Pressure Pumping Market Report 2026

The pressure pumping market size has grown strongly in recent years. It will grow from $61.98 billion in 2025 to $65.37 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to growth in oil and gas exploration activities, rising demand for hydraulic fracturing, expansion of industrial pumping applications, development of pressure pumping systems, increasing global energy demand.

The pressure pumping market size is expected to see strong growth in the next few years. It will grow to $80.51 billion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing investments in energy infrastructure, rising demand for efficient pumping technologies, expansion of high pressure industrial applications, stronger focus on enhanced productivity solutions, technological advancements in pumping systems. Major trends in the forecast period include increasing use of pressure pumping in oil and gas operations, rising adoption of high pressure pumping technologies, growing focus on efficient well fracturing processes, expansion of pressure pumping applications across industries, increasing emphasis on performance reliability and safety.

The increase in exploration activities across the oil, gas, and mining industries is expected to support the growth of the pressure-pumping market going forward. The oil and gas sector includes a specialized exploration and production (E&P) segment that focuses on the initial stages of energy extraction. Oil well production often requires additional lift systems to extract reservoir fluids, particularly in the case of heavy oil, making pressure pumps essential for lifting hydrocarbons to the surface. For instance, in February 2024, according to the U.S. Energy Information Administration, a US-based agency within the U.S. Federal Statistical System, the United Arab Emirates held an estimated 111 billion barrels of proved crude oil reserves at the start of 2023, up from 107 billion barrels in the previous year. Therefore, the growth in exploration activities within the oil, gas, and mining sectors is driving the expansion of the pressure-pumping market.

Companies operating in the pressure-pumping market are increasingly focusing on technological advancements, such as the development of high-power electric fracturing units, to enable more precise, efficient, and lower-emission operations in unconventional wells. High-power electric fracturing units utilize electrically driven plunger pumps combined with advanced control systems in place of traditional diesel-powered equipment, enabling stable pressure and flow control, reduced non-productive time, and a lower environmental footprint. For example, in June 2023, Jereh Group, a China-based oil and gas equipment manufacturer, introduced the 8000 HP E-Frac Unit. This system delivers ultra-high pressure of approximately 138 MPa with a flow rate of around 2.33 cubic meters per minute, supports continuous 24/7 operation, and provides electric-powered precision control. Compared with conventional diesel fracturing pumps, the unit reduces emissions, enhances operational efficiency, lowers maintenance needs, and improves reliability during intensive fracturing operations.

In January 2023, ProFrac Holding Corp., a US-based provider of hydraulic fracturing and completion services to upstream oil and gas companies, acquired REV Energy Holdings for an undisclosed amount. This acquisition was intended to strengthen ProFrac’s pressure-pumping capabilities and expand its geographic presence in major oil-producing regions, enhancing its competitive position and growth potential within the pressure-pumping market. REV Energy Holdings is a US-based pressure-pumping services company.

Major companies operating in the pressure pumping market report are Baker Hughes Company, Halliburton Company, Trican Well Service Ltd., NexTier Oilfield Solutions, FTS International Inc., Schlumberger Limited, National Oilwell Varco Inc., Calfrac Well Services Ltd., Weatherford International Plc., C&J Energy Services, LEWA GmbH, KAMAT GmbH & Co. KG, SPP PUMPS, Sam Pumps, Saipem SpA, Chevron Corporation, Shell PLC, Liberty Oilfield Services, ProPetro Holding Corp., Keane Group Inc., Sanjel Energy Services.

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

The pressure pumping market consists of sales of gear pumps, hydraulic pumps, magnetic drive pumps, jet pumps and lobe pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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