Shale Gas Market to Grow at 8.5% CAGR by 2027
" COVID-19 Impact on Shale Gas Market, size, share, growth, industry analysis, and forecast 2021-2027 "
Shale gas is an unconventional natural gas, which majorly consists of methane, ethane, and propane. This natural gas is observed in shale rocks, some of which were created during a Silurian period of Earth’s history. Shale gas is commonly known to be a dry gas which means that it is basically methane in it but not much else. Even though some formations do make wet gas, that means in addition to methane, the gas consists of compounds such as ethane and butane.
Increasing demand for energy, diminishing conventional gas reserves, and rising inclination towards unconventional natural gas reserves, such as shale gas, are the prominent factors driving the growth of the shale gas market. In addition to this, the major rise in the number of shale reserves worldwide and the growing trend of using shale gas as an energy resource in several industries, including power generation, residential, industrial, commercial, and transportation, is accelerating the growth of the market.
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Furthermore, shale gas is likely to drive natural gas liquids & ethylene production. New shale gas reserves are discovered in Europe & Asia Pacific regions, providing opportunities for market growth.
The Shale Gas Market research report titled “Shale Gas Market by Technology, Application, and Geography – Global Forecast up to 2027.”
The top-notch companies of the shale gas market are Polskie Gornictwo Naftowe I Gazownictwo SA, Marathon Oil Corp, Baker Hughes Inc., Beach Energy Ltd, and Bnk Petroleum Inc.
Owing to the swift economic development, growing awareness regarding utilization of minimum emission natural gas in power generation, rising number of power plants, and the huge demand for power from residential and industrial sectors are the factors contributing to the dominance of the North America region market.
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The report consists of 74 Tables and 44 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Shale Gas Market on the basis of Technology
- Exploration & Drilling
- Fracturing Fluid
Shale Gas Market on the basis of Application
- Power Generation
Shale Gas Market on the basis of Geography
- North America
- Asia Pacific
- Rest of the World