Global Shale Gas Hydraulic Fracturing Market: Overview
Oil and Gas industry is under high pressure due to depleting natural reserve of the fossil fuel. This has led the companies to opt for new and unconventional methods of the oil extraction. One such method is horizontal drilling into the shale rocks as they are one of the largest reserve of crude oil following the reserves present under the sea bed. This horizontal drilling of the shale rocks is done using hydraulic fracturing equipment. They are design to penetrate hard surface of the rocks while keeping the waste and breakdown of the rocks to the minimum. They are also designed to avoid leakage of the oil while extraction. Based on these benefits, the global shale gas hydraulic fracturing market is expected to grow substantially in the forecast period of 2019 to 2027.
A Transparency Market Research’s report allows the readers to have a crystal clear picture of the global shale gas hydraulic fracturing market for the period of 2019 to 2027. It offers the stakeholders with the information such as recent developments, trends, and favorable strategies opted by various other players during the projected time frame. These insights help the businesses to understand the dynamics of the market and have a better decision-making.
Get an idea about the offerings of our report from Report Brochure
Global Shale Gas Hydraulic Fracturing Market: Notable Developments
Due to the fragmented scenario of the global shale gas hydraulic fracturing market, the players are facing a tough competition in the forecast period of 2019 to 2027. This nature of the market is attributed to the presence of the several prominent players. These players are constantly updating their product portfolio which further enables them to capture a considerable share in the global shale gas hydraulic fracturing market.
Moreover, the players are using strategic mergers and partnerships to acquire the top spot in the global shale gas hydraulic fracturing market. These strategies also allow the players to enhance their portfolio and gain a considerable advantage over their rivals.
- In June 2019, C&J Energy Services and Keane Group, Inc. announced a definitive agreement whereby both the companies shall enter all-share equal merger. This merger shall allow the companies to achieve a respectable position in oil and gas service industry. Together the companies aim to generate 2.3 million of hydraulic fracture horsepower and can provide their service to almost every region across the globe. With these benefits, the merger shall help both the companies to gain a substantial edge over their rivals in the global shale gas hydraulic fracturing market.
Global Shale Gas Hydraulic Fracturing Market: Key Drivers
Demand for Plug and Perforate Machines Drive the Revenue Growth
Since oil and gas industry is highly competitive, businesses are calling for drills that can act as a plug and play device. For this they require machines that can reduce the time of assembling and can get directly to work once reach at the site. To cater to this demand, the shale gas hydraulic fracture manufacturers are developing machines that are easy to transport, assemble, and operate. With the help of these developments, the players can capture a considerable share of the market. This also supports the global shale gas hydraulic fracturing market to maintain its momentum throughout the tenure of 2019 to 2027.
Growing Demand for Natural Gas Remains Key Factor Responsible for the Growth of Market
Though exhausting with an astonishing rate, fossil fuels and natural gas remains the most popular fuels today. The demand is also expected to grow even further in the future, but the scarcity of the oil and gas in the underground reserve is drawing the players attention towards the extracting the gas that is trapped between massive rocks beneath the earth’s surface. Due to this demand for extracting the natural gas from these rocks calls for shale gas hydraulic fracturing machines, that further propels the growth of global shale gas hydraulic fracturing market in the forecast period of 2019 to 2027.
Looking for Regional Analysis or Competitive Landscape in Shale Gas Hydraulic Fracturing Market, ask for a customized report
Global Shale Gas Hydraulic Fracturing Market: Regional Analysis
North America was the biggest customer in of the global shale gas hydraulic fracturing market by the end of 2018. The region is expected to remain the most lucrative region in the coming year of the 2019 to 2027. This dominance is attributed to the rising demand for shale gas in several applications such as propulsion of vehicles and machines in the U.S. and Canada.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.