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PUBLISHER: IMARC | PRODUCT CODE: 1225504

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PUBLISHER: IMARC | PRODUCT CODE: 1225504

Unconventional Gas Market by Type (Shale Gas, Tight Gas, Coal Bed Methane (CBM), and Others), Application (Industrial, Power Generation, Residential, Commercial, Transportation), and Region 2023-2028

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The global unconventional gas market size reached US$ 190.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 292.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028. The escalating demand for higher power generation to cater to the global energy demand, rapid depletion of fossil fuels, and continual technological advancements in various drilling techniques represent some of the key factors driving the market.

Unconventional gas is a clean energy source, which is obtained from shale rock, coal seams, and low-permeability rocks with significant amounts of permeability and porosity when compared to conventional reservoir gas. The composition of unconventional gas can include natural gas liquids, carbon dioxide at a low or high concentration, as well as sulfur at a high or low concentration. By drilling horizontal directional wells, hydrocarbons can be extracted using high pressure water, sand, and chemicals to fracture rock and release them. Alternatively, unconventional gas can be obtained by hydraulic fracturing, during which highly pressurized liquid is pumped into the rock to crack it. Typically, horizontal drilling and hydraulic fracturing are often employed to extract unconventional gas. As a result of their clean burning characteristics, these gases are used for power generation, in the home sector as an energy source, and in the commercial sector for water heating, space heating, and cooling.

Unconventional Gas Market Trends:

  • The escalating demand for higher power generation to cater to the augmenting energy demand across the globe is a significant factor driving the growth of the market. This can be attributed to the rapid depletion of fossil fuels, along with their increasing price. In line with this, a considerable rise in oil and gas exploration activities is providing an impetus to the market. Moreover, the rising use of unconventional gases in numerous end-use sectors due to an enhanced focus on sustainable development is creating lucrative growth opportunities in the market. In addition to this, continual technological advancements in various drilling techniques are also acting as a significant growth-inducing factor for the market. Also, the increasing discovery of new natural gas reserves across the globe is impacting the market positively. The market is further propelled by the growing number of collaborations, mergers and acquisitions (M&As), and partnerships among key players in numerous unconventional gas exploration projects. Besides this, favorable initiatives undertaken by government bodies of several countries to promote the usage of unconventional gas as a substitute for fossil fuels is creating a positive market outlook. Some of the other factors contributing to the market growth include the rising environmental concerns, fierce competition between unconventional gas manufacturers, increasing awareness regarding the benefits of clean energy, and extensive research and development (R&D) activities.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each segment of the global unconventional gas market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type and application.
  • Type Insights
  • Shale Gas
  • Tight Gas
  • Coal Bed Methane (CBM)
  • Others
  • The report has provided a detailed breakup and analysis of the unconventional gas market based on the type. This includes shale gas, tight gas, coal bed methane (CBM), and others. According to the report, shale gas represented the largest segment.
  • Application Insights
  • Industrial
  • Power Generation
  • Residential
  • Commercial
  • Transportation
  • A detailed breakup and analysis of the unconventional gas market based on the application has also been provided in the report. This includes industrial, power generation, residential, commercial, and transportation. According to the report, power generation accounted for the largest market share.
  • Regional Insights
  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
  • The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for unconventional gas. Some of the factors driving the North America unconventional gas market include the presence of a large number of key players, the rising oil and gas exploration activities, the emerging trend of using clean energy resources in numerous end-use sectors, etc.

