Shale Gas Processing Equipment Market: Major Trends Reshaping the Future of the Industry

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What Will the Shale Gas Processing Equipment Industry Market Size Be by 2025?
In the past few years, the market size of shale gas processing equipment has grown substantially. The size of this market is expected to increase from $8.12 billion in 2024 to $9.29 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.4%. The historical growth is a result of factors like expansion in the retail fashion and apparel industry, growth in home-based sewing and DIY craft activities, higher disposable income and increased expenditure on clothing by consumers, heightened demand for industrial sewing machines in the manufacturing sector, focus on textile and leather industries, and a rising trend of custom-made and tailor-fit clothing.

What's the Long-Term Growth Forecast for the Shale Gas Processing Equipment Market Size Through 2029?
In the coming years, the shale gas processing equipment market is projected to experience swift expansion, reaching $16.42 billion in 2029 with a compound annual growth rate (CAGR) of 15.3%. This projected increase over the forecast period is due to factors such as the adoption of automated and computerized sewing machines, the broadening of sewing machine markets in emerging economies, advancements in environmentally-friendly sewing technologies, the requirement for specialized devices for technical textiles, and an emphasis on compact and mobile sewing machines. Additionally, the burgeoning demand for smart and internet-enabled sewing machines is also a significant factor. The forecast period is set to see trends such as programmable and computerized tools, advances in flare gas management, a concentration on reducing emissions and complying with environmental regulations, electrifying equipment and power generation, advanced filtering and separation technologies, and efficient compression and refrigeration systems.

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What Are the Key Growth Drivers Fueling the Shale Gas Processing Equipment Market Expansion?
The escalating need for energy is anticipated to fuel the expansion of the shale gas processing equipment market. The total power or heat usage by permanent structures on a farm, measured in kilowatt-hours or kilowatt-hour equivalents over a specific timeframe, is what energy demand entails. Shale gas positively impacts supply levels and consumer pricing while offering additional environmental advantages. Natural gas contributes to a quarter of total U.S. energy. For example, the International Energy Agency, a France-based independent international organization providing insight and data about the global energy sector reported in February 2023 that global electricity demand surged by nearly 2% in 2022. The United States witnessed a significant 2.6% year-on-year rise. Going forward, from 2023 to 2025, this demand is forecasted to increase at a considerably accelerated rate of 3% annually, exceeding the growth rate recorded in 2022. Hence, the escalating energy demand is a significant factor contributing to the growth of the shale gas processing equipment market.

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Which Emerging Trends Are Transforming the Shale Gas Processing Equipment Market in 2025?
In the shale gas processing equipment market, a key trend that is becoming increasingly popular is product innovations. This is particularly true for major companies in this market, who are striving to create innovative products to solidify their industry standing. For example, in July 2023, ABB Ltd., an automation company based in Sweden, introduced a new I/O (input/output) series called the ABB XIO series. This was created specifically to cater to the digital demands of the oil and gas sector. This series aims to improve the monitoring, management, and control of oil and gas flow applications through the use of Ethernet-to-Serial passthrough applications. This in turn allows for real-time monitoring and control, as well as enhancing the availability and integrity of data.

How Is the Shale Gas Processing Equipment Market Segmented?
The shale gas processing equipmentmarket covered in this report is segmented -

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

Subsegments:
1) By Compressors and Pumps: Centrifugal Compressors, Reciprocating Compressors, Positive Displacement Pumps, Diaphragm Pumps
2) By Electrical Machinery: Electric Motors, Generators, Transformers, Switchgear
3) By Heat Exchangers: Shell and Tube Heat Exchangers, Plate Heat Exchangers, Air-Cooled Heat Exchangers, Double-Pipe Heat Exchangers
4) By Internal Combustion Engines: Gas Engines, Diesel Engines, Dual-Fuel Engines
5) By Measuring and Controlling Devices: Flow Meters, Pressure Gauges, Temperature Sensors, Control Valves
6) By Other Components: Storage Tanks, Filtration Systems, Piping and Valves, Separation Equipment

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Which Companies Are Leading the Charge in Shale Gas Processing Equipment Market Innovation?
Major companies operating in the shale gas processing equipment market include Pall Corporation, GasTech Engineering Corporation, Cameron International Corporation, Honeywell UOP, Linde Engineering PLC., 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

Which Regions Are Leading the Global Shale Gas Processing Equipment Market in Revenue?
North America was the largest region in the shale gas processing equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shale gas processing equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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