Market Research Report
Shale Gas Market with COVID-19 Impact Analysis, By Technology, By Application, and By Region - Size, Share, & Forecast from 2021-2027
|Shale Gas Market with COVID-19 Impact Analysis, By Technology, By Application, and By Region - Size, Share, & Forecast from 2021-2027|
Published: April 1, 2021
AnalystView Market Insights
Content info: 300 Pages
Delivery time: 2-3 business days
The Global Shale Gas Market was valued at USD 70.1 billion by 2020, growing with 9.1% CAGR during the forecast period, 2021-2027.
Shale gas is a low-cost, carbon-friendly alternative to traditional fuels. Shale gas refers to natural gas trapped within shale rocks, fine-grained sedimentary rocks that are rich sources of petroleum and natural gas. In a world of rising energy prices, pressure to reduce harmful emissions, and geopolitical instability, countries across the globe are developing their shale gas production and distribution capabilities. The International Association of Oil & Gas Producers in July 2015, suggested that China, Argentina, Algeria, and the U.S. have 1,115, 802, 707, and 665 trillion cubic feet recoverable shale gas resources. The report also suggested that by 2035, the European Union is expected to import 89% of its natural gas.
The power generation segment accounted a prominent share in the year 2019 and expected to grow at a considerable CAGR over the forecast period owing to a surge in shale gas and oil production globally. The surge in shale gas production will also impact the electricity generation market over the forecast period. An increase in shale gas supply is expected to replace coal in the energy portfolio. Especially for baseload electricity generation, shale gas-fired natural gas combined cycle power plants (NGCC) could substitute the oldest coal-fired power plants.
The U.S. shale gas boom has transformed energy markets within the country and around the world. The ongoing shale gas development will continue to drive activity from OFS companies that support horizontal drilling and hydraulic fracturing activities. Some researches suggest that, China's shale gas reserves at over 1,275 trillion cubic feet. Moreover, the country plans to triple its natural gas use in the coming years so that natural gas will meet 10% of the country's energy needs by 2020. South America will become the destination for companies investing in shale gas outside the United States, followed by the Asia Pacific and Europe. In June 2019, South America has increased global gas flaring increased by over 3% in 2018 to 145 billion cubic meters. Likewise, in 2018, shale oil production increasing by around 29% in the Bakken, 40% in the Permian, and 15% in Eagle Ford.
Moreover, Global strategic players from the India, Netherlands, and United States, and all over the world are seeking to enter the shale gas sector. In February 2020, Saudi Aramco launched the largest shale gas project in the United States to boost domestic gas supply. In April 2019, Jereh Group, one of the top oilfield equipment manufacturers, launched a new electric solution for shale gas development at Yantai, Jereh.
Key features of the study:
This proposed research study on Shale Gas Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Shale Gas Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Shale Gas Market
Impact of COVID-19 on Shale Gas Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Shale Gas Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Shale Gas Market, we have also included competitive landscape and key innovator analysis for the Shale Gas Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Shale Gas Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Shale Gas Market on global as well as regional level.
The Global Shale Gas Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SHALE GAS MARKET KEY PLAYERS
Triangle Petroleum Corp
Talisman Energy Inc.
Southwestern Energy Company
Royal Dutch Shell PLC
Realm Energy International
Quicksilver Resources Inc
Polskie Gornictwo Naftowe I Gazownictwo Sa
Petrohawk Energy Corp
Marathon Oil Corp
LNG Energy Ltd.
Exoma Energy Ltd.
Devon Energy Corp
GLOBAL SHALE GAS MARKET, BY TECHNOLOGY
Exploration & Drilling
GLOBAL SHALE GAS MARKET, BY APPLICATION
GLOBAL SHALE GAS MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures