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Global Shale Gas Market, By Technology Type (Horizontal Drilling, Hydraulic Fracturing, and Water Use), By Application (Industrial, Power Generation, Residential, Commercial, and Transportation), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2030.
Shale Gas Market Overview
The global Shale Gas market is estimated to reach USD 139.5 billion by 2030, with a CAGR of 8.2% during the forecast period 2022-2028. It was valued at USD 68.3 billion in 2022. The increasing development of new and innovative technologies and growing investments by various leading oil and gas companies in new extraction techniques such as horizontal wells and hydraulic fracturing (fracking) techniques are the key factors driving the growth of the global shale gas market during the forecast period. These new techniques have made gas production less expensive and gave access to vast unconventional gas resources, such as shale gas. The rising energy demand, depleting conventional gas reserves, and shale gas development in North America over the last decade have increased the focus of various other developing and developed countries towards shale gas development across the globe.What is Shale Gas?
Shale gas is a natural gas found trapped within sedimentary shale rock formations and extracted by injecting sand, chemicals and water at high pressure. Shale gas has become an increasingly major source of natural gas globally. The two major technologies used in extracting these natural resources from high-pressure collectors are horizontal drilling and hydraulic fracturing (fracking). Shale gas is the largest source of natural gas in the United States and is expected to be a potential energy source for the rest of the world. Shale gas emits less carbon content than coal and has reduced greenhouse gas emissions to the environment.Growth Driver
The increasing popularity of Shale Gas and raising awareness about its benefits as an energy source
Rising energy demand and depleting conventional gas reserves have resulted in a transition towards unconventional natural gas reserves such as shale gas, tight gas, and coal bed methane. An increase in oil consumption, improving supply and distribution infrastructure, and the rising growth in the oil-dependent industries are expected to drive the global shale gas market during the forecast period. Furthermore, increasing technological advancements in shale drilling and improvements in drilling technology of shale gas exploration are further expected to augment market growth in the coming years. The ability to drive production costs down has been a critical factor for the growth of the shale gas industry across the globe. Shale gas production operations generate harmful emissions and require substantial water. This has led to rising environmental concerns and strong opposition from activists, expected to hinder the market growth. In addition, growing technological advancements and the emergence of new fracturing techniques using liquefied propane gas instead of water will increase the demand in the coming years. The market is expected to witness substantial growth due to significant shale gas reserves across the country. The Discovery of new reserves resulted in the growing production of shale. According to the International Energy Association, the U.S. produced 25.3 trillion cubic feet of dry shale gas in 2019 compared to 22.1 trillion cubic feet in 2018.
Source: U.S. Energy Information Administration
Pre-Covid-19 impact on the global Shale Gas market
The increasing investment in the development and extraction of shale gas among developing countries and increasing awareness about shale gas benefits as an energy source has stimulated the growth of the global Shale Gas market during the pre-COVID era. Furthermore, the easy availability of an abundant source of shale gas and high growth in the supply and distribution infrastructure has also boosted the growth of the global shale gas market.Covid-19 impact on the global Shale Gas market
The COVID-19 pandemic has significantly hit the global Shale Gas industry market in 2021 across the globe. The pandemic has severely affected every business segment due to various government norms, such as nationwide lockdown and complete shutdown of oil and gas extraction operations across the globe. Furthermore, the complete shutdown of oil and gas fields has slowed down the demand for Shale Gas. The interruption in the supply chain of raw materials and non-availability of the workforce has halted the upcoming projects in developing and developed countries which have significantly impacted the growth of the Shale Gas market.Post Covid-19 impact on the global Shale Gas market
