PRN: MarketsandMarkets: Global Hydraulic Fracturing Market Worth $64 Billion by 2017
MarketsandMarkets: Global Hydraulic Fracturing Market Worth $64 Billion by 2017
DALLAS, August 7, 2012 /PRNewswire/ --
According to a new market research report, "Hydraulic Fracturing Market by Resource & Well TypeÂ -Â Global Trends & Forecasts up till 2017" published by MarketsandMarkets (http://www.marketsandmarkets.com), the global hydraulic fracturing market will grow from its estimated $31 billion in 2011. This value is expected to increase from $40 billion in 2012 to $64 billion by 2017, with 10% CAGR during the same period. North America is expected to lead the global hydraulic fracturing production market in terms of hydraulic horse power supplied by the year 2011.
Browse 78 market data tables with 20 figures spread across 195 pages and in-depth TOCÂ "Hydraulic Fracturing Market by Resource & Well TypeÂ -Global Trends & Forecasts up till 2017":
Early buyers will receive 10% customization of report.
The major drivers for the hydraulic fracturing market are the fact that the technology increases production rate and adds to recoverable reserves; provides access to an energy strategy shift through natural gas and energy security by domestic supply. Water availability and public opposition are seen as major restraints to the hydraulic fracturing market.
North America holds major market shares in the global hydraulic fracturing market. Research and development initiatives by the American government and favorable regulatory conditions have helped the American market to grow to this level.
North America's market share is 90% in the global hydraulic fracturing production, Rest of the World holds nearly 10% of the total capacity in hydraulic fracturing market. In North America the U.S. is the largest market and market is led by Halliburton (U.S.), Schlumberger (U.S.), Baker Hughes (U.S.), Superior Well Services (U.S.) and Cudd Energy Services (U.S.). Chinese players and few Asian players are expected to come up in the near future.
The hydraulic fracturing market is segmented in two regions, namely North America and Rest of the World. The hydraulic fracturing market is further segmented by resource types, well types and countries.
The report also touches on various other important aspects of the market. It includes an analysis of the value chain, a Porter's five forces analysis, the competitive landscape, a raw material analysis, patent analysis, as well as the fracturing process. It also includes an analysis of the production cost. In addition, 11 key players of this market have also been profiled.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power [ http://www.marketsandmarkets.com/energy-power-supplies-market-research-4.html ], food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com.