DUBLIN, Oct. 22, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "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 to their offering.
According to a new market research report titled, "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 AMR 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.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL SHALE GAS MARKET BY TECHNOLOGY
CHAPTER 5 GLOBAL SHALE GAS MARKET BY APPLICATIONS
CHAPTER 6 GLOBAL SHALE GAS MARKET BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
- Anadarko Petroleum Corporation
- BHP Billiton Limited
- BP plc
- Baker Hughes Incorporation
- Chesapeake Energy Corporation
- ConocoPhillips Co.
- Devon Energy
- Encana Corporation
- Royal Dutch Shell plc
For more information visit http://www.researchandmarkets.com/research/g6zrgk/global_shale_gas
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SOURCE Research and Markets