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Pressure Pumping Market Trends

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Report ID: 3609
Published Date: Sep 19, 2024
Report Format: PDF, PPT

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Pressure Pumping Market Trends

Growth Drivers

Increasing Demand for Oil and Other Petroleum Products
Access to More Gas and Oil in this Technique
Growing Investment in the Oil & Gas Sector

Challenges

Growing Adoption of Green Energy
Higher Expense of Offshore Production

Pressure Pumping Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	6.8%
Base Year Market Size (2023)	USD 82.95 billion
Forecast Year Market Size (2036)	USD 195.09 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Pressure Pumping Market Size & Share,Â Â Growth Forecast 2036

Author Credits: Dhruv Bhatia

Report ID: 3609
Published Date: Sep 19, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for oil and gas, along with increasing investment in the sector is estimated to boost the market growth.

The market is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2022 â€“ 2030.

High investment, and growing adoption of green energy are estimated to hamper the market growth.

The market in the North America region is estimated to provide more growth opportunities over the forecast period, owing to the increasing production of oil and gas in the region.

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.

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