What is Shale Gas Market?
Shale gas is natural gas primarily methane trapped within the shale formation, some of which were formed 300 to 400 million years ago. The shale gas is derived from underground shale deposits that are broken up by a process known as fracking or hydraulic fracturing. The rising popularity of shale gas in various industries has led to growing awareness regarding the benefits of shale gas as an energy resource. Increasing number of shale reserves all over the globe and the competitive price of shale gas are the major factor which supplements the growth of the shale gas market.
Highlights from Shale Gas Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Baker Hughes Inc. (United States), Beach Energy Ltd (Australia), Kolibri Global Energy Inc. (United States), Chesapeake Energy Corp (United States), Chevron Corp (United States), Conocophillips (United States), Devon Energy Corp (United States), LNG Energy Ltd. (United Kingdom), Marathon Oil Company (United States), Petrohawk Energy Corp (United States), Royal Dutch Shell Plc (Netherlands), Southwestern Energy Company (United States) and Total S.A. (France) |
The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Shale Gas market throughout the forecasted period.
Baker Hughes Inc. (United States), Beach Energy Ltd (Australia), Kolibri Global Energy Inc. (United States), Chesapeake Energy Corp (United States), Chevron Corp (United States), Conocophillips (United States), Devon Energy Corp (United States), LNG Energy Ltd. (United Kingdom), Marathon Oil Company (United States), Petrohawk Energy Corp (United States), Royal Dutch Shell Plc (Netherlands), Southwestern Energy Company (United States) and Total S.A. (France) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Antero Resources Corporation (United States), EQT Corporation (United States), ExxonMobil (United States), Pioneer Natural Resources (United States), Range Resources (United States) and SM Energy (United States). Shale Gas Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Industrial, Residential, Commercial, Power Generation and Transportation |
Technologies | Horizontal Drilling,Hydraulic Fracturing |
On the basis of geography, the market of Shale Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rise in Number of Projects for Natural Gas Pipeline, Increasing Popularity of Shale Gas in Various Industries and Advances in Drilling Technology Make Shale Gas Production Viable
Challenges:
Induced Seismicity (earthquakes) From Shale Flow Back Water Disposal; Chemical Disclosure of Fracture Fluid Additives and Potential Ground and Surface Water Contamination
Restraints:
Capital Intensive and Water Contamination and Usage Issues Associated with Shale Gas
Opportunities:
Shale Gas Likely To Boost NGL & Ethylene Production and Potential Growth in Emerging Countries
Key Target Audience
Distributors, Suppliers and Retailers, Potential Investors, End User, New Entrants and Others
In November 2021, Cairn Oil & Gas revealed its collaboration with the American company Halliburton to initiate shale exploration activities in the Lower Barmer Hill formation situated in Western Rajasthan, India.