Hydraulic Fracturing Market Global Trends, Segmentation And Opportunities Forecast To 2030
Hydraulic Fracturing Market Analysis: Hydraulic Fracturing Market is expected to expand at 14.2% CAGR up to USD 34,800 million during the forecast period (2022-2030). The study addresses and examines the effect of the outbreak of COVID-19 on the global hydraulic fracturing market, including potential opportunities and challenges, drivers, and risks. The energy sector has seen the transition from conventional crude oil and natural gas to shale oil & gas and gas hydrates. With the rising demand for fuel from growing nations, large-scale production of shale oil has begun globally. Most shale rocks are semi-permeable, and hence the oil produced is called tight oil. Conventional drilling techniques, as well as drilling fluids used for the production of normal crude oil or gas, are inefficient to extract oil from these rocks. Hydraulic fracturing technology benefits from rising shale production and increased demand for energy fuels. Fracturing helps to form cracks in tight ro...