Press release
Shale Gas Market Report 2024: Strategies And Recent Developments
Shale Gas Market
The Business Research Company offers in-depth market insights through Shale Gas Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The shale gas market size has grown rapidly in recent years. It will grow from $77.04 billion in 2023 to $88.27 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to energy security concerns, economic benefits, policy and regulatory support, global energy demand.
The shale gas market size is expected to see rapid growth in the next few years. It will grow to $142.53 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to increasing global energy consumption, environmental concerns, infrastructure development, market liberalization. Major trends in the forecast period include innovation and research, technological advancements, infrastructure investments, international collaboration.
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Market Segmentation:
The shale gas market covered in this report is segmented -
1) By Technology: Exploration & Drilling, Fracturing Fluid
2) By Application: Power Generation, Industrial, Residential, Commercial, Transportation
Major Driver - Technological Breakthroughs Propel Shale Gas Industry Growth
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.
Competitive Landscape:
Major companies operating in the shale gas market report are Royal Shell PLC, Exxon Mobil Corporation, PetroChina Company Limited, ConocoPhillips Company, Cabot Oil & Gas Corporation, Antero Resources Corporation, Anadarko Petroleum Corporation, Baker Hughes Incorporation, Equinor ASA, Repsol S. A., China Petroleum & Chemical Corporation (SINOPEC), Range Resources Corporation, Chevron Corporation, Pioneer Natural Resources Company, Reliance Industries Limited, SM Energy, Southwestern Energy, Chesapeake Energy Corporation, Marathon Oil Corporation, Continental Resources Inc., Noble Energy Inc., Encana Corporation, Apache Corporation, Gulfport Energy Corporation, Rice Energy Inc., Whiting Petroleum Corporation, Matador Resources Company, Qep Resources Inc., Devon energy Corporation, EOG Resources Inc.
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Top Trend - Revolutionizing Gas Production The Rise Of Modular Systems
Modular production systems in the gas industry are becoming popular as it's cost-effective, can extract gas within a short period and profitable than conventional methods. A modular system is an integrated field facility with prefabricated equipment, piping, instrumentation and others installed between the well and the pipeline for gas processing applications. This system helps in shortening the project timeline, providing cost-effective fabrication, better quality and improved safety. For instance, PROPAK, is a Canada-based company that specializes in gas production packages using modularized processing plants. SIIRTEC NIGI, an Italy-based engineering and contracting company, utilizes the design and supply of skid-mounted and modular packages for gas processing, Sulphur recovery and others. Honeywell UOP, a company creating modular systems for shale gas retrieval states that modular systems can be ready for a startup in around 10 months whereas conventional stick-built, permanent wells, require 21 months to be startup-ready.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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