Global Unconventional Natural Gas Extraction Market: Overview
Natural gas is majorly obtained from gas shale, coal, and gas hydrates, which are considered as unconventional natural gases. With a rising demand for power generation, there has been a robust growth in the production and exploration activities of unconventional natural gas worldwide. Technological developments in the extraction techniques such as hydraulic fracturing and drilling and the benefits of natural gas in comparison with other fuels for power generation are some of the vital reasons anticipated to augment global unconventional natural gas extraction market.
The research study provides a comprehensive analysis of the global unconventional natural gas extraction market, focusing on the key growth prospects and opportunities in the next few years. A detailed overview of the competitive landscape of the global market has been provided in the study to offer a clear picture of the market. The company profiles, contact information, historical information, financial status, business policies, SWOT analysis, and recent developments have been discussed in the scope of the research report. In addition, the key geographical segments, technological developments, primary applications, and the product portfolio of the global unconventional natural gas extraction market have been presented in the study.
Global Unconventional Natural Gas Extraction Market: Drivers and Barriers
The global unconventional natural gas extraction market is projected to witness progressive growth throughout the forecast period. The high growth of the overall market can be attributed to the rising number of countries who are deploying their indigenous resources for ensuring energy security and the growth and development of new supplies of gas resources across the globe. In addition, the widespread availability of unconventional natural gas resources is expected to supplement the growth of the market by expanding the application base.
On the other hand, the global market for unconventional natural gas extraction is expected to witness several challenges in the next few years. The rising environmental concerns is one of the major reasons anticipated to restrict the growth of the overall market in the next few years. Most of the emerging nations are focusing on investing in the global market in order to meet their rising energy demands. This is projected to create significant growth opportunities for the key players operating in the market.
Global Unconventional Natural Gas Extraction Market: Regional Outlook
The global market for unconventional natural gas extraction can be classified in terms of geography into North America, Europe, Asia Pacific, and the Rest of the World. Among these segments, North America is likely to lead the global unconventional natural gas extraction market and account for a key share in the coming few years. The rising interest of consumers in making use of unconventional natural gas and related extraction technologies are some of the vital factors estimated to encourage the growth of the market in North America. Moreover, several government initiatives are projected to contribute extensively towards the development of the overall market in the next few years.
Furthermore, Asia Pacific is expected to witness significant growth throughout the forecast period, thanks to the low costs of natural gas. The favorable growth opportunities in several emerging nations owing to the rising inclination towards unconventional natural gas as a promising energy source in order to lessen supply shortages is anticipated to supplement the growth of unconventional natural gas extraction market in Asia Pacific. Moreover, the revenue generation is expected to increase substantially in the next few years.
Companies Mentioned in the Research Report
Some of the key players operating in the unconventional natural gas extraction market across the globe are Chevron Corporation, Devon Energy Corporation, Baker Hughes, Oil & Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation Ltd., ExxonMobil Corporation, British Gas, Siemens, Bow Energy Ltd., Halliburton, Chesapeake Energy, ConocoPhillips Company, General Electric Company (GE), Reliance Industries (RIL), and China National Offshore Oil Corporation. The competitive scenario of the overall market is expected to strengthen throughout the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.