Europe Hydraulic Fracturing Market Size (2024 - 2029)

The hydraulic fracturing market in Europe is experiencing limited growth due to environmental concerns and technological constraints, despite an increasing demand for oil and gas and efforts to reduce import dependence. The controversial nature of hydraulic fracturing has led to bans in several countries, impacting the market's expansion. Russia is anticipated to lead the market due to its economically viable shale reserves, while infrastructure developments, such as the Baltic Sea pipeline, may boost demand for Russian gas, presenting opportunities for the oil and gas sector.

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Market Size of Europe Hydraulic Fracturing Industry

Europe Hydraulic Fracturing Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 0.66 %
Market Concentration High

Major Players

Europe Hydraulic Fracturing Market Key Players

*Disclaimer: Major Players sorted in no particular order

Europe Hydraulic Fracturing Market Analysis

The market for hydraulic fracturing in Europe is expected to grow at a CAGR of more than 0.66% during the forecast period of 2020 - 2025. The increase in demand for oil and gas and the countries trying to reduce their dependence on imports are the factors that have led to some growth in the sector. However, the impact of hydraulic fracturing on the environment and technological constraints have impeded much growth in the industry. Many countries, including the Netherlands and Ireland, have banned the process of hydraulic fracturing, which has also caused concerns in the hydraulic fracturing market.

  • The hydraulic fracturing industry is a controversial topic in the countries of Europe due to its alleged effects on the environment, with the United Kingdom banning the practice in England, in 2019.
  • The pipeline being built through the Baltic Sea is expected to add to the demand for Russian gas. An increase in demand may lead to companies to invest in unconventional resources, which can become an opportunity for companies in the oil and gas industry.
  • Russia is expected to dominate the market over the forecast period owing to the presence of economically feasible shale reserves in the country.

Europe Hydraulic Fracturing Industry Segmentation

The Europe hydraulic fracturing market report include:

Resource Type
Oil
Natural Gas
Geography
Poland
Russia
United Kingdom
Rest of Europe
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Europe Hydraulic Fracturing Market Size Summary

The hydraulic fracturing market in Europe is experiencing a modest growth trajectory, driven by the increasing demand for oil and gas and efforts by countries to reduce import dependence. However, environmental concerns and technological limitations have hindered significant expansion in the sector. The practice has faced bans in several countries, including the Netherlands and Ireland, due to its perceived environmental impact. Despite these challenges, the market sees potential opportunities, particularly in Russia, where economically viable shale reserves exist. The demand for natural gas, a cleaner alternative to oil, is expected to rise, spurring interest in unconventional resources and potentially benefiting the hydraulic fracturing industry.

Russia is poised to play a dominant role in the European hydraulic fracturing market, supported by its substantial shale oil and gas reserves, including the Bazhenov Shale, one of the largest shale plays globally. The development of shale gas in this region is anticipated to commence in the near future, bolstered by investments and agreements with international companies. While the market remains consolidated with key players like Cuadrilla Resources Ltd., PJSC Rosneft Oil Company, and others, the growth prospects are tempered by economic feasibility and environmental concerns, particularly in the United Kingdom. The ongoing construction of pipelines, such as Nord Stream 2, is expected to enhance the demand for Russian gas, further influencing the market dynamics.

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Europe Hydraulic Fracturing Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast, in USD billion, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resource Type

      1. 2.1.1 Oil

      2. 2.1.2 Natural Gas

    2. 2.2 Geography

      1. 2.2.1 Poland

      2. 2.2.2 Russia

      3. 2.2.3 United Kingdom

      4. 2.2.4 Rest of Europe

Europe Hydraulic Fracturing Market Size FAQs

The Europe Hydraulic Fracturing Market is projected to register a CAGR of greater than 0.66% during the forecast period (2024-2029)

Cuadrilla Resources Ltd., PJSC Rosneft Oil Company, PJSC Gazprom, PAO NOVATEK and IGas Energy PLC are the major companies operating in the Europe Hydraulic Fracturing Market.

Europe Hydraulic Fracturing Report Snapshots

Europe Hydraulic Fracturing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)