According to the new market research report “Global
Shale Gas Market by Technology, Geography, Applications, Regulations,
Ethylene production, Market Trends & Forecasts (2011- 2021)”
published by MarketsandMarkets, the global shale gas production is
expected to grow from 4,130 billion cubic feet in 2011 to 6,991 billion
cubic feet in 2021 at a CAGR of 5.4% for the same period. North America
being the only region active with commercial production of shale gas
as of year 2010; is expected to remain the largest shale gas market in
terms of production volumes by the year 2021 with a share of 78% due to
technological expertise and availability of resources; followed by
EMEA (13%), Asia Pacific (7%), and ROW (2%). The current exploration
and production activities by major oil and gas companies in Europe and
Asia Pacific indicate the commercialization of shale gas by 2016 in
these regions. The markets representing high growth rate in shale gas
production from 2016 to 2021 are China (6.2%), Poland (6%), France
(5.4%), South Africa (5.1%), and U.S. (5%).
Browse 79 market data tables with 26 figures and 256 pages and in-depth TOC on Global Shale Gas Market by Technology, Geography, Applications, Regulations, Ethylene production, Market Trends & Forecasts (2011- 2021).
http://www.marketsandmarkets.com/Market-Reports/shale-gas-364.html
Early buyers will receive 10% customization of report.
Shale gas is an unconventional natural gas explored from shale rocks or deposits underneath earth through multistage hydraulic fracturing and horizontal drilling. The shale gas reserves are found across the globe in significant volumes of about 16,103 trillion cubic feet as per the shale gas report by IEA.
The major drivers for shale gas market are identified as proved abundance of shale gas resources across the globe, improving supply and distribution infrastructure, decline in natural gas prices, and improvements in drilling technology. The capital intensive nature of shale gas projects and water contamination and usage issues for fracturing requirements hinder shale gas development. The opportunities are cited in probable increase in ethylene volumes through shale gas and new basins discovered in countries like Poland, China, and Australia.
The increasing shale gas production is likely to boost ethylene production by 6.6% by the year 2021. The another challenge of reducing fracturing water requirement from average well consumption of 3.15 million gallons/well can be overcome by water recycling and increasing well productivity. According to research, if well productivity is over 9 BCF/well, water requirement can be reduced by 35% than that required with average well productivity of 5.4 BCF/well.
About MarketsandMarkets
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com
Contact:
Mr. Rohan
7557 Rambler Road,
Suite 727, Dallas, TX 75231
Tel: +1-888-6006-441
Email: sales@marketsandmarkets.com
http://www.marketsandmarkets.com
http://marketsandmarkets.blogspot.com
Browse 79 market data tables with 26 figures and 256 pages and in-depth TOC on Global Shale Gas Market by Technology, Geography, Applications, Regulations, Ethylene production, Market Trends & Forecasts (2011- 2021).
http://www.marketsandmarkets.com/Market-Reports/shale-gas-364.html
Early buyers will receive 10% customization of report.
Shale gas is an unconventional natural gas explored from shale rocks or deposits underneath earth through multistage hydraulic fracturing and horizontal drilling. The shale gas reserves are found across the globe in significant volumes of about 16,103 trillion cubic feet as per the shale gas report by IEA.
The major drivers for shale gas market are identified as proved abundance of shale gas resources across the globe, improving supply and distribution infrastructure, decline in natural gas prices, and improvements in drilling technology. The capital intensive nature of shale gas projects and water contamination and usage issues for fracturing requirements hinder shale gas development. The opportunities are cited in probable increase in ethylene volumes through shale gas and new basins discovered in countries like Poland, China, and Australia.
The increasing shale gas production is likely to boost ethylene production by 6.6% by the year 2021. The another challenge of reducing fracturing water requirement from average well consumption of 3.15 million gallons/well can be overcome by water recycling and increasing well productivity. According to research, if well productivity is over 9 BCF/well, water requirement can be reduced by 35% than that required with average well productivity of 5.4 BCF/well.
About MarketsandMarkets
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com
Contact:
Mr. Rohan
7557 Rambler Road,
Suite 727, Dallas, TX 75231
Tel: +1-888-6006-441
Email: sales@marketsandmarkets.com
http://www.marketsandmarkets.com
http://marketsandmarkets.blogspot.com
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