Market Overview:
The global frac pumps market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing number of onshore and offshore wells is also contributing to the growth of this market. The triplex frac pumps segment is expected to dominate the global frac pumps market during the forecast period owing to its high efficiency and low cost as compared to other types of frac pumps available in the market. The Asia Pacific region is projected to be fastest-growing region duringthe forecast period, followed by North America and Europe respectively.
Product Definition:
A frac pump is a type of high-pressure pump used in hydraulic fracturing. It is also called a "slickwater" pump because it uses water mixed with a proppant (usually sand) to create fractures in the shale rock and release the natural gas or oil inside.
Triplex Frac Pumps:
Triplex frac pumps are used to inject fluid three times in a row. It is also known as triple injection pump or TIP. Triplex frac pumps are widely used for the transportation of fluids such as drilling mud, synthetic oil, and water-based emulsion in the oil & gas industry. The growth factor owing to its features such as high efficiency, low operating cost and less maintenance requirement will propel market demand over the forecast period.
Quintuplex Frac Pumps:
Quintuplex frac pumps are used to inject fluid into the wellbore of oil and gas wells. It is a mechanical device that consists of two main components namely, pump body and head assembly. The head assembly is connected to downhole tools or equipment through tubing string. The pump can be operated in two different modes; Injection mode & withdrawal mode wherein it functions as an injection pump or a withdrawal pump respectively depending upon the position of handle attached to its housing.
Application Insights:
Onshore wells held the largest share of over 80.0% in 2017. The segment is expected to witness significant growth on account of increasing demand for oil and gas across various regions including Asia Pacific, North America and Middle East & Africa. Onshore drilling rigs are used to extract oil & gas from the earth's crust where as offshore drilling rigs are used for deep-water exploration activities beyond the reach of land-based platforms.
The growing need to expand production capacity in existing fields along with new projects development is anticipated to propel product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The U.S., specifically, is a major contributor to the regional market growth owing to its extensive shale plays and growing unconventional oil production. Furthermore, technological advancements coupled with high demand for enhanced oil recovery (EOR) are expected to drive product adoption over the forecast period.
Asia Pacific is anticipated to witness significant growth over the coming years owing to increasing government investments in offshore drilling activities across countries such as India and China for developing their energy infrastructure.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the oil and gas sector
- Proliferation of fracking technology
- Growing number of hydraulic fracturing projects globally
- Increasing adoption of frac pumps by small-scale operators
Scope Of The Report
Report Attributes
Report Details
Report Title
Frac Pumps Market Research Report
By Type
Triplex Frac Pumps, Quintuplex Frac Pumps
By Application
Onshore Wells, Offshore Wells
By Companies
Gardner Denver, Weir, Caterpillar, Halliburton, Cornell Pump Company, Forum Energy Technologies, ShalePumps, Stewart & Stevenson, ValTek Industries, SERVA (EnTrans International), TSC Group, KERUI Petroleum, AFGlobal, Yukos Petroleum Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Frac Pumps Market Report Segments:
The global Frac Pumps market is segmented on the basis of:
Types
Triplex Frac Pumps, Quintuplex Frac Pumps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore Wells, Offshore Wells
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gardner Denver
- Weir
- Caterpillar
- Halliburton
- Cornell Pump Company
- Forum Energy Technologies
- ShalePumps
- Stewart & Stevenson
- ValTek Industries
- SERVA (EnTrans International)
- TSC Group
- KERUI Petroleum
- AFGlobal
- Yukos Petroleum Equipment
Highlights of The Frac Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Triplex Frac Pumps
- Quintuplex Frac Pumps
- By Application:
- Onshore Wells
- Offshore Wells
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Frac Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A frac pump is a type of oil and gas well pump that usesfrac sand to increase the rate at which oil or gas can be pumped from a well. Frac pumps are typically used in wells that produce shale, tight sands, or coalbed methane.
Some of the major players in the frac pumps market are Gardner Denver, Weir, Caterpillar, Halliburton, Cornell Pump Company, Forum Energy Technologies, ShalePumps, Stewart & Stevenson, ValTek Industries, SERVA (EnTrans International), TSC Group, KERUI Petroleum, AFGlobal, Yukos Petroleum Equipment.
The frac pumps market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Frac Pumps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Frac Pumps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Frac Pumps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Frac Pumps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Frac Pumps Market Size & Forecast, 2020-2028
4.5.1 Frac Pumps Market Size and Y-o-Y Growth
4.5.2 Frac Pumps Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Triplex Frac Pumps
5.2.2 Quintuplex Frac Pumps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Onshore Wells
6.2.2 Offshore Wells
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Frac Pumps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Frac Pumps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Triplex Frac Pumps
9.6.2 Quintuplex Frac Pumps
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Onshore Wells
9.10.2 Offshore Wells
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Triplex Frac Pumps
10.6.2 Quintuplex Frac Pumps
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Onshore Wells
10.10.2 Offshore Wells
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Triplex Frac Pumps
11.6.2 Quintuplex Frac Pumps
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Onshore Wells
11.10.2 Offshore Wells
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Triplex Frac Pumps
12.6.2 Quintuplex Frac Pumps
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Onshore Wells
12.10.2 Offshore Wells
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Triplex Frac Pumps
13.6.2 Quintuplex Frac Pumps
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Onshore Wells
13.10.2 Offshore Wells
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Frac Pumps Market: Competitive Dashboard
14.2 Global Frac Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gardner Denver
14.3.2 Weir
14.3.3 Caterpillar
14.3.4 Halliburton
14.3.5 Cornell Pump Company
14.3.6 Forum Energy Technologies
14.3.7 ShalePumps
14.3.8 Stewart & Stevenson
14.3.9 ValTek Industries
14.3.10 SERVA (EnTrans International)
14.3.11 TSC Group
14.3.12 KERUI Petroleum
14.3.13 AFGlobal
14.3.14 Yukos Petroleum Equipment
