Research and Markets (http://www.researchandmarkets.com/research/x99bnv/global_hydraulic) has announced the addition of the "Global Hydraulic Fracturing Market 2015-2019" report to their offering.
The Global Hydraulic Fracturing market to grow at a CAGR of 12.5 percent over the period 2014-2019.
Hydraulic fracturing or hydraulic fracking is a technique of well stimulation in which a fluid at a high pressure (typically water mixed with sand and chemicals) is injected into an oil well to create minor fractures in the deep rock foundations to allow natural gas, petroleum, and brine to move toward the well from deep reserves.
The technique of fracturing is commonly applied to wells for shale gas and oil recovery. Such stimulation is usually carried out once during the productive life of the well and helps in the extraction of fluids (gas and oil), thereby increasing the productivity of the well. The hydraulic fracturing technique used as field production declines with time.
One key trend upcoming in this market is the shift of preference toward horizontal drilling for oil and gas recovery. With the development of unconventional reserves, there has been a substantial shift from vertical drilling to horizontal drilling. Horizontal drilling is used for the recovery of unconventional oil and gas reserves such as shale gas.
According to the report, one of the major drivers in this market are the huge investments in the Shale Oil and Gas market by international vendors, particularly in the US. Many market vendors such as Halliburton, Baker Hughes, Schlumberger, and many others are investing in shale oil and gas sources to increase production and meet the growing global demand.
Further, the report states that one of the major challenges in this market is the proper discharging of fracturing fluids and chemicals. Currently, the flowback fluids generated during the hydraulic fracturing process are discharged into the permitted and monitored injection wells.
Key Vendors
- Baker Hughes
- Halliburton
- Schlumberger
- Superior Well Services
- Weatherford International
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Fracturing Fluid Type
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/x99bnv/global_hydraulic
