Shale Gas Processing Equipment Market 2021 to Witness Massive Growth by 2026

Allied Market Research published a new report, titled, "Shale Gas Processing Equipment Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Increase in number of shale gas reserves, its growing production at commercial scale, and technological evolution of heat exchangers fuel the growth of the global shale gas processing equipment market. On the other hand, adverse effects caused by shale gas production through hydraulic fracturing curbs the growth some extent. However, increase in efforts of government to commercially exploit shale reserves is expected to create a number of opportunities for the key players in the industry.

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Based on component, the compressors and pumps segment contributed to nearly one-third of the global shale gas processing equipment market share in 2018 and is expected to retain its dominance throughout 2019-2026. Gas processing capacity has expanded in most of the plants located in the U.S. and therefore, demand for compressors has also increased in the region, which has affected the global contribution too. The heat exchangers segment, on the other hand, would register the fastest CAGR of 15.4% during the study period. Demand for heat exchangers in a single gas processing unit is high, as it sets the perfect temperature on which a processing plant needs to operate in.

Based on country, the shale gas processing equipment market is bifurcated across the U.S., Canada, China, Mexico, Algeria, Argentina, an Others. The U.S. accounted for largest shale gas processing equipment market share over other countries. However, China is expected to exhibit highest CAGR during the forecast period.

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The major key players operating in the global shale gas processing equipment industry include Schlumberger Ltd, Sivalls, Inc, Van Air Systems, Croft Production Systems, Inc., Koch Industries, Inc., Pall Corporation, PEMCO, Burckhardt Compression AG, Gas Processing Equipment, and ATB Riva Calzoni S.p.A.

Key Findings of the Shale Gas Processing Equipment Market:

The U.S. market for shale gas processing equipment is predicted to account for a share of over 70% market share by 2026

Based on Component, compressors and pumps market segment is emerged as the global leader by acquiring 31% market share in 2018, and it is anticipated to be the largest market during the forecast period

As of 2018, shale gas accounted for more than 50% share in overall natural gas production in the U.S.

After $5.5 billion investment in shale gas exploration, China is anticipated to further invest in 2020 to develop hydraulic fracturing technology by aiming commercial production of shale reserves

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