Global Hydraulic Fracturing Equipment Market is expected to grow at a CAGR of 5.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.4 billion in 2018. The market is driven by the increasing demand for hydraulic fracturing equipment in various applications such as mining, oil and gas, and others. The increase in shale gas production has led to an increase in demand for hydraulic fracturing equipment globally.
The global hydraulic fracturing equipment market is segmented on the basis of type into fracturing vehicle and instrument vehicle; on the basis of application into mining, oil and gas; and on the basis of region into North America, Latin America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA). In terms of type, the market is dominated by instrument vehicles which accounted for over 50% share in 2018 due to their high efficiency levels when compared with other types such as fracturing vehicles or drilling rigs. In terms of application type, oil & gas segment accounted for over 50% share due to its high growth rate during 2017-2018 period followed by mining segment which accounted for around 30%.
Some Of The Growth Factors Of This Market:
- Hydraulic Fracturing Equipment is a process that is used to extract natural gas and oil from the ground.
- The process involves injecting water, sand, and chemicals into the ground at high pressure to create cracks in the rock formations that contain natural gas or oil.
- This process has been used for decades but has become more popular in recent years due to advances in technology and increased demand for energy sources such as natural gas and oil.
- Hydraulic Fracturing Equipment can be expensive, so it is often only used when other methods of extraction are not possible or cost-effective enough to be worth it; however, this equipment can also be rented out by companies who specialize in hydraulic fracturing services which helps make it more affordable for those who need it on a regular basis but don't want to purchase their own equipment outright.
- The use of hydraulic fracturing equipment has been controversial because of concerns about its environmental impact on groundwater supplies.
Industry Growth Insights published a new data on “Hydraulic Fracturing Equipment Market”. The research report is titled “Hydraulic Fracturing Equipment Market research by Types (Fracturing Vehicle, Instrument Vehicle, Other), By Applications (Mining, Oil and Gas, Other), By Players/Companies Halliburton, Baker Hughes, FTS International, Schlumberger, Superior Well Services, Cudd Energy Services, Canyon Services, Trican Well, Calfrac Well Services, China National Petroleum, Weatherford International Ltd, United Oilfield Services”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydraulic Fracturing Equipment Market Research Report
By Type
Fracturing Vehicle, Instrument Vehicle, Other
By Application
Mining, Oil and Gas, Other
By Companies
Halliburton, Baker Hughes, FTS International, Schlumberger, Superior Well Services, Cudd Energy Services, Canyon Services, Trican Well, Calfrac Well Services, China National Petroleum, Weatherford International Ltd, United Oilfield Services
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Hydraulic Fracturing Equipment Market Report Segments:
The global Hydraulic Fracturing Equipment market is segmented on the basis of:
Types
Fracturing Vehicle, Instrument Vehicle, Other
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
Mining, Oil and Gas, Other
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:
- Halliburton
- Baker Hughes
- FTS International
- Schlumberger
- Superior Well Services
- Cudd Energy Services
- Canyon Services
- Trican Well
- Calfrac Well Services
- China National Petroleum
- Weatherford International Ltd
- United Oilfield Services
Highlights of The Hydraulic Fracturing Equipment 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:
- Fracturing Vehicle
- Instrument Vehicle
- Other
- By Application:
- Mining
- Oil and Gas
- Other
- 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 Hydraulic Fracturing Equipment 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.
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- Correctly Positioning New Products
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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?
Hydraulic fracturing equipment is a system used to break up rock formations by injecting water, sand, and chemicals under high pressure. The process creates cracks in the rock that allow gas and oil to escape.
Some of the key players operating in the hydraulic fracturing equipment market are Halliburton, Baker Hughes, FTS International, Schlumberger, Superior Well Services, Cudd Energy Services, Canyon Services, Trican Well, Calfrac Well Services, China National Petroleum, Weatherford International Ltd, United Oilfield Services.
The hydraulic fracturing equipment market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydraulic Fracturing Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydraulic Fracturing Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydraulic Fracturing Equipment Market - Supply Chain
4.5. Global Hydraulic Fracturing Equipment Market Forecast
4.5.1. Hydraulic Fracturing Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydraulic Fracturing Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydraulic Fracturing Equipment Market Absolute $ Opportunity
5. Global Hydraulic Fracturing Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydraulic Fracturing Equipment Market Size and Volume Forecast by Type
5.3.1. Fracturing Vehicle
5.3.2. Instrument Vehicle
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydraulic Fracturing Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydraulic Fracturing Equipment Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Oil and Gas
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydraulic Fracturing Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydraulic Fracturing Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydraulic Fracturing Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydraulic Fracturing Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydraulic Fracturing Equipment Demand Share Forecast, 2019-2026
9. North America Hydraulic Fracturing Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydraulic Fracturing Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydraulic Fracturing Equipment Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Oil and Gas
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydraulic Fracturing Equipment Market Size and Volume Forecast by Type
9.7.1. Fracturing Vehicle
9.7.2. Instrument Vehicle
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydraulic Fracturing Equipment Demand Share Forecast, 2019-2026
10. Latin America Hydraulic Fracturing Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydraulic Fracturing Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydraulic Fracturing Equipment Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Oil and Gas
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydraulic Fracturing Equipment Market Size and Volume Forecast by Type
10.7.1. Fracturing Vehicle
10.7.2. Instrument Vehicle
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydraulic Fracturing Equipment Demand Share Forecast, 2019-2026
11. Europe Hydraulic Fracturing Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydraulic Fracturing Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydraulic Fracturing Equipment Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Oil and Gas
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydraulic Fracturing Equipment Market Size and Volume Forecast by Type
11.7.1. Fracturing Vehicle
11.7.2. Instrument Vehicle
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydraulic Fracturing Equipment Demand Share, 2019-2026
12. Asia Pacific Hydraulic Fracturing Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydraulic Fracturing Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydraulic Fracturing Equipment Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Oil and Gas
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydraulic Fracturing Equipment Market Size and Volume Forecast by Type
12.7.1. Fracturing Vehicle
12.7.2. Instrument Vehicle
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydraulic Fracturing Equipment Demand Share, 2019-2026
13. Middle East & Africa Hydraulic Fracturing Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydraulic Fracturing Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydraulic Fracturing Equipment Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Oil and Gas
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydraulic Fracturing Equipment Market Size and Volume Forecast by Type
13.7.1. Fracturing Vehicle
13.7.2. Instrument Vehicle
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydraulic Fracturing Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydraulic Fracturing Equipment Market: Market Share Analysis
14.2. Hydraulic Fracturing Equipment Distributors and Customers
14.3. Hydraulic Fracturing Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Halliburton
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baker Hughes
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FTS International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schlumberger
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Superior Well Services
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cudd Energy Services
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Canyon Services
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Trican Well
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Calfrac Well Services
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. China National Petroleum
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Weatherford International Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. United Oilfield Services
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
