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Home » Automotive » Electric Fracturing Fleet Market Report 2030

Electric Fracturing Fleet Market By Type (Shale Oil Fracturing, Conventional Oil Fracturing); By Component (Electric Motors, Pumps, Transformers, Power Electronics); By Application (Fracturing Vehicle, Instrument Vehicle, Control Vehicle, Other Support Vehicles); By Power Source (Grid-Supplied Electricity, Onsite Renewable Energy [e.g., Solar, Wind], Battery Storage Systems, Hybrid Power Systems); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: AUG-2024   |   Base Year: 2022   |   No Of Pages: 250   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 33112577

The Electric fracturing Fleets market in 2023 was estimated at USD 8.3 billion and is anticipated to rise to USD 15.9 billion by 2030, with a CAGR of 9.6% during the forecast period.

 

electric fracturing fleets market infographics

 

Electric fracturing fleets represent a significant advancement in hydraulic fracturing technology, replacing traditional diesel-powered equipment with electrically driven systems. In the oil and gas sector, there is an extensive use of electric fracturing fleets to enhance efficiency during fracking operations while at the same time minimizing environmental impact. This technology has gained prominence with companies striving to align themselves with more stringent environmental regulations and adopt sustainable practices in their extraction processes.

 

The market for electric fracturing fleets is growing rapidly due to a rising demand for cost-efficient and environmentally friendly alternatives in the oil & gas industry. The shift towards E-fracturing fleets is driven by reducing carbon footprint and cutting costs. For instance, electric fleets can reduce diesel consumption by up to 90%, representing significant cost savings and reduction in carbon emissions. This transition is further supported by battery technologies’ advancement alongside grid infrastructure, making operations more reliable and efficient. The trends are particularly strong in regions like North America, where hydraulic fracturing is common, with most firms investing heavily in electric fleets so that they can comply with regulations that aim at improving sustainability.

 

electric fracturing fleets market by share

 

Key Drivers for the Electric Fracturing Fleets Market

• Environmental Regulations: Increasingly stringent environmental regulations push the oil and gas industry toward adopting cleaner technologies. Electric fracturing fleets significantly reduce greenhouse gas emissions compared to traditional diesel-powered fleets, aligning with global efforts to combat climate change. For instance, electric fractures can lead to up to 50% CO2 reduction and hence become attractive options for firms targeting emission reductions.

 

• Cost Efficiency: The primary driver for the increased adoption of electric fracture fleets is their operating cost savings. Electric systems eliminate the need for expensive diesel fuel, which accounts for a major portion of operating costs in traditional fleets. Moreover, reduced maintenance requirements of electric motors versus diesel engines contribute to long-term cost efficiency. For example, companies have reported up to 40% fuel savings when switching to electric fleets.

 

• Energy Efficiency: Electric fracturing fleets offer enhanced energy efficiency by converting electrical energy into mechanical energy more effectively than internal combustion engines. This results in more consistent and reliable power delivery during fracturing operations. For instance, electric fleets can achieve energy conversion efficiencies of over 90%, compared to 35-40% for traditional diesel engines, leading to more efficient resource extraction.

 

Challenges and Constraints in the Electric Fracturing Fleets Market

• High Initial Capital Investment: The initial expenses of purchasing and installing an electric fracturing fleet are much higher than those for conventional diesel-powered fleets. This includes electric motors, batteries, and necessary infrastructure costs that can deter many companies, especially small-scale operators.

 

• Limited Charging Infrastructure: The charging infrastructure for electric fracturing fleets in remote areas where oil and gas operations normally occur is still limited. This may cause operational delays and additional costs associated with setting up temporary charging stations.

 

• Battery Life and Performance: The performance and lifetime of batteries utilized in electrical fracturing fleets may become an issue, particularly under harsh environmental circumstances. Higher temperatures, heavy loads, and continuous operation could decrease battery efficiency, resulting in more frequent replacements and, hence, higher operating costs.

