Pressure Pumping Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Oil and Other Petroleum Products
- Access to More Gas and Oil in this Technique
- Growing Investment in the Oil & Gas Sector
Challenges
- Growing Adoption of Green Energy
- Higher Expense of Offshore Production
Pressure Pumping Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.8% |
|
Base Year Market Size (2024) |
USD 88.59 billion |
|
Forecast Year Market Size (2037) |
USD 208.36 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of pressure pumping is assessed at USD 93.71 billion.
Pressure Pumping Market size was over USD 88.59 billion in 2024 and is projected to reach USD 208.36 billion by 2037, witnessing around 6.8% CAGR during the forecast period i.e., between 2025-2037.
Middle East and Africa industry is likely to account for largest revenue share by 2037, propelled by large oil reserves in the gulf countries, along with advancement in oil drilling technology.
The major players in the market are Schlumberger Limited, Trican Well Service Ltd., Patterson-UTI Energy Inc., Baker Hughes Company, Halliburton Company, RPC, Inc., FTS International, and others.
