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Published Date: 2013-08-21Number of Pages: 204

Unconventional Gas (Shale Gas, Tight Gas and Coal Bed Methane) Market for Industrial, Power Generation, Residential, Commercial and Transportation Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Unconventional gas resources can be classified into shale gas, tight gas, coal bed methane (CBM) and gas hydrates. They are widely used in power generation and industrial application. Focus towards decreasing reliance on depleting conventional resources is one of the major driving factors of global unconventional gas market. In addition, foreign investment by Asian oil and gas giants to acquire unconventional gas assets is further expected to propel the market growth. Regulatory support in the U.S. and China is expected to increase the production of unconventional gas during the forecast period. However, excessive utilization and contamination of surface water and high cost of production is expected to hamper the market growth in the near future.

Presently, tight gas is largely produced and accounted for 44.4% of the total unconventional gas production in 2012. However, this trend is expected to shift towards shale gas due to technological development coupled with abundant technically recoverable shale reserves. Shale gas is expected to account for more than 47% of the overall market by 2019. Presently, more than 60% of the CBM is produced by North America however; this trend is expected to shift towards Asia Pacific by 2019 owing to huge CBM deposits. Australia is expected to be one of the major CBM producers by 2019.

The U.S. emerged as major producer of unconventional gas due to huge reserves and technological advancement. The U.S. is expected to generate revenue worth USD 59.75 billion by 2019. Asia Pacific is expected to be fastest growing market for shale gas expected to grow at an estimated CAGR of 69.6% from 2015 to 2019. The production of unconventional gases in Europe was above 750 bcf in 2012 and is expected to grow at a sluggish rate during the forecast period. Presently, there is no development of shale gas in Europe owing to federal laws and environmental regulations. However, Europe is slowly catching up with the current shale gas development as countries including Britain, Poland and Germany among others are permitted for shale gas production. The UK government has planned tax reduction policy for the development of shale gas.

Industrial applications of shale gas were prominent in Canada and total production was nearly 318 bcf in 2012. Production of unconventional gases for power generation accounted for approximately 31% in 2012. In terms of revenue, transportation industry is expected to grow at an estimated CAGR of 6.7% from 2013 to 2019. Residential application includes space heating and cooling, cooking and water heating. Residential application is expected to account for over 18% of the total market in 2019. Transportation is expected to be fastest growing application segment growing at an estimated CAGR of 5.8% from 2013 to 2019. Use of compressed natural gas (CNG) as a transport fuel is increasing as it is a cleaner source than gasoline and diesel. Commercial application includes healthcare facilities, warehouses, lodging and food services where unconventional gases are used for space heating and cooling and cooking. Commercial application is expected to reach 4426.3 bcf by 2019.

The global shale gas market is highly fragmented as top five players accounted for 30.6% of the market share in 2012. These companies are vertically integrated which gives them competitive advantage over other industry participants. The global CBM market is concentrated as top five companies accounted for more than 75% of the market share in 2012. These companies have acquired small CBM manufacturing companies and have consolidated the CBM industry.  Some of the key participants in the industry include Anadarko, Arrow Energy, BG Group, BHP Billiton, BP, Chesapeake Energy, Devon Energy, Exxon Mobil, PetroChina, Shell and Total among others. 

us-shale-gas-market-volume-by-application-2012-2019


Each region that is involved in the unconventional gas market is categorized into multiple segments according to application and type of gases extracted. The research report also includes the key market drivers and restraints, along with possible areas of growth. All market values and revenues are described in U.S. dollars. The report diversifies the geographic areas of the unconventional gas market according to the U.S., Europe, Canada, and the Rest of the World.

The report primarily includes a detailed analysis of the unconventional gas market in terms of market attractiveness. Different factors are utilized to gauge the level of appeal including market size, overall positive aspects, and the growth rate. A comprehensive landscape of the market is created through the use of Porter’s Five Forces Model. The model analyzes a buyer’s impact, new competitors, suppliers, product alternatives and the degree of competition in the market. The research report also includes a 2012 study of the market share for shale gas and CBM. The key players are all profiled in the report in terms of financial overview, business strategies, major developments and SWOT analysis.

Overview

The IEA has defined unconventional gas as the type that is tougher – in terms of expenses and method – to extract than conventional gas. The categories of this market are tight gas, shale gas, gas hydrates, and coal bed methane (CBM). Unconventional gases are most commonly used in power generation and other industrial applications. A decent number of top oil companies in the Asia Pacific region have become foreign investors in the unconventional gas market in a bid to propel the market. Another factor that could promote the market is regulatory support by governments of the U.S. and China.

The key growth driver for the unconventional gas market is the constantly increasing demand for gas which cannot be met by the conventional gas market. The resources in the conventional gas market, especially those of coal, oil, and gas are fast depleting, which has caused an accelerating shift towards unconventional gases. Of the various types of unconventional gas types, shale gas holds the dominant area in terms of method of production.

The key market restraints for the unconventional gas market are excessive utilization, the pollution of water along its surface, and high cost of production.

Companies mentioned

Most of the top companies involved in the unconventional gas market are situated in North America, especially in the U.S. and Canada. Most of them have consolidated the market by acquiring smaller companies to expand their geographic presence. The key players include Arrow Energy, Shell, PetroChina, Exxon Mobil, Devon Energy, Chesapeake energy, BHP Billiton, BP, BG Group, and Anadarko.

Major geographies analyzed under this research report are: 
  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements in the unconventional gas market
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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