 

Market Opportunity (Leveraging Renewable Energy for Electric Fracturing Fleets)

One of the major opportunities in the electric fracturing fleets market lies in the increasing emphasis on reducing greenhouse gas emissions and transitioning to cleaner energy sources in the oil and gas industry. Governments and companies are under growing pressure to meet environmental targets, such as the Paris Agreement, which aims to limit global warming to below 2 degrees Celsius. As a result, this presents a significant opportunity for electric fracturing fleets, which provide a more ecological alternative to regular diesel-operated fleets.

 

For instance, carbon emissions can be significantly reduced by up to 50% compared to their diesel counterparts, making them a preferable option for corporates targeting to reduce their environmental footprints by utilizing electrical fracturing fleets. Furthermore, electric-powered vehicles have reduced noise pollution by 90%, thus making their use quite beneficial, especially if operating near residential or environmentally sensitive locations.

 

The U.S Environmental Protection Agency (EPA) is a case study among countries that have recently been focusing on regulating emissions from the oil and gas sector, which may lead to stricter emission standards for fracking operations. By adopting electrical fracking fleets, such organizations could position themselves as sustainability leaders, giving them a possible competitive advantage in places where compliance with environmental regulations is significant.

 

Besides, there is the growing availability of renewable energy sources such as wind and solar power that can be used to fuel electric fracking fleets, thereby making them even more environmentally friendly and reducing operational costs related to fuel. This relationship between renewable energy and electric fracking technology shows good promise for firms that are looking for strategies to achieve global sustainability objectives in a manner that will not compromise their operational efficiency.

 

electric fracturing fleets market by type

 

Comprehensive Market Segmentation of the Electric Fracturing Fleet Market

The electric fracturing fleet market segmentation is done on the basis of type, component, application, power source, and region.

By Type:

  • Shale Oil Fracturing

  • Conventional Oil Fracturing

 

By Component:

  • Electric Motors

  • Pumps

  • Transformers

  • Power Electronics

 

By Application:

  • Fracturing Vehicle

  • Instrument Vehicle

  • Control Vehicle

  • Other Support Vehicles

 

By Power Source:

  • Grid-Supplied Electricity

  • Onsite Renewable Energy (e.g., Solar, Wind)

  • Battery Storage Systems

  • Hybrid Power Systems

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands 

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • China

  • India

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Saudi Arabia

  • Argentina

  • Uruguay

  • Rest of LAMEA

 

Impact of Shale Oil Operations on Electric Fracturing Fleet Market Growth

On the basis of type, the "Shale Oil Fracturing" segment dominated the market with 59.90% of revenue share. This dominance is due to extensive shale oil exploration and production activities in regions like North America, where the shale revolution has considerably reshaped the energy landscape. The US, for instance, has become one of the world’s largest oil producers, with more than 60% of its total oil production coming from shale formations. The need for efficient and environmentally friendly fracturing technologies such as electric fracturing fleets is particularly high in shale oil operations due to the complex nature of these reservoirs that require advanced techniques to extract the oil effectively.

 

The Role of Electric Motors in Enhancing Efficiency and Sustainability in Fracturing Fleets

On the basis of components, the "Electric Motors" segment dominated the market significantly. Electric motors have been described as an integral element in the electric fracturing process since they play a key role in powering pumps through which fracturing fluids are forced into wells. Electric motors' efficacy, reliability, and power are vital to ensure continuity and efficiency during the operation of fracturing fleets. Moreover, their adoption in such fleets has also been driven by their ability to reduce greenhouse gas emissions and operational costs compared with traditional diesel engines, thus making them a preferred choice for more sustainable energy extraction practices.

 

Fracturing Vehicles: Driving Environmental Compliance and Operational Efficiency

In terms of applications, the “Fracturing Vehicle” segment dominates the electric fracturing fleet market with 63% of revenue share. This predominance arises from these vehicles' importance in maintaining the effectiveness and efficiency of fracture operations in this sector. With the increased shift towards electric-powered fleets, efforts have been dedicated to integrating performance with environmental compliance while lowering operational costs. Thus, there has been approximately a 30% increase year-over-year in adopting electric fracturing fleets due to the need to reduce emissions and operational costs. In particular, electric fleets are increasingly used to satisfy environmental laws and enhance efficiency in areas such as the Permian Basin in the US. These vehicles are equipped with pumps, mixers, and storage for fracturing fluids, making them the core component of the fracturing process.

