Global Hydraulic Fracturing Market 2025-2035

Description

List of Tables

Hydraulic Fracturing Market Size, Share & Trends Analysis Report by Application (Tight Gas, Shale Gas, Tight Oil), by Technology (Sliding Sleeves, Plug and Perf), and by Well Type (Horizontal and Vertical), Forecast Period (2025-2035)

Industry Overview

Hydraulic fracturing market was valued at $52.4 billion in 2024 and is projected to reach $115.1 billion in 2035, growing at a CAGR of 7.5% during the forecast period (2025-2035). This significant growth is driven by increased energy demand, the necessary enhanced oil and gas recovery, and the ongoing development of fracking technologies. Hydraulic fracturing is a process of inducing fractures in oil- or gas-producing rock formations by injecting fluid at high pressure into the wells. The wells are drilled, cased, and cemented. A fluid mixture, commonly 90% water, 9.5% sand, and 0.5% chemical additives, is pumped into the wells to create microfractures in the formation of hydraulic fracturing. The two major fracking technologies are plug-and-perf and sliding sleeves. In the plug-and-perf method, a special plug and perforating tools are sent into the horizontal well. The plug is set in place, and holes are made in the rock to initiate the fracturing process. The plug-and-perf operation involves pumping a bridge plug with perforating guns into the target zone in the horizontal well, beginning. Future direction is being driven by several main trends, including improvements in hydraulic fracturing technology, innovations in horizontal drilling technology, and an increasing emphasis on ecologically friendly fracking technologies for minimizing the environmental footprint while maximizing efficiency.

Market Dynamics

Global Surge Technological Innovation Boosts Hydraulic Fracturing Market

The hydraulic fracturing market is growing rapidly due to the global energy needs, and new drilling technologies are making it easier and less expensive to get oil and gas. In this process, a mix of water, sand, and chemicals is pumped deep into the ground at high pressure to create small cracks in the rocks, allowing the oil or gas to flow out more easily. New technologies such as horizontal drilling and real-time monitoring make the hydraulic fracturing method safer and more structured. With the help of AI and automation, companies can choose the best drilling locations, making fracking a smarter and cleaner way to meet growing energy needs. Companies are expanding their businesses with innovative and personalized solutions, such as Halliburton utilizes SmartFleet, a smart system, and CleanStim, an eco-friendly fluid, along with durable ceramic materials to keep rock fractures open. Also, Schlumberger implements advanced technologies such as BroadBand and HiWAY to improve oil and gas flow while decreasing environmental impact. Similarly, Liberty Energy introduced QuietFleet, an electric system designed to decrease noise and pollution. These companies are progressing the fracking market by making the process quicker, cost-effective, and eco-friendly.

Environmental Concerns over Water Use and Contamination Challenge Hydraulic Fracturing Market Growth

The hydraulic fracturing of rocks requires a lot of water, which is a serious threat to the environment, especially in dry regions. A fracking well in the United States uses between 2 million and 8 million gallons of water during its lifetime, depending on the duration and depth of the well. The United States Geological Survey (USGS) horizontally drilled shale wells can use up to 10 million gallons of water. In dry regions such as the Permian Basin in Texas, hydraulic fracturing places pressure on the restricted local water supplies, while highlighting the need for water recycling systems. High-density drilling activities can consume more water at levels compared to small cities, growing competition between agricultural communities, residential households, and fossil fuel producers for these valuable resources. As a result, the industry is progressively adopting on-site recycling units, agricultural communities, and non-traditional fracturing methods, such as gas- or foam-based fracking, to minimize their environmental impact and reduce reliance on freshwater sources.

Market Segmentation

Based on the application, the market is segmented into tight gas, shale gas, and tight oil.
Based on the technology, the market is segmented into sliding sleeves, plug, and perf.
Based on the well type, the market is segmented into horizontal and vertical.

Plug and Perf Technology Leads Market with Superior Stage-Wise Precision and Efficiency

Plug and Perf is the most common hydraulic fracturing process, particularly in horizontal shale wells, due to it is cost-effective, stage-controlled, and can be adapted to high-tech applications. In the process, plugs are placed into the well to section off, and perforating guns are used to shoot holes through the casing. High-pressure fluid is then injected to break or disrupt the rock, and sand fills the fractures to let the oil or gas come out. This is done in several stages to enhance production. Plug and Perf is extremely popular in shale-rich areas such as the Permian Basin and Eagle Ford in the US, where more than 85% of horizontal wells employ this technique. Extensively utilized in Canada's Montney Formation, Argentina's Vaca Muerta, and China's Sichuan Basin. Plug and perf technique is high in demand due to its real-time monitoring, compatibility with dispersible plugs, and automated pressure systems, making it both scalable and efficient.

