Europe Hydraulic Fracturing Market Size, Share & Trends | 2022-27

 

Market Overview

The hydraulic fracturing market in Europe is predicted to develop at a CAGR of more than 0.66% between 2020 and 2025. The rise in demand for oil and gas, as well as countries’ efforts to lessen their reliance on imports, have contributed to some expansion in the sector. However, the environmental consequences of hydraulic fracturing, as well as technological limits, have limited the industry’s expansion. Many nations, notably the Netherlands and Ireland, have prohibited hydraulic fracturing, raising concerns in the hydraulic fracturing business.

The hydraulic fracturing sector is a contentious topic in European countries due to its purported environmental repercussions, with the United Kingdom prohibiting the method in England in 2019.
The Baltic Sea pipeline project is expected to increase demand for Russian gas. Increased demand may prompt corporations to invest in unconventional resources, creating an opportunity for the oil and gas industry.
Due to the presence of commercially viable shale reserves in the country, Russia is likely to dominate the market over the projection period.

Scope of The Report

The Europe hydraulic fracturing market report include: Read Full Report

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