Owing to its low price compared to other fossil fuels, the market is anticipated to replace conventional sources such as coal, nuclear and hydro especially in chemical, fertilizer and hydrogel production industries.Global conventional energy reserves are not able to fulfill the demand owing to developing per capita consumption of energy in developing countries majorly in Asia-Pacific.
Till now, shale gas production is limited to North America such as Canada and U.S.
Foreign investors also have recently ventured the market along with entering into various mergers and acquisitions with companies to utilize the potential in this region.The key factors driving the market are anticipated to be the abundance of shale gas globally however yet not matured reserves in several locations such as India and Indonesia, improved supply and distribution network, enhanced drilling technology and decline in prices of conventional energy sources.However, the involvement of higher capital investment for shale gas exploration and production, and other issues such as water contamination on hydraulic fracturing are expected to restrain the industry growth over the forecast period.
Also, other environmental issues such as methane release owing to hydraulic drilling and public opposition have hindered the market mostly in the European countries such as Poland and France.Also, various energy and government agencies globally have initiated many programs for developing and producing shale gas.
Industries in Canada and U.S. are slowly shifting their focus towards the utilization of shale gas replacing the conventional gases.
This will develop transportation to be the fastest growing application with a projected at a CAGR of 10.8% from 2014 to 2020.The commercial application of the market is also expected to grow at CAGR of around 5.3% from 2014 to 2020 to reach approximately USD 10 billion by 2020.Regional Insights:In the present industry scenario, Canada and U.S. are the major producers of shale gas.
The global Shale Gas Processing Equipment Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the shale gas processing equipment market include Camaron, Honeywell UOP, GasTech Engineering Corporation, Linde Engineering, Pall Corporation, Johnson Controls, Newpoint Gas LP, Membrane Technology & Research, Exterran, Van Gas System.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Shale Gas Processing Equipment Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/shale-gas-processing-equipment-market/download-sampleMarket DynamicsThe increasing shale gas exploration and production activities and growing demand for shale gas across the globe are the key factors driving the shale gas processing equipment market.
The various properties, such as higher calorific value and lower carbon emissions than other conventional energy sources such as petroleum & coal, are expected to further drive the market.
Nonetheless, an abundance of domestic shale gas reserves in many countries is leading to rising commercial production of shale gas, which will result in an elevated growth rate for the market in the coming years.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
