Shale Gas Market

Shale Gas Market Overview

Shale gas is a form of natural gas that is found underground in shale rock. Shale is a compressed fine-grained type of sedimentary rock formed from mud silt, clay, and organic matter. Shale gas is trapped within tiny pore spaces in shale formations. It mainly consists of methane with other hydrocarbons such as ethane, propane, and butane, together with carbon dioxide, nitrogen, and hydrogen sulphide.

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Major Shale Gas Market Drivers

Rising demand for energy, depleting conventional gas reserves, and increasing inclination towards unconventional natural gas reserves, including shale gas, are the major factors driving the growth of the shale gas market. In addition to this, the significant rise in the number of shale reserves all over the globe and increasing trend of utilizing shale gas as an energy resource in various industries including power generation, industrial, residential, commercial, transportation is propelling the growth of the market.

Technological advancement in shale drilling, such as the introduction of horizontal drilling and hydraulic fracturing and the emerging trend of natural gas production from shale formations in domestic energy exploration and production, is further supplementing the growth of the shale gas market. Shale gas has cleaner-burning and emits less carbon content as compared to coal. Therefore, it could be used as a cleaner energy option for power generation and heat. However, significant water supply issues, leakage of greenhouse gases during extraction, and the pollution caused by the improper processing of natural gas are the factors expected to hamper the market during the forecast period.

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Based on the technology, the market is segmented into exploration & drilling and fracturing fluid. The fracturing fluid segment is anticipated to witness a higher CAGR during the forecast period. This is attributed to the increasing popularity of fracturing technology owing to its high cost-efficiency and high hydrocarbon recovery technique for extraction. Additionally, the deployment of hydraulic fracturing with horizontal drilling for drilling ultra-hard shale deep underground reserves and the use of aqueous fluids such as gel, acid, water, and brines as the base fluid in the extraction of shale gas are further augmenting the growth of the market.

Based on the application, the market is segmented into power generation, industrial, residential, commercial, transportation. The power generation segment is expected to dominate the shale gas market owing to the increasing use of natural gas in power generation, along with the low price and low carbon emission of shale gas. The increasing demand for power across industry verticals and growing inclination towards cleaner combustion quality of shale gas as compared to other fossil fuels are further escalating the market growth over the forecast period.

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Regional – Segment Analysis

Based on the region, North America is projected to lead the global shale gas market, primarily due to the abundance of technically recoverable shale reserves, coupled with the active commercial production of shale in the region. Additionally, rapid economic development, growing awareness about using less emission natural gas in power generation, the increasing number of power plants, and the high demand for power from residential and industrial sectors are expected to propel the demand of shale gas in the region. On the other hand, the Asia-Pacific region is anticipated to witness a higher CAGR during the forecast period owing to the increasing exploration activities for new shale gas resources executed by oil and gas companies in the region and the development of power plants in the region. Moreover, the rise in per capita disposable income, along with the increasing demand for power among residential, commercial, industrial, transportation, are further propelling the demand of shale gas in the region. Furthermore, the growing number of industries in developing countries including China, Japan, India, and South Korea, are stimulating the growth of the market in the region.

Top Market Players

Various notable players operating in the global Shale Gas market include 3legsresources, Beach Energy Limited, BNK Petroleum Inc., Chesapeake Energy Corporation, Chevron Corporation, Baker Hughes Company, ConocoPhillips, Devon Energy Corporation, LNG Limited, and Marathon Oil Corporation, among other.

 Key Developments: 

• • In 2020, Chevron Corporation acquired Noble Energy, Inc., an oil and natural gas exploration and production company. The acquisition of Noble Energy, Inc. will provide low-cost, proved reserves and attractive undeveloped oil and natural gas resources to Chevron Corporation. Additionally, it will strengthen Chevron’s position in the Eastern Mediterranean region and the U.S.
  • In 2018, Junex Inc. partnered with Cuda Energy Inc., an Alberta based exploration and development company, under the new name Cuda Oil and Gas Inc. This partnership will help Junex Inc. is strengthening its position in the U.S. and Canada, along with the exposure to the Cuda Energy Inc.’s Utica shale gas development in Ohio and West Virginia

Segments covered in the Report:

The global Shale Gas market has been segmented on the basis of technology, application, and region. Based on the technology, the market is segmented into exploration & drilling and fracturing fluid. Based on application, the market is segmented into power generation, industrial, residential, commercial, transportation.

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Key questions answered in this research report:

• • At what pace is global Shale Gas market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Shale Gas market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Shale Gas market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various applications of global Shale Gas market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Application, and  By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	3legsresources, Beach Energy Limited, BNK Petroleum Inc., Chesapeake Energy Corporation, Chevron Corporation, Baker Hughes Company, ConocoPhillips, Devon Energy Corporation, LNG Limited, and  Marathon Oil Corporation among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Shale Gas Market by Technology

• • Exploration & Drilling
  • Fracturing Fluid

Global Shale Gas Market by Application

• • Power Generation
  • Industrial
  • Residential
  • Commercial
  • Transportation

Global Shale Gas Market by Region

• • North America Shale Gas Market (Option 1: As a part of the free 25% customization)

    • North America Shale Gas Market by Technology
    • North America Shale Gas Market by Application
    • US Shale Gas Market All-Up
    • Canada Shale Gas Market All-Up

  • Europe Shale Gas Market (Option 2: As a part of the free 25% customization)

    • Europe Shale Gas Market by Technology
    • Europe Shale Gas Market by Application
    • UK Shale Gas Market All-Up
    • Germany Shale Gas Market All-Up
    • France Shale Gas Market All-Up
    • Spain Shale Gas Market All-Up
    • Rest of Europe Shale Gas Market All-Up

  • Asia-Pacific Shale Gas Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Shale Gas Market by Technology
    • Asia-Pacific Shale Gas Market by Application
    • China Shale Gas Market All-Up
    • India Shale Gas Market All-Up
    • Japan Shale Gas Market All-Up
    • Rest of APAC Shale Gas Market All-Up

  • RoW Shale Gas Market (Option 4: As a part of the free 25% customization)

    • RoW Shale Gas Market by Technology
    • RoW Shale Gas Market by Application
    • Brazil Shale Gas Market All-Up
    • South Africa Shale Gas Market All-Up
    • Saudi Arabia Shale Gas Market All-Up
    • UAE Shale Gas Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Shale Gas Market All-Up

Global Shale Gas Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3legsresources
  • Beach Energy Limited 
  • BNK Petroleum Inc.
  • Chesapeake Energy Corporation
  • Chevron Corporation
  • Baker Hughes Company
  • ConocoPhillips
  • Devon Energy Corporation
  • LNG Limited
  • Marathon Oil Corporation