Unconventional Gas Market by Type, End-users, and Geography - Forecast and Analysis 2020-2024

The global unconventional gas market has the potential to grow by USD 41.76 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.

This report provides a detailed analysis of the market by geography (APAC, EMEA, and the Americas), type (shale gas, tight gas, and coalbed methane), and end-users (power generation, residential and commercial, industrial, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Santos Ltd., Saudi Arabian Oil Co., and YPF SA.

Market Overview

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Market Competitive Analysis

The market is currently fragmented, and the degree of fragmentation will remain the same during the forecast period. Market vendors are focusing on incorporating various technological advances for improving efficiency and optimizing the output of equipment, which will support unconventional gas production using the hydraulic fracturing process. BP Plc, Chevron Corp., and ConocoPhillips Co. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities to vendors, the growing adoption of renewable energy will challenge the growth of many. To increase their unconventional gas market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this unconventional gas market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this unconventional gas market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading unconventional gas companies, including:

• BP Plc
• Chevron Corp.
• ConocoPhillips Co.
• Exxon Mobil Corp.
• PetroChina Co. Ltd.
• PJSC Gazprom
• Royal Dutch Shell Plc
• Santos Ltd.
• Saudi Arabian Oil Co.
• YPF SA

Unconventional Gas Market: Segmentation by Region

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The Americas was the largest market for unconventional gas in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. Factors such as the presence of abundant shale reserves and technological advances are contributing to the unconventional gas market growth in this region.

Over 87% of the market’s growth will originate from the Americas during the forecast period. The US and Canada are the key markets for unconventional gas in the Americas. Market growth in this region will be faster than the growth of the market in EMEA.

Unconventional Gas Market: Segmentation by Type

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The combination of hydraulic fracturing and horizontal drilling technologies has made the production of natural gas from shale formations more economical. The rising demand for natural gas and increasing investments in E&P activities of shale gas are expected to fuel the growth of the unconventional gas market by the shale gas segment.

Market growth by the shale gas segment will be faster than the growth of the market by the tight gas and coalbed methane segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the unconventional gas market size.

Unconventional Gas Market: Key Drivers and Trends

The abundance of unconventional gas resources has been identified as one of the significant factors that will drive the growth of the unconventional gas market over the forecast period. With depleting conventional oil and gas resources, the need for exploring unconventional energy sources such as shale and tight formations and oil sands has increased. Unconventional resources are present in abundance across several countries, including the US, Canada, China, and Argentina. Several techniques are being employed to improve the production rate from such unconventional gas resources. The US is leveraging various technological advances to boost its shale and tight gas production. Although other countries, such as China, have not been able to use their unconventional resources completely, increasing investments in R&D and rising number of subsidies will boost the production of unconventional gas from these countries in the coming years. The increasing production output and the availability of abundant unconventional gas resources are a few of the factors fueling the growth of the market.

• Technological advances in the hydraulic fracturing process have been identified as one of the critical unconventional gas market trends.
• The hydraulic fracturing process is undergoing various technological advances that will support the exploration and production of oil and gas from unconventional reserves.
• The incorporation of sensors and software in the hydraulic fracturing process, to monitor the water quality and condition of the equipment, will help in enhancing the operational efficiency of the process.
• Vendors are also adopting the internet of things (IoT), data analytics, and machine learning to obtain real-time pressure data that can be used to prevent the over-fracturing issue of the hydraulic fracturing process.
• Moreover, advances in drilling technology have enabled proppant placement in downhole wells to maximize hydrocarbon recovery from unconventional wells.
• Such technological advances in hydraulic fracturing will enhance the recovery output of gas from unconventional reserves and propel the growth of the market over the next five years.
• During 2020-2024, the unconventional gas market will grow at a CAGR of almost 7%.

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Unconventional Gas Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the unconventional gas market during the next five years
• Precise estimation of the global unconventional gas market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the unconventional gas industry across APAC, EMEA, and the Americas
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of unconventional gas vendors

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