Press release
Shale Gas Processing Equipment Market Insights, Size, Share, Trends, Segment, Region And Forecast 2024-2033 | Key Players: Pall Corporation, GasTech Engineering Corporation, Cameron International Corporation, Honeywell UOP, Linde Engineering PLC.
Shale Gas Processing Equipment Market Report
The Business Research Company presents an extensive market research report on the Shale Gas Processing Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The shale gas processing equipment market size has grown rapidly in recent years. It will grow from $7.03 billion in 2023 to $8.17 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to growth in the fashion and apparel industry, expansion of home sewing and diy crafting activities, increased disposable income and consumer spending on apparel, demand for industrial sewing machines in manufacturing, emphasis on textile and leather industries, rise in popularity of customized and tailored clothing.
The shale gas processing equipment market size is expected to see rapid growth in the next few years. It will grow to $14.67 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to adoption of computerized and automated sewing machines, expansion of sewing machine markets in emerging economies, research and development in sustainable sewing technologies, need for specialized machines for technical textiles, emphasis on compact and portable sewing machines, growing demand for smart and connected sewing machines. Major trends in the forecast period include computerized and programmable machines, innovations in flare gas management, focus on environmental compliance and emission reduction, electrification of equipment and power generation, advanced separation and filtration technologies, high-efficiency compression and refrigeration systems.
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Key Market Players:
Pall Corporation, GasTech Engineering Corporation, Cameron International Corporation, Honeywell UOP, Linde Engineering PLC., Johnson Controls International, Newpoint Gas LP, Membrane Technology & Research Inc., Van Gas Systems, Schlumberger Limited, Sivalls Inc., ATB Riva Calzoni S.p.A., Koch Industries Inc., Burckhardt Compression AG, Halliburton Company, Exterran Corporation, Van Air Systems, FMC Technologies Inc., National Oilwell Varco Inc., Weatherford International plc, Baker Hughes Company, General Electric Company, TechnipFMC plc, ABB Ltd., Siemens AG, Emerson Electric Co., Rockwell Automation Inc., Schneider Electric SE, Yokogawa Electric Corporation, Mitsubishi Electric Corporation are prominent players in the industry.
Market Drivers:
Growing energy demand is expected to propel the growth of the shale gas processing equipment market going forward. Energy demand refers to the total amount of power or heat consumed by fixed structures on the farm, expressed in kilowatt-hours or kilowatt-hour equivalent, in a given period. Shale gas is having a beneficial impact on supplies and consumer prices for natural, and additional environmental benefit., Natural gas provides a quarter of overall U.S. energy. For instance, in 2021, according to BP, a UK-based oil and gas company, energy demand increased by 5.8% in the year 2021, exceeding 2019 levels by 1.3%. Further, in 2021, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organisation working towards economic development, global energy consumption will increase by 5% in the year 2021, following a 4.5% decline in 2020. Therefore, the growing energy demand is driving the growth of the shale gas processing equipment market.
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https://www.thebusinessresearchcompany.com/report/shale-gas-processing-equipment-global-market-report
Market Segments Include:
1) By Component: Compressors and Pumps, Electrical Machinery, Heat Exchangers, Internal Combustion Engines, Measuring and Controlling Devices, Others Components
2) By Process: Distillation, Pyrolysis, Reheating, Cracking, Chemical Treatment
3) By Application: Pipeline, Natural Gas Processing Plants, LNG or LPG Facilities, Crude by Rail, Other Midstream Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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