SpendEdge Announces the Launch of a New Procurement Market Research Report on the Hydraulic Fracturing Market
The global hydraulic fracturing market is driven by the greater need to extract unconventional sources of natural gases, such as shale gas, across countries such as the US.
LONDON: The strategic procurement research report on the hydraulic fracturing market is an integral part of SpendEdge’s utilities category portfolio and offers an in-depth assessment of the current supply market, key factors influencing strategic procurement decisions, pricing models, and procurement best practices. It also offers insights into the major supply chain risk management, demand-supply shifts, and key market developments to help sourcing and procurement experts make smart strategic procurement decisions.
The demand for energy is expected to increase by tremendously for the next 15 years globally. This is mainly fueled by rapid urbanization, increase in the manufacturing process, and greater reliance on technology across the globe. In addition, the constantly increasing emphasis on fuel-efficient buildings and rising dependence on electricity and technology has further fueled the demand for energy across the globe. This is driving the emphasis on unconventional sources of energy, which is further fueling the growth of hydraulic fracturing across the globe.
“Purchasing managers need to collaborate with suppliers that can ensure hedging of raw material prices to mitigate the sudden gush of a commodity or raw material prices,” says Tridib Bora, a utilities procurement research specialist at SpendEdge.
Purchasing managers across different industries are not tracking parameters such as idle machine time, maintenance spend on similar machines and its frequency, and proper estimation of usage of equipment. This results in the sub-optimal utilization of the fracking equipment across different sites.
Need more insights on this report?
This procurement report on the hydraulic fracturing category offers insights on:
- Supply markets, growth drivers, and challenges
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a full, comprehensive list, view our report
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