Zion Market Research Global Pressure Pumping Market, 2016 – 2024 | Page 3

Pressure Pumping Market
Global Pressure Pumping Market: Growth Factors
Pressure pumping market is projected to witness a good growth owing to growing activities in
the exploration and production of non-conventional shale gas. These are coupled with further
operations such as enhanced oil recovery (EOR), sand controlling, acidization, and services
cementing. Pressure pumping services are implemented in the mature reservoirs which face the
difficulty in extraction of oil. The huge demand for energy and surge for recoverable resources,
explorations, and productions are the contributing factors to increase the demand for the global
pressure pumping market. Heavy investments made by the oil and gas companies in the oil
drilling activities are also driving the global pressure pumping market. High installation cost,
concerns related to contamination of water, strict government regulations, and earth seismic
activity are few factors which may restrain the pressure pumping market.
Global Pressure Pumping Market: Segmentation
The global pressure pumping market is segmented into well type, service type, and structure
type. Based on the well type, the market is divided into land and offshore. Pressure pumping
market on the basis of service type is fragmented into remedial cementing, cementing services,
hydraulics, and fracturing. On the basis of the structure type, pressure pumping market is
divided into a horizontal well and vertical well.
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