Competitive Landscape:

  • The report has also provided a comprehensive analysis of the competitive landscape in the global unconventional gas market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Chevron Corporation, Emerson Electric Co., Equinor ASA, ExxonMobil Corporation, Oil and Natural Gas Corporation Limited, Schlumberger Limited, Shell plc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

  • How has the global unconventional gas market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global unconventional gas market?
  • What are the key regional markets?
  • Which countries represent the most attractive unconventional gas markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the competitive structure of the global unconventional gas market?
  • Who are the key players/companies in the global unconventional gas market?
Product Code: SR1423A345_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Unconventional Gas Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Shale Gas
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Tight Gas
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Coal Bed Methane (CBM)
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Industrial
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Power Generation
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Residential
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Commercial
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Transportation
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Region

  • 8.1 North America
    • 8.1.1 United States
      • 8.1.1.1 Market Trends
      • 8.1.1.2 Market Forecast
    • 8.1.2 Canada
      • 8.1.2.1 Market Trends
      • 8.1.2.2 Market Forecast
  • 8.2 Asia-Pacific
    • 8.2.1 China
      • 8.2.1.1 Market Trends
      • 8.2.1.2 Market Forecast
    • 8.2.2 Japan
      • 8.2.2.1 Market Trends
      • 8.2.2.2 Market Forecast
    • 8.2.3 India
      • 8.2.3.1 Market Trends
      • 8.2.3.2 Market Forecast
    • 8.2.4 South Korea
      • 8.2.4.1 Market Trends
      • 8.2.4.2 Market Forecast
    • 8.2.5 Australia
      • 8.2.5.1 Market Trends
      • 8.2.5.2 Market Forecast
    • 8.2.6 Indonesia
      • 8.2.6.1 Market Trends
      • 8.2.6.2 Market Forecast
    • 8.2.7 Others
      • 8.2.7.1 Market Trends
      • 8.2.7.2 Market Forecast
  • 8.3 Europe
    • 8.3.1 Germany
      • 8.3.1.1 Market Trends
      • 8.3.1.2 Market Forecast
    • 8.3.2 France
      • 8.3.2.1 Market Trends
      • 8.3.2.2 Market Forecast
    • 8.3.3 United Kingdom
      • 8.3.3.1 Market Trends
      • 8.3.3.2 Market Forecast
    • 8.3.4 Italy
      • 8.3.4.1 Market Trends
      • 8.3.4.2 Market Forecast
    • 8.3.5 Spain
      • 8.3.5.1 Market Trends
      • 8.3.5.2 Market Forecast
    • 8.3.6 Russia
      • 8.3.6.1 Market Trends
      • 8.3.6.2 Market Forecast
    • 8.3.7 Others
      • 8.3.7.1 Market Trends
      • 8.3.7.2 Market Forecast
  • 8.4 Latin America
    • 8.4.1 Brazil
      • 8.4.1.1 Market Trends
      • 8.4.1.2 Market Forecast
    • 8.4.2 Mexico
      • 8.4.2.1 Market Trends
      • 8.4.2.2 Market Forecast
    • 8.4.3 Others
      • 8.4.3.1 Market Trends
      • 8.4.3.2 Market Forecast
  • 8.5 Middle East and Africa
    • 8.5.1 Market Trends
    • 8.5.2 Market Breakup by Country
    • 8.5.3 Market Forecast

9 Drivers, Restraints, and Opportunities

  • 9.1 Overview
  • 9.2 Drivers
  • 9.3 Restraints
  • 9.4 Opportunities

10 Value Chain Analysis

11 Porters Five Forces Analysis

  • 11.1 Overview
  • 11.2 Bargaining Power of Buyers
  • 11.3 Bargaining Power of Suppliers
  • 11.4 Degree of Competition
  • 11.5 Threat of New Entrants
  • 11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

