large number of ongoing shale plays in the country. Also, the low payback period is driving the U.S. market for pressure pumping services.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=241403303

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the North American pressure pumping market. These players include Halliburton (U.S.), Baker Hughes (U.S.), Schlumberger (U.S.), and Weatherford (Switzerland). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.

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