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Global Hydraulic Fracturing Market to Reach $64 Billion by 2017 at a CAGR of 10% - New Report by MarketsandMarkets
Date:7/28/2013

(PRWEB) July 28, 2013

According to a new market research report, “Hydraulic Fracturing Market by Resource & Well Type – Global Trends & Forecasts up till 2017”, Global hydraulic fracturing market will grow from 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

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  • 78 Market Data Tables
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  • 195 Pages and In-Depth Table of Content “Hydraulic Fracturing Market”

http://www.marketsandmarkets.com/Market-Reports/hydraulic-fracturing-market-745.html

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The major drivers for 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 share in global hydraulic fracturing market. Research and development initiatives by American Government and favorable regulatory conditions have helped American market to grow to this level.

North America 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 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.), Cudd Energy Services (U.S.). Chines
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