Hydraulic Fracturing Market Size to Surge $50.2 Billion by 2026 - MarketsandMarkets Blog - 0 views
-
Almira Coyne on 07 Apr 22The global hydraulic fracturing market is projected to reach USD 50.2 billion by 2026 from an estimated USD 34.8 billion in 2021, at a CAGR of 7.6% during the forecast period. The global hydraulic fracturing market is driven by the maturing conventional oil and gas reserves, the need for substitute resources, which could efficiently meet the rising energy demand, is growing. The discovery of shale oil and gas has proved helpful in meeting the requirements for clean and efficient energy sources.