Press release
Global Shale Gas Hydraulic Fracturing Projected to Reach 53900 Million US$ by 2025, at a CAGR of 4.5%
In terms of production side, this report researches the Shale Gas Hydraulic Fracturing capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Shale Gas Hydraulic Fracturing by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Shale gas is natural gas that is found trapped within shale formations. Shale gas has become an increasingly important source of natural gas in the United States since the start of this century, and interest has spread to potential gas shales in the rest of the world
Hydraulic fracturing is a well stimulation technique in which rock is fractured by a pressurized liquid. The process involves the high-pressure injection of 'fracking fluid' (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely.
In the report, production unit: bcf=billion cubic feet. Price unit: USD/Mcf=USD per thousand cubic feet.
Now shale gas is widely reserved underground. USA, China, Canada, Argentina and Mexica have big reserves. But due to the limitation of technology, USA becomes the most main manufacturing country in the world, taking 83.45% of the global production. With the process of the shale gas hydraulic fracturing in other countries such as China, Canada and Argentina, and the more attention on shale gas, China, Canada and Argentina gradually began to produce shale gas. Thanks to the cheap price and the huge reserves in the world, more and more countries star to pay attention on shale gas, for example that Mexico began to produce shale gas on its own and the Mexico company PEMEX has invested much money on exploration and production about shale gas.
Because USA is the first and biggest country to produce shale gas in the world, there are plenty of America manufacturers such as ExxonMobil, Range Resources, EQT, Chesapeake Energy, Chevron and Rice Energy. In Argentina, Yacimientos Petroleiferos Fiscales is the main manufacturer, in China CNPC and Sinopec are the main manufacturers
Shale gas is virtually natural gas and can be applied into residents, industrial and electric power. Industrial and electric power is the two main application, taking 34.49% and 34.25% of the total production respectively in 2016. Application in residents is also an important part of shale gas, in 2016, around 20.59% of the global production is consumed by residents.
The Shale Gas Hydraulic Fracturing market was valued at 39700 Million US$ in 2017 and is projected to reach 53900 Million US$ by 2025, at a CAGR of 4.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Shale Gas Hydraulic Fracturing.
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This report includes the following manufacturers; we can also add the other companies as you want.
ExxonMobil
Range Resources
EQT
Chesapeake Energy
Chevron
Rice Energy
CONSOL Energy
EOG Resources
Anadarko Petroleum
Occidental Petroleum
Devon Energy
Marathon Oil
BHP Billiton
Yacimientos Petroleiferos Fiscales
CNPC
Sinopec
Market Segment by Product Type
Type I
Type II
Market Segment by Application
Residents
Industrial
Electric Power
Other
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