Pressure Pumping Market

Pressure Pumping Market Size by Service Type (Hydraulic Fracturing, and Cementing), By Resource Type (Conventional and Unconventional), By Well Type (Horizontal, Vertical, and Directional), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13885
  • Published Date: Dec, 2023
  • Pages: 237
  • Category: Chemicals & Materials
  • Format: PDF
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The global pressure pumping market was valued at USD 69.28 billion in 2022 and is anticipated to grow at a CAGR of 4.4% from 2023 to 2032. By using practiced fracturing fluid to push fractures through layers of rock, practiced pumping is a technique where cement is pushed into the wall bore to complete the fractures. The main application of practice pumping is extracting resources from low-permeability reservoirs, such as tight gas, unconventional liquids, and shale gas, which would be extremely challenging to extract by standard drilling techniques. Throughout their existence, oil and gas wells must be installed utilizing the proper pumping method. Oil and gas companies are now forced to concentrate on unconventional onshore and discharge locations that require pumping services to extract hydrocarbons due to the discharge of onshore and shallow water reservoirs.

Market Introduction:

In the field of oil and gas extraction, pumping is an essential and intricate process that is vital to improving well productivity. This all-inclusive method entails high-pressure fluid injection into a wellbore, usually a blend of water, sand, and structural chemicals. Optimizing hydrocarbon recovery and stimulating the reservoir are the main goals of practice pumping. The oil and gas sector's work performance and extraction efficiency are greatly impacted by this complex process, which is essential to its overall success. Fundamentally, practice pumping is the application of social technologies and techniques to control the conditions below the surface of a well. The procedure is especially used in unconventional gas and oil reservoirs, such as shale formations, where hydrocarbon extraction necessitates sophisticated procedures beyond standard drilling methods. Pressure pumping makes it easier for hydrocarbons to flow to the wellbore by fracturing the reservoir rock and increasing the formation's permeability. This aspect increases production rates.

Pressure Pumping Market Size

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Recent Development
  • In April 2022: On Thursday, U.S. oil futures reached multi-year highs, trading near USD 105 per barrel. Baker Hughes claims that the price increase has fueled a rise in demand for oilfield services and related equipment, as seen by the U.S. rig count rising from 438 to 695 in the week leading up to April 2022.
  • In January 2021: Schlumberger's onshore hydraulic fracturing business in the United States and Canada has merged with Liberty Oilfield Services, Inc. Schlumberger will keep a 37% ownership stake in the North American oilfield company as part of the acquisition. Liberty's working pressure pumping capacity is anticipated to double due to the agreement without incurring any debt to its balance sheet.

Market Dynamics:


Reservoir Optimization and Maximizing Recovery - Reservoir engineers and operators aim to maximize hydrocarbon recovery while maintaining optimal reservoir performance. This entails practicing pumping interventions to increase productivity, produce fractures, and stimulate reservoirs, such as acidizing and hydraulic fracturing. The industry's need for professional pumping services is only increasing as it looks for more efficient and efficient recovery techniques. Reservoir optimization greatly benefits from pumping operations. Fracking, also called hydraulic fracturing, is a process that makes rock fractures to improve the flow of hydrocarbons. By injecting high-pressure fluid into the reservoir, permeability is increased, and production rates are increased by causing the formation to crack. This is the primary factor for the market growth and development.


Infrastructure Limitations - Poor infrastructure and challenges pose a significant hurdle in the global pressure pumping market growth and development. Supplying relatable devices, equipment, and labourers to and from project sites can be challenging for companies engaged in pumping without infrastructure-backed transportation networks. This may result in operational inefficiencies, higher transportation expenses, and longer project completion times. Logistical obstacles are further compounded by insufficient infrastructure, which might restrict access to isolated or difficult roads where pumping operations are frequently carried out. For pressure pumping companies, inadequate infrastructure also raises operating expenses. Businesses might need to allot extra funds to waste management and alternative modes of transportation if waste disposal facilities are inadequate or transportation networks are not optimal.


Unconventional Resource & Oilfield Exploration - Significant volumes of hydrocarbons that were previously unreachable by traditional extraction techniques were stored in unconventional reservoirs, especially shale formations. The energy sector has seen substantial investment and technological breakthroughs due to the economic viability of these resources. The industry has resorted to unconventional sources to meet the world's energy demands as conventional oil and gas supplies remain exhausted. As a result of this change, hydraulic fracturing is now more frequently used to tap into the potential of these unconventional reservoirs. Hydraulic fracturing's capacity to reach previously unexplored regions has significantly influenced the growth of the global market. Businesses have been able to boost output and add to the overall energy supply by utilizing unconventional resources. This aspect has improved domestic energy security and changed the dynamics of the global energy system. The rising accessibility of unconventional natural gas and oil reserves has significantly influenced energy markets, mitigating reliance on imports in certain areas.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region emerged as the most prominent global Pressure pumping market, with a 38.0% market revenue share in 2022. United States is the key country contributing towards the regional market growth and development. The shale revolution and North America's leadership in the petroleum pumping industry are inseparable. There has been a strong rise in pumping processes due to the shale gas exploration methods. In these areas, hydraulic fracturing has come to be associated with the large amounts of oil and gas that may be extracted, greatly enhancing North America's market dominance. North America enjoys the advantages of a well-established infrastructure network that supports seamless pumping operations. This network includes transportation and waste disposal facilities. A vast pipeline network makes it easier to move resources quickly and efficiently, which lowers operating expenses and logistical difficulties. North America's substantial market dominance is partly attributable to this infrastructure advantage. The regional market players also engage in various market strategies such as product innovation, product differentiation, mergers, acquisitions, partnerships, and strategic alliances to maintain their competitive edge.

