Global Shale Gas Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Shale Gas Market report offers in-depth insights, revenue details, and other vital information regarding the global shale gas market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.
The Shale Gas Market report offers insightful and detailed information regarding the various key players operating in the global shale gas market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global shale gas market report has been segmented on the basis of technology, end-user, and region.
“The Shale Gas Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Shale gas refers to natural gas, trapped within shale rock. Shales are fine-grained sedimentary rocks that are rich sources of petroleum and natural gas. Natural gas produced from shale is often referred to as an unconventional source of energy.
These underground shales are nothing but the type of rocks that are broken up by hydraulic fracturing.
Rising demand for shale gas in several end-use industries such as power generation industries owing to increasing awareness about benefits offered by shale gas such as low carbon emission than other gases which is a key factor driving the growth of the global shale gas market.
In addition, due to its cost-effectiveness, shale gas is replacing conventional energy sources such as coal in several end-use industries, which is another factor expected to support the growth of the global shale gas market over the forecast year.
However, stringent regulations for the production of shale gas are a key factor restraining the growth of the global shale gas market over the forecast period.
The production of shale gas requires a large amount of water, which may affect the availability of water in some regions. Therefore, many European countries are not allowed the production of shale gas.
Furthermore, the mismanagement of recycle process of used water, which is further used in the other industries can be harmful to natural habitats if it gets mixed with clean water resources through exposure pathways or by leaks, or spills. This is another factor that may hamper the growth of the shale gas market.
The market in North America accounted for the highest share in terms of revenue over the forecast period as the US has abundant availability of shale gas coupled with favorable government regulations in the North America region is a major factor expected to drive the growth of the market over the forecast period.
The market in the Asia Pacific is expected to witness the fastest growth in terms of revenue owing to the availability of reservoirs in China.
Global Shale Gas Market Segmentation:
Global shale gas market segmentation, by technology:
- Horizontal Drilling
- Hydraulic Fracturing
Global shale gas market segmentation, by end-user:
- Power Generation
Global shale gas market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Anadarko Petroleum Corporation
- Antero Resources
- Cabot Oil & Gas
- Devon Energy Corporation
- Encana Corporation
- Exxon Mobil Corporation
- Reliance Industries Limited
- Royal Dutch Shell
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