Shale Gas Market Growing at a CAGR 14.4% | Allied Market Research
Shale Gas is expected Market 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.
In end user segment, power generation and industrial sector jointly accounted for about two-third of the shale gas market in 2015 and is projected to maintain this position throughout the forecast period. The growth of these segments is attributed to preferred use of shale gas for power generation due to its abundant availability and cost-effective nature.
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.
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Key Findings of Shale Gas Market:
o 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.
o 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%.
o Residential and commercial sector collectively accounted for 34% shale gas market share in 2015.
Top Leading Players:
Baker Hughes Incorporation, Anadarko Petroleum Corporation, BHP Billiton Limited, Royal Dutch Shell, ConcoPhillips, ExxonMobil & Chesapeake Energy Corporation.
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Table of Contents
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Beyond: what to expect by 2027
2.1.1 Moderate growth scenario
2.1.2 Rapid growth scenario
2.1.3 Diminishing growth scenario
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 The shale revolution
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