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The global unconventional gas market has the potential to grow by USD 41.76 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (APAC, EMEA, and the Americas), type (shale gas, tight gas, and coalbed methane), and end-users (power generation, residential and commercial, industrial, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Santos Ltd., Saudi Arabian Oil Co., and YPF SA.
Browse TOC and LoE with selected illustrations and example pages of the unconventional gas market
The market is currently fragmented, and the degree of fragmentation will remain the same during the forecast period. Market vendors are focusing on incorporating various technological advances for improving efficiency and optimizing the output of equipment, which will support unconventional gas production using the hydraulic fracturing process. BP Plc, Chevron Corp., and ConocoPhillips Co. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities to vendors, the growing adoption of renewable energy will challenge the growth of many. To increase their unconventional gas market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this unconventional gas market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this unconventional gas market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading unconventional gas companies, including:
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The Americas was the largest market for unconventional gas in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. Factors such as the presence of abundant shale reserves and technological advances are contributing to the unconventional gas market growth in this region.
Over 87% of the market’s growth will originate from the Americas during the forecast period. The US and Canada are the key markets for unconventional gas in the Americas. Market growth in this region will be faster than the growth of the market in EMEA.
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The combination of hydraulic fracturing and horizontal drilling technologies has made the production of natural gas from shale formations more economical. The rising demand for natural gas and increasing investments in E&P activities of shale gas are expected to fuel the growth of the unconventional gas market by the shale gas segment.
Market growth by the shale gas segment will be faster than the growth of the market by the tight gas and coalbed methane segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the unconventional gas market size.
The abundance of unconventional gas resources has been identified as one of the significant factors that will drive the growth of the unconventional gas market over the forecast period. With depleting conventional oil and gas resources, the need for exploring unconventional energy sources such as shale and tight formations and oil sands has increased. Unconventional resources are present in abundance across several countries, including the US, Canada, China, and Argentina. Several techniques are being employed to improve the production rate from such unconventional gas resources. The US is leveraging various technological advances to boost its shale and tight gas production. Although other countries, such as China, have not been able to use their unconventional resources completely, increasing investments in R&D and rising number of subsidies will boost the production of unconventional gas from these countries in the coming years. The increasing production output and the availability of abundant unconventional gas resources are a few of the factors fueling the growth of the market.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: EXPLORE TECHNAVIO
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