A comprehensive overview of the global shale gas market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the shale gas market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The global Shale gas market was valued at around 65 bn in 2020 and expected to grow at a CAGR of more than 8% during the period 2021-2027.

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Market Overview

Shale is a fine-grained sedimentary rock that forms when silt and clay-size mineral particles are compacted, and it is easily broken into thin, parallel layers. Black shale contains organic material that can generate oil and natural gas, which is trapped within the rock's pores. Shale natural gas resources are found in shale formations that contain significant accumulations of natural gas and/or oil. Factors that are escalating the market size of shale gas are an increase in consumption of oil and the rising growth in the oil-dependent industries, new developments in shale gas production technology coupled with the reduction in natural gas pricing and improving supply and distribution infrastructure are accentuating the growth of the market. Moreover, 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. North America is the only region active with commercial production of shale gas as of the year 2010 and 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.

COVID-19 Impact

The COVID-19 pandemic has significantly impacted the market size of shale gas. Several countries enforced nationwide lockdowns as part of measures to limit the spread of the coronavirus.  The growth of the shale gas market was also affected due to the shutdown of manufacturing activities and the decline in demand for commercial services in 2020. In addition, volatility in the prices of crude oil during the pandemic further aggravated the impact on the market.

The Global Shale gas market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Technology, the market is primarily bifurcated into:

·        Horizontal fracking

·        Vertical fracking

·        Rotary fracking

Based on the technology, the shale gas market is classified into horizontal fracking, vertical fracking, and rotary fracking. The horizontal fracking segment caters to extensive market share in the shale gas market. Horizontal fracking helps to access more of the gas, as shale reserves are typically distributed horizontally rather than vertically. In addition, horizontal franking makes it possible to operate multiple target zones from one drilling pad. It enlarges recoverable reserves and significantly increased productivity.

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By End-User, the market is primarily bifurcated into:

·        Residential

·        Commercial

·        Industrial

·        Power generation

·        Transportation

Based on the end-user, the Shale Gas market is segmented into residential, commercial, industrial, power generation, and transportation. The power generation segment acquired a considerable market share in the shale gas market increasing trend of coal to gas switching in power plants is expected to positively influence market growth. Governments are targeting an increasing share of shale gas in the energy mix of the country. Power generation drives the highest demand in international markets owing to its cleaner combustion quality as compared to other fossil fuels.

Global Shale gas Market Geographical Segmentation Includes:

·        North America

Ø United States

Ø Canada

Ø Rest of North America

·        Europe

Ø Germany

Ø France

Ø Spain

Ø Italy

Ø United Kingdom

Ø Rest of Europe

·        Asia-Pacific

Ø China

Ø India

Ø Australia

Ø Japan

Ø Rest of Asia-Pacific

·        Middle East & Africa

Ø UAE

Ø South Arabia

Ø Nigeria

Ø Algeria

Ø Egypt

Ø Rest of MEA

·        Rest of the World

For a better understanding of the market adoption of the Shale gas industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (Chinsa, India, Australia, Japan, Rest of Asia-Pacific), Middle East & Africa (UAE, Saudi Arabia, Nigeria, Algeria, Egypt, and Rest of MEA), and Latin America. North America is expected to remain the largest shale gas producer globally by the year 2021 due to technological expertise and the availability of resources. The United States is the main contributor to the regional growth owing to the deployment of hydraulic fracturing with horizontal drilling for drilling ultra-hard shale deep underground reserves present across the country.

The major players targeting the market include:

·        Royal Dutch Shell PLC

·        ConocoPhillips

·        PetroChina Company Limited

·        Exxon Mobil Corporation

·        Chevron Corporation

·        Chesapeake Energy Corporation

·        BHP Billiton Limited

·         BP plc.

·        Devon Energy Corporation

·        Total SA

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Shale gas market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:

·        What are the latest trends, new patterns, and technological advancements in the global Shale gas market?

·        Which factors are influencing the global Shale gas market over the forecast period?

·        What are the global challenges, threats, and risks in the global Shale gas market?

·        Which factors are propelling and restraining the global Shale gas market?

·        What are the demanding global regions of the global Shale gas market?

·        What will be the market size in the upcoming years?

·        What are the crucial market acquisition strategies and policies applied by the companies?

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