Unconventional Gas Market Size, Growth, key Vendors, Trends, Analysis, Segmentation, Forecast to 2025 | Key Players: Baker Hughes, a GE company (BHGE), Schlumberger Limited, Royal Dutch Shell plc., Chevron Corporation, ExxonMobil Corporation

Global Unconventional Gas Market Projected to Grow due to Increasing Effort to Reduce Dependence on Fossil-Fuel in Energy and Transport Sector

Unconventional Gas has potential usage as a practical source of affordable energy for residential, transportation, and industrial users, the development of gas from unconventional reservoirs provides a variety of benefits. It will contribute to energy security by lowering dependence on imported energy. Since many countries seek to import natural gas, it will become basis for a new export industry. Unconventional Gas lowers impacts on environmental quality by curtailing dependence on coal and oil. It also helps reduce carbon dioxide emissions to mitigate climate change. It will promote enhanced competitiveness of manufacturing sector, especially subsectors that use natural gas.

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Key Takeaways of the Unconventional Gas Market Study

1. On the basis of type, it is segmented into shale gas, tight gas, and coal bed methane. Shale gas is most widely used and preferred owing to its easy availability. Shale gas is generally explored from shale rocks or deposits underneath the earth through multistage hydraulic fracturing and horizontal drilling.

2. By application, it is segregated into, industrial, power generation, residential, commercial and transportation. The industrial sector majorly uses unconventional gas in accordance with the rapid industrialization. There has been a significant rise in the demand of unconventional gas from the power generation and residential sector as well.

3. Asia Pacific is another key region of the unconventional gas market. China, India, and Indonesia are the prime contributors in terms of production of unconventional gas, along with Australia.

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Notable Development Trends to Open up New Horizons of Growth for Unconventional Gas Market

The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. In the year 2017, the Chinese government, several state departments, including the National Development and Reform Commission, have proposed to promote natural gas exploration in order to make natural gas a major resource in the year 2017.
2. TechnipFMC plc. launched the Surface International Facility Center in Abu Dhabi, the UAE in December 2017,
Major points covered in the report:
1. Macroeconomic factors affecting the Unconventional Gas market and its potential
2. Unconventional Gas Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Unconventional Gas market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Unconventional Gas market, including detailed profiles of the top players in this market

Some of the major players in the Unconventional Gas market are Baker Hughes, a GE company (BHGE), Schlumberger Limited, Royal Dutch Shell plc., Chevron Corporation, ExxonMobil Corporation, Total S.A., Halliburton Inc., Weatherford International Plc., National Oilwell Varco, BP plc., Emerson Automation Solutions, and TechnipFMC plc.

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Market Segmentation:

By Type:
• Shale Gas
• Tight Gas
• Coal bed Methane

By Application:
• Industrial
• Power Generation
• Residential
• Commercial
• Transportation

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Application

Rest of the World
o By Region (South America, Africa)
o By Type
o By Application

Reasons to Buy This Report:
• Market size estimation of the Global Unconventional Gas Market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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This release was published on openPR.