Shale Gas Market Research Sales, Forecast, Regional, Trends and Analysis in 2020
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The commercial application of the market is also expected to grow at CAGR of around 5.3% from 2014 to <strong>2020</strong><br />
to reach approximately USD 10 billion by <strong>2020</strong>.<br />
<strong>Regional</strong> Insights:<br />
In the present <strong>in</strong>dustry scenario, Canada <strong>and</strong> U.S. are the major producers of shale gas. These two countries<br />
produced almost 92% of the total volume <strong>in</strong> 2013. Earlier to shale gas, U.S. was the largest importer of natural<br />
gas. Later on, ow<strong>in</strong>g to rapid production <strong>and</strong> exploration activities, U.S. emerged as the major exporter for the<br />
market followed by Canada estimated over 8.2% of the gas extracted <strong>in</strong> 2013.<br />
Ch<strong>in</strong>a accounted 30 million cbf output by 2012 <strong>and</strong> <strong>in</strong>creased its production to 200 million cbf till 2013. As per<br />
estimates, Ch<strong>in</strong>a has a huge amount of shale gas reservoirs <strong>and</strong> discovers great market potential. The Ch<strong>in</strong>ese<br />
government is also support<strong>in</strong>g tax leverage <strong>and</strong> f<strong>in</strong>ancial benefits to the shale gas companies.<br />
APAC is anticipated to be the emerg<strong>in</strong>g market with a CAGR of over 66% from 2015 to <strong>2020</strong>. Europe <strong>in</strong> more<br />
than 14 countries <strong>in</strong>clud<strong>in</strong>g Germany, Pol<strong>and</strong> <strong>and</strong> France is also is also anticipated to <strong>in</strong>crease production of<br />
shale gas over the forecast period ow<strong>in</strong>g to the abundant availability of reserves which are <strong>in</strong> the <strong>in</strong>itial maturity<br />
stage.<br />
Competitive Insights:<br />
Global shale market is be<strong>in</strong>g dom<strong>in</strong>ated by top gas & oil produc<strong>in</strong>g mult<strong>in</strong>ationals spread through the value<br />
cha<strong>in</strong> creat<strong>in</strong>g the market highly competitive. Key market players have already entered <strong>in</strong>to various acquisitions,<br />
collaborations, jo<strong>in</strong>t ventures <strong>and</strong> partnerships to susta<strong>in</strong> the competitive market.<br />
Some of the market leaders are Anadarko Petroleum Corporation, BHP Billiton, Exxon Mobil Corporation, Royal<br />
Dutch Shell, Reliance Industries Limited, Cabot Oil & <strong>Gas</strong>, SM Energy, <strong>and</strong> Talisman Energy Inc. among some<br />
other companies.<br />
<strong>Market</strong> Segment:<br />
Global <strong>Shale</strong> <strong>Gas</strong> Application Outlook (Volume, Bcf; Revenue, USD billion)<br />
• Industrial<br />
• Power Generation<br />
• Residential<br />
• Commercial<br />
• Transportation