Thumbnail

Asia-Pacific Pressure Pumping Market Outlook to 2020 - Market Analysis by Geography, Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2020 - 2025)

Looking to buy the report?

Asia-Pacific’s pressure pumping market is expected to reach $13.44 billion by 2020 with a CAGR of 15.2%.  The high growth is due to increased offshore exploration activity and government policies and regulations which are supporting new exploration activities across the region.

Pressure pumping services enhances the productivity of proven reserves, improves asset value, return on investment, and reservoir integrity. Over the last decade, the pressure pumping market has grown dramatically due to the advent of shale and other unconventional energy resources. Hydraulic fracturing is the crucial technology that has made these unconventional resources economically viable and is the most often used pressure pumping method across the world. Apart from hydraulic fracturing, cementing, acidizing and control services are also part of pressure pumping services.

Drivers

The requirement of pressure pumps is huge because of the complexity and unfavorable conditions for unconventional exploration and production which often going into deeper waters. Ever-rising energy demand, Rapidly Decreasing Reserves, and Increasing Investments in Exploration Activities, are driving the market.

Restraints

Public opposition to pressure pumping owing to Environmental Concerns (contamination of underground resources), Availability of water, Stringent Government Regulations, Eccentric Crude Oil Market, high initial investments, lack of skilled labor, and operational challenges such as harsh weather conditions are restraining the market from growth.

Opportunities

Waterless Fracking using foams provides the alternative to water in pressure pumping procedure. This process potentially eliminates all the infrastructure and complications posed by water.

This report exhaustively analyzes the Asia-Pacific pressure pumping market by segmenting it based on geography, by service Type (Hydraulic Fracturing, Cementing, and others), and by well type (Horizontal and vertical). Estimates in each segment are provided for the next five years. Key drivers and restraints that are affecting the growth of this market were discussed in detail. The study also elucidates on the competitive landscape and key market players.

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message