Shale Gas

Shale Gas

Global Shale Gas Market to Reach US$126.9 Billion by 2030

The global market for Shale Gas estimated at US$94.5 Billion in the year 2023, is expected to reach US$126.9 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2023-2030. Power Generation End-Use, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$48.9 Billion by the end of the analysis period. Growth in the Industrial End-Use segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$25.6 Billion While China is Forecast to Grow at 4.2% CAGR

The Shale Gas market in the U.S. is estimated at US$25.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.3 Billion by the year 2030 trailing a CAGR of 4.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.1% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Shale Gas Market - Key Trends and Drivers Summarized

Shale gas has become a cornerstone in the transformation of the global energy landscape, especially marked by its significant impact in the United States where it has fostered energy independence and economic vitality. Known as the "Shale Gas Revolution," this movement leverages natural gas trapped within shale formations, markedly influencing both domestic and international energy markets. As countries around the world begin to explore their shale gas potential, the estimates of technically recoverable resources highlight the vast untapped energy reserves available globally. This burgeoning sector promises to reshape energy strategies across numerous nations, although the actual utilization of these resources faces myriad challenges, including technical difficulties in extraction and environmental concerns related to the techniques used, such as hydraulic fracturing.

The technological advancements in hydraulic fracturing and horizontal drilling have been pivotal in enabling the efficient and economical extraction of shale gas. These innovations have allowed access to gas deposits within complex shale formations that were previously not viable, thereby significantly boosting domestic gas production and reducing reliance on imported energy. The ripple effects of increased shale gas production include lowered natural gas prices and a reduced burden on the U.S. economy from global oil price fluctuations. However, the environmental implications of fracking, which involves intensive water use and potential chemical spillage, pose significant challenges and have sparked debates concerning the sustainability and safety of such practices.

Looking forward, the landscape for shale gas continues to evolve with enhancements in technology and shifts in regulatory frameworks aimed at fostering more sustainable practices within the industry. Innovations in fracking techniques and improvements in drilling technologies are making shale gas extraction more viable and environmentally palatable. Additionally, governmental policies, including subsidies and incentives for adopting cleaner technologies, are crucial in shaping the development and acceptance of shale gas operations. The growth of this sector is further supported by rising industrial demand for cleaner, cost-effective fuel options and the expansion of liquefied natural gas (LNG) export facilities, which open new markets for U.S. shale gas. Moreover, advancements such as real-time data monitoring and the application of AI in operational optimizations are enhancing the efficiency and safety of shale gas extraction, promising to sustain its role as a key player in the global energy matrix.

Select Competitors (Total 142 Featured) -

• BP PLC
• Chevron Corporation
• ConocoPhillips Company
• Exxon Mobil Corporation
• Royal Dutch Shell PLC

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.