 

Grid Infrastructure's Role in Supporting Electric Fracturing Fleet Operations

On the basis of power source, the Grid-Supplied Electricity segment dominated the market due to its reliability and availability. The widespread availability of electrical grids in regions with prominent oil and gas extraction supports this dominance. For instance, in the United States, where shale oil fracturing is extensive, grid infrastructure is well-developed, allowing companies to connect their fleets to the grid easily. The stability of grid-supplied electricity ensures uninterrupted operations, which is crucial for the efficiency and productivity of fracturing activities, making it the leading power source in this market.

 

Environmental Focus Drives U.S. Leadership in Electric Fracturing Fleet Market

The North American region dominates the electric fracturing fleet market, particularly the United States. This dominance is driven by the extensive shale oil reserves in the U.S., particularly in regions like the Permian Basin, one of the world's most prolific oil-producing areas. Moreover, an increasing number of electric fracking fleets are being introduced into North America, focusing on reducing carbon emissions and improving operational efficiency within the extraction of oil and gas in this region. For instance, the U.S. is among the biggest global shale oil producers, with daily outputs exceeding 7 million barrels, which calls for advanced eco-friendly technologies such as electric fracturing fleets. This concentration on novelty and environmental preservation solidifies North America’s position at the forefront worldwide.

 

electric fracturing fleets market by application

 

Key players in the Electric Fracturing Fleet Market:

  • Halliburton

  • Schlumberger

  • Baker Hughes

  • Liberty Oilfield Services

  • ProFrac Services

  • NOV Inc.

  • Patterson-UTI Energy, Inc.

  • NexTier Oilfield Solutions

  • BJ Services

  • U.S. Well Services

 

Electric Fracturing Fleet Market Report Coverage

Report Attribute

Details

Forecast Period

2023 – 2030

Market Size Value in 2023

USD 8.3 billion

Revenue Forecast in 2030

USD 15.9 billion

Overall Growth Rate

CAGR of 9.6%

Base Year for Estimation

2022

Historical Data

2017 – 2021

Unit

USD Billion, CAGR (2023 - 2030)

Segmentation

By Type, By Component, By Application, By Power Source, By Region

By Type

Shale Oil Fracturing, Conventional Oil Fracturing

By Component

Electric Motors, Pumps, Transformers, Power Electronics

By Application

Fracturing Vehicle, Instrument Vehicle, Control Vehicle, Other Support Vehicles

By Power Source

Grid-Supplied Electricity, Onsite Renewable Energy (e.g., Solar, Wind), Battery Storage Systems, Hybrid Power Systems

By Region

North America, Europe, Asia-Pacific, LAMEA

Country Scope

US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

 

 

electric fracturing fleets market by region

 

Recent Development in the Electric Fracturing Fleet Market

  • In April 2024, ProPetro Holding Corp. and ExxonMobil signed a three-year contract for ProPetro to supply electric hydraulic fracturing services in the Permian basin. In addition to ExxonMobil's Silvertip wireline and pump-down services, ProPetro will provide and dedicate FORCE electric-powered hydraulic fracturing trucks to offer fracture stimulation pumping services. A third FORCE fleet with wireline and pump-down services is optionally scheduled to start operations in early 2025. The deal calls for deploying two FORCE electric hydraulic fracturing fleets, wireline, and pump-down services on ExxonMobil's Permian operations in the first half of 2024.

 

  • In May 2024, Evolution Well Services, the industry pioneer and premier supplier of electric hydraulic fracturing services, signed a three-year contract with a major operator and current partner in the Permian Basin to deploy an additional electric fleet. The agreement's implementation demonstrates Evolution and its partner's shared dedication to operational excellence, innovation, reduced carbon emissions, and, most importantly, safety. With this arrangement, Evolution will launch its fourteenth operational fleet in the third quarter of 2024. The fleet will consist of 100% electric fracturing equipment from Evolution, field gas conditioning services, and power generation from a DT-35 turbine that Evolution owns.

