Shale Gas Market 2016 Industry Size, Shares, Segment & Forecast up to 2020

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Shale Gas Market by Technology (Horizontal Drilling, Hydraulic Fracturing, and Water Usage Issue) for Power Generation, Residential, Industrial, Commercial, Transportation and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2020

 

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Zion Research has published a new report titled “Shale Gas Market by Technology (Horizontal Drilling, Hydraulic Fracturing, and Water Usage Issue) for Power Generation, Residential, Industrial, Commercial, Transportation and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2020.” According to the report, the global demand for shale gas was valued at USD 63 billion in 2014 is expected to reach USD 105 billion in 2020, growing at a CAGR of around 9% between 2015 and 2020. In terms of volume, the global shale gas market stood at around 10.0 trillion cubic feet in 2014.

Shale gas is also known as natural gas and it is derived from shales. Shale is fine-grained sedimentary rocks and it is highly loaded resources of petroleum and natural gas. Shale gas is generally obtained from the various shales like are marcellus, eagle ford, niobrara, barnett, and bakken. It is primarily used as a feedstock for production of ammonia and ethane gas. To extract shale gas from the source rock, the oil and gas industry uses two proven techniques: horizontal drilling and hydraulic fracturing. Hydraulic fracturing involves injecting high-pressure water to crack the source rock and release the natural gas it contains. 99.5% of the injection fluid is a mixture of water and sand, while the rest is a small quantity of additives needed to prevent bacterial contamination of the reservoir and make the process more efficient.

Browse the full “Shale Gas Market by Technology (Horizontal Drilling, Hydraulic Fracturing, and Water Usage Issue) for Power Generation, Residential, Industrial, Commercial, Transportation and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2020” report at http://www.marketresearchstore.com/report/shale-gas-market-by-technology-z38366

The major driving factor for shale gas market is rapidly increasing demand across the world. In an attempt to lower down dependence on crude oil as source of energy, U.S. is highly focused on shale gas. Moreover, government funding coupled with large investment by many private players is expected to fuel the growth of this industry. However, high cost of production as compared to any other conventional source of energy is expected to limit the growth of this industry. However, ongoing research & development and introduction of new technologies in the field of shale gas are expected to bring down cost of production. Large number of proven reserves for shale gas in North America, Europe and Asia Pacific is expected to provide future growth opportunity to industry participants.  

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