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A Comprehensive Report on Shale Gas Market Growth and Analysis | Latest Trends | Key Insights | Industry Forecast 2023-2032 || Royal Dutch Shell PLC, Exxon Mobil Corporation, PetroChina Company Limited, ConocoPhillips
Shale Gas Market
Shale Gas Market Size, Growth Rate, And Forecast
The global shale gas market size grew from $68.98 billion in 2022 to $77.88 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shale gas market size is expected to grow to $126.98 billion in 2027 at a CAGR of 13.0%.
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Shale Gas Market Drivers
The rapid pace of advancements in shale gas exploration and drilling technologies is boosting production volumes and reducing production costs and thereby contributing to the growth of the market. Technological advances are allowing companies to enhance shale gas recovery rates and considerably reduce production costs. For instance, 3D seismic technology is being used to optimize exploration and drilling processes to enhance natural gas production levels and cut down costs associated with exploration, drilling and refining. Other areas of rapid technological advances in the crude oil and gas market include hydraulic fracturing and horizontal drilling. Thus, advancements and innovations in exploration and drilling technologies are expected to drive the shale gas market.
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Shale Gas Market Segments
• By Technology: Exploration & Drilling, Fracturing Fluid
• By Application: Power Generation, Industrial, Residential, Commercial, Transportation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the shale gas market.
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Shale Gas Market Key Players
Major competitors in the shale gas market are Royal Dutch Shell PLC, Exxon Mobil Corporation, PetroChina Company Limited, ConocoPhillips, Chevron Corporation, Antero Resources, Anadarko Petroleum Corporation, Baker Hughes Incorporation, Statoil, Equinor ASA, Repsol SA, SINOPEC/Shs, Range Resources.
The Business Research Company's "Global Shale Gas Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Shale Gas Market Include:
1. Executive Summary
2. Shale Gas Market Characteristics
3. Shale Gas Market Trends And Strategies
4. Shale Gas Market - Macro Economic Scenario
5. Shale Gas Market Size And Growth
………………
27. Shale Gas Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Shale Gas Market
29. Shale Gas Market Future Outlook and Potential Analysis
30. Appendix
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