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Shale Gas Market 2022 | Business Analysis and Evolutionary Growth

07-16-2019 05:02 PM CET | Energy & Environment

Press release from: allied market research

Shale Gas Market 2022 | Business Analysis and Evolutionary

Shale gas is emerging as an ideal energy source, owing to its abundance, low carbon footprint and comparatively low price than conventional energy source such as natural gas, coal, nuclear and hydro. However, the issue of water scarcity due to the hydraulic fracturing technique may hamper its production. Moreover, the unstructured regulatory framework in the European countries may dampen its producers to some extent. The global shale gas consumption is estimated to grow at a CAGR of 12.6%, thereby, fostering the market growth.

The global sales of Shale Gas are expected to reach $214 billion by 2022. The market is expected to grow at a CAGR of 14.4% between 2015 and 2022. The United States has produced almost 90% of shale gas in 2014. The industrial sector is projected to grow at the highest CAGR of 15.3% during the forecast period.

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Shale gas refers to unconventional natural gas, trapped in the shale formation, which is derived by hydraulic fracturing process. Shale gas has become an increasingly important source of natural gas in the US and its interest as a potential gas shale is expected to increase in the rest of the world. According to the U.S. government's Energy Information Administration, by 2035, 46% of the United States' natural gas supply will come from shale gas. The analyst is expecting that shale gas will greatly expand the worldwide energy supply. China is predicted to have the world's largest shale gas reserves. As per the Obama administration increased shale gas development will enable to reduce greenhouse gas emissions.

Key Findings of Shale Gas Market:
• The North American shale gas market is expected to maintain its foothold in the market throughout the analysis period registering a CAGR of 12.6%, in terms of revenue.
• In Asia-Pacific shale gas market, power generation accounted for the highest consumption of about 37% in 2015, and it is expected to grow at a CAGR of 45.5%.
• Residential and commercial sector collectively accounted for 34% shale gas market share in 2015.
• The European shale gas market revenue for transportation application is projected to grow at a CAGR of 68.5%.
• The U.S. was the largest shale gas producer followed by Canada and China in the global shale gas market 2015.

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In order to stay competitive in the market, these market players are adopting different strategies such as acquisition, merger, partnership, and product launch. Anadarko Petroleums is expanding its premium shale properties, which are located in the Delaware and Denver-Julesburg (DJ) basins along with the Deepwater Gulf of Mexico (GOM). The company is progressively shifting to a greater liquid composition in its total production mix, which has resulted in the highest per-barrel margins since 2014. This move will let the company increase its presence in the global shale gas market size.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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