Power & Energy

Global Shale Gas Market

April 5, 2022
ID: SR/PE-20
Format:Pdf
Pages:220

Global Shale Gas Market, By Technology Type (Horizontal Drilling, Hydraulic Fracturing, and Water Use), By Application (Industrial, Power Generation, Residential, Commercial, and Transportation), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Description

Shale Gas Market Overview

The global Shale Gas market was valued at USD 98.3 Billion and is expected to reach USD 139.5 Billion with a CAGR of 8.2% during the forecast period, 2022-2028. The increasing development of new and innovative technologies and growing investments by various leading oil and gas companies in new extraction techniques such as horizontal wells and hydraulic fracturing (fracking) techniques are the key factors driving the growth of the global shale gas market during the forecast period. These new techniques have made gas production less expensive and gave access to vast unconventional gas resources, such as shale gas. The rising energy demand, depleting conventional gas reserves, and shale gas development in North America over the last decade have increased the focus of various other developing and developed countries towards shale gas development across the globe.

What is Shale Gas?

Shale gas is a natural gas found trapped within sedimentary shale rock formations and extracted by injecting sand, chemicals and water at high pressure. Shale gas has become an increasingly major source of natural gas globally. The two major technologies used in extracting these natural resources from high-pressure collectors are horizontal drilling and hydraulic fracturing (fracking). Shale gas is the largest source of natural gas in the United States and is expected to be a potential energy source for the rest of the world. Shale gas emits less carbon content than coal and has reduced greenhouse gas emissions to the environment.

Growth Driver

The increasing popularity of Shale Gas and raising awareness about its benefits as an energy source

Rising energy demand and depleting conventional gas reserves have resulted in a transition towards unconventional natural gas reserves such as shale gas, tight gas, and coal bed methane. An increase in oil consumption, improving supply and distribution infrastructure, and the rising growth in the oil-dependent industries are expected to drive the global shale gas market during the forecast period. Furthermore, increasing technological advancements in shale drilling and improvements in drilling technology of shale gas exploration are further expected to augment market growth in the coming years. The ability to drive production costs down has been a critical factor for the growth of the shale gas industry across the globe. Shale gas production operations generate harmful emissions and require substantial water. This has led to rising environmental concerns and strong opposition from activists, expected to hinder the market growth. In addition, growing technological advancements and the emergence of new fracturing techniques using liquefied propane gas instead of water will increase the demand in the coming years.

The market is expected to witness substantial growth due to significant shale gas reserves across the country. The Discovery of new reserves resulted in the growing production of shale. According to the International Energy Association, the U.S. produced 25.3 trillion cubic feet of dry shale gas in 2019 compared to 22.1 trillion cubic feet in 2018.

Source: U.S. Energy Information Administration

Pre-Covid-19 impact on the global Shale Gas market

The increasing investment in the development and extraction of shale gas among developing countries and increasing awareness about shale gas benefits as an energy source has stimulated the growth of the global Shale Gas market during the pre-COVID era. Furthermore, the easy availability of an abundant source of shale gas and high growth in the supply and distribution infrastructure has also boosted the growth of the global shale gas market.

Covid-19 impact on the global Shale Gas market

The COVID-19 pandemic has significantly hit the global Shale Gas industry market in 2021 across the globe. The pandemic has severely affected every business segment due to various government norms, such as nationwide lockdown and complete shutdown of oil and gas extraction operations across the globe. Furthermore, the complete shutdown of oil and gas fields has slowed down the demand for Shale Gas. The interruption in the supply chain of raw materials and non-availability of the workforce has halted the upcoming projects in developing and developed countries which have significantly impacted the growth of the Shale Gas market.

Post Covid-19 impact on the global Shale Gas market

Reduction in natural gas prices and environmental protection and growing awareness about the benefits of natural gas, technological advancement, and innovations associated with shale gas extraction is expected to drive the growth of the global shale gas market during the forecast period. Furthermore, due to the increasing presence of shale gas reserves, various leading industry players are investing heavily in leading-edge technologies and process innovation in both the upstream and downstream segments, which will further increase the growth of the global shale gas market in the coming years.

Application Segmental Analysis

Based on the Application, the global Shale Gas market is segregated into Industrial, Power Generation, Residential, Commercial, and Transportation. The Power segment is expected to have a significant market share during the forecast period. This growth is attributable to the shifting trend of coal to gas switching in power plants due to its cleaner combustion quality compared to other fossil fuels. In addition, the industrial sector is expected to witness significant growth in the global shale gas market in the coming years. Shale gas has low prices and is increasingly replacing conventional energy sources such as coal, nuclear, hydro among various end-user industries, including chemical, fertilizer, hydrogel production, and others.