Key Applications of Sliding Sleeves in Well Completion and Stimulation Operations

A sliding sleeve is a downhole tool used to control the flow of fracturing fluid into specific zones of a wellbore. It acts as a valve that can be opened or closed to selectively stimulate different sections of the reservoir. A process used to enhance oil and gas production from unconventional reservoirs such as shale. By selectively opening and closing these sleeves, operators can isolate and stimulate specific zones in the reservoir, maximizing production and efficiency. One of their key applications is in multi-stage hydraulic fracturing, where they allow operators to fracture different zones of a reservoir one after the other, improving efficiency and reservoir contact. They are also essential in selective completions, enabling the operator to open or close specific zones, allowing flow from productive areas while isolating less desirable ones. Additionally, sliding sleeves are used for pressure regulation between zones within the well, helping maintain stability and control during production or stimulation processes.

Regional Outlook

The hydraulic fracturing market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Dominating Region: North America

The North American hydraulic fracturing market is experiencing a significant boom, driven by the region's rich shale reserves, technological advancements, and high energy demands. The United States dominates the global fracking market with the bulk of production from shale-rich areas such as the Permian Basin in Texas and New Mexico, Eagle Ford in Texas, Bakken in North Dakota, and Haynesville in Louisiana. According to the U.S. Energy Information Administration, as of 2024, U.S. crude oil production increases by 270,000 barrels per day to an average of 13.2 million barrels per day, and all the manufacturing growth came from the Permian region. The Permian region averaged 308 active drilling rigs, which highlights more than half of the rigs in operation in the same year, though it was a reduction of 26 rigs as compared to 2023. Although the lower rig count, production in the Permian grows due to improvements in well productivity. Producers leveraged technological advancements, including electronic hydraulic fracturing technology, AI, and automated drilling processes, to enhance their operations. Moreover, favorable government policies that support energy independence, constant investment from the private sector, and increasing global demand for oil and gas exports, particularly liquefied natural gas (LNG). Furthermore, developments in automation, real-time data monitoring, and the use of eco-friendly fracturing fluids are additional driving market growth.

Energy Demand Fuels Rapid Growth in Asia-Pacific

The Asia-Pacific region is the most rapidly expanding hydraulic fracturing market owing to growth in energy demand, unrecovered shale reserves, and increasing applications of advanced drilling technologies. China takes the lead with significant investments in the Sichuan Basin, where shale gas production increased. India is cultivating its reserves in the Krishna-Godavari Basin, while Australia continues to expand fracking in the Cooper Basin. Additionally, supportive government policies and intelligent technologies such as AI, real-time monitoring, and environmentally friendly fluids are fueling the hydraulic fracturing market. Companies such as Halliburton use SmartFleet for real-time data monitoring and CleanStim fluids to reduce environmental impact, aligning with regulatory support for cleaner and more efficient energy production.

Market Players Outlook

The major companies operating in the hydraulic fracturing market include Baker Hughes Comp., Halliburton Energy Services, Inc., Liberty Energy, Inc., NexTier Completion Solutions, Inc., and Schlumberger Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

In June 2025, Chevron and Halliburton introduced a development in intelligent hydraulic fracturing, deploying closed-loop, feedback-driven completions in Colorado. This process combines automated stage execution with real-time subsurface feedback, optimizing energy delivery to the wellbore without human intervention. The system leverages Halliburton's ZEUS IQ platform and Chevron's expertise to enable autonomous, adaptive workflows that enhance efficiency and asset performance.
In January 2025, Cummins Inc. and Liberty Energy Inc. announced that the industry's first natural gas variable speed, large displacement engine to power Liberty's digiPrime hydraulic fracturing platform will be deployed in the first half of 2025. The companies entered into a strategic partnership to develop the revolutionary technology for the hydraulic fracturing market.

