Unconventional Gas Market advanced technology, future potential, forecast

The global unconventional gas market was valued at around US$ 128 Bn in 2017 and is anticipated to expand at a CAGR of 8.61% from 2018 to 2026, according to a new report titled ‘Unconventional Gas Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) Unconventional natural gas, which includes shale gas, tight gas, and coalbed methane, has been more difficult and costly to exploit than conventional deposits. Fossil fuels accounted for more than 85% of the global demand for energy by the end of 2016. Natural gas ranked third (24%), after oil (33%) and coal (28%) during the same period.

Request For Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1497

Rising Demand for Unconventional Gas Exploration

Increase in investments in exploration and production of offshore oil and gas is propelling the adoption of unconventional gas around the world. Upstream activities for the oil & gas industry are expected to boost their production volumes, thereby propelling the unconventional gas treatment market. Global price of natural gas has been increasing at a steady pace since the beginning of 2018. Offshore and onshore exploration and production activities have also picked up at a significant pace. Growth in shale gas has prompted many countries around the globe to look at exploiting their own unconventional gas resources.

Buy Now : https://www.transparencymarketresearch.com/checkout.php?rep_id=1497<ype=S

Shale Gas to Remain Dominant Type Segment

In terms of type, the shale gas segment dominated the global unconventional gas market in 2017. Shale gas is a natural gas trapped within the shale formation. It is derived from underground shale deposits that are broken up by hydraulic fracturing. Shale gas is a cleaner burning fuel than coal and crude oil. The combustion of shale gas emits significantly lower levels of pollutants, including carbon dioxide, nitrogen oxide, and sulfur dioxide than the combustion of coal and oil. There are abundant reserves of shale gas around the world. These may be sufficient to meet the demand for clean energy for many years.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/increasing-preference-towards-high-protein-diet-that-is-ready-to-go-is-fueling-growth-of-global-meat-extract-market-valuation-to-reach-us-2-5-bn-by-2029--transparency-market-research-301003674.html

Market in North America, especially in U.S., Expected to Expand at Substantial Pace

North America dominated the global unconventional gas market in 2017. More than 800 billion cubic meter (Bcm) of unconventional gas was produced in the region in 2017. The active rotary rig count in the region increased from 1,036 in January 2017 to 1,261 in January 2018. In terms of volume, North America accounted for 91.1% share of global unconventional gas market in 2017. The U.S. was the prominent producer of unconventional gas in 2017. Barnet Shale and Marcellus shale are among the important shale gas reserves in the country. Currently, shale gas constitutes 47% share of gas production in the U.S. The percentage is estimated to rise to 50% by 2030.

Highly Competitive Market with Dominance of Leading Players

The global unconventional gas market is highly fragmented. Key players operating in the global 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.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.