Thursday, March 28, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Energy and Utilities Global Shale Gas Market Size, Share and Growth: ken Research

Global Shale Gas Market Size, Share and Growth: ken Research

Shale gas is a natural gas that is found trapped in shale formations. Shale gas has become an increasingly prominent source of natural gas in the world. The combination of horizontal drilling and hydraulic fracturing has majorly enabled access to vast capacities of shale gas that was before uneconomical to produce. The Shale Gas Market is anticipated to grow at the rate of 8.5% CAGR by 2027.

This Industry Research report Covers “Shale Gas Market on the basis of Technology (Exploration & Drilling and Fracturing Fluid), Application (Power Generation, Industrial, Residential, Commercial, and Transportation), and Geography – Global Forecast up to 2027 “The advantages associated with shale gas, including lesser natural gas prices, a cleaner environmental footprint than some other fossil fuels, which include coal, fuel oil or natural gas, intensified energy security & the availability of energy fuels, and local economic development are significant factors which are primarily driving the growth of the global shale gas market. The rising awareness about the environment elevates the utilization of clean fuels, including natural gas, which is surging demand for shale gas. However, the production of shale gas can be economically not feasible at times and negatively impact the environment, which are the key factors limiting the shale gas market growth.

Request For Sample Report- https://kenresearch.com/sample-report.php?Frmdetails=NDc2ODQ0

Shale Gas Market on the basis of Technology

Exploration & Drilling

Fracturing Fluid

Shale Gas Market on the basis of Application

Power Generation

Industrial

Residential

Commercial

Transportation

Shale Gas Market on the basis of Geography

North America

Europe

Asia Pacific

Rest of the World

Based on technology, the shale gas market is divided into exploration & drilling and fracturing fluid. The fracturing fluid segment is projected to witness a higher CAGR rate over the forecasted period. The segment’s growth is ascribed to the rising popularity of fracturing technology because of its outstanding cost-efficiency and great hydrocarbon recovery technique for extraction. In addition, the adoption of hydraulic fracturing with horizontal drilling for piercing ultra-hard shale deep underground reserves and the use of watery fluids such as gel, brines, water, and acid as the base fluid in the abstraction of shale gas is further enhancing the growth of the market.

As per the market-based application, the shale gas market is categorized into power generation, industrial, residential, commercial, and transportation. The power generation segment is likely to hold the highest share in the shale gas market. The highest share is credited to the rising use of natural gas in power generation, coupled with the lower price and minimum carbon emission of shale gas. The rising demand for power among industrial verticals and the rising inclination towards cleaner combustion quality of shale gas when compared to other fossil fuels further augment the market growth over the forecast period.

In terms of geographical analysis, the regions are divided accordingly, such as North America, Europe, Asia Pacific, and the rest of the world. Among them, North America is expected to hold a substantial market share. This is majorly due to the enormous of technically regained shale reserves, along with the active commercial production of shale in the region are the key factors.

Furthermore, the emerging advances in technology such as advances in horizontal drilling, the use of multi-well drilling pads, and multi-stage hydraulic fracturing enable the efficient production of shale gas, which is majorly driving the global market’s growth. The hydraulic fracturing disturbs the local stress field and causes slid or shearing in naturally broken shale formations. Since monitoring this process utilizing microseismic techniques offers a valuable tool helping to detect the result of the drilling and understand the efficacy of the operation. Hence, it improves shale gas production.

This report also includes the key vendor’s profiles of the shale gas market-Polskie Gornictwo Naftowe I Gazownictwo Sa, Marathon Oil Corp, Baker Hughes Inc., Beach Energy Ltd, Bnk Petroleum Inc, Lng Energy Ltd., Chesapeake Energy Corp, Southwestern Energy Company, Quicksilver Resources Inc. and Petrohawk Energy Corp.

Hence, natural gas, especially shale gas, is a copious energy resource playing a prominent role in future energy demand and allowing the world to transition to higher support on renewable energy sources. And also, shale gas has a wide range of applications.

This report offers analysis for changing competitive dynamics along with the forward-looking perspective on various factors driving or restraining market growth

The report gives the forecast analysis on the basis of how the market is predicted to grow

Further report provides a pin-point analysis of changing competition dynamics and keeps the users ahead of competitors

This report also helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

For More Information, refer to below link:-

Global Shale Gas Market Research Report

Related Reports

Global Thin film and Printed Battery Market Research Report

Global Electrical SCADA Market Size, Share and Growth

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-

Ken Research                                                                                           

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

 

RELATED ARTICLES

Aesthetic Laser Market Revenue, Share and Trends

The Aesthetic Laser Market is a dynamic sector within the broader medical and cosmetic industry, characterized by the use of advanced laser technologies for...

Tourism Market: Trends, Growth, and Industry Players

Introduction The global tourism market is a dynamic sector that continually evolves in response to changing consumer preferences, technological advancements, and global events. As we...

Smartphone Market Trends, Analysis, and Outlook

Introduction: The smartphone market is a dynamic and ever-evolving industry that plays a pivotal role in shaping the global technological landscape. As of the latest...

Most Popular

From Humble Beginnings to a $52 Billion Boom: Unveil Opportunities in India’s Booming Interior Design Market

India's interior designing market is witnessing a remarkable transformation, driven by various factors. This blog delves into the market size, growth projections, key trends,...

Smartphone Industry Insights: Navigating Growth, Trends, and Opportunities

The smartphone industry is a juggernaut, weaving itself into the fabric of our daily lives. From communication to commerce and entertainment, these pocket-sized powerhouses...

Theme Park Boom: Market Size, Trends & Top Players Shaping the Thrilling Future

The theme park industry isn't just about roller coasters and cotton candy anymore. It's a multi-billion dollar global phenomenon, offering immersive experiences that cater...

The Analysis on Global Capital Market, Industry and Report

The world of finance can be a complex labyrinth, especially when terms like "global capital markets" and "investment banking" get thrown around. While they're...