Global Shale Gas Market (Technology,
Application and Geography) - Industry Analysis, Trends, Share, Opportunities
and Forecast, 2013 - 2020 the global shale gas market is forecast to reach
$104.1 billion by 2020, registering a CAGR of 9.3% during the forecast period
(2014 - 2020). The corresponding volume consumption will reach 19,619.4 bcf in
the same year. The advent of hydraulic fracturing and horizontal drilling
techniques has nearly doubled the efficiency of shale gas retrieval from plays,
revolutionizing the shale gas market. China is a major Asian country to propel
the demand aided by insatiable energy needs and increasing dependence on
natural gas.
"Shale gas, as potent alternative
source of natural gas, is expected to shake up the global energy market in the
coming years. The availability of large number of shale plays, which is
estimated at 6,148 tcf in total, is presenting opportunity for marketer",
state Publisher analysts Apurva Sale and Guru Mallick. "Technological advancements
vis-à-vis the exploration and extraction of shale gas are enabling corporations
to gain strategically advantageous positions in the competitive market",
add the analysts. Though the large number of shale gas reserves are available
across the world, (North America 1685 tcf, South America 1430 tcf, Europe 470
tcf, Middle East and Africa 1393 tcf, and Asia-Pacific 1170 tcf), exploration
and extraction still remains the major challenge in most of the regions due to
high extraction cost and large amount water usage in conventional processes.
The technological trend such as hydraulic fracturing and horizontal drilling
for the extraction of the shale gas are contributing to the rise in the
production of shale gas in various geographies. As shale plays are available in
abundance and almost equally across the regions, the mass production will lower
dependence on fossil fuel reserves which is available only in specific region.
More energy independence with shale gas adoption will eventually lead to better
economic stability of the country.Despite the latent commercial potential, the
regulatory issues in various regions would impede market growth. According to
UK government, fracking would be impractical in the parts of UK due to the
scarcity of the water supplies. Amidst, various European countries such as
Poland, United Kingdom, and Algeria would start the production of shale gas in
next two to three years with the help of advance extraction technology.
Shale Gas has a wide ranging application
in power generation, industrial usage, residential and commercial utility and
usage in transportation. The power generation sector would benefit the most
from the adoption of shale gas as it would be a cost-effective alternative that
ensures reduced electricity costs.
The worldwide adoption of shale gas as
an energy resource would undoubtedly benefit every region. The usage of
unconventional energy resource is an upcoming trend in the energy industry. A
substantial number of shale reserves in countries such as China, Argentina and
Algeria would act as a golden opportunity for companies to enter the shale gas
market. The Asia Pacific region appears especially attractive due to the up
gradation of technology for the extraction of shale gas and the significant
number of shale reserves. In-spite large availability of shale reserves in the
European countries the production and adoption would be at lower side due to
stringent regulatory hurdles.
Key players such as Baker Hughes
Incorporation, Anadarko Petroleum Corporation, BHP Billiton Limited, Royal
Dutch Shell, ConcoPhillips, ExxonMobil & Chesapeake Energy Corporation and
the developmental strategies adopted by them have been carefully examined.
Acquisitions, expansions, partnerships, collaborations and joint ventures are
some major strategies adopted by market players in order to sustain in the
competitive market.
Spanning
over 140 pages, “Global Shale Gas Market
(Technology, Application and Geography) - Size, Share, Global Trends, Company
Profiles, Demand, Insights, Analysis, Research, Report, Opportunities,
Segmentation and Forecast, 2013 - 2020” report covering the Introduction,
Executive Summary, Market Overview, Global Shale Gas Market By Technology,
Global Shale Gas Market By Applications, Global Shale Gas Market By Geography,
Company Profiles. The report covered companies are - Baker Hughes
Incorporation, Anadarko Petroleum Corporation, BHP Billiton Limited, Devon
Energy, Encana Corporation, ConocoPhillips Co., Royal Dutch Shell plc,
ExxonMobil, Chesapeake Energy Corporation, BP plc
Know more about this report
at
– http://mrr.cm/Zz6
Find
all Energy and Utilities Reports at: http://www.marketresearchreports.com/energy-utilities
No comments:
Post a Comment