Shale Gas Market Insights, Trends Sales, Supply, Demand 2020-2027
Shale Gas Insights:
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Major Players in Shale Gas Market:
The leading players in the Shale Gas Market:
- 3legsresources
- Beach Energy Limited
- BNK Petroleum Inc.
- Chesapeake Energy Corporation
- Chevron Corporation
- Baker Hughes Company
- ConocoPhillips
- Devon Energy Corporation
- LNG Limited
- Marathon Oil Corporation
Key Drivers of Shale Gas Market:
Increasing demand for energy, depleting conventional gas reserves, and rising inclination towards unconventional natural gas reserves, including shale gas, are major factors boosting the growth of the shale gas market. Moreover, the significant increase in the number of shale reserves globally and the rising trend of utilizing shale gas as an energy resource in several industries, including residential, power generation, commercial, industrial, transportation, is further supporting the growth of the market.
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Technological advancement in shale drillings, such as the launch 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 surging the growth of the shale gas market. Shale gas has cleaner-burning and produces less carbon content in comparison to coal. Thus, it could be used as a cleaner energy option for power generation and heat. On the other hand, leakage of greenhouse gases during extraction, significant water supply issues, and the pollution caused by the improper processing of natural gas is restraining the market growth in the upcoming years.
Based on the technology, the market is segmented into exploration & drilling and fracturing fluid. The fracturing fluid segment is expected to grow at a higher CAGR during the forecast period due to the growing popularity of fracturing technology driven by its high cost-efficiency and high hydrocarbon recovery technique for extraction. Moreover, the deployment of hydraulic fracturing with horizontal drilling, especially for ultra-hard shale deep underground reserves, and the use of aqueous fluids such as acid, gel, water, and brines as the base fluid in the extraction of shale gas are further accelerating the growth of the market.
Shale Gas Market Segmentation:
The shale gas market has been segmented into the following categories:
Shale Gas Market by Technology:
- Exploration & Drilling
- Fracturing Fluid
Shale Gas Market by Application:
- Power Generation
- Industrial
- Residential
- Commercial
- Transportation
Shale Gas Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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