Reduction in natural gas prices and environmental protection and growing awareness about the benefits of natural gas, technological advancement, and innovations associated with shale gas extraction is expected to drive the growth of the global shale gas market during the forecast period. Furthermore, due to the increasing presence of shale gas reserves, various leading industry players are investing heavily in leading-edge technologies and process innovation in both the upstream and downstream segments, which will further increase the growth of the global shale gas market in the coming years.Application Segmental Analysis
Based on the Application, the global Shale Gas market is segregated into Industrial, Power Generation, Residential, Commercial, and Transportation. The Power segment is expected to have a significant market share during the forecast period. This growth is attributable to the shifting trend of coal to gas switching in power plants due to its cleaner combustion quality compared to other fossil fuels. In addition, the industrial sector is expected to witness significant growth in the global shale gas market in the coming years. Shale gas has low prices and is increasingly replacing conventional energy sources such as coal, nuclear, hydro among various end-user industries, including chemical, fertilizer, hydrogel production, and others.Region Segmental Analysis
The Shale Gas market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North American region is expected to dominate the Shale Gas Market and continue this growth rate during the forecast period, 2022-2030. This growth is attributable to the increasing adoption of advanced technologies and shale gas reserves among various countries like the U.S. and Canada. The U.S. has become a net exporter of natural gas compared to the net importer status before increasing shale gas development. Major players in the U.S. are heavily investing in unconventional development as it is a reliable option to minimize carbon footprint. Canada provides long-term prospects for natural gas supply across North America owing to the development of well completion techniques such as multistage hydraulic fracturing and drilling techniques such as long-reach horizontal wellbores. Furthermore, the European and Asia Pacific region is expected to witness significant growth in the global Shale Gas market in the coming years. The expanding size of the oil and gas industry and ongoing investments in shale gas extraction among various countries, such as o, Poland, Russia, China, India, and Australia.Competitor Analysis
Companies include Baker Hughes Inc., Beach Energy Ltd, Bank Petroleum Inc., Royal Dutch Shell PLC, LNG Energy Ltd., Petro China Company Limited, Chesapeake Energy Corp, Chevron Corporation, Southwestern Energy Company, Exxon Mobil Corporation, Quicksilver Resources Inc., Petrohawk Energy Corp, Marathon Oil Corp, and other prominent players are the key players in the Shale Gas market. Key Stakeholders- Market research and consulting firms
- Industry associations
- Global Shale Gas manufacturing firm
- Local Governments
- Regulatory bodies
- Suppliers
- Retailers
Scope of the Report
| Report Attribute | Details |
|---|---|
| Revenue in 2021 | USD 98.3 Billion |
| The revenue forecast in 2028 | USD 139.5 Billion |
| Growth Rate | 8.2% |
| Historical data | 2017 – 2020 |
| Forecast period | 2022 – 2028 |
| Segment Covered | By Technology Type, By Application |
| Region covered | America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | Baker Hughes Inc., Beach Energy Ltd, Bnk Petroleum Inc., Royal Dutch Shell PLC, LNG Energy Ltd., Petro China Company Limited, Chesapeake Energy Corp, Chevron Corporation, Southwestern Energy Company, Exxon Mobil Corporation, Quicksilver Resources Inc., Petrohawk Energy Corp, Marathon Oil Corp, and Other prominent players |
Market Modelling
By Technology Type- Horizontal Drilling
- Hydraulic Fracturing
- Water Use
- Industrial
- Power Generation
- Residential
- Commercial
- Transportation
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
4.11. Covid-19 Impact on Global Shale Gas Market
- Global Shale Gas Market Overview
5.1. Market Size & Forecast,2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Technology
5.2.1.1. Horizontal Drilling
5.2.1.2. Hydraulic Fracturing
5.2.1.3. Water Use
5.2.2. By Application
5.2.2.1. Industrial
5.2.2.2. Power Generation
5.2.2.3. Residential
5.2.2.4. Commercial
5.2.2.5. Transportation
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia-Pacific
5.2.3.4. South America
5.2.3.5. The Middle East & Africa
- North America Shale Gas Market Overview