Region Segmental Analysis

The Shale Gas market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North American region is expected to dominate the Shale Gas Market and continue this growth rate during the forecast period, 2022-2028. This growth is attributable to the increasing adoption of advanced technologies and shale gas reserves among various countries like the U.S. and Canada. The U.S. has become a net exporter of natural gas compared to the net importer status before increasing shale gas development. Major players in the U.S. are heavily investing in unconventional development as it is a reliable option to minimize carbon footprint. Canada provides long-term prospects for natural gas supply across North America owing to the development of well completion techniques such as multistage hydraulic fracturing and drilling techniques such as long-reach horizontal wellbores. Furthermore, the European and Asia Pacific region is expected to witness significant growth in the global Shale Gas market in the coming years. The expanding size of the oil and gas industry and ongoing investments in shale gas extraction among various countries, such as o, Poland, Russia, China, India, and Australia.

Competitor Analysis

Companies include Baker Hughes Inc., Beach Energy Ltd, Bank Petroleum Inc., Royal Dutch Shell PLC, LNG Energy Ltd., Petro China Company Limited, Chesapeake Energy Corp, Chevron Corporation, Southwestern Energy Company, Exxon Mobil Corporation, Quicksilver Resources Inc., Petrohawk Energy Corp, Marathon Oil Corp, and other prominent players are the key players in the Shale Gas market.

Key Stakeholders

Scope of the Report

Report Attribute	Details
Revenue in 2021	USD 98.3 Billion
The revenue forecast in 2028	USD 139.5 Billion
Growth Rate	8.2%
Historical data	2017 – 2020
Forecast period	2022 – 2028
Segment Covered	By Technology Type, By Application
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Baker Hughes Inc., Beach Energy Ltd, Bnk Petroleum Inc., Royal Dutch Shell PLC, LNG Energy Ltd., Petro China Company Limited, Chesapeake Energy Corp, Chevron Corporation, Southwestern Energy Company, Exxon Mobil Corporation, Quicksilver Resources Inc., Petrohawk Energy Corp, Marathon Oil Corp, and Other prominent players

Market Modelling

By Technology Type

Horizontal Drilling
Hydraulic Fracturing
Water Use

By Application

Industrial
Power Generation
Residential
Commercial
Transportation

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

Request Sample

Frequently Asked Questions (FAQ):

What is Shale Gas?

Shale gas is a natural gas found trapped within sedimentary shale rock formations and extracted by injecting sand, chemicals and water at high pressure.

What is the growth rate of the Shale Gas market?

The global Shale Gas market was valued at USD 98.3 Billion and is expected to reach USD 139.5 Billion with a CAGR of 8.2% during the forecast period, 2022-2028.

What are the driving factors for the global Shale Gas market?

The increasing development of new and innovative technologies and growing investments by various leading oil and gas companies in new extraction techniques such as horizontal wells and hydraulic fracturing (fracking) techniques are the key factors driving the growth of the global shale gas market during the forecast period.

Which region is expected to have the largest share in global Shale Gas?

The North American region is expected to dominate the Shale Gas Market and continue this growth rate, followed by Europe and the Asia Pacific forecast, 2022-2028.

Who are the major players in global Shale Gas?

Companies include Baker Hughes Inc., Beach Energy Ltd, Bnk Petroleum Inc., Royal Dutch Shell PLC, LNG Energy Ltd., Petro China Company Limited, Chesapeake Energy Corp, Chevron Corporation, Southwestern Energy Company, Exxon Mobil Corporation, Quicksilver Resources Inc., Petrohawk Energy Corp, Marathon Oil Corp, and other prominent players are the key players in the Shale Gas market.

Select License

We Accept

Analyst support

After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.

Customer satisfaction

According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.

Inimitable expertise

Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.

Assured quality

We have created a systematic way to determine standards and satisfy your expectations.

Instant delivery

Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.

Privacy policy

We understand the inkling of your privacy, we will never misuse your email address.

Custom research service

We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.

Quality & accuracy

We provide you with the accurate quality of the customized study of an exclusive report according to your research need.

Data visualization

As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.

Information security

We truly respect your privacy and promise to keep your personal and confidential information safe and secure.

Global Shale Gas Market

Shale Gas Market Overview

What is Shale Gas?

Growth Driver

The increasing popularity of Shale Gas and raising awareness about its benefits as an energy source

Pre-Covid-19 impact on the global Shale Gas market

Covid-19 impact on the global Shale Gas market

Post Covid-19 impact on the global Shale Gas market

Application Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Scope of the Report

Market Modelling

Report Content

Frequently Asked Questions (FAQ):

Select License

We Accept

Latest Reports

Why Choose Us

Quick Links

Industries We Serve

Contact Info