Summary: “World Shale Gas Market” new report to its research database. The report spread across 141 pages with table and figures in it.
World Shale Gas Market by Product, Update Market Trends, Regulations, and Competitive Landscape
Shale gas is natural gas trapped within the shale formation, and is derived from underground shale deposits that are broken up by hydraulic fracturing. The increasing popularity of shale gas in various industries has advocated a growing awareness regarding the benefits of shale gas as an energy resource. Shale gas emits less carbon content compared to coal; therefore, it could be used as a cleaner energy option for many countries that are presently depending on coal and crude oil, as an energy source.
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The significant number of shale reserves all over the globe and the competitive price of shale gas are key factors, which supplements the growth of the shale gas market. However, shale gas is currently been produced only in U.S.A., Canada and China. The hydraulic fracturing method of shale gas extraction could create water scarcity; hence, the governments of some countries like Argentina and France have banned hydraulic fracturing process in some areas of the country. Again, shale gas production is not yet started in Europe, due to the unstructured regulatory framework of many European countries.
In terms of end-users, the world shale gas market is segmented into industrial, power generation, residential, commercial and transportation. In 2015, power generation sector accounted for approximately one-third of the market share, both in terms of revenue and volume. This is mainly due to the abundancy and low carbon footprint of shale gas compared to coal-fired. Industrial sector would be the fastest growing segment at a CAGR of 13.3% during the forecast period. Due to its low price, shale gas is replacing conventional energy sources like coal, nuclear, hydro in many industries like chemical, fertilizer, hydrogel production and others.
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