6.1. North America Shale Gas Market Size & Forecast,2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. Market Share & Forecast, 2017-2030
6.2.1. By Technology
6.2.1.1. Horizontal Drilling
6.2.1.2. Hydraulic Fracturing
6.2.1.3. Water Use
6.2.2. By Application
6.2.2.1. Industrial
6.2.2.2. Power Generation
6.2.2.3. Residential
6.2.2.4. Commercial
6.2.2.5. Transportation
6.2.3. By Country
6.2.3.1. US
6.2.3.2. Canada
6.2.3.3. Mexico
6.2.4. Company Market Share (Top 3-5)
6.2.5. Economic Impact study on North America Shale Gas Market
- Europe Shale Gas Market Overview
7.1. Europe Shale Gas Market Size & Forecast,2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Market Share & Forecast, 2017-2030
7.2.1. By Technology
7.2.1.1. Horizontal Drilling
7.2.1.2. Hydraulic Fracturing
7.2.1.3. Water Use
7.2.2. By Application
7.2.2.1. Industrial
7.2.2.2. Power Generation
7.2.2.3. Residential
7.2.2.4. Commercial
7.2.2.5. Transportation
7.2.3. By Country
7.2.3.1. Germany
7.2.3.2. UK
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Rest of Europe
7.2.4. Company Market Share (Top 3-5)
7.2.5. Economic Impact study on Europe Shale Gas Market
- Asia-Pacific Shale Gas Market Overview
8.1. Asia-Pacific Shale Gas Market Size & Forecast,2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Market Share & Forecast, 2017-2030
8.2.1. By Technology
8.2.1.1. Horizontal Drilling
8.2.1.2. Hydraulic Fracturing
8.2.1.3. Water Use
8.2.2. By Application
8.2.2.1. Industrial
8.2.2.2. Power Generation
8.2.2.3. Residential
8.2.2.4. Commercial
8.2.2.5. Transportation
8.2.3. By Country
8.2.3.1. India
8.2.3.2. Japan
8.2.3.3. Australia
8.2.3.4. Rest of Asia Pacific
8.2.4. Company Market Share (Top 3-5)
8.2.5. Economic Impact study on Asia-Pacific Shale Gas Market
- South America Shale Gas Market Overview
9.1. South America Shale Gas Market Size & Forecast,2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. Market Share & Forecast, 2017-2030
9.2.1. By Technology
9.2.1.1. Horizontal Drilling
9.2.1.2. Hydraulic Fracturing
9.2.1.3. Water Use
9.2.2. By Application
9.2.2.1. Industrial
9.2.2.2. Power Generation
9.2.2.3. Residential
9.2.2.4. Commercial
9.2.2.5. Transportation
9.2.3. By Country
9.2.3.1. Brazil
9.2.3.2. Argentina
9.2.3.3. Rest of South America
9.2.4. Company Market Share (Top 3-5)
9.2.5. Economic Impact study on South America Shale Gas Market
- The Middle East & Africa Shale Gas Market Overview
10.1. The Middle East & Africa Shale Gas Market Size & Forecast,2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. Market Share & Forecast, 2017-2030
10.2.1. By Technology
10.2.1.1. Horizontal Drilling
10.2.1.2. Hydraulic Fracturing
10.2.1.3. Water Use
10.2.2. By Application
10.2.2.1. Industrial
10.2.2.2. Power Generation
10.2.2.3. Residential
10.2.2.4. Commercial
10.2.2.5. Transportation
10.2.3. By Country
10.2.3.1. Saudi Arabia
10.2.3.2. UAE
10.2.3.3. South Africa
10.2.3.4. Rest of the Middle East & Africa
10.2.4. Company Market Share (Top 3-5)
10.2.5. Economic Impact study on The Middle East & Africa Shale Gas Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Baker Hughes Inc.
11.7.2. Beach Energy Ltd
11.7.3. Bnk Petroleum Inc.
11.7.4. Royal Dutch Shell PLC
11.7.5. LNG Energy Ltd.
11.7.6. Petro China Company Limited
11.7.7. Chesapeake Energy Corp
11.7.8. Chevron Corporation
11.7.9. Southwestern Energy Company
11.7.10. Exxon Mobil Corporation
11.7.11. Quicksilver Resources Inc.
11.7.12. Petrohawk Energy Corp
11.7.13. Marathon Oil Corp
11.7.14. Other prominent players
Frequently Asked Questions (FAQ):
Shale gas is a natural gas found trapped within sedimentary shale rock formations and extracted by injecting sand, chemicals and water at high pressure.
The global Shale Gas market is estimated to reach USD 139.5 billion by 2030, with a CAGR of 8.2% during the forecast period 2022-2028. It was valued at USD 68.3 billion in 2022..
The increasing development of new and innovative technologies and growing investments by various leading oil and gas companies in new extraction techniques such as horizontal wells and hydraulic fracturing (fracking) techniques are the key factors driving the growth of the global shale gas market during the forecast period.
The North American region is expected to dominate the Shale Gas Market and continue this growth rate, followed by Europe and the Asia Pacific forecast, 2022-2030.
Companies include Baker Hughes Inc., Beach Energy Ltd, Bnk Petroleum Inc., Royal Dutch Shell PLC, LNG Energy Ltd., Petro China Company Limited, Chesapeake Energy Corp, Chevron Corporation, Southwestern Energy Company, Exxon Mobil Corporation, Quicksilver Resources Inc., Petrohawk Energy Corp, Marathon Oil Corp, and other prominent players are the key players in the Shale Gas market.
