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Global Tight Gas Market Size, By Application, End-User, By Region, Trend Analysis, Market Competition Scenario & Outlook, 2020-2027

Published: | Blueweave Consulting & Research Private Limited | 169 Pages | Delivery time: 1-2 business days


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Global Tight Gas Market Size, By Application, End-User, By Region, Trend Analysis, Market Competition Scenario & Outlook, 2020-2027
Published: July 1, 2020
Blueweave Consulting & Research Private Limited
Content info: 169 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

Global Tight Gas Market Size, By Application (Residential, Commercial, Industrial, Power Generation, Transportation), End-User (Power, Others), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa), Trend Analysis, Market Competition Scenario & Outlook, 2020-2027.

According to BlueWeave Study, the Global Tight Gas Market is projected to reach USD 20 billion by 2027 from the USD 12 billion in 2019 at the CAGR of 5% during the forecast period 2019-2027.

Tight gas is an eco-friendly and cost-effective source of energy produced through hydraulic fracturing. It is a natural gas with low absorbency, originating in limestone or sandstone. It has less carbon content and releases lesser sulfur, metal compounds, and carbon dioxide while burning.

The proliferating population, increasing crude oil prices and a rising shift toward unconventional natural gases as sources of energy are likely to lead to significant development over the projected period. Ever growing usage of green energy in housing, transportation, commercial, power generation, and industrial sectors will provide the required momentum to its growth trajectory.

Increasing R&D, commercialization, exploration activity along with technological up-gradation for easier extraction are expected to strengthen the supply side of the tight gas market further over the coming six years. However, many enterprises in this field face the barriers in accessing sufficient freshwater as its production process is highly water-intensive and needs the pressure of flowing freshwater.

"Power and Energy Sector dominates as End-UserSegment."

Global Tight Gas Market is divided into Power and other sectors based on end-user. The power generation industry is the dominant end-user in the market. It accounted for over 30% share by volume in 2013, gradually increasing its share year by year.

The associated environmental and economic guidelines combined with appropriate administrative initiatives favor natural gas plants and thereby brighten their market prospects.

"Key Drivers of this market are increasing cost of crude oil and gas and extensive use of natural gas in transportation."

Oil and Gas industry allocates increasing outlay on discovery and exploration activities to extract more oil, increasing cost of gas. Also, the government has issued strict guidelines related to shale gas exploration. In contrast, tight gas production is cost-effective and eco-friendly. All these factors encourage more players in the market.

The robust transport sector has given a substantial boost to the natural gas market, including tight gas, with rising deployment of CNG vehicles, and this trend is likely to continue during the forthcoming period. More than 24 million natural gas vehicles (NGVs) were operational worldwide in 2017. Thus, heavy usage of natural gas has been recorded for various vehicles such as buses, lift trucks, motorcycles, cars, vans, light and heavy-duty trucks, and locomotives. Also, Tight gas is being increasingly used as energy fuel in transit by residential and commercial sectors.

"North America is expected to register the highest growth rate in the market during the projection period."

North America has been dominating the Global Tight Gas market and is expected to observe the highest growth rate during the forecast years 2021-2025. In addition, surge in demand for power due to increase in population and economic activities of developing nations like India and China has made Asia Pacific another critical emerging market.

Global Tight Gas Market: Competitive Landscape

Occidental Petroleum Corporation; BP plc.; Canadian Natural; Chevron Corporation; Total; Exxon Mobil Corporation; Petro China Company Limited; Royal Dutch Shell; China Petrochemical Corporation; YPF; Marathon Oil Company; Ensign Natural Resources; Devon Energy Corporation; EOG Resources, Inc. are the prominent players in this market. They are spread across the different part of the world with their strong presence in the respective region.

The in-depth analysis in the report provides insights about growth potential, upcoming trends, and statistics of the Global Tight Gas Market size & outlook. The report promises to provide information about know-hows and processes followed in the industry. It also examines the market drivers, challenges and competitive scenario. The critical industry insights help businesses make sound strategic decisions.

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Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Sources
  • 2.2. Quantitative Research
    • 2.2.1. Primary & Secondary Sources
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary research respondent, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Global Tight Gas market Industry Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraint
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Landscape/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Company Market Share Analysis, 2019
  • 4.6. Porter's Five Forces Analysis
    • 4.6.1. Bargaining Power of Suppliers
    • 4.6.2. Bargaining Power of Buyers
    • 4.6.3. Threat of New Entrants
    • 4.6.4. Threat of Substitutes
    • 4.6.5. Intensity of Rivalry
  • 4.7. Impact of COVID 19

5. Global Tight Gas market Overview

  • 5.1. Market Size & Forecast by Value, 2016-2026
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Application
      • Industrial
      • Commercial
      • Residential
    • 5.2.2. By End User
      • Power
      • Others
    • 5.2.3. By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

6. North America Tight Gas Market

  • 6.1. Market Size & Forecast by Value, 2016-2026
    • 6.1.1. By Value (USD Million)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Application
    • 6.2.2. By End User
    • 6.2.3. By Country
      • United States
      • Canada

7. Europe Tight Gas market

  • 7.1. Market Size & Forecast by Value, 2016-2026
    • 7.1.1. By Value (USD Million)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Application
    • 7.2.2. By End User
    • 7.2.3. By Country
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Rest of Europe

8. Asia Pacific Tight Gas Market

  • 8.1. Market Size & Forecast by Value, 2016-2026
    • 8.1.1. By Value (USD Million)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Application
    • 8.2.2. By End User
    • 8.2.3. By Country
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific

9. Latin America Tight Gas Market

  • 9.1. Market Size & Forecast by Value, 2016-2026
    • 9.1.1. By Value (USD Million)
  • 9.2. Market Share & Forecast
      • By Application
      • By End User
      • By Country
      • Brazil
      • Mexico
      • Rest of Latin America

10. Middle East & Africa Tight Gas Market

  • 10.1. Market Size & Forecast by Value, 2016-2026
    • 10.1.1. By Value (USD Million)
  • 10.2. Market Share & Forecast
      • By Application
      • By End User
      • By Country
      • Saudi Arabia
      • UAE
      • South Africa
      • Rest of Middle East & Africa

11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

  • 11.1. Occidental Petroleum Corporation
  • 11.2. BP p.l.c.
  • 11.3. Canadian Natural
  • 11.4. Chevron Corporation
  • 11.5. Total SA
  • 11.6. Exxon Mobil Corporation
  • 11.7. PetroChina Company Limited
  • 11.8. Royal Dutch Shell
  • 11.9. China Petrochemical Corporation;
  • 11.10. YPF
  • 11.11. Marathon Oil Company
  • 11.12. Ensign Natural Resources
  • 11.13. Devon Energy Corporation
  • 11.14. EOG Resources, Inc.
  • 11.15. Other Prominent Players