Tight Gas Market Research Report

 

Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology.

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Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natural gas in two ways, one of which is the demand for both electric power and the industrial sector will increase, and the other includes the supply of gas which will unlock an entirely new export sector for North America, promoting the market growth.

Moreover, the prevalence of more than 48 players and production houses in America has strengthened the tight gas market size. Furthermore, government endowment, funds, and favorable policies concerned with gas production in the U.S. have impelled the market growth. The development of modern techniques in the United States will further accelerate market growth. However, the low porousness of these reservoirs slumps their response to all pressures, thus curbing the market growth.

Application Segment Drivers

Based on the application, industrial is projected to expand at a faster CAGR in the market over the forecast period. This is mainly attributed to the swift boost in industries which includes pharmaceuticals and chemicals, and fertilizers. For example, it is used as a raw material to manufacture chemicals, fertilizers, and other commodities. This trend has engendered many opportunities for gas-rich countries to use this resource and extend their industrial output.

Regional Drivers

Based on the regional coverage, North America is predicted to witness a higher CAGR in the market over the forecast period. This is owing to the exploitation of advanced drilling machinery, coupled with the existence of gas reserves across the Niobrara, Permian Basin, Anadarko, and Bakken field. In addition, the prevalence of leading players, including Chevron Corporation, ConocoPhillip, and Exxon Mobil Corporation, has assisted in the market development.

Tight Gas Market’s leading Manufacturers:

·        Southwestern Energy Company

·        Repsol SA

·        PetroChina Company Limited

·        ConocoPhillips

·        Chevron Corporation

·        Sinopec Oilfield Service Corporation

·        Equinor ASA.

·        Exxon Mobil Corporation

·        Royal Dutch Shell PLC

Tight Gas Market Segmentation:

Segmentation by Application

·        Residential

·        Commercial

·        Industrial

·        Power Generation

·        Transportation

Segmentation by End-User

·        Power

·        Others

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)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various 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 helping our clients to stay ahead of the curve.

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