The global hydraulic fracturing market size is expected to reach around US$ 27.99 billion by 2030 from US$ 12.37 billion in 2021 and is expected to grow at an impressive double-digit rate of 9.5% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global hydraulic fracturing market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
Hydraulic fracturing is known as a technology in which the fluids are drove into the well at a high level of injection in order to breakdown the reservoirs of oil. This fluid comprise of chemicals, water, and sand. In addition, in the production of oil and gas, it is in general used to increase the production of oil & gas reservoirs in order to keep the well sticky in nature and also fracturing fluids are utilized in this technique for creating a fracture of better width. This technique of hydraulic fracturing is father known as fracking and it is utilized to generate gas and oil from the well. Also, this technique of fracking is provided by variouscompanies of oils & natural gas and it is also utilized in various applications such as tight oil, crude oil, shale oil and many others.
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Market Estimations Y-O-Y:
- Market Size Was Valued In 2021: US$ 12.37 Billion
- Market Size Is Projected to Grow By 2022: US$ 13.53 Billion
- Market Size Is Projected to Grow By 2023: US$ 14.81 Billion
- Market Size Is Projected to Grow By 2024: US$ 16.22 Billion
- Market Size Is Projected to Grow By 2025: US$ 17.76 Billion
- Market Size Is Projected to Grow By 2026: US$ 19.44 Billion
- Market Size Is Projected to Grow By 2027: US$ 21.29 Billion
- Market Size Is Projected to Grow By 2028: US$ 23.32 Billion
- Market Size Is Projected to Grow By 2029: US$ 25.55 Billion
- Market Size Is Projected to Grow By 2030: US$ 27.99 Billion
- Compound Annual Growth Rate (CAGR) from 2022 to 2030: 9.5 percent
Impact of COVID-19
The Hydraulic Fracturing Market is expected to be negatively affected during the COVID-19 pandemic because of oil price fluctuations and the closure of several manufacturing industries. An alarming spike in COVID-19 infections provoked governments to impose strict lockdown restrictions on extraction and manufacturing. As a result, prices for natural resources such as oil, fuel, and other resources began fluctuating.
Furthermore, the halt on manufacturing and transport led to a lack of raw materials and supply chain disruptions. However, the post relaxation phase is likely to raise the market’s position as industries adopt automated production and extraction technologies alongside social distancing. This factor is expected to boost market growth during the pandemic.
A key factor expected to drive the market of hydraulic fracturing during the forecast period is the increasing number of government relaxations across several countries. For instance, the governments of United States and China have announced various initiatives like financial aids, FDI provision and tax incentives in the hydrocarbon segment. This has led to an increase in the number of exploration activities globally. The advent of COVID-19 had an adverse impact on the global Hydraulic fracturing market since the pandemic brought the activities in refinery industry to a standstill globally which restricted the project construction, exploration and production activities. After the initial lockdown period, some of the activities were allowed but with restrictions and certain protocols that were required to be followed like the refinery will be operated with lesser capacity which will require less labour to come in contact and social distancing was required to be maintained in the premises as well.
Moreover, the sales in the industry dipped during the initial months of the year owing to the lockdown which led to the shutting down of the sellers for a certain period initially. Countries across the globe which are one of the biggest consumers of oil, gas and petroleum related products were under lockdown in the year which led to a decline in the prices of oil globally. Due to an adverse impact on the industry, several countries across the globe witnessed an oil price war. For instance, Russia and Saudi Arabia went into an oil price war when Russia denied on cutting down production in order to keep the prices moderate. With the industries recovering after the pandemic gradually, the oil & gas business is expected to operate in the full capacity starting from the third and fourth quarters of 2020. This will further help in the recovery of the hydraulic fracturing market.
Why should you invest in this report?
If you are aiming to enter the global hydraulic fracturing market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for hydraulic fracturing are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global hydraulic fracturing market include:
- Kitchen United
- Rebel Foods
- DoorDash Kitchen
- Zuul Kitchen
- Keatz
- Kitopi
- Ghost Kitchen Orlando
- Dahmakan
- Starbucks (Star Kitchen)
- Cloud Kitchen
Segments Covered in the Report
By Type
- Independent
- Commissary/Shared Kitchen
- Kitchen Pods
By Nature
- Standalone
- Franchised
Regional Analysis:
The geographical analysis of the global hydraulic fracturing market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global hydraulic fracturing Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global hydraulic fracturing market in 2030?
- What is the expected CAGR for the hydraulic fracturing market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global hydraulic fracturing market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1.Raw Material Procurement Analysis
4.3.2.Sales and Distribution Channel Analysis
4.3.3.Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Hydraulic Fracturing Market
5.1. COVID-19 Landscape: Hydraulic Fracturing Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1.Market Drivers
6.1.2.Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3.Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Hydraulic Fracturing Market, By Type
8.1. Hydraulic Fracturing Market, by Type, 2021-2030
8.1.1. Independent
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Commissary/Shared Kitchen
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Kitchen Pods
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Hydraulic Fracturing Market, By Nature
9.1. Hydraulic Fracturing Market, by Nature, 2021-2030
9.1.1. Standalone
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Franchised
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Hydraulic Fracturing Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.2. Market Revenue and Forecast, by Nature (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Nature (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Nature (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.2. Market Revenue and Forecast, by Nature (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Nature (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Nature (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Nature (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Nature (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.2. Market Revenue and Forecast, by Nature (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Nature (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Nature (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Nature (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Nature (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.2. Market Revenue and Forecast, by Nature (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Nature (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Nature (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Nature (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Nature (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.2. Market Revenue and Forecast, by Nature (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Nature (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Nature (2019-2030)
Chapter 11. Company Profiles
11.1. Kitchen United
11.1.1. Company Overview
11.1.2. Type Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Rebel Foods
11.2.1. Company Overview
11.2.2. Type Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. DoorDash Kitchen
11.3.1. Company Overview
11.3.2. Type Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Zuul Kitchen
11.4.1. Company Overview
11.4.2. Type Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Keatz
11.5.1. Company Overview
11.5.2. Type Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Kitopi
11.6.1. Company Overview
11.6.2. Type Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Ghost Kitchen Orlando
11.7.1. Company Overview
11.7.2. Type Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Dahmakan
11.8.1. Company Overview
11.8.2. Type Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Starbucks (Star Kitchen)
11.9.1. Company Overview
11.9.2. Type Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Cloud Kitchen
11.10.1. Company Overview
11.10.2. Type Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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