Hydraulic Fracturing Market Segmentation:
Well Sites Segment Analysis
The onshore segment is estimated to hold 60% share of the global hydraulic fracturing market in the upcoming years. The growth of the segment can be attributed to the rise in the number of new discoveries in the onshore wells. Norway acquired new 54 licenses followed by 29 by India and 11 by Egypt to carry on the exploration in the onshore wells. Hydraulic fracturing is utilized in onshore wells for the extraction of natural gas and also for microbial enhanced oil recovery of the old wells to stimulate oil production.
Fluid Type Segment Analysis
The foam-based segment in the hydraulic fracturing market is poised to garner a tremendous share of around 46% during the forecasted period. Out of all the fluid types used in fracturing, foam-based is considered the best-suited fracturing fluid. The growth of the segment is attributed to the need of adopting a sustainable approach. The areas with a severe shortage of water, foam-based ones are the most convenient. Moreover, they are also suitable for water-sensitive environments and formation.
Our in-depth analysis of the global hydraulic fracturing market includes the following segments:
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Well Type |
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Well Sites |
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Fluid Type |
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Technology |
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Application |
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