Shale Gas Market Research Report
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Market
Shale Gas Market Dynamics (including market size, share, trends,
forecast, growth, and industry analysis)
Key Drivers
Some
of the major factors responsible for the growth of the shale gas market
include the strong demand for energy, decreasing conventional gas reserves, and
the significant shift towards unconventional natural gas reserves like shale
gas. The increasing number of shale reserves worldwide and the emerging trend
of using shale gas as an energy resource in several sectors, such as
industrial, power generation, transportation, commercial, residential, is
another factor boosting shale gas growth market share in terms of revenue.
As per the shale
gas growth market report, the rapid technological advancement in shale
drilling, including the implementation of horizontal drilling and hydraulic fracturing
and the rising trend of natural gas production from shale formations in
domestic energy exploration and production, is further supporting the growth of
the market. Shale gas has cleaner-burning and releases less carbon content in
comparison to coal. Thus, it could be utilized as a cleaner energy option for
power generation and heat. On the other hand, the pollution caused by the
improper processing of natural gas, leakage of greenhouse gases during
extraction, and several water supply concerns will hinder the growth of the
market in the upcoming years.
Technology Segment Drivers
Based on the
technology, the market is segmented into exploration & drilling, and
fracturing fluid. The fracturing fluid segment is predicted to grow at a higher
CAGR over the coming years, attributed to the rising popularity of fracturing
technology due to its high hydrocarbon recovery technique for the extraction
and high cost-efficiency. Furthermore, the deployment of hydraulic fracturing
with horizontal drilling for drilling ultra-hard shale deep underground
reserves and the usage of aqueous fluids including water, gel, acid, and
brines, in the form of base fluid for the extraction of shale gas, are some
other factors accelerating the market growth.
Shale Gas Market’s leading Manufacturers:
·
3legsresources
·
Beach Energy Limited
·
BNK Petroleum Inc.
·
Chesapeake Energy Corporation
·
Chevron Corporation
·
Baker Hughes Company
·
ConocoPhillips
·
Devon Energy Corporation
·
LNG Limited
·
Marathon Oil Corporation
Shale Gas Market Segmentation:
Segmentation by Technology:
·
Exploration & Drilling
·
Fracturing Fluid
Segmentation by Application:
·
Power Generation
·
Industrial
·
Residential
·
Commercial
·
Transportation
Segmentation by Region:
·
North America
o United
States of America
o Canada
·
Asia Pacific
o China
o Japan
o India
o Rest
of APAC
·
Europe
o United
Kingdom
o Germany
o France
o Spain
o Rest
of Europe
·
RoW
o Brazil
o South
Africa
o Saudi
Arabia
o UAE
o Rest
of the world (remaining countries of the LAMEA region)
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