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Shale Gas Global Market Report 2024

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    Report

  • 200 Pages
  • January 2024
  • Region: Global
  • The Business Research Company
  • ID: 5767027
Shale gas refers to natural gas trapped within shale formations, which are fine-grained sedimentary rocks. This type of natural gas is utilized for various purposes, including electricity generation, as well as domestic heating and cooking.

The main technologies employed in extracting shale gas are exploration and drilling, along with the use of fracturing fluid. Shale gas finds applications in a range of sectors, including power generation, industrial processes, residential use, commercial applications, and transportation.

The shale gas market research report is one of a series of new reports that provides shale gas market statistics, including shale gas industry global market size, regional shares, competitors with a shale gas market share, detailed shale gas market segments, market trends and opportunities, and any further data you may need to thrive in the shale gas industry. This shale gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The shale gas market size has grown rapidly in recent years. It will grow from $77.04 billion in 2023 to $88.27 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth observed in the historical period can be attributed to energy security concerns, economic benefits, policy and regulatory support, and the global demand for energy.

The shale gas market size is expected to see rapid growth in the next few years. It will grow to $142.53 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The anticipated growth in the forecast period can be attributed to increasing global energy consumption, growing environmental concerns, infrastructure development, and market liberalization. Key trends expected in the forecast period include a focus on innovation and research, technological advancements, infrastructure investments, and international collaboration in the energy sector.

The shale gas market is experiencing substantial growth, propelled by the rapid advancements in exploration and drilling technologies. These technological strides are not only increasing production volumes but also reducing production costs significantly. Companies are leveraging innovations like 3D seismic technology to optimize exploration and drilling processes, enhancing natural gas production levels while minimizing costs associated with exploration, drilling, and refining. Other noteworthy technological advances, such as hydraulic fracturing and horizontal drilling, are contributing to the overall expansion of the shale gas market. Thus, ongoing innovations in exploration and drilling technologies are expected to be key drivers for the shale gas market.

The growth of the shale gas market is further fueled by the global energy transition. This transition, signifying a fundamental shift in energy production, distribution, and consumption, positions shale gas as a transitional player toward cleaner energy sources. Shale gas contributes to energy security by offering a domestic or regional energy source, reducing dependence on imported fossil fuels susceptible to geopolitical and supply chain disruptions. The International Energy Agency reported a notable expansion of renewable energy capacity by over 13% in 2023, reaching nearly 340 GW, underscoring the role of shale gas in the ongoing global energy transition.

Modular production systems are gaining popularity in the gas industry due to their cost-effectiveness, rapid extraction capabilities, and profitability compared to conventional methods. These integrated field facilities, incorporating prefabricated equipment, piping, and instrumentation, expedite gas processing applications. Companies like PROPAK and SIIRTEC NIGI are notable for their contributions to modular systems in gas processing. Honeywell UOP highlights that modular systems can be operational within approximately 10 months, a significant reduction compared to the 21 months required for conventional stick-built wells. The adoption of modular systems underscores their ability to streamline project timelines, enhance fabrication efficiency, and improve safety standards.

Major players in the shale gas market are actively innovating, introducing new technological products such as electric grid-powered fracturing operations to enhance profitability. Electric grid-powered fracturing operations involve utilizing electricity from the public power grid to power hydraulic fracturing activities, presenting potential environmental benefits by reducing noise and local air pollution. In 2021, Halliburton successfully deployed the industry's first electric grid-powered fracturing operation, replacing traditional methods reliant on diesel generators or natural gas engines. This shift aligns with the industry's commitment to sustainable and environmentally friendly practices.

In October 2023, Exxon Mobil acquired Pioneer Natural Resources for $59.5 billion. This strategic acquisition positions Exxon to surpass its main competitor, Chevron, establishing dominance in the Permian Basin. Pioneer Natural Resources is a prominent US-based oil and gas company.

Major companies operating in the in the shale gas market report are Royal Shell PLC, Exxon Mobil Corporation, PetroChina Company Limited, ConocoPhillips Company, Cabot Oil & Gas Corporation, Antero Resources Corporation, Anadarko Petroleum Corporation, Baker Hughes Incorporation, Equinor ASA, Repsol S. A., China Petroleum & Chemical Corporation (SINOPEC), Range Resources Corporation, Chevron Corporation, Pioneer Natural Resources Company, Reliance Industries Limited, SM Energy, Southwestern Energy, Chesapeake Energy Corporation, Marathon Oil Corporation, Continental Resources Inc., Noble Energy Inc., Encana Corporation, Apache Corporation, Gulfport Energy Corporation, Rice Energy Inc., Whiting Petroleum Corporation, Matador Resources Company, Qep Resources Inc., Devon energy Corporation, EOG Resources Inc.

