Global Shale Gas Market to Hit $105.0 Bn by 2020

Shale Gas Market by Technology (Horizontal Drilling, Hydraulic Fracturing, and Water Usage Issue) for Power Generation, Residential, Industrial, Commercial, Transportation and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2020

Zion Market Research has published a new report titled “Shale Gas Market by Technology (Horizontal Drilling, Hydraulic Fracturing, and Water Usage Issue) for Power Generation, Residential, Industrial, Commercial, Transportation and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2020.” According to the report, the global demand for shale gas was valued at USD 63 billion in 2014 is expected to reach USD 105 billion in 2020, growing at a CAGR of around 9% between 2015 and 2020. In terms of volume, the global shale gas market stood at around 10.0 trillion cubic feet in 2014.

Shale gas is also known as natural gas and it is derived from shales. Shale is fine-grained sedimentary rocks and it is highly loaded resources of petroleum and natural gas. Shale gas is generally obtained from the various shales like are Marcellus, eagle ford, Niobrara, Barnett, and Bakken. It is primarily used as a feedstock for production of ammonia and ethane gas. To extract shale gas from the source rock, the oil and gas industry uses two proven techniques: horizontal drilling and hydraulic fracturing. Hydraulic fracturing involves injecting high-pressure water to crack the source rock and release the natural gas it contains. 99.5% of the injection fluid is a mixture of water and sand, while the rest is a few additives needed to prevent bacterial contamination of the reservoir and make the process more efficient.

Request Sample Report: http://www.marketresearchstore.com/report/shale-gas-market-by-technology-z38366#RequestSample

The major driving factor for shale gas market is rapidly increasing demand across the world. In an attempt to lower down dependence on crude oil as the source of energy, U.S. is highly focused on shale gas. Moreover, government funding coupled with the large investment by many private players is expected to fuel the growth of this industry. However, a high cost of production as compared to any other conventional source of energy is expected to limit the growth of this industry. However, ongoing research & development and an introduction of new technologies in the field of shale gas are expected to bring down the cost of production. A large number of proven reserves for shale gas in North America, Europe, and Asia Pacific is expected to provide future growth opportunity to industry participants.

Horizontal drilling, hydraulic fracturing, and water usage issue are the key technologies involved in the shale gas extraction process. Horizontal drilling and hydraulic fracturing are extensively used for extraction process across the globe. Power generation, residential, industrial, commercial, and transportation are the key applications of shale gas market. Industrial applications segment was the largest segment of global shale gas industry and accounted for more than 30% share of the entire market in 2014. The power generation is the second largest application segment for the global shale gas market. Residential applications segment is also expected to exhibit rapid growth during the forecast period.

Request For Free Price Quotations http://www.marketresearchstore.com/requestquote?reportid=38366

North America dominated the production and consumption of shale gas in 2014. North America accounted for over 75% share in production and consumption of shale gas in 2014. North America. North America is followed by Europe and Asia-Pacific respectively. However, with a commencement of shale gas production in China, a growth of shale gas industry in Asia-Pacific is expected to grow at a robust growth. Latin America and Middle East & Africa are expected to remain the smallest regional market for shale gas during the forecast period.

Some of the key players in the global shale gas market include Baker Hughes Incorporation, Anadarko Petroleum Corporation, BHP Billiton Limited, Devon Energy, EnCana Corporation, ConocoPhillips Co, Royal Dutch Shell plc, ExxonMobil, Chesapeake Energy Corporation, and BP plc.

The report segments the global shale gas market as: Technology Segment Analysis (Horizontal drilling, Hydraulic fracturing, Water usage issue). Application Segment Analysis (Power generation, Residential, Industrial, Commercial, Transportation). Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa)

Browse the full report at http://www.marketresearchstore.com/report/shale-gas-market-by-technology-z38366

About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Joel John
3422 SW 15 Street,Suite #8138
Deerfield Beach, Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com


Contact Details

Company Name: MRS
Issued By: Marti glenn
Phone: +1-386-310-3803
Address: Joel John 3422 SW 15 Street,Suite #8138 Deerfield Beach, Florida 33442 United States
City: Deerfield Beach
State: Florida
Zip: 33442
Country: United States
Website: Visit the website

Keywords : Shale Gas Market,

by Marti glenn (last year!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.