Global Shale Gas Market:
The GMI Research’s latest analysis reveals that the global Shale Gas market is slated to register a higher CAGR. The major factors contributing to the market growth include the accelerating demand for energy, decreasing conventional gas reserves, and growing inclination towards unconventional natural gas reserves, such as shale gas, followed by the rise in the number of shale reserves.
Global Shale Gas Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Some of the major factors that are responsible for the market growth of global shale gas include the strong demand for energy, reducing number of conventional gas reserves, along with the shift towards unconventional natural gas reserves, such as shale gas. Additionally, the increasing number of shale reserves followed by the emerging trend of using shale gas as an energy resource in sectors such as industrial, power generation, residential, commercial, and transportation.
Continuous technological advancement in shale drilling, which includes the implementation of horizontal drilling and hydraulic fracturing, is driving the growth of the market in the coming years. The trend of production of natural gas from shale formations in domestic energy exploration and production is further opening new opportunities for market growth.
Shale gas has cleaner-burning and produces less carbon content compared to coal. Thus, it is increasingly used as a cleaner energy option for power generation and heat. As per the shale gas market report, the rising number of water supply issues, leakage of greenhouse gases during extraction, and the pollution caused by the improper processing of natural gas are certain factors that are hampering the market growth.
Global Shale Gas Market’s leading Manufacturers:
- Beach Energy Limited
- BNK Petroleum Inc.
- Chesapeake Energy Corporation
- Chevron Corporation
- Baker Hughes Company
- Devon Energy Corporation
- LNG Limited
- Marathon Oil Corporation
Technology Segment Drivers
Based on the technology, fracturing fluid is expected to witness a faster CAGR during the forecast period. The rising utilization of silicon based coatings syringes, needles, cannulas, and catheters to eliminate subcutaneous tissue irritation is a major factor that is contributing the market growth. In addition to this, the emergence of organic silicon to decrease the possibility of microbial and fungal adhesion and protection against corrosion is boosting the market growth.
Application Segment Drivers
Based on the application, power generation is expected to dominate the market during the forecast period. This is attributed to the rising usage of natural gas in power generation as it has a lower price and emits less amount of carbon emission. Moreover, the strong demand for power across sectors and the rising inclination towards cleaner combustion quality of shale gas compared to other fossil fuels are further driving the growth of the shale gas market share.
Global Shale Gas Market Segmentation:
Segmentation by Technology:
- Exploration & Drilling
- Fracturing Fluid
Segmentation by Application:
- Power Generation
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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