Pressure Pumping Market Share

Report ID: 3609
Published Date: Dec 24, 2024
Report Format: PDF, PPT

Buy Now

Middle East and Africa industry is likely to account for largest revenue share by 2037, propelled by large oil reserves in the gulf countries, along with advancement in oil drilling technology., propelled by large oil reserves in the gulf countries, along with advancement in oil drilling technology. According to the Organization for Economic Co-operation and Development (OECD) data, 507,805.25 tons of oil equivalent (toe) was produced in Saudi Arabia in 2017.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing production of oil and gas in the region. According to the statistics by the U.S. Energy Information Administration (EIA), in 2020, U.S. petroleum consumption touched 18.12 million barrels per day.

Browse key industry insights with market data tables & charts from the report:

Pressure Pumping Market Size & Share,Â Â Growth Forecasts 2037

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of pressure pumping is assessed at USD 93.71 billion.

Pressure Pumping Market size was over USD 88.59 billion in 2024 and is projected to reach USD 208.36 billion by 2037, witnessing around 6.8% CAGR during the forecast period i.e., between 2025-2037.

Middle East and Africa industry is likely to account for largest revenue share by 2037, propelled by large oil reserves in the gulf countries, along with advancement in oil drilling technology.

The major players in the market are Schlumberger Limited, Trican Well Service Ltd., Patterson-UTI Energy Inc., Baker Hughes Company, Halliburton Company, RPC, Inc., FTS International, and others.