Market Research Reports

Home Press Releases Shale Gas Market is expected to Reach 17,201.6 Bcf Globally by 2019

Shale Gas Market is expected to Reach 17,201.6 Bcf Globally by 2019



 
Posted on Jun 27, 2014
Transparency Market Research published a new report titled as “Shale Gas Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019," which stated that the global shale gas production was 10,138.2 Bcf in 2012 and is expected to reach 17,201.6 Bcf by 2019, growing at a CAGR of 7.9% from 2013 to 2019. 


Shale gas is a type of unconventional gas that is trapped within organic-rich shale formations. It is extracted through a combination of hydraulic fracturing and horizontal drilling techniques that allows a large volume of shale gas to be produced. The global demand for shale gas is constantly increasing due to the rising depleting energy reserves all over the world. The world’s focus is now on unconventional sources of energy that are cost-effective and more on the natural side. Shale gas is the best illustration in this revolution. 

The wide economical production of shale gas has bolstered immense growth in the natural gas industry in the U.S. Currently, the U.S. dominates the shale gas market in terms of production, as well as revenue, but contamination of surface water and cost of production are expected to hinder the growth in this market in the near future. Shale gas in the U.S. accounts for 36 percent of total natural gas production in the country. 

The market study in this report focuses on estimates and forecasts of the global shale gas market in terms of volume (Bcf) and revenue (USD billion) from 2013 to 2019. The report analyzes value chain components at each stage and discusses the major driving and restraining factors for the shale gas market and emerging opportunities in the near future.

The shale gas market in the U.S. is segmented into five sectors based on end-user: Power Generation Sector, Industrial Sector, Residential Sector, Commercial Sector, and Transportation Sector. The progressive growth of shale gas in North America has motivated other countries such as China to invest in this industry. Also, abundant availability of technically recoverable reserves and rapid development of shale gas seen in North America is turning out to be extremely advantageous for petrochemical producers in the country. This aspect helps them to bring down their raw material and energy costs reducing reliance on natural resources.

Similar to conventional natural gas usage, shale gas is also used in various applications such as industrial, power generation, commercial, residential, and transportation. Such a pressing demand for shale gas from all the above applications and places in the world drives the production of shale to achieve higher growth in the global market. Another significant factor that primarily drives the growth of shale gas is the focus on decreasing the dependability on conventional gas sources. Over the years, there have been high investments made by Asian companies and collaborations with foreign players in the field of shale that have propelled high growth in this market. 

Browse the full Global Shale Gas Market report at http://www.transparencymarketresearch.com/shale-gas.html

Under this market segment, the unconventional gas accounted for 44% of the total technically recoverable gas until 2012, whereas shale gas represented two-third of the unconventional sources. Nevertheless, there is still a large chunk of the world’s technically recoverable unconventional gas zone remaining to be discovered in places like the U.S. and China. While, the two major countries such as the Eastern Europe and Eurasia accounted for over 60% of conventional gas resources and nearly 16.5% was accounted for the unconventional gas sources, the shale gas market has experienced a few technological advancements in this process. For instance, hydraulic fracturing and soaring gas prices have enhanced the growth of unconventional gases in North America. Based on this, there is a global energy supply shift to be expected in the near future. A few countries such as Algeria, Mexico, and Argentina also hold large shale gas potential. 

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Ms. Sheela AK
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
 

Share This Article!  


Related Report

  • Subsea Electric Power Distribution Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2015 - 2023
  • Subsea electrical power distribution differs from a topside system by being a point to point system with limited routing alternatives. Some deep water oil and gas reservoirs would not have been fully exploited without the help of subsea systems. Subsea electrical power distribution enables supply of all electrical loads using one single power cable. Subsea electrical power distribution system consist of subsea transformer, subsea frequency convertor and...
  • Offshore Wind Energy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022
  • This research study has been designed to analyze and estimate the market for offshore wind energy globally both in terms of installed capacity (MW) and investments (USD Million). The global market for offshore wind energy has been segmented geographically into four regional segments and nine unique country segments. The regional segments include Europe, Asia Pacific, North America, and Europe. The nine countries which have been separately addressed in this...
  • District Heating and Cooling Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2015 - 2022
  • District heating and cooling (DHC) systems produce hot water, steam, hot/cold air and chilled water at a central plant. It is then transported through underground tubes and pipes to individual buildings within a specific district. This process is very energy efficient and reliable. District heating and cooling is also considered as a flexible technology as it can make use of various kinds of fuel sources. Various fuel sources used for district heating and...
Payment
Copyright @ Transparency Market Research