Global Shale Gas Market by Application (Power Generation, Residential, Commercial, Industrial, Transportation) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global shale gas market was worth USD 68.3 Billion in 2019. It is expected to grow at an 8.5% compound annual growth rate (CAGR), between 2020 and 2027. In response to rising energy demand and depleting conventional gas reserves, there has been a shift towards unconventional natural gases such as shale gas, tight, and coalbed methane.

Market growth is expected to be further boosted by technological advances in shale drill technology. Horizontal drilling and directional drilling are two methods that can be used to extract the gas from deep within the shale rock.

The U.S. market is expected to experience significant growth due to its large shale gas resources. The discovery of new reserves has led to a growing production of shale. The International Energy Association reports that the United States produced 25.3 trillion cubic yards of dry shale gas in 2019, compared with 22.1 trillion cubic meters in 2018.

Shale gas production generates toxic emissions and requires significant amounts of water. This has resulted in rising environmental concerns and strong opposition by activists, which is expected hinder market growth. Industry demand will be stimulated by technological advancements in non-conventional gas drilling deep and ultra-deepwater.

Market supply chains include production, processing, gas transmission, storage, distribution, and delivery to large volume customers, commercial clients, and residential customers. The COVID-19 pandemic, which has impacted the downstream, midstream and upstream segments of the shale-gas supply chain, has created a significant gap in the supply/demand balance.

Application Insights

In 2019, the power generation segment was responsible for 36.0% of all revenue. Market growth will be influenced by the increasing trend in coal to gas switching at power plants. The government is aiming to increase the amount of shale gas included in its energy mix. Because of its cleaner combustion quality, power generation is the most sought-after fuel on international markets.

The industrial segment will be driven by shale gas conversion to value-added outputs over the forecast period. Opportunities to make use of this rich resource to increase industrial output in almost all shale gas-rich countries would lead to higher-value products that can be exported more easily than primary energy commodities. Natural gas is a necessary feedstock for the production of chemical and fertilizer products, as well as many other commodities.

The majority of natural gas used in residential areas is used for water heating and space heating. Over the forecast period, the market for shale gas is expected to grow exponentially due to a growing network of natural gas pipes that provide direct supply to homes. In addition, the fastest growth in the transportation sector's usage of NG is expected to occur over the next seven year.

Regional Insights

North America was the country with the highest revenue share, exceeding 61.0% in 2019, and it is expected to maintain its dominance for the forecast period. Due to hydraulic fracturing and horizontal drilling, the U.S. has been a major contributor to regional growth. This is because of the drilling of ultra-hard shale deep below ground reserves.

The International Trade Center reported that the United States ranked first in the global rankings of gas producers for 2018. This was due to increased exploration and production. As a result, the U.S. has become a net exporter of natural gases as opposed to its net importer status before shale gas development. Because unconventional development is reliable and can reduce carbon footprint, major players in the U.S. invest heavily in it.

Canada offers long-term prospects of natural gas supply throughout North America. This is due to the advancement of well completion techniques like multistage hydraulic fracture and drilling techniques like long-reach horizontal drills. Canada has many locations that contain shale gas resources, including British Columbia and Saskatchewan, Alberta, New Brunswick, Manitoba. Nova Scotia, Quebec, Nova Scotia, Manitoba, Saskatchewan, British Columbia, Saskatchewan, Alberta, Manitoba, Nova Scotia, Nova Scotia, Terres, and British Columbia.

China is home to the most technically recoverable resources worldwide. China's government has established production targets. These production targets have attracted significant investments from around the globe and offer lucrative opportunities for the major market players to explore and extract unconventional gas in China.

Market Share Insights & Key Companies

This market is highly competitive and is dominated worldwide by large international oil and gas conglomerates, which have a significant presence throughout the value chain. The industry players will likely shift their focus to China's undeveloped resources. The market is made up of companies that deal with alternative energy and O&G firms.

Vendors have been investing heavily in R&D to develop efficient drilling techniques that reduce the cost of exploration as well as production. Vendors will be able to increase their market share and grow over the forecast period by taking strategic initiatives such as these. The following are some of the major players in the shale-gas market:

• Royal Dutch Shell PLC

• ConocoPhillips

• PetroChina Company Limited

• Exxon Mobil Corporation

• Chevron Corporation

• Chesapeake Energy Corporation.

Up Market Research published a new report titled “Shale Gas Market research report which is segmented by Application (Power Generation, Residential, Commercial, Industrial, Transportation), By Players/Companies Royal Dutch Shell PLC, Exxon Mobil Corporation, Chesapeake Energy Corporation, ConocoPhillips, PetroChina Company Limited, Chevron Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Shale Gas Market Report Segments:

The market is segmented by Application (Power Generation, Residential, Commercial, Industrial, Transportation).

Shale Gas Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Shale Gas Market

Overview of the regional outlook of the Shale Gas Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Shale Gas Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Shale Gas Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Power Generation

                2. Residential

                3. Commercial

                4. Industrial

                5. Transportation

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Shale Gas Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Shale Gas Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.