In terms of volume, the China shale gas hydraulic fracturing market is forecasted to register a 21.2% CAGR during 2017-2027

The extensive governmental policies related to curb carbon emission has led to the development of shale across the targeted countries. As a result, the global market for shale gas hydraulic fracturing is expected to witness a significant growth in 2017, reaching the market volume of 18,590 Bcf. Furthermore, the global growth of shale gas hydraulic fracturing will also be influenced by the rising demand for natural gas across the various applications.

The consumption of natural gas has increased considerably in residential applications for space heating, drying clothes, and among others. Increase in power generation based on natural gas has triggered the demand for natural gas. Consequently, supporting the shale gas exploration & production activities across the U.S., Canada and China. Moreover, declining production from conventional natural gas reserves in Canada and China supports the development of shale gas production. The aforementioned reasons are expected to boost the demand for natural (shale gas) over the coming years.

Based on the technology type of shale gas hydraulic fracturing, the plug & perforation segment will continue the dominance in terms of the global market share and account for more than 68% by the end of 2027. Sliding sleeve technology in China is expected to grow at a CAGR of 24.5% during the forecast period owing to increase in the number of proved recoverable shale gas reserves. Moreover, sliding sleeve across all the three countries is foreseen to observe significant growth rate but volume share will likely to dominate by plug & perforation technology.

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Based on the application, consumption of natural gas in power generation will continue to dominate among other applications followed by industrial consumption. On the other hand, the stringent regulations for fossil fuels and technological innovations in the field of hydraulic fracturing will likely to incite the shale gas production.

In 2016, U.S. is estimated to be the most lucrative region for the growth of the shale gas hydraulic fracturing market and will likely to exhibit more than 96% of the global market share. The booming power generation sector in the North American countries will drive the demand for shale gas hydraulic fracturing. The increasing demand for shale gas has influence the business expansion of prominent manufacturers Exxon Mobil Corporation, China National Petroleum Corporation, ConocoPhillips Company, Chevron Corporation, Cabot Oil & Gas Corporation, Statoil, Anadarko, EOG Resources, Inc., Royal Dutch Shell Plc., and EQT Corporation represent the key players of the global market for shale gas hydraulic fracturing.

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Long-term Outlook: In terms of volume, the China shale gas hydraulic fracturing market is forecasted to register a 21.2% CAGR during the forecast period 2017-2027. North America will likely to witness substantial demand growth, expanding at a CAGR of 9.1% over the forecast period.

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