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Hydraulic Fracturing Market Share

Report ID: GMI1122
Published Date: Dec 2024
Report Format: PDF

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Hydraulic Fracturing Market Share

Hydraulic Fracturing Company Market Share Analysis, 2024

Major companies in the hydraulic fracturing industry are implementing strategic consolidation activities and allocate resources toward research and development initiatives to strengthen their competitive position. These approaches enable companies to enhance their market presence while developing innovative solutions that address evolving customer needs and technological requirements.

Hydraulic Fracturing Market Companies

Major players operating across the industry include:

Baker Hughes
Calfrac
Evolution
Halliburton
Liberty
National Energy Services
NexTier
NOV
ProFrac
Schlumberger
Shell
Tacrom
TechnipFMC
Trican
Weatherford

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of hydraulic fracturing reached USD 40.6 billion in 2024 and is set to grow at a 7.4% CAGR from 2025 to 2034, driven by increasing energy demands and the focus on unconventional resource extraction.

The tight oil segment is expected to grow at a CAGR of over 7.5% through 2034, supported by advancements in drilling technologies, robust oil demand, and investments in domestic energy independence.

The U.S. market is anticipated to surpass USD 38 billion by 2034, led by rapid shale resource development, new oil and gas field discoveries, and increased domestic production capacity.

Key players in the market include Baker Hughes, Calfrac, Evolution, Halliburton, Liberty, National Energy Services, NexTier, NOV, ProFrac, Schlumberger, Shell, Tacrom, TechnipFMC, Trican, and Weatherford.