(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
Early buyers will receive 10% customization on this report.
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.). 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.
Buy a copy of this report @: http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=745
Download Free Brochure @: http://www.marketsandmarkets.com/pdfdownload.asp?id=745
Find related Reports to – Energy and Power Market
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, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Connect with us on LinkedIn
Connect with us on Facebook
Read the full story at http://www.prweb.com/releases/hydraulic-fracturing/market/prweb10968421.htm.
Copyright©2012 Vocus, Inc.
All rights reserved