Hydraulic Fracturing Market Report 2026

The hydraulic fracturing market size has grown strongly in recent years. It will grow from $44.33 billion in 2025 to $47.9 billion in 2026 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rising global energy demand, expansion of shale gas exploration, technological advancements in drilling, growth of oil and gas production activities, increasing focus on unconventional energy extraction.

The hydraulic fracturing market size is expected to see strong growth in the next few years. It will grow to $64.8 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to continued demand for natural gas supply, expansion of horizontal drilling operations, rising investments in energy exploration projects, increasing adoption of enhanced recovery techniques, growing need for higher production efficiency. Major trends in the forecast period include growing adoption of hydraulic fracturing to enhance oil and gas recovery, increasing demand for efficient fracturing fluids and technologies, rising focus on maximizing shale gas and tight oil production, growing investment in advanced well stimulation techniques, increasing emphasis on improving operational efficiency in fracturing operations.

The rising demand for oil and gas from offshore assets is expected to propel the growth of the hydraulic fracturing market going forward. Offshore assets refer to oil and gas production facilities located beneath the seabed, often in deepwater or ultra-deepwater environments. Demand for offshore assets is increasing as many mature onshore fields decline, prompting energy producers to tap into previously inaccessible hydrocarbon reserves. Hydraulic fracturing supports offshore oil and gas extraction by improving well permeability and maximizing hydrocarbon recovery from deep, complex subsea reservoirs. For instance, in March 2025, according to Global Energy Monitor, a US-based non-governmental organization (NGO), 19 offshore projects produced first oil or gas in 2024, accounting for 71% of the total volume of global field start-ups. Therefore, the rising demand for oil and gas from offshore assets is driving the growth of the hydraulic fracturing market.

Major companies operating in the hydraulic fracturing market are focusing on leveraging advanced digital automation solutions, such as autonomous fracturing systems, to enhance operational efficiency, consistency, and safety. Autonomous fracturing systems are intelligent digital technologies that automate workflows, data integration, and surface-equipment control across fracturing operations, enabling real-time monitoring of stimulation conditions, automated adjustment of pumping parameters, and optimized execution of fracture stages. For example, in September 2024, Halliburton Company, a US-based oilfield services and energy technology company, launched OCTIV Auto Frac, an autonomous fracturing service designed to allow operators to execute fracture designs with minimal human intervention. The solution automates thousands of pumping decisions based on customer job designs and pre-job control inputs while continuously adapting to dynamic stimulation conditions during operations. OCTIV Auto Frac improves completion performance, enhances operational consistency, and reduces the need for manual supervision, resulting in safer and more efficient hydraulic fracturing operations.

In January 2023, ProFrac Holding Corp., a US-based company primarily engaged in the hydraulic fracturing sector, acquired Rev Energy Holdings, LLC, and Producers Services Holdings, LLC for an undisclosed amount. This acquisition aligns with ProFrac's strategy to expand its presence in the hydraulic fracturing market, enhancing its service offerings and operational capacity. Producers Services Holdings, LLC is an Ohio-based company that provides pressure pumping services, while Rev Energy is a Canada-based private energy company specializing in hydraulic fracturing and related services.

Major companies operating in the hydraulic fracturing market report are Halliburton Company, Schlumberger Limited, Baker Hughes Company, NexTier Oilfield Solutions Inc., Calfrac Well Services Ltd., Liberty Oilfield Services LLC, Weatherford International plc, ProPetro Holding Corp., Evolution Well Services LLC, RPC Inc., PJSC Rosneft Oil Company, Trican Well Service Ltd., US Well Services Inc., Cudd Energy Services, Enerplus Corporation, Frac Shack Inc., Nine Energy Service Inc., Patterson-UTI Energy Inc., ProFrac Services LLC, Pro-Stim Services LLC, Sanjel Energy Services, STEP Energy Services Ltd., Tacrom Services SA, AFG Holdings Inc.

North America was the largest region in the hydraulic fracturing market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic fracturing market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydraulic fracturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hydraulic fracturing market consists of revenues earned by entities that are engaged in providing services such as preparation, drilling, well completion, production, and well abandonment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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