North America Region Pressure Pumping Market Share in 2022 - 38.0%

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  • In 2020: The most notable additions and discoveries of proven crude oil reserves and lease condensates were made in the United States, found in North Dakota, Texas, and New Mexico. About 1.8 billion barrels were contributed by operators in Texas, 0.7 billion barrels in New Mexico, and 0.2 billion barrels in North Dakota in terms of extensions and finds. The E&P firms, and consequently the pressure pumping services, are expected to benefit from further development and production prospects that result from the discoveries.
  • In August 2021: For an unknown sum, NexTier Oilfield Solutions Inc., a US-based supplier of oilfield services, acquired Alamo Pressure Pumping, LLC. With the backing of Alamo's acquisition, NexTier Oilfield Solutions Inc. hopes to enhance its position as the industry leader in next-generation technology, accelerate and intensify the effects of its low-cost, low-carbon strategy, and boost long-term shareholder value. Pressure pump producer Alamo Pressure Pumping, LLC, is in the United States.
Service Type Segment Analysis

The service type segment includes hydraulic fracturing, and cementing. The hydraulic fracturing segment dominated, with a market share of around 57% in 2022. Because hydraulic fracturing increases large fracture networks inside the reservoir, it generally increases well production. The cracks open channels for gas and oil to flow more easily, raising production rates. Hydraulic fracturing's constant market share in the pumping sector results from its capacity to increase work productivity. The market share of hydraulic fracturing services is always changing due to ongoing technological developments in the equipment and technologies used in the process. Modern innovations, including improved fluid mixtures, real-time monitoring systems, and sophisticated proppants, improve the accuracy and productivity of hydraulic fracturing operations. The deployment of these technologies further affects the market dominance of hydraulic fracturing.

Resource Type Segment Analysis

The resource type segment is bifurcated into unconventional and conventional. The conventional segment dominated, with a market share of around 62% in 2022. Conventional pressure pumping services are essential in developed and mature fields where reservoir pressure naturally declines and interventions are required to sustain or improve production. The variety of services sold in the traditional reservoirs that are enhanced oil recovery (EOR) technologies like gas and water injection are possible by pumping. Techniques for good stimulation are frequently found in conventional oil and gas reservoirs to increase production. Pumping services stimulate the reservoir for treatments, acidizing, or hydraulic fracturing. The proportion of the market these services hold indicates their ability to maximize the final recovery of hydrocarbons and optimize production from conventional wells.   

Well Type Segment Analysis

The well type segment is bifurcated into horizontal, vertical and directional. The horizontal dermatology clinics segment dominated, with a market share of around 84% in 2022. Regarding reservoir contact, horizontal wells offer a substantially larger area than vertical ones. Increased exposure to hydrocarbon-bearing formations is made possible by the extended approach, which boosts productivity. The industry's focus on maximizing reservoir contact for better water performance is reflected in the market share of pressure pumping services in horizontal wells. Hydraulic fracturing techniques are frequently used in horizontal wells to extract the reservoir along the horizontal segment. This method improves permeability and makes hydrocarbon flow easier. The industry's use of advanced hydraulic fracturing methods for efficient reservoir stimulation is reflected in the market share of pressure pumping services in horizontal wells.

Some of the Key Market Players:
  • Schlumberger
  • Halliburton
  • Baker Hughes
  • Weatherford International
  • National Oilwell Varco
  • C&J Energy Services
  • Calfrac Well Services
  • FTS International
  • Keane Group
  • Liberty Oilfield Services
  • NexTier Oilfield Solutions
  • Patterson-UTI Energy
  • ProPetro Holding Corp.
  • RPC Inc.
  • Sanjel Energy Services
  • Superior Energy Services
  • Trican Well Service
  • Basic Energy Services
  • Mammoth Energy Services

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 69.28 Billion
Market size value in 2032 USD 106.56 Billion
CAGR (2023 to 2032) 4.4%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Service Type, Resource Type, Well Type

Frequesntly Asked Questions

As per The Brainy Insights, the size of the Pressure pumping market was valued at 69.28 billion in 2022 to USD 106.56 billion by 2032.

The global Pressure pumping market is growing at a CAGR of 4.4% during the forecast period 2023-2032.

North America region became the largest market for Pressure pumping.

The rising demand for natural gas is influencing the market's growth.

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This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global pressure pumping market based on below-mentioned segments:

Global Pressure Pumping Market by Service Type:

  • Hydraulic Fracturing
  • Cementing

Global Pressure Pumping Market by Resource Type:

  • Conventional
  • Unconventional

Global Pressure Pumping Market by Well Type:

  • Horizontal
  • Vertical
  • Directional

Global Pressure Pumping Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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