Europe Hydraulic Fracturing Market is Expected to Register a 6.10% CAGR Through 2030

Increasing Energy Demand & Energy Security and Technological Advancements in Hydraulic Fracturing are likely to propel the market during the forecast period.

According to TechSci Research report, “Europe Hydraulic Fracturing Market – By Country, Competition, Forecast and Opportunities, 2020-2030F”, Europe Hydraulic Fracturing Market was valued at USD 1.67 Billion in 2024 and is expected to reach USD 2.40 Billion by 2030 with a CAGR of 6.10% during the forecast period.

Europe’s growing energy demand is one of the primary drivers of the hydraulic fracturing market. The continent relies heavily on energy imports, particularly natural gas from Russia, the Middle East, and North Africa. This dependence poses geopolitical risks, especially in times of political instability or conflicts that disrupt supply chains. To enhance energy security, many European nations are exploring domestic energy production, including shale gas extraction through hydraulic fracturing.

The increasing demand for energy across industries, households, and transportation sectors has made energy security a key priority for European policymakers. Hydraulic fracturing provides a viable alternative by unlocking previously inaccessible shale gas reserves. Countries like the United Kingdom and Poland have explored fracking as a means to reduce reliance on imported natural gas.

The shift away from coal and nuclear energy in several European nations has intensified the need for alternative energy sources. Natural gas, often extracted via hydraulic fracturing, is considered a cleaner transitional fuel as countries move toward renewable energy. Although fracking faces environmental opposition, governments seeking energy independence are investing in research and development to make the process safer and more efficient. This push for energy security ensures that hydraulic fracturing remains a key element of Europe’s energy strategy.

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Based on Application, Tight gas is the dominant resource in the European hydraulic fracturing market due to its abundance, economic viability, and the region’s regulatory landscape. Unlike shale gas, which faces strict environmental restrictions in many European countries, tight gas extraction is often more politically and environmentally acceptable.

Europe has significant tight gas reserves, particularly in countries such as Germany, the Netherlands, and Poland. These gas formations are found in low-permeability sandstone reservoirs, requiring hydraulic fracturing to enhance gas flow. Since many of these formations are located in existing gas-producing regions, governments and regulatory bodies are more open to developing them compared to shale gas.

While shale gas exploration has faced bans and moratoriums in countries like France and Germany, tight gas projects often operate under more favorable regulations. Since tight gas is extracted from conventional reservoirs with low permeability, it does not carry the same level of public opposition as shale gas, making it a more viable option for hydraulic fracturing.

Many European countries, including Germany and the Netherlands, have existing natural gas infrastructure that supports tight gas extraction. This reduces development costs and makes tight gas a more economically feasible alternative to importing expensive liquefied natural gas (LNG).

With Europe aiming to reduce dependence on Russian gas imports, tight gas provides a strategic domestic energy source. Countries are investing in hydraulic fracturing for tight gas extraction to enhance energy security and stabilize natural gas supplies.

Based on country, Norway is the fastest-growing country in the European hydraulic fracturing market due to its strong energy sector, technological advancements, and government support for sustainable fracking practices. As one of Europe’s leading oil and gas producers, Norway is actively exploring hydraulic fracturing to enhance the recovery of unconventional resources and optimize production from mature reservoirs.

One of the key drivers of Norway’s growth in this sector is its commitment to energy security and export potential. With the ongoing European energy crisis and the need to reduce dependence on Russian gas, Norway is expanding its natural gas production to supply both domestic and international markets. Hydraulic fracturing is being utilized to maximize extraction efficiency, particularly in offshore fields where Norway has vast reserves.

Additionally, technological innovation has accelerated fracking developments in Norway. The country is a leader in environmentally sustainable extraction techniques, investing in waterless fracturing methods, carbon capture, and advanced well stimulation technologies. These innovations align with Europe’s stringent environmental regulations, making Norway a key player in the transition toward low-impact fracking.

Major companies operating in the Europe Hydraulic Fracturing Market are:

• Schlumberger Limited
• Halliburton Company
• Baker Hughes Company
• Weatherford International plc
• NexTier Completion Solutions, Inc.
• Calfrac Well Services Ltd.
• ProPetro Holding Corp.
• Nabors Industries Ltd. 

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“The European hydraulic fracturing market presents significant opportunities driven by the need for energy security, reduced reliance on Russian gas imports, and advancements in environmentally sustainable fracking technologies. Countries with untapped shale gas reserves, such as the UK and Poland, offer potential for domestic production, attracting investment in shale exploration and drilling innovations. Additionally, the development of waterless fracking and enhanced water recycling solutions aligns with Europe's stringent environmental regulations, opening doors for technology providers. As energy prices rise and governments seek diversified energy sources, the market offers growth potential for companies investing in sustainable and efficient hydraulic fracturing solutions.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Europe Hydraulic Fracturing Market, By Technology (Conventional Fracturing, Unconventional Fracturing), By Application (Tight Gas, Coal Bed Methane), By End-User (Oil & Gas, Energy and Utilities, Industrial), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Europe Hydraulic Fracturing Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions. The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Europe Hydraulic Fracturing Market.

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