Growth in unconventional resources, mainly shale gas and oil reserves along with large investments in exploration and production activities are driving the frac tree market. Growing investment in shale oil and gas is contributing towards the growth of the market. Shale is a low permeability sedimentary stone development, which contains trap oil and gas. With using a mixture of water, sand, detergents, and other stimulating fluids, pressure is applied on these rock formations to fracture the rock and allow the oil and gas to rise to the surface where it is collected for processing.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/8942
Jereh Group, a main oilfield equipment maker, launched new electric solution for shale gas improvement. Jereh’s new innovation is different from other because of its robust electric engine and Jereh licensed JR5000QPN pump, focusing and empowering the electric frac fleet to satisfy operations of large displacement, high pressure and long duration. A power supply package is offered for areas with deficient power grids or any type of power facilities. the electric fleet is more economical with power density of 134kw/t in comparison to diesel fleets. The electric solution is environmental-friendly with low noise level of less than 85 dB and less lube leaking.
Rise in discovery of multiple reservoirs of shale oil and gas and rising offshore exploration activities in the region. Increasing population and increasing demand for energy impacting on the demand for frac tree. Operational efficiency along with growing number of exploitation and discoveries of marginal oil reserves drive the frac tree industry share. Rising focus toward digitalization and automation of the drilling operations to augment crude oil production rate will further boost the business landscape. Thecost-effective nature of frac tree enablesoil and gas industries to adopt it for production.
Top Key Market Players
- Stonewell Energy
- Aero Rental Services
- Ocean Petroleum Machinery Co. Ltd.
- Helios Oil
- Gas Equipment.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/8942
COVID-19 scenario analysis:
- The global market for frac tree is severely impacted by the outbreak of the COVID-19 pandemic.
- The COVID-19 pandemic led to a decline in the economic growth in almost all major countries, thus affecting consumer spending patterns.
- Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
- Thus, insufficiency in raw material supply is expected to hamper the production rate of frac tree, which negatively impact the market growth.
Request Customization [“COVID-19 impact”]: https://www.alliedmarketresearch.com/request-for-customization/8942?reqfor=covid
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.