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The size of the shale gas market was estimated at USD 57.8 billion in 2022. The market for shale gas is anticipated to increase from USD 61.2 billion in 2023 to USD 96.8 billion by 2030, with a compound annual growth rate (CAGR) of 6.90% over the course of the forecast period (2023 - 2030). The main market factors boosting market growth include rising energy demand, declining conventional petrol supply, rising oil use, and the expansion of sectors dependent on oil.
Because of the increase in energy demand and the depletion of conventional gas reserves, there has been a shift to unconventional natural gas sources such shale gas, tight gas, and coal bed methane. It is projected that more technological advancements in shale drilling will accelerate market expansion. Hydraulic fracturing in conjunction with other drilling techniques like directional drilling and horizontal drilling can be used to extract commercial quantities of shale gas that are trapped deep inside the shale source rock. The market is anticipated to grow rapidly because the United States has significant shale gas resources. New reserves were discovered, which increased shale production. According to the International Energy Association, the United States produced 25.3 trillion cubic feet of dry shale gas in 2019, up from 22.1 trillion cubic feet in 2018.
Shale gas extraction uses a lot of water and generates dangerous pollutants. As a result, environmental concerns have grown, and activists have become more outspoken in their criticism, which is expected to hinder industrial growth. It is projected that technological advancements in deep-water and ultra-deepwater unconventional gas drilling would provide the essential boost to market demand. The market supply chain includes the production, processing, transportation, storage, and distribution of gas to industrial, commercial, and residential customers. However, the COVID-19 outbreak has had a large detrimental impact on the upstream, midstream, and downstream parts of the shale gas supply chain, resulting in a significant supply and demand imbalance.
Methane gas emissions from drilling could harm the environment by producing air pollution. Furthermore, it's possible that incorrect surface water contamination could result from the wrong disposal of the massive quantities of chemically treated water utilised in hydraulic fracturing operations. This has been criticised by environmental NGOs and groups from all over the world. Because of hydraulic fracturing's negative effects on agriculture and public health, local farmers and residents have regularly criticised it. The water supply is put under more stress during fracking operations because a typical fracking well needs between 2 and 10 million gallons of water. This is especially true in locations that are prone to drought. fuelling the market for shale gas's revenue.
Report Coverage
Global Shale Gas research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shale Gas report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shale Gas competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shale Gas market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shale Gas market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shale Gas market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Southwestern Energy Company, EQT Corporation, Equinor ASA, Repsol SA, SINOPEC/Shs, Chesapeake Energy Corporation, Royal Dutch Shell PLC, Exxon Mobil Corporation, Chevron Corporation and PETROCHINA/Shs
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Shale Gas market based on the below-mentioned segments:
Global Shale Gas Market, By Technology
Horizontal Fracking
Vertical Fracking
Rotary Fracking
Global Shale Gas Market, By End User
Residential
Commercial
Industrial
Power generation
Transportation
Global Shale Gas market, Regional Analysis
Because of the increase in energy demand and the depletion of conventional gas reserves, there has been a shift to unconventional natural gas sources such shale gas, tight gas, and coal bed methane. It is projected that more technological advancements in shale drilling will accelerate market expansion. Hydraulic fracturing in conjunction with other drilling techniques like directional drilling and horizontal drilling can be used to extract commercial quantities of shale gas that are trapped deep inside the shale source rock. The market is anticipated to grow rapidly because the United States has significant shale gas resources. New reserves were discovered, which increased shale production. According to the International Energy Association, the United States produced 25.3 trillion cubic feet of dry shale gas in 2019, up from 22.1 trillion cubic feet in 2018.
Shale gas extraction uses a lot of water and generates dangerous pollutants. As a result, environmental concerns have grown, and activists have become more outspoken in their criticism, which is expected to hinder industrial growth. It is projected that technological advancements in deep-water and ultra-deepwater unconventional gas drilling would provide the essential boost to market demand. The market supply chain includes the production, processing, transportation, storage, and distribution of gas to industrial, commercial, and residential customers. However, the COVID-19 outbreak has had a large detrimental impact on the upstream, midstream, and downstream parts of the shale gas supply chain, resulting in a significant supply and demand imbalance.
Methane gas emissions from drilling could harm the environment by producing air pollution. Furthermore, it's possible that incorrect surface water contamination could result from the wrong disposal of the massive quantities of chemically treated water utilised in hydraulic fracturing operations. This has been criticised by environmental NGOs and groups from all over the world. Because of hydraulic fracturing's negative effects on agriculture and public health, local farmers and residents have regularly criticised it. The water supply is put under more stress during fracking operations because a typical fracking well needs between 2 and 10 million gallons of water. This is especially true in locations that are prone to drought. fuelling the market for shale gas's revenue.
Report Coverage
Global Shale Gas research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shale Gas report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shale Gas competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shale Gas market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Southwestern Energy Company, EQT Corporation, Equinor ASA, Repsol SA, SINOPEC/Shs, Chesapeake Energy Corporation, Royal Dutch Shell PLC, Exxon Mobil Corporation, Chevron Corporation and PETROCHINA/Shs |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Shale Gas Market from 2021 to 2030.
- Market Forecast for Shale Gas Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Shale Gas competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Shale Gas
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shale Gas market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shale Gas market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Southwestern Energy Company, EQT Corporation, Equinor ASA, Repsol SA, SINOPEC/Shs, Chesapeake Energy Corporation, Royal Dutch Shell PLC, Exxon Mobil Corporation, Chevron Corporation and PETROCHINA/Shs
Primary Target Market
- Market Players of Shale Gas
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Shale Gas market based on the below-mentioned segments:
Global Shale Gas Market, By Technology
Horizontal Fracking
Vertical Fracking
Rotary Fracking
Global Shale Gas Market, By End User
Residential
Commercial
Industrial
Power generation
Transportation
Global Shale Gas market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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