openPR Logo
Press release

Shale Gas Market to Cross $214 billion by 2022 | Covid 19 Impact Analysis

08-25-2021 07:38 AM CET | Energy & Environment

Press release from: Allied Market Research

Shale Gas Market

Shale Gas Market

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. Analyst is expecting that shale gas will greatly expand 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.

Download Sample PDF @https://www.alliedmarketresearch.com/request-sample/1088

Shale gas is emerging as an ideal energy source, owing to its abundancy, low carbon foot print and comparatively low price than conventional energy source such as natural gas, coal, nuclear and hydro. However, the issue of water scarcity due to 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.

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. However, in terms of volume, industrial sector is projected to be the fastest growing segment with a CAGR of 13.3%.

The global shale gas industry is gaining competitive advantage as the key companies are focusing on acquisition to expand their regional presence in the emerging countries and increasing the exploration and extraction of shale gas market. The key companies profiled in this report include, Baker Hughes Incorporation, Anadarko Petroleum Corporation, BHP Billiton Limited, Royal Dutch Shell, ConcoPhillips, ExxonMobil & Chesapeake Energy Corporation.

For Enquiry @https://www.alliedmarketresearch.com/purchase-enquiry/1088

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 highest per-barrel margins since 2014. This move will let the company to increase its presence in the global shale gas market size.

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.

Get detailed COVID-19 impact analysis on the Market @ https://www.alliedmarketresearch.com/request-for-customization/1088?reqfor=covid

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shale Gas Market to Cross $214 billion by 2022 | Covid 19 Impact Analysis here

News-ID: 2366331 • Views: 149

More Releases from Allied Market Research

Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable
Global Football Sportswear Market Growing Trade Among Emerging Economies Opening …
As per the report published by Allied Market Research, the global football sportswear market is estimated to reach $114.41 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape. Rise in sportswomen, surge in participation in football, and development in sportswear drive the growth of the global football sportswear market. Access Full Summary: https://www.alliedmarketresearch.com/football-sportswear-market-A09835 Chinese companies

All 5 Releases


More Releases for Shale

Global Oil Shale Market Research Report 2017
Oil Shale Report by Material, Application, and Geography – Global Forecast to 2021 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Oil Shale basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures,
Australia Shale Gas Market Analysis
One of the world’s largest natural gas exporters has found a new resource to boost up its profile. While the conventional natural gas reserves seem to be never ending in Australia, it has started tapping its unconventional resources. The world’s largest exporter of coal, Australia, is already a major player in the Coal Seam Gas business and now has found shale gas reserves buried deep under its surface. The fourth
Australia Shale Gas Industry Analysis
One of the world’s largest natural gas exporters has found a new resource to boost up its profile. While the conventional natural gas reserves seem to be never ending in Australia, it has started tapping its unconventional resources. Australia is sitting on nearly 6% of the world’s shale gas reserves, i.e. 437 Trillion Cubic Feet. These are in addition to its already proven natural gas and oil reserves that
US Shale Gas Industry Analysis
Shale gas has emerged as one of the sought after investments areas in the energy sector, especially in the US. Combined with the technical advances that have helped access huge and previously inaccessible natural gas reserves and the production capability in the industry, there has been increased interest in the US shale gas industry, both on the production and exploration side. The first commercial shale gas well was drilled in
Oil Shale Market - Global Industry Analysis : 2022
Transparency Market Research has released a new market research report titled Oil Shale Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022. According to the report, the global oil shale market revenue stood at USD 1,134.60 million in 2013 and is projected to reach USD 7,400.70 million by 2022, expanding at a CAGR of 27.34% between 2014 and 2022. Download the Exclusive Report Sample Here :
Shale oil Market: The Next Energy Revolution
Summary: Big Market Research adds “United States Oil Shale Market” new report to its research database. The report spread across 100 pages with table and figures in it. About Oil Shale Market Oil shale, also known as kerogen shale, is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil (not to be confused with tight oil—crude oil occurring