 

Frequently Asked Question About This Report

Key drivers include the focus of oil and gas industry on reducing carbon footprints, cost efficiency associated with electric fleets, and stringent environmental regulations promoting cleaner technologies.

Prominent players include Halliburton, Schlumberger Limited, Baker Hughes, and U.S. Well Services.

North America leads the market, particularly due to extensive shale oil exploration and production activities.

The shale oil fracturing segment dominated the market with 59.90% of revenue share, driven by extensive shale oil exploration and production activities.

The Electric Fracturing Fleet market was estimated at USD 8.3 billion in 2023 and is anticipated to rise to USD 15.9 billion by 2030, with a CAGR of 9.6% during the forecast period.

.

Table of Contents

1.    EXECUTIVE SUMMARY
1.1. Market Attractiveness
1.2. Understanding the Target Customers
1.3. CXO perspective
1.4. Global Electric Fracturing Fleets Market, Historical Market Size & Future Projections Analysis
1.5. Global Electric Fracturing Fleets Market, By Component
1.6. Global Electric Fracturing Fleets Market, By Power Source
1.7. Global Electric Fracturing Fleets Market, By Application
1.8. Global Electric Fracturing Fleets Market, By Region
2.    MARKET SHARE ANALYSIS
2.1. Top 10 Players with Revenue and Sales Volume
2.2. Market Share, 2022
3.    SALES VOLUME (UNITS), NUMBER OF POWER SOURCE S/NUMBER OF DEPLOYMENTS (UNITS), BY REGION
3.1. North America (United States, Canada)
3.2. Europe (UK, Germany, France, Netherlands, Italy, Spain, Benelux, Rest of Europe)
3.3. Asia Pacific (China, Japan, South Korea, India, Australia, Rest of APAC)
3.4. Latin America
3.5. Middle East and Africa
4.    INVESTMENT OPPORTUNITIES IN THE MARKET
4.1. On Going Market Developments
4.2. Merger & Acquisition Trends
4.3. Key Investment Opportunities
4.4. Most Potential Component Segments from Growth and Investment Perspective
5.    MARKET INTRODUCTION
5.1. Definition
5.2. Scope of the Study
5.3. Market Structure
5.4. Macro Factor Indicator Analysis
5.5. Key findings
5.5.1. Top investment pockets
6.    RESEARCH METHODOLOGY
6.1. Research Process
6.2. Primary Research
6.3. Secondary Research
6.4. Market Size Estimation
6.5. Forecast Model
7.    MARKET DYNAMICS
7.1. Introduction
7.2. Drivers
7.3. Restraints
7.4. Opportunities
7.5. Challenges
7.6. Covid 19 Impact Analysis
8.    GLOBAL ELECTRIC FRACTURING FLEETS MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS)
8.1. Overview
8.2. Global Electric Fracturing FleetsHistorical Market size ($MILLION), Sales Volume, (2017 – 2021)
8.3. Global Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027)
8.4. Global Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Component
8.4.1. Electric Motors
8.4.2. Pumps
8.4.3. Transformers
8.4.4. Power Electronics
8.5. Global Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power Source
8.5.1. Grid-Supplied Electricity
8.5.2. Onsite Renewable Energy (e.g., Solar, Wind)
8.5.3. Hybrid Power Systems
8.5.4. Enforcement
8.5.5. access control
8.5.6. Security & Surveillance
8.6. Global Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application
8.6.1. Fracturing Vehicle
8.6.2. Instrument Vehicle
8.6.3. Control Vehicle
8.6.4. Others
8.7. Global Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography
8.7.1. North America
8.7.2. Asia Pacific
8.7.3. Europe
8.7.4. Latin America
8.7.5. Middle East and Africa
9.    NORTH AMERICA ELECTRIC FRACTURING FLEETS MARKET ANALYSIS
9.1. Overview
9.2. North America Electric Fracturing FleetsHistorical Market size ($MILLION), Sales Volume, (2017 – 2021)
9.3. North America Electric Fracturing Fleets Market size ($MILLION), Sales Volume and Forecasts (2022 – 2027)
9.4. North America Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Component
9.4.1. Electric Motors
9.4.2. Pumps
9.4.1. Transformers
9.4.2. Power Electronics
9.5. North America Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power Source
9.5.1. Grid-Supplied Electricity
9.5.2. Onsite Renewable Energy (e.g., Solar, Wind)
9.5.3. Hybrid Power Systems
9.6. North America Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application
9.6.1. Fracturing Vehicle
9.6.2. Instrument Vehicle
9.6.3. Control Vehicle
9.6.4. Others
9.7. North America Electric Fracturing Fleets Market  size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography
9.7.1. USA
9.7.1.1.    California
9.7.1.2.    Texas
9.7.1.3.    Florida
9.7.1.4.    Pennsylvania
9.7.1.5.    Illinois
9.7.1.6.    North Carolina
9.7.1.7.    Rest of the U.S.
9.7.2. Canada
9.7.3. Rest of North America
10.    EUROPE ELECTRIC FRACTURING FLEETS MARKET ANALYSIS
10.1. Overview
10.2. Europe Electric Fracturing Fleets Historical Market size ($MILLION), Sales Volume, (2017 – 2021)
10.3. Europe Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027)