The Report Covers:

Market value data analysis of 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global hydraulic fracturing market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2028901

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Hydraulic Fracturing Market Sales Analysis - Application | Technology | Well Type ($ Million)
Hydraulic Fracturing Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Hydraulic Fracturing Industry Trends
- 2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Hydraulic Fracturing Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For the Global Hydraulic Fracturing Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For the Global Hydraulic Fracturing Market: Impact Analysis
3.3. Market Opportunities
- 3.3.1. Opportunities For the Global Hydraulic Fracturing Market: Impact Analysis

4. Competitive Landscape

4.1. Competitive Dashboard - Hydraulic Fracturing Market Revenue and Share by Manufacturers
Hydraulic Fracturing Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Baker Hughes Company
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis (Subject to Data Availability)
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Halliburton Energy Services, Inc.
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis (Subject to Data Availability)
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. Liberty Energy, Inc.
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis (Subject to Data Availability)
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. NexTier Completion Solutions, Inc.
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis (Subject to Data Availability)
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Schlumberger Ltd.
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis (Subject to Data Availability)
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Hydraulic Fracturing Market Sales Analysis by Application ($ Million)

5.1. Tight Gas
5.2. Shale Gas
5.3. Tight Oil

6. Global Hydraulic Fracturing Market Sales Analysis by Technology ($ Million)

6.1. Sliding Sleeves
6.2. Plug & Perf

7. Global Hydraulic Fracturing Market Sales Analysis by Well Type ($ Million)

7.1. Horizontal
7.2. Vertical

8. Regional Analysis

8.1. North American Hydraulic Fracturing Market Sales Analysis - Application | Technology | Well Type | Country ($ Million)
Macroeconomic Factors for North America
- 8.1.1. United States
- 8.1.2. Canada
8.2. European Hydraulic Fracturing Market Sales Analysis - Application | Technology | Well Type | Country ($ Million)
Macroeconomic Factors for Europe
- 8.2.1. UK
- 8.2.2. Germany
- 8.2.3. Italy
- 8.2.4. Spain
- 8.2.5. France
- 8.2.6. Russia
- 8.2.7. Rest of Europe
8.3. Asia-Pacific Hydraulic Fracturing Market Sales Analysis - Application | Technology | Well Type| Country ($ Million)
Macroeconomic Factors for Asia-Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. South Korea
- 8.3.4. India
- 8.3.5. Australia & New Zealand
- 8.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 8.3.7. Rest of Asia-Pacific
8.4. Rest of the World Hydraulic Fracturing Market Sales Analysis - Application | Technology | Well Type | Country ($ Million)
Macroeconomic Factors for the Rest of the World
- 8.4.1. Latin America
- 8.4.2. Middle East and Africa

9. Company Profiles

9.1. Baker Hughes Company
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
9.2. BP p.I.c.
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
9.3. Calfrac Well Services Ltd.
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
9.4. Equinor ASA
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
9.5. Exxon Mobil Corp.
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
9.6. Element Technical Services Inc.
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
9.7. Hart Energy (Crain Communications Inc)
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
9.8. Halliburton Energy Services, Inc.
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
9.9. Liberty Energy, Inc.
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
9.10. NexTier Completion Solutions, Inc.
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
9.11. Nine Energy Service, Inc.
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
9.12. Patterson-UTI Energy, Inc.
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
9.13. Petroleo Brasileiro SA
- 9.13.1. Quick Facts
- 9.13.2. Company Overview
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategies
9.14. ProFrac Holdings, LLC
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
9.15. Royal Dutch Shell Plc
- 9.15.1. Quick Facts
- 9.15.2. Company Overview
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategies
9.16. RPC, INC.
- 9.16.1. Quick Facts
- 9.16.2. Company Overview
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategies
9.17. Schlumberger Ltd.
- 9.17.1. Quick Facts
- 9.17.2. Company Overview
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategies
9.18. TACROM
- 9.18.1. Quick Facts
- 9.18.2. Company Overview
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategies
9.19. TRICAN
- 9.19.1. Quick Facts
- 9.19.2. Company Overview
- 9.19.3. Product Portfolio
- 9.19.4. Business Strategies
9.20. TechnipFMC plc
- 9.20.1. Quick Facts
- 9.20.2. Company Overview
- 9.20.3. Product Portfolio
- 9.20.4. Business Strategies
9.21. United Oilfield Services
- 9.21.1. Quick Facts
- 9.21.2. Company Overview
- 9.21.3. Product Portfolio
- 9.21.4. Business Strategies