  • 13.1 Market Structure
  • 13.2 Key Players
  • 13.3 Profiles of Key Players
    • 13.3.1 Chevron Corporation
      • 13.3.1.1 Company Overview
      • 13.3.1.2 Product Portfolio
      • 13.3.1.3 Financials
      • 13.3.1.4 SWOT Analysis
    • 13.3.2 Emerson Electric Co.
      • 13.3.2.1 Company Overview
      • 13.3.2.2 Product Portfolio
      • 13.3.2.3 Financials
      • 13.3.2.4 SWOT Analysis
    • 13.3.3 Equinor ASA
      • 13.3.3.1 Company Overview
      • 13.3.3.2 Product Portfolio
      • 13.3.3.3 Financials
      • 13.3.3.4 SWOT Analysis
    • 13.3.4 ExxonMobil Corporation
      • 13.3.4.1 Company Overview
      • 13.3.4.2 Product Portfolio
      • 13.3.4.3 Financials
      • 13.3.4.4 SWOT Analysis
    • 13.3.5 Oil and Natural Gas Corporation Limited
      • 13.3.5.1 Company Overview
      • 13.3.5.2 Product Portfolio
      • 13.3.5.3 Financials
      • 13.3.5.4 SWOT Analysis
    • 13.3.6 Schlumberger Limited
      • 13.3.6.1 Company Overview
      • 13.3.6.2 Product Portfolio
      • 13.3.6.3 Financials
      • 13.3.6.4 SWOT Analysis
    • 13.3.7 Shell plc
      • 13.3.7.1 Company Overview
      • 13.3.7.2 Product Portfolio
      • 13.3.7.3 Financials

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Product Code: SR1423A345_Report

List of Figures

  • Figure 1: Global: Unconventional Gas Market: Major Drivers and Challenges
  • Figure 2: Global: Unconventional Gas Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Unconventional Gas Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Unconventional Gas Market: Breakup by Type (in %), 2022
  • Figure 5: Global: Unconventional Gas Market: Breakup by Application (in %), 2022
  • Figure 6: Global: Unconventional Gas Market: Breakup by Region (in %), 2022
  • Figure 7: Global: Unconventional Gas (Shale Gas) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 8: Global: Unconventional Gas (Shale Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 9: Global: Unconventional Gas (Tight Gas) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 10: Global: Unconventional Gas (Tight Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 11: Global: Unconventional Gas (Coal Bed Methane (CBM)) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Unconventional Gas (Coal Bed Methane (CBM)) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Unconventional Gas (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Unconventional Gas (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Unconventional Gas (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Unconventional Gas (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Unconventional Gas (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Unconventional Gas (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Unconventional Gas (Residential) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Unconventional Gas (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: Global: Unconventional Gas (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: Global: Unconventional Gas (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: Global: Unconventional Gas (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: Global: Unconventional Gas (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: North America: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: North America: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: United States: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: United States: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: Canada: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: Canada: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Asia-Pacific: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Asia-Pacific: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: China: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: China: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: Japan: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: Japan: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: India: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: India: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: South Korea: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: South Korea: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: Australia: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: Australia: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Indonesia: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Indonesia: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 45: Others: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 46: Others: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 47: Europe: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 48: Europe: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 49: Germany: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 50: Germany: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 51: France: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 52: France: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 53: United Kingdom: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 54: United Kingdom: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 55: Italy: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 56: Italy: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 57: Spain: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 58: Spain: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 59: Russia: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 60: Russia: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 61: Others: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 62: Others: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 63: Latin America: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 64: Latin America: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 65: Brazil: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 66: Brazil: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 67: Mexico: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 68: Mexico: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 69: Others: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 70: Others: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 71: Middle East and Africa: Unconventional Gas Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 72: Middle East and Africa: Unconventional Gas Market: Breakup by Country (in %), 2022
  • Figure 73: Middle East and Africa: Unconventional Gas Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Global: Unconventional Gas Industry: Drivers, Restraints, and Opportunities
  • Figure 75: Global: Unconventional Gas Industry: Value Chain Analysis
  • Figure 76: Global: Unconventional Gas Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Unconventional Gas Market: Key Industry Highlights, 2022 & 2028
  • Table 2: Global: Unconventional Gas Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Unconventional Gas Market Forecast: Breakup by Application (in Million US$), 2023-2028
  • Table 4: Global: Unconventional Gas Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 5: Global: Unconventional Gas Market: Competitive Structure
  • Table 6: Global: Unconventional Gas Market: Key Players
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