Global Shale Gas Market : Industry Analysis and Forecast (2019-2026)
Global Shale Gas Market was valued US$ 60.02 Bn in 2019 and is expected to reach US$ 100.01 Bn by 2026, at a CAGR of 6.59 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Shale gas is natural gas trapped within the shale formation, and is derived from underground shale deposits that are broken up by hydraulic fracturing. Shale gas emits less carbon content compared to coal; therefore, it could be used as a cleaner energy option for many countries that are presently depending on coal and crude oil, as an energy source.
The report analyses factors like drivers, restrains and challenges, which affecting market from demand and supply side and further evaluates market dynamics during the forecast period.
The increasing popularity of shale gas coupled with the growing awareness regarding the benefits of shale gas as an energy resource are driving the growth in the global shale gas market. The increasing economic activity around the world has increased the emission of carbon dioxide. Many countries are focusing to decarbonize this emission by shifting to conventional energy into renewable energy is expected to booming the global shale gas market.
Freshwater availability is a key challenge in the global shale gas market. Limited availability of freshwater is becoming stumbling block for rapid development of shale resources through hydraulic fracturing.
Hydraulic fracturing is a well stimulus process, which uses water and chemicals to open the pores of rock formation. This creates a path for crude oil and natural gas to flow into the well manner. Hydraulic fracturing has been widely used as it rises the productivity of wells. It cracks rocks using a pressurized liquid. A large amount of freshwater is required to carry out hydraulic fracturing. Shale gas formations require fracking of the sandy rock to release natural gas.
Power generation sector is projected to lead the global shale gas market during the forecast period. Low carbon footprint of shale gas compared to coal-fired is expected to increase the demand for shale gas. Furthermore, Industrial sector is expected to grow at high rate of CAGR during the forecast period. This growth can be attributed to its low price. Shale gas is replacing conventional energy sources like coal, nuclear, hydro in many industries like chemical, fertilizer, hydrogel production and others.
The report provides a detailed overview of the global shale gas market including regional analysis information. Geographically, North America is estimated to dominate the growth in the global shale gas market. The growth can be attributed to abundance of technically recoverable shale reserves coupled with favourable government regulation for producers supplements the shale gas production in United States.
Asia-Pacific is expected to hold significant growth in the global shale gas market owing to substantial number of reserves which are available in countries such as China, Algeria and Indonesia.
The report provides details information and strategies of the some of the key players in the global shale gas market. Major Key players includes in the global shale gas market such as Reliance Industries Limited ,SM Energy ,Talisman Energy Inc. ,BHP Billiton Limited ,Royal Dutch Shell,Conco Phillips, ExxonMobil & Chesapeake Energy Corporation, Baker Hughes Incorporation, Anadarko Petroleum Corporation, Antero Resources, Cabot Oil & Gas, Devon Energy, Encana Corporation, Chesapeake Energy Corporation, Baker Hughes Incorporation, PetroChina, Statoil, Dart Energy, Maran Gas Maritime Inc., FTS International, Inc., United Oilfield Services Inc., CONSOL Energy, Schlumberger Limited. ,BNK Petroleum Inc. ,Triangle Petroleum Corp ,Southwestern Energy Compan ,Realm Energy International ,Quicksilver Resources Inc. ,Petrohawk Energy Corp ,Mitsubishi Corp ,Marathon Oil Corp ,Lng Energy Ltd ,Junex ,Exoma Energy Ltd. And Crosstex Energy
The report gives the clear representation of current market scenario of global shale gas market, which includes projected market size in terms of value and volume, pestle analysis, porter’s analysis factors in the market.
Scope of the Global Shale Gas Market
Global Shale Gas Market, By Technology
• Hydraulic Fracturing
• Horizontal Drilling
• Water Use
Global Shale Gas Market, By End User
• Power generation
Global Shale Gas Market, By Geography
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players in Global Shale Gas Market
• Reliance Industries Limited
• SM Energy
• Talisman Energy Inc.
• BHP Billiton Limited
• Royal Dutch Shell
• Conco Phillips
• ExxonMobil & Chesapeake Energy Corporation
• Baker Hughes Incorporation
• Anadarko Petroleum Corporation
• Antero Resources
• Cabot Oil & Gas
• Devon Energy
• Encana Corporation
• Chesapeake Energy Corporation
• Baker Hughes Incorporation
• Dart Energy
• Maran Gas Maritime Inc.
• FTS International, Inc.
• United Oilfield Services Inc.
• CONSOL Energy
• Schlumberger Limited.
• BNK Petroleum Inc.
• Triangle Petroleum Corp
• Southwestern Energy Compan
• Realm Energy International
• Quicksilver Resources Inc.
• Petrohawk Energy Corp
• Mitsubishi Corp
• Marathon Oil Corp
• Lng Energy Ltd.
• Exoma Energy Ltd.
• Crosstex Energy
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