Dublin, Feb. 26, 2025 (GLOBE NEWSWIRE) — The “Hydraulic Fracturing – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Hydraulic Fracturing was valued at US$47.9 Billion in 2024 and is projected to reach US$69.6 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
What Factors are Driving the Growth of the Hydraulic Fracturing Market?
Several factors are driving the growth of the hydraulic fracturing market, including increasing energy demand, technological advancements, and the shift toward cleaner fuels. One of the primary drivers is the growing global demand for oil and natural gas. As the world’s population increases and industrialization expands in developing countries, the need for energy to power homes, businesses, and transportation is rising. Hydraulic fracturing provides a means to meet this demand by unlocking vast reserves of oil and gas that were previously difficult or uneconomical to access.
Technological advancements are also a major factor driving the growth of hydraulic fracturing. Innovations in drilling techniques, such as horizontal drilling and multi-stage fracturing, have made the process more efficient and cost-effective, allowing companies to extract more resources with fewer wells. Advances in data analytics and real-time monitoring have improved the precision of hydraulic fracturing, reducing the environmental impact and increasing the productivity of each well. As these technologies continue to evolve, the cost of hydraulic fracturing is expected to decrease further, making it an even more attractive option for energy producers.
The growing demand for natural gas as a cleaner alternative to coal and oil is another key driver of the hydraulic fracturing market. Natural gas is increasingly being used for electricity generation, heating, and as a feedstock for petrochemical production due to its lower carbon footprint. Hydraulic fracturing has played a critical role in increasing the supply of natural gas, helping to meet the rising demand for cleaner energy. As countries seek to reduce their greenhouse gas emissions, the use of natural gas as a bridge fuel in the transition to renewable energy is expected to drive continued investment in hydraulic fracturing technologies.
Government policies and energy security concerns are also contributing to the growth of the hydraulic fracturing market. Many countries are seeking to reduce their dependence on foreign oil and gas imports by boosting domestic energy production. Hydraulic fracturing has become a key tool in achieving energy independence, particularly in regions with abundant shale deposits. In the United States, for example, government policies that support domestic energy production have encouraged the development of shale resources, driving growth in the hydraulic fracturing sector.
Environmental and regulatory challenges, while a concern for the hydraulic fracturing industry, are also driving innovation and market growth. In response to environmental concerns about water usage, contamination, and seismic activity, the industry has invested in technologies that reduce the environmental footprint of fracking operations. These include water recycling systems, advanced monitoring techniques, and the development of less harmful fracking fluids. As regulations tighten, companies that adopt more sustainable practices are expected to see increased demand for their services, further driving market growth.
With advancements in drilling technology, the increasing demand for cleaner energy, and the push for energy independence, the hydraulic fracturing market is poised for continued growth. As the world balances the need for energy security with environmental sustainability, hydraulic fracturing will remain a key player in the global energy landscape, helping to meet demand while minimizing the environmental impact of fossil fuel extraction.
Report Scope
The report analyzes the Hydraulic Fracturing market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
- Technology (Plug & Perf, Sliding Sleeve);
- Well Type (Horizontal, Vertical);
- Application (Shale Gas, Tight Oil, Tight Gas).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Plug & Perf Technology segment, which is expected to reach US$52.6 Billion by 2030 with a CAGR of a 7.0%. The Sliding Sleeve Technology segment is also set to grow at 4.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $12.4 Billion in 2024, and China, forecasted to grow at an impressive 9.6% CAGR to reach $16.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Baker Hughes, a GE Company, Calfrac Well Services, Ltd., FTS International, Halliburton, RPC, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Hydraulic Fracturing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hydraulic Fracturing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Hydraulic Fracturing Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 22 major companies featured in this Hydraulic Fracturing market report include:
- Baker Hughes, a GE Company
- Calfrac Well Services, Ltd.
- FTS International
- Halliburton
- RPC, Inc.
- Schlumberger Ltd.
- Trican Well Services Ltd.
- United Oilfield Services Sp. z o.o.
- Weatherford International Ltd.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 234 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $47.9 Billion |
| Forecasted Market Value (USD) by 2030 | $69.6 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Hydraulic Fracturing – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for Oil and Gas Drives Growth in the Hydraulic Fracturing Market
- Expansion of Shale Gas Extraction Spurs Adoption of Hydraulic Fracturing Technologies
- Technological Advancements in Fracturing Fluids and Proppants Propel Innovation in Hydraulic Fracturing
- Growth in Focus on Enhancing Well Productivity Expands Addressable Market for Hydraulic Fracturing
- Role of Hydraulic Fracturing in Unlocking Unconventional Oil and Gas Resources Strengthens Business Case for Adoption
- Increasing Focus on Waterless and Eco-friendly Fracturing Solutions Fuels Market Demand
- Growth in Use of Hydraulic Fracturing in Depleted Reservoirs Expands Market Opportunities
- Growth in Use of Hydraulic Fracturing in Horizontal and Multistage Wells Expands Market Reach
For more information about this report visit https://www.researchandmarkets.com/r/w32e6c
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- Hydraulic Fracturing Market
