Florida News Reporter

Shale Gas Market To Witness Enhanced Growth Owing To Rising Demand For Unconventional Energy Sources Till 2020 | Million Insights

Shale Gas Market To Witness Enhanced Growth Owing To Rising Demand For Unconventional Energy Sources Till 2020 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, The key factors driving the market are anticipated to be the abundance of shale gas globally however yet not matured reserves in several locations such as India and Indonesia, improved supply and distribution network, enhanced drilling technology and decline in prices of conventional energy sources.

Market Insight:

The increasing need for energy and diminishing conventional gas reserves, the demand for unconventional sources such as CBM, shale gas, gas hydrates and tight gas has experienced a significant leap in the past decade. Shale gas is the form of natural gas derived from underground shale deposits through hydraulic fracturing and horizontal drilling.

Shale gas is one of the popular conventional energy sources as it emits less carbon compared to other fossil fuels such as coal and hence, and hence is expected to become the major fuel replacing coal and other fossil fuels provided its production increases in the near future.

Regarding end-users, shale gas market is segmented into industrial, commercial, power generation, transportation, and residential. Owing to its low price compared to other fossil fuels, the market is anticipated to replace conventional sources such as coal, nuclear and hydro especially in chemical, fertilizer and hydrogel production industries.

Global conventional energy reserves are not able to fulfill the demand owing to developing per capita consumption of energy in developing countries majorly in Asia-Pacific. Till now, shale gas production is limited to North America such as Canada and U.S. In Asia Pacific region production started in 2015 as large shale gas reserves have been discovered. Foreign investors also have recently ventured the market along with entering into various mergers and acquisitions with companies to utilize the potential in this region.

Full Research Report On Global Shale Gas Market Analysis available @ https://www.millioninsights.com/industry-reports/shale-gas-market

The key factors driving the market are anticipated to be the abundance of shale gas globally however yet not matured reserves in several locations such as India and Indonesia, improved supply and distribution network, enhanced drilling technology and decline in prices of conventional energy sources.

However, the involvement of higher capital investment for shale gas exploration and production, and other issues such as water contamination on hydraulic fracturing are expected to restrain the industry growth over the forecast period. Also, other environmental issues such as methane release owing to hydraulic drilling and public opposition have hindered the market mostly in the European countries such as Poland and France.

Also, various energy and government agencies globally have initiated many programs for developing and producing shale gas. Some of these agencies are Energy Information Administration (EIA) U.S., Gas Shale in Europe (GASH), German Research Centre for Geosciences (GFZ). Recently, countries such as China, Poland, Jordan and India have participated in the initiative program.

Request for Free Sample Copy @ https://www.millioninsights.com/industry-reports/shale-gas-market/request-sample

Application Insights:

Industrial, residential, commercial, transportation and power generation are the key application sectors. In 2013, power generation was the major application segment accounted for more than 30% of total volume of shale gas produced. The main factors driving product demand in this segment is the abundance and low carbon footprint of shale gas over coal and crude oil.

Environmental concerns and regulatory support for the use of conventional sources of energy is yet another factor to drive shale gas demand in this power generation industry. Industries in Canada and U.S. are slowly shifting their focus towards the utilization of shale gas replacing the conventional gases. Growing demand against LPG and CNG as the alternative transportation fuel is another important reason responsible for its increase in consumption in the past few years and this trend is expected to continue over the forecast period. This will develop transportation to be the fastest growing application with a projected at a CAGR of 10.8% from 2014 to 2020.

The commercial application of the market is also expected to grow at CAGR of around 5.3% from 2014 to 2020 to reach approximately USD 10 billion by 2020.

Regional Insights:

In the present industry scenario, Canada and U.S. are the major producers of shale gas. These two countries produced almost 92% of the total volume in 2013. Earlier to shale gas, U.S. was the largest importer of natural gas. Later on, owing to rapid production and exploration activities, U.S. emerged as the major exporter for the market followed by Canada estimated over 8.2% of the gas extracted in 2013.

China accounted 30 million cbf output by 2012 and increased its production to 200 million cbf till 2013. As per estimates, China has a huge amount of shale gas reservoirs and discovers great market potential. The Chinese government is also supporting tax leverage and financial benefits to the shale gas companies.

APAC is anticipated to be the emerging market with a CAGR of over 66% from 2015 to 2020. Europe in more than 14 countries including Germany, Poland and France is also is also anticipated to increase production of shale gas over the forecast period owing to the abundant availability of reserves which are in the initial maturity stage.

Competitive Insights:

Global shale market is being dominated by top gas & oil producing multinationals spread through the value chain creating the market highly competitive. Key market players have already entered into various acquisitions, collaborations, joint ventures and partnerships to sustain the competitive market.

Some of the market leaders are Anadarko Petroleum Corporation, BHP Billiton, Exxon Mobil Corporation, Royal Dutch Shell, Reliance Industries Limited, Cabot Oil & Gas, SM Energy, and Talisman Energy Inc. among some other companies.

Market Segment:

Global Shale Gas Application Outlook (Volume, Bcf; Revenue, USD billion)
• Industrial
• Power Generation
• Residential
• Commercial
• Transportation

Shale Gas Regional Outlook
• North America
• U.S.
• Canada
• Asia Pacific

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/energy-storage

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information: www.millioninsights.com 

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/shale-gas-market

Calendar

September 2017
M T W T F S S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930