Hydraulic Fracturing Services Market Intelligence

Hydraulic Fracturing Services Market Description

The global hydraulic fracturing market is estimated to grow at a CAGR of 9-10 percent until 2021. Plug & perforation is the most dominant hydraulic fracturing technique and accounts for nearly 80-85 percent of the global market. Shale gas and tight gases account for approximately 55 percent of revenue of global hydraulic fracturing. North America, followed by LATAM and APAC, are the major regions with a significant level of hydraulic fracturing activity.

A regional market overview including the market size, growth rate, and end-user industries in the U.S. and Australia is shared in the report. The report presents global hydraulic fracturing market drivers and constraints along with a global analysis of Porter’s Five Forces. A comprehensive suppliers’ trends and insights are included in the report along with detailed supplier profile analysis. The service portfolio of the key global suppliers such as Baker Hughes, a GE Company, Schlumberger, Halliburton, and Superior Energy Services is provided in the report.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Global Capacity–Demand Analysis
Global Trade Dynamics
Regional Market Snapshot-North America, Europe, Asia
Cost Structure Analysis

Hydraulic Fracturing Services Market Trend, Analysis & Forecast

Category Intelligence on Hydraulic Fracturing Services covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Executive Summary

1.1 Category Landscape

1.2 Global Market Outlook

2. Market Analysis

2.1 Category Definition: Hydraulic Fracturing

2.1 Global Market Overview for Hydraulic Fracturing

2.3 Regional Market Outlook

2.4 Market Drivers and Constraints

2.5 Porter’s Five Forces Analysis

3. Supply Analysis

3.1 Supply Market Outlook: Supply Trends and Insights

3.2 Key Global Suppliers

3.3 Key Regional Suppliers: Service Portfolio

4. Cost and Pricing Analysis

4.1 Cost Breakup: Fracking Services

4.2 Cost Analysis

6. Engagement Models, Contract Practices and Contract Types

6.1 Engagement and Contract Practices

Global Market Outlook on Hydraulic Fracturing Services

The overall global hydraulic fracturing services market is estimated to be $62.5 billion in 2018

The global hydraulic fracturing services market is forecasted to grow at a CAGR of 9–10 percent to reach $82.1 billion by 2021
The US is the significant market for hydraulic fracturing services, which accounts for 85 percent of the global hydraulic fracturing activities
The global hydraulic fracturing market is estimated to reach $ 62.5 billion by the end of 2018, and it is expected to grow at a CAGR of 9–10 percent during 2018–2021

$Hydraulic fracturing services$

Plug & perforation and sliding sleeves are the two primary technologies used for simulation in multi-stage fracturing
Plug & perforation is the most dominant hydraulic fracturing technique and accounts for over 80–85 percent of the global market. Sliding sleeve technology is still in the development phase and is increasingly used in open-hole and naturally fractured formations
Shale gas and tight gases account for about 55 percent of revenue of global hydraulic fracturing
North America, followed by LATAM and APAC, are the major regions with a significant level of hydraulic fracturing activity

Global Hydraulic Fracturing Market Drivers and Constraints

Drivers

Promising comeback of crude oil prices has attracted E&P operators to increase their CAPEX spend
Due to technological optimization in fracturing method it is more widely adopted in regions likeLATAM, Europe and APAC after North America
Technical advancements, like slide sleeving, are changing the fracturing method. Many companies are exploring the possibility of using it over the traditional method of plug and perforation
In the US, an increase in the number of unfinished wells in shale basins is expected to drive the demand for hydraulic fracturing (as a part of completion)

Constraints

Stricter policies and environment laws are limiting the scale of fracturing operations in several regions across the globe
Governments cite possible contamination to the aquifers a concern in limiting the fracturing activity
Water scarcity in parts of the US and China limits the spread of hydraulic fracking

Cost And Pricing Analysis for Fracking Services

Consumables (frac proppants, chemicals, etc.) account for 45 percent of the total frack operation cost
The US market has the highest prevailing monthly rates because of the high number of call-out operations
Long-term contracts with an assured number of jobs can provide better cost efficiency to the operator

Labor Cost Breakup

The typical fracking service crew consists of a frac supervisor, a hydraulic fracture engineer, three senior operators, a well head specialist, a senior lab technician, a data acquisition technician, a senior mechanic, a blender operator and a hydration unit operator
The crew works on a call-out basis and is charged on day-rate basis

Hydraulic Fracturing Services Cost Breakup