Shale Gas Hydraulic Fracturing Market

Shale Gas Hydraulic Fracturing Market

Shale Gas Hydraulic Fracturing Market: US to Remain Global Leader in Terms of Production, Technology, and Exports: Canada, US, and China Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

  • XPLREP2284

  • March, 2018

  • 229 Pages

  • Oil and Gas

Shale Gas Hydraulic Fracturing Market to Thrive in North America at a CAGR OF 9.8% Through 2027

The shale gas hydraulic fracturing market is forecasted to register healthy growth through the forecast period (2017 to 2027), according to a new market study by XploreMR. The report attributes the growth of the market to factors such as soaring demand for gas and gradual depletion of fossil fuels which is asserting consumers to seek alternative fuel sources, thereby boosting the demand for shale gas hydraulic fracturing. Moreover, reliance on unconventional fuel sources has significantly upsurge in the recent past, in turn, propelling demand for shale gas.

As a result, shale gas hydraulic fracturing, which is a popular production process of shale gas production, is gaining remarkable traction. The process enables the extraction of natural gas or oil by fracturing shale rocks and improving the flow of the fuel to be extracted. On this premise, the US region will progress at an impressive CAGR of 9.8%, while China will exhibit a tremendous CAGR of 21.2% through the assessment period.

US to Remain at Forefront of Global Market

The fluctuating prices of natural gas have indirectly boosted the shale gas hydraulic fracturing market in the US owing to shifting preference away from conventional methods. Moreover, the US region is expected to bestow lucrative revenue opportunities to market players, on the back of growing usage of cheaper energy resources.

Besides, the region currently holds 2/3rd of overall market value and is foreseen to lead the regional landscape in terms of sales through the forecast period. The dominance of the region places North America at the forefront of the global energy scenario and also holds a strong impact on the global energy domain. North America will remain the leading regional market in terms of technology, exploration, development, production, and export of shale gas, by the end of the forecast period.

Shift From Vertical to Horizontal Drilling Opens new Avenues for Growth

In the recent past,  there has been a shift from vertical to horizontal drilling, enabling gas extractors to widen their profit margin. The shift from conventional vertical drilling to more profitable and eco-friendly horizontal drilling, coupled with the emergence of pitless drilling technology is forecasted to act as a major growth driver. Market players are combining the techniques of horizontal drilling with the pre-existing hydraulic fracturing techniques to cater to the evloving consumer preferences. The new technology is predominantly finding adoption in the US, as the country has ample reserves of shale.

Segmental Highlights: Plug and Perforation Remains Most Sought-out Technology

The plug and perforation segment accounted for the majority of the volume share of the US market and will continue to channel the majority of revenue through the forecast period. The technology's dominance has been linked to numerous benefits associated with the process coupled with high adoption among players in the US region.

The plug and perforation segment is forecasted to expand at a CAGR of over 10% through 2027. On the other hand, the sliding sleeve segment is also expected to flourish at an impressive CAGR of over 8%. Besides, factors such as the advent of innovative technologies such as novel water treatment and management solutions will continue to complement the growth of the market.

Competitive Landscape of Shale Gas Hydraulic Fracturing Market

The major players operating in the shale gas hydraulic fracturing market studied in the report include, but not limited to, Chevron Corporation, Exxon Mobil, Sinopec Ltd, Marathon Oil, and Royal Dutch Shell PLC.

Over the past few years, the U.S. and Canada have experienced revolutionary production of natural oil and gas. North America has started generating energy from (cheaper) unconventional sources. The U.S. shale gas hydraulic fracturing is not only changing the country’s energy scenario, but has also affected the energy domain globally. The third market analyzed in the report is China, which is projected to witness the maximum growth over the assessment period 2017-2027.

The shale gas production has expanded the use of natural gas in electricity generation and transportation. Shale gas hydraulic fracturing is one of the most popular methods of extracting trapped natural gas or oil through fracturing of shale rock, which improves the flow of the natural gas or oil to be recovered.

Market Dynamics

The report analyzes key drivers and restraints, which impact the most on the shale gas hydraulic fracturing market performance – US, Canada, and China. The factors influencing market conditions are found to be relying on GDP growth, oil and gas production, power sector growth, and manufacturing industry's growth. The report also throws light on the recent trends in the US, Canada, and China markets and the most lucrative opportunities for established as well as emerging market participants.

Market Taxonomy

XploreMR’ report on Canada, US, and China’s shale gas hydraulic fracturing markets on the basis of technology and application.

By technology

  • Plug and perforation

  • Sliding sleeve

By application

  • Power generation

  • Industrial

  • Residential

  • Commercial

  • Transportation

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

Report Highlights

  • Detailed overview of parent market

  • Changing market dynamics in the industry

  • In-depth market segmentation

  • Historical, current and projected market size in terms of volume and value

  • Recent industry trends and developments

  • Competitive landscape

  • Strategies of key players and products offered

  • Potential and niche segments, geographical regions exhibiting promising growth

  • A neutral perspective on market performance

  • Must-have information for market players to sustain and enhance their market footprint

Some of the significant players in the US shale gas hydraulic fracturing market are: Bakken, which includes companies such as ExxonMobil, Hess, Continental Resources, Whiting Petroleum, EOG Resources; Eagleford, which includes shale producers such as EOG resources, ConocoPhilips, BHP Billiton, Chesapeake Energy, Marathon oil; the Haynesville shale producers are Chesapeake Energy, Memorial Resource Development/Range Resources, EXCO Resources, and BHP Billiton.

Research Methodology

In order to prepare an extensive research report on the US, Canada, and China market for shale gas hydraulic fracturing, XploreMR has adopted the PESTEL analysis – Political, economic, social, technological, environmental, and legal analysis of the entire shale gas hydraulic fracturing industry. Key market players, distributors, experts, and other participants have been interviewed for expert insights. After thorough primary and secondary research, triangulation method has been used for validation of the obtained data, after which scrutinization of data has resulted into valuable insights about the industry.

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Shale Gas Hydraulic Fracturing Market: US to Remain Global Leader in Terms of Production, Technology, and Exports: Canada, US, and China Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027
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Shale Gas Hydraulic Fracturing Market

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