10.4. Europe Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Component
10.4.1. Electric Motors
10.4.2. Pumps
10.4.1. Transformers
10.4.2. Power Electronics
10.5. Europe Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power Source
10.5.1. Grid-Supplied Electricity
10.5.2. Onsite Renewable Energy (e.g., Solar, Wind)
10.5.3. Hybrid Power Systems
10.6. Europe Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application
10.6.1. Fracturing Vehicle
10.6.2. Instrument Vehicle
10.6.3. Control Vehicle
10.6.4. Others
10.7. Europe Global Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Region
10.7.1. Germany
10.7.2. UK
10.7.3. France
10.7.4. Spain
10.7.5. Italy
10.7.6. Benelux
10.7.7. Rest of Europe
11.    ASIA PACIFIC ELECTRIC FRACTURING FLEETS MARKET ANALYSIS
11.1. Overview
11.2. Asia Pacific Electric Fracturing Fleets Historical Market size ($MILLION), Sales Volume, (2017 – 2021)
11.3. Asia Pacific Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027)
11.4. Asia Pacific Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Component
11.4.1. Electric Motors
11.4.2. Pumps
11.4.1. Transformers
11.4.2. Power Electronics
11.5. Asia Pacific Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power Source
11.5.1. Grid-Supplied Electricity
11.5.2. Onsite Renewable Energy (e.g., Solar, Wind)
11.5.3. Hybrid Power Systems
11.6. Asia Pacific Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application
11.6.1. Fracturing Vehicle
11.6.2. Instrument Vehicle
11.6.3. Control Vehicle
11.6.4. Others
11.7. Asia Pacific Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Region
11.7.1. China
11.7.2. Japan
11.7.3. Korea
11.7.4. India
11.7.5. Australia
11.7.6. Rest of APAC
12.    LATIN AMERICA ELECTRIC FRACTURING FLEETS MARKET ANALYSIS
12.1. Overview
12.2. Latin America Electric Fracturing Fleets Market Historical Market size ($MILLION), Sales Volume, (2017 – 2021)
12.3. Latin America Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027)
12.4. Latin America Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Component
12.4.1. Electric Motors
12.4.2. Pumps
12.4.3. Linear
12.4.1. Transformers
12.4.2. Power Electronics
12.5. Latin America Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Power Source
12.5.1. Grid-Supplied Electricity
12.5.2. Onsite Renewable Energy (e.g., Solar, Wind)
12.5.3. Hybrid Power Systems
12.6. Latin America Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application
12.6.1. Fracturing Vehicle
12.6.2. Instrument Vehicle
12.6.3. Control Vehicle
12.6.4. Others
12.7. Latin America Electric Fracturing Fleets Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Region
12.7.1. Latin America
12.7.2. Middle East
12.7.3. Africa   
13.    COMPANY PROFILES
13.1. HALLIBURTON
13.1.1. Company Overview  
13.1.2. Company Snapshot  
13.1.3. Operating business segments
13.1.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.1.5. Key business performances, strategies and developments
13.2. SCHLUMBERGER
13.2.1. Company Overview  
13.2.2. Company Snapshot  
13.2.3. Operating business segments
13.2.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.2.5. Key business performances, strategies and developments
13.3. Baker Hughes
13.3.1. Company Overview
13.3.2. Company Snapshot
13.3.3. Operating business segments
13.3.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.3.5. Key business performances, strategies and developments
13.4. LIBERTY OILFIELD SERVICES
13.4.1. Company Overview
13.4.2. Company Snapshot
13.4.3. Operating business segments
13.4.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.4.5. Key business performances, strategies and developments
13.5. PROFRAC SERVICES
13.5.1. Company Overview
13.5.2. Company Snapshot
13.5.3. Operating business segments
13.5.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.5.5. Key business performances, strategies and developments
13.6. PATTERSON-UTI ENERGY, INC.
13.6.1. Company Overview
13.6.2. Company Snapshot
13.6.3. Operating business segments
13.6.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.6.5. Key business performances, strategies and developments
13.7. NEXTIER OILFIELD SOLUTIONS
13.7.1. Company Overview
13.7.2. Company Snapshot
13.7.3. Operating business segments
13.7.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.7.5. Key business performances, strategies and developments
13.8. BJ SERVICES
13.8.1. Company Overview
13.8.2. Company Snapshot
13.8.3. Operating business segments
13.8.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.8.5. Key business performances, strategies and developments
13.9. U.S. WELL SERVICES
13.9.1. Company Overview
13.9.2. Company Snapshot
13.9.3. Operating business segments
13.9.4. Component offered and Revenue from Electric Fracturing FleetsBusiness
13.9.5. Key business performances, strategies and developments
13.10. Other Market Players


