The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Shale Gas by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Shale Gas Market:
https://www.thebusinessresearchcompany.com/report/shale-gas-global-market-report
According to The Business Research Company’s Shale Gas , 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.
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.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=4029&type=smp
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
Top Major Players:
Royal Shell PLC
Exxon Mobil Corporation
PetroChina Company Limited
ConocoPhillips Company
Cabot Oil & Gas Corporation
Asia-Pacific was the largest region in the shale gas market in 2023.
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 shale gas market report table of contents includes:
1. Executive Summary
2. Shale Gas Market Characteristics
3. Shale Gas Market Trends And Strategies
4. Shale Gas Market – Macro Economic Scenario
5. Global Shale Gas Market Size and Growth
….………..
31. Global Shale Gas Market Competitive Benchmarking
32. Global Shale Gas Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Shale Gas Market
34.Shale Gas Market Future Outlook and Potential Analysis
35.Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
