North America Pressure Pumping Market Worth 29.94 Billion USD by 2021

PUNE, India, March 10, 2017 /PRNewswire/ --

The report "The North America Pressure Pumping Market, by type (Hydraulic Fracturing and Cementing), Resource type (Conventional and Unconventional), Well Type (Horizontal and Vertical), and Country- Global Forecasts to 2021", published by MarketsandMarkets, the market was expected to grow from an estimated USD 26.29 Billion in 2016 to USD 29.94 Billion by 2021, at a CAGR of 2.6%.

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Browse 60market data Tables and 43 Figures spread across 131 Pages and an in-depth TOC of "North America Pressure Pumping Market"

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The horizontal wells segment is expected to hold the largest share of the North America pressure pumping market, by well type, during the forecast period 

The horizontal wells segment led the North American pressure pumping market in 2015 and is expected to grow at the fastest rate during the forecast period, owing to the increasing shale gas plays in the U.S. and Canada. This segment is primarily driven by ongoing shale plays in the U.S. & the auction of shale gas fields in Mexico in 2017 and is expected to create new revenue pockets for the North American pressure pumping market during the forecast period.

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Hydraulic fracturing to be the largest segment in the North America pressure pumping market 

With regards to the service type segment, hydraulic fracturing service segment in the North American pressure pumping market was expected to be the largest market in 2016. The increasing rate of hydraulic fracturing in oil sands in Canada along with the auction of shale gas fields, expected to take place in Mexico, is anticipated to fuel the growth of the North American pressure pumping market.

U.S.: The leading market for North American Pressure Pumping 

In this report, the North American pressure pumping market has been analyzed with respect to three countries, namely, the U.S., Canada, and Mexico. The U.S. is expected to dominate the North American pressure pumping market, given large number of ongoing shale plays in the country. Also, the low payback period is driving the U.S. market for pressure pumping services.

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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the North American pressure pumping market. These players include Halliburton (U.S.), Baker Hughes (U.S.), Schlumberger (U.S.), and Weatherford (Switzerland). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.

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