LIST OF TABLES

1. TABLE: MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
2. TABLE: MARKET FOR PUMPS, BY REGION, 2022-2027 (USD MILLION)
3. TABLE: MARKET FOR ELECTRIC MOTOR, BY REGION, 2022-2027 (USD MILLION)
4. TABLE: MARKET FOR TRANSFORMERS, BY REGION, 2022-2027 (USD MILLION)
5. TABLE: MARKET FOR POWER ELECTRONICS, BY REGION, 2022-2027 (USD MILLION)
6. TABLE: MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
7. TABLE: MARKET FOR GRID-SUPPLIED ELECTRICITY, BY REGION, 2022-2027 (USD MILLION)
8. TABLE: MARKET FOR ONSITE RENEWABLE ENERGY (E.G., SOLAR, WIND), BY REGION, 2022-2027 (USD MILLION)
9. TABLE: MARKET FOR BATTERY STORAGE SYSTEMS, BY REGION, 2022-2027 (USD MILLION)
10. TABLE: MARKET FOR ENFORCEMENT, BY REGION, 2022-2027 (USD MILLION)
11. TABLE: MARKET FOR HYBRID POWER SYSTEMS, BY REGION, 2022-2027 (USD MILLION)
12. TABLE: MARKET FOR OTHERS, BY REGION, 2022-2027 (USD MILLION)
13. TABLE: MARKET, BY APPLICATION, 2022-2027 (USD MILLION)
14. TABLE: MARKET FOR FRACTURING VEHICLE, BY REGION, 2022-2027 (USD MILLION)
15. TABLE: MARKET FOR INSTRUMENT VEHICLE, BY REGION, 2022-2027 (USD MILLION)
16. TABLE: MARKET FOR OTHERS, BY REGION, 2022-2027 (USD MILLION)
17. TABLE: MARKET, BY REGION, 2022-2027 (USD MILLION)
18. TABLE: NORTH AMERICA MARKET, BY REGION, 2022-2027 (USD MILLION)
19. TABLE: NORTH AMERICA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
20. TABLE: NORTH AMERICA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
21. TABLE: NORTH AMERICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)
22. TABLE: USA MARKET BY COMPONENT, 2022-2027 (USD MILLION)
23. TABLE: USA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
24. TABLE: USA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)
25. TABLE: CALIFORNIA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
26. TABLE: CALIFORNIA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
27. TABLE: CALIFORNIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)
28. TABLE: TEXAS MARKET BY COMPONENT, 2022-2027 (USD MILLION)
29. TABLE: TEXAS MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)  
30. TABLE: TEXAS MARKET, BY APPLICATION, 2022-2027 (USD MILLION)
31. TABLE: FLORIDA MARKET BY COMPONENT, 2022-2027 (USD MILLION)
32. TABLE: FLORIDA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)  
33. TABLE: FLORIDA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)
34. TABLE: CANADA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
35. TABLE: CANADA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
36. TABLE: CANADA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)
37. TABLE: MEXICO MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
38. TABLE: MEXICO MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
39. TABLE: MEXICO MARKET, BY APPLICATION, 2022-2027 (USD MILLION)     
40. TABLE: REST OF NORTH AMERICA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
41. TABLE: REST OF NORTH AMERICA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
42. TABLE: REST OF NORTH AMERICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)    
43. TABLE: EUROPE MARKET, BY REGION, 2022-2027 (USD MILLION)
44. TABLE: EUROPE MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
45. TABLE: EUROPE MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
46. TABLE: EUROPE MARKET, BY APPLICATION, 2022-2027 (USD MILLION)       
47. TABLE: GERMANY MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
48. TABLE: GERMANY MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)  
49. TABLE: GERMANY MARKET, BY APPLICATION, 2022-2027 (USD MILLION)     
50. TABLE: FRANCE MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
51. TABLE: FRANCE MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
52. TABLE: FRANCE MARKET, BY APPLICATION, 2022-2027 (USD MILLION)       
53. TABLE: UK MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