Asia-Pacific was the largest region in the shale gas market in 2023. North America was the second-largest region in the shale gas market. The regions covered in the shale gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the shale gas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The shale gas market consists of sales of shale gas extracted through hydraulic fracturing and vertical drilling. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Shale Gas Market Characteristics3. Shale Gas Market Trends And Strategies
4. Shale Gas Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Shale Gas Market Size and Growth
5.1. Global Shale Gas Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Shale Gas Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Shale Gas Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Shale Gas Market Segmentation
6.1. Global Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Exploration & Drilling
Fracturing Fluid
6.2. Global Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Power Generation
Industrial
Residential
Commercial
Transportation
7. Shale Gas Market Regional And Country Analysis
7.1. Global Shale Gas Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Shale Gas Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Shale Gas Market
8.1. Asia-Pacific Shale Gas Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Shale Gas Market
9.1. China Shale Gas Market Overview
9.2. China Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Shale Gas Market
10.1. India Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Shale Gas Market
11.1. Japan Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Shale Gas Market
12.1. Australia Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Shale Gas Market
13.1. Indonesia Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Shale Gas Market
14.1. South Korea Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Shale Gas Market
15.1. Western Europe Shale Gas Market Overview
15.2. Western Europe Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Shale Gas Market
16.1. UK Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Shale Gas Market
17.1. Germany Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Shale Gas Market
18.1. France Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Shale Gas Market
19.1. Italy Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Shale Gas Market
20.1. Spain Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Shale Gas Market
21.1. Eastern Europe Shale Gas Market Overview
21.2. Eastern Europe Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Shale Gas Market
22.1. Russia Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Shale Gas Market
23.1. North America Shale Gas Market Overview
23.2. North America Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Shale Gas Market
24.1. USA Shale Gas Market Overview
24.2. USA Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Shale Gas Market
25.1. Canada Shale Gas Market Overview
25.2. Canada Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Shale Gas Market
26.1. South America Shale Gas Market Overview
26.2. South America Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Shale Gas Market
27.1. Brazil Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Shale Gas Market
28.1. Middle East Shale Gas Market Overview
28.2. Middle East Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Shale Gas Market
29.1. Africa Shale Gas Market Overview
29.2. Africa Shale Gas Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Shale Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Shale Gas Market Competitive Landscape And Company Profiles
30.1. Shale Gas Market Competitive Landscape
30.2. Shale Gas Market Company Profiles
30.2.1. Royal Shell PLC
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Exxon Mobil Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. PetroChina Company Limited
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. ConocoPhillips Company
30.2. 4.1. Overview
30.2. 4.2. Products and Services
30.2. 4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Cabot Oil & Gas Corporation
30.2. 5.1. Overview
30.2. 5.2. Products and Services
30.2. 5.3. Strategy
30.2.5.4. Financial Performance
31. Global Shale Gas Market Competitive Benchmarking32. Global Shale Gas Market Competitive Dashboard33. Key Mergers And Acquisitions In The Shale Gas Market
34. Shale Gas Market Future Outlook and Potential Analysis
34.1 Shale Gas Market In 2028 - Countries Offering Most New Opportunities
34.2 Shale Gas Market In 2028 - Segments Offering Most New Opportunities
34.3. Shale Gas Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies
35. Appendix
35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer

Executive Summary

Shale Gas Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on shale gas market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • All data from the report will also be delivered in an excel dashboard format.

Description:

Where is the largest and fastest growing market for shale gas? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

  • Markets Covered: 1) By Technology: Exploration & Drilling; Fracturing Fluid 2) By Application: Power Generation; Industrial; Residential; Commercial; Transportation
  • Companies Mentioned: Royal Shell PLC; Exxon Mobil Corporation; PetroChina Company Limited; ConocoPhillips Company; Cabot Oil & Gas Corporation
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Royal Shell PLC
  • Exxon Mobil Corporation
  • PetroChina Company Limited
  • ConocoPhillips Company
  • Cabot Oil & Gas Corporation
  • Antero Resources Corporation
  • Anadarko Petroleum Corporation
  • Baker Hughes Incorporation
  • Equinor ASA
  • Repsol S. A.
  • China Petroleum & Chemical Corporation (SINOPEC)
  • Range Resources Corporation
  • Chevron Corporation
  • Pioneer Natural Resources Company
  • Reliance Industries Limited
  • SM Energy
  • Southwestern Energy
  • Chesapeake Energy Corporation
  • Marathon Oil Corporation
  • Continental Resources Inc.
  • Noble Energy Inc.
  • Encana Corporation
  • Apache Corporation
  • Gulfport Energy Corporation
  • Rice Energy Inc.
  • Whiting Petroleum Corporation
  • Matador Resources Company
  • Qep Resources Inc.
  • Devon energy Corporation
  • EOG Resources Inc.

Methodology

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