Pressure pump market to grow 2.6% to 2021 (MarketsandMarkets)

The North American pressure pumping market was estimated to be USD 26.29 Billion in 2016, and is expected to grow at a CAGR of 2.6% from 2016 to 2021.

According to the “North America Pressure Pumping Market by Type (Hydraulic Fracturing and Cementing), Resource Type (Conventional and Unconventional), Well Type (Horizontal and Vertical), and Country – Global Forecasts to 2021”, increasing shale explorations in the U.S. and Canada and auction of shale gas fields in Mexico in 2017, are the factors driving the market.

Read some highlights from this report here .