54. TABLE: UK MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
55. TABLE: UK MARKET, BY APPLICATION, 2022-2027 (USD MILLION)          
56. TABLE: ITALY MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
57. TABLE: ITALY MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
58. TABLE: ITALY MARKET, BY APPLICATION, 2022-2027 (USD MILLION)      
59. TABLE: SPAIN MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
60. TABLE: SPAIN MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)  
61. TABLE: SPAIN MARKET, BY APPLICATION, 2022-2027 (USD MILLION)       
62. TABLE: REST OF EUROPE MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
63. TABLE: REST OF EUROPE MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
64. TABLE: REST OF EUROPE MARKET, BY APPLICATION, 2022-2027 (USD MILLION)          
65. TABLE: ASIA PACIFIC MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
66. TABLE: ASIA PACIFIC MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
67. TABLE: ASIA PACIFIC MARKET, BY APPLICATION, 2022-2027 (USD MILLION)          
68. TABLE: CHINA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
69. TABLE: CHINA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)   
70. TABLE: CHINA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)          
71. TABLE: INDIA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
72. TABLE: INDIA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
73. TABLE: INDIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)           
74. TABLE: JAPAN MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
75. TABLE: JAPAN MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
76. TABLE: JAPAN MARKET, BY APPLICATION, 2022-2027 (USD MILLION)           
77. TABLE: KOREA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
78. TABLE: KOREA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)   
79. TABLE: KOREA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)           
80. TABLE: AUSTRALIA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
81. TABLE: AUSTRALIA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
82. TABLE: AUSTRALIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)           
83. TABLE: REST OF ASIA PACIFIC MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
84. TABLE: REST OF ASIA PACIFIC MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)
85. TABLE: REST OF ASIA PACIFIC MARKET, BY APPLICATION, 2022-2027 (USD MILLION)           
86. TABLE: LATIN AMERICA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
87. TABLE: LATIN AMERICA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)  
88. TABLE: LATIN AMERICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)           
89. TABLE: MIDDLE EAST AND AFRICA MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
90. TABLE: MIDDLE EAST AND AFRICA MARKET, BY POWER SOURCE , 2022-2027 (USD MILLION)  
91. TABLE: MIDDLE EAST AND AFRICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION)           
92. TABLE: HALLIBURTON COMPANY SNAPSHOT
93. TABLE: HALLIBURTON OPERATING SEGMENTS
94. TABLE:Schlumberger: COMPANY SNAPSHOT
95. TABLE:Schlumberger: OPERATING SEGMENTS
96. TABLE: Baker Hughes: COMPANY SNAPSHOT
97. TABLE: Baker Hughes: OPERATING SEGMENTS
98. TABLE: LIBERTY OILFIELD SERVICES: COMPANY SNAPSHOT
99. TABLE: LIBERTY OILFIELD SERVICES: OPERATING SEGMENTS
100. TABLE: PROFRAC SERVICES: COMPANY SNAPSHOT
101. TABLE: PROFRAC SERVICES: OPERATING SEGMENTS
102. TABLE: PATTERSON-UTI ENERGY, INC.: COMPANY SNAPSHOT
103. TABLE: PATTERSON-UTI ENERGY, INC.: OPERATING SEGMENTS
104. TABLE: NEXTIER OILFIELD SOLUTIONS: COMPANY SNAPSHOT
105. TABLE: NEXTIER OILFIELD SOLUTIONS: OPERATING SEGMENTS
106. TABLE: BJ SERVICES: COMPANY SNAPSHOT
107. TABLE: BJ SERVICES: OPERATING SEGMENTS
108. TABLE: BJ SERVICES: COMPANY SNAPSHOT
109. TABLE: BJ SERVICES: OPERATING SEGMENTS
110. TABLE: ABTECH LTD.: COMPANY SNAPSHOT
111. TABLE: ABTECH LTD.: OPERATING SEGMENTS


