The global pressure pumping market size was USD 63.56 Billion in 2020 and is expected to register a CAGR of 4.6% through the forecast period. Steady market revenue growth can be attributed to increasing offshore exploration activities and implementation of supportive government policies and regulations for new exploration activities. Pressure pumping services improve productivity of proven resources, enhances asset values, and maintains reservoir integrity. The advent of shale gas and unconventional energy resources has significantly contributed to market growth in the recent past.
