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Global Pressure Pumping Market Information Report by Well Type (Land and Offshore), by Services (cementing, hydraulics and fracturing) And by Region - Forecast to 202
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Pressure Pumping Market Overview, Top Key Players and Growth Analysis by Forecast
Global Pressure Pumping Market - Overview
Pressure pumping is a propagation of fractures through layers of rock using pressurized
fracturing fluid and pumping the cement into the well bore to complete it. It is primarily used to
extract resources from low permeability reservoirs such as shale gas, and unconventional
liquids, which are difficult to recover through regular drilling procedures.
According to a recent study report published by the Market Research Future, The global market
of Pressure Pumping is booming and expected to gain prominence over the forecast period.
The Global Pressure Pumping Market is forecasted to demonstrate an exponential growth by
2023, surpassing its previous growth records in terms of value with a whooping, CAGR during
the estimated period (2017 – 2023).
Global Pressure Pumping Market - Competitive Analysis
Global Pressure Pumping Market appears to be highly fragmented and competitive owning to
the presence of numerous large and medium players active in regional market. The key
strategies traced from the analysis of recent developments of the key players include Product
Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between
Key players support the growth and expansion plans of the key players during the forecast
period. On the product and sales side, companies are investing in innovation/R&D, brand
building, and fostering strong relationships with customers to support their competitive position.
Manufacturers operating in the market strive to deliver innovative solutions that improve the
design and manufacturing processes of business around the world. Focusing upon the
competitive edge, Pressure Pumping equipment manufacturers strive to develop products that
can deliver optimal efficient, convenience and reliability. Utilizing their international and regional
presence, these manufacturers assure their customers with the consistency in product & service
quality. Manufacturers strive to develop their product portfolio with a wide range of Pressure
Pumping for every application.
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Some of the key players in the Pressure Pumping market are Weatherford International, China
Oilfield Services Ltd., Halliburton Company, Saipem S.p.A., Schlumberger Limited, Baker
Hughes and Superior Energy Services
In January 2016, Trican Well Service Ltd announce that it has entered into a definitive
agreement with Keane Group, a privately-held, U.S. based well completion services company
for the sale of Trican's United States pressure pumping business. The agreed purchase price for
the disposition is USD 200 million, or CDN 285 million.
In March 2017, Trican and Canyon to combine to create premier canadian pressure pumping
Global Pressure Pumping Market - Regional Analysis
North America dominates the Pressure Pumping market. The U.S. accounts for the largest
market share in the North American region. The advancements in unconventional drilling
technologies, which have attracted capital for oil and gas drilling projects. Additionally, vast
hydrocarbon resources in the U.S. Shale basins and continuous offshore drilling in the Gulf of
Mexico region, are driving the demand of the market.
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