LIST OF FIGURES

1. Figure: Market: Research Methodology Steps
2. Figure: Research Design
3. Figure: Breakdown of Primaries: Market
4. Figure: Research Methodology: Hypothesis Building
5. Figure: Market: Component and Service-Based Estimation
6. Figure: Top 10 Companies with Highest No. Of Patent in Last 9 Years
7. Figure: Growth Strategies Adopted By the Key Players
8. Figure: Top 10 Companies with Highest No. Of Patent in Last 9 Years
9. Figure: Growth Strategies Adopted By the Key Players
10. Figure: No. of Patents Granted Per Year, 2022–2027
11. Figure: Data Triangulation Methodology
12. Figure: Dominating Market Share, By Component, 2022 vs. 2027 (USD MILLION)
13. Figure: Dominating Market Share, By Power Source , 2022 vs. 2027 (USD MILLION)
14. Figure: Dominating Market Share, By Deployment Type, 2022 vs. 2027 (USD MILLION)
15. Figure: Dominating Market Share, By APPLICATION, 2022 vs. 2027 (USD MILLION)
16. Figure: Dominating Market Share, By Application, 2022 vs. 2027 (USD MILLION)
17. Figure: Geographical Snapshot of the Market
18. Figure: Electric Motor Sector to Witness Higher CAGR in the Market for Component Segment during the Forecast Period.
19. Figure: North America Accounted for the Largest Share of the Market, By Regional Basis, in 2022
20. Figure: Market: Drivers, Restraints, Opportunities, and Challenges
21. Figure: North America: Market Snapshot
22. Figure: Asia Pacific: Market Snapshot
23. Figure: Europe: Market Snapshot
24. Figure: Latin America: Market Snapshot
25. Figure: Middle East and Africa: Market Snapshot
26. Figure: Vendor Dive: Evaluation Overview
27. Figure: Global Marine Propulsion Systems: Competitive Benchmarking  
28. Figure: Halliburton. Financial Overview (2022-2027)
29. Figure:Schlumberger: Financial Overview (2022-2027)  
30. Figure: Baker Hughes: Financial Overview (2022-2027)  
31. Figure: IHI Power Systems Co: Financial Overview (2022-2027)  
32. Figure: ProFrac Services: Financial Overview (2022-2027)
33. Figure: Patterson-UTI Energy, Inc.: Financial Overview (2022-2027)
34. Figure: NexTier Oilfield Solutions: Financial Overview (2022-2027)
35. Figure: BJ SERVICES: Financial Overview (2022-2027)
36. Figure: BJ Services: Financial Overview (2022-2027)
37. Figure: Abtech Ltd.: Financial Overview (2022-2027)

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