Energy and Power
November 26, 2019

Shale Gas Market Size, Top Companies, Annual Forecast up to 2022

Shale gas refers to unconventional natural gas, trapped in the shale formation, which is derived by the hydraulic fracturing process. Shale gas has become an increasingly important source of natural gas in the US and its interest as a potential gas shale is expected to increase in the rest of the world.

A new report published by Allied Market Research, Shale Gas Market is expected to reach $214 billion by 2022. The market is expected to grow at a CAGR of 14.4% between 2015 and 2022. The United States has produced almost 90% of shale gas in 2014. The industrial sector is projected to grow at the highest CAGR of 15.3% during the forecast period.

Shale gas is emerging as an ideal energy source, owing to its abundance, low carbon footprint and comparatively low price than conventional energy sources such as natural gas, coal, nuclear and hydro. However, the issue of water scarcity due to the hydraulic fracturing techniques may hamper its production. Moreover, the unstructured regulatory framework in the European countries may dampen its producers to some extent.

North America is expected to remain the highest revenue-generating region during the forecast period, owing to ample availability of technically recoverable shale reserve and favorable government regulations. However, Europe would exhibit the highest CAGR of 59.5%, in terms of volume, due to the presence of shale gas reserves in more than 14 countries and rising demand for natural gas.

Key Findings of Shale Gas Market:

  • The North American shale gas market is expected to maintain its foothold in the market throughout the analysis period registering a CAGR of 12.6%, in terms of revenue.
  • In the Asia-Pacific shale gas market, power generation accounted for the highest consumption of about 37% in 2015, and it is expected to grow at a CAGR of 45.5%.
  • The residential and commercial sector collectively accounted for 34% shale gas market share in 2015.

The global shale gas industry is gaining competitive advantage as the key companies are focusing on acquisition to expand their regional presence in the emerging countries and increasing the exploration and extraction of shale gas market.

Download Sample Report:https://www.alliedmarketresearch.com/request-sample/457

The key companies profiled in this report include Baker Hughes Incorporation, Anadarko Petroleum Corporation, BHP Billiton Limited, Royal Dutch Shell, ConcoPhillips, ExxonMobil & Chesapeake Energy Corporation.