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

  • Published : Mar, 2018
  • Report Code : REP-NA-3699

An Incisive, In-depth Analysis on the Shale Gas Hydraulic Fracturing Market

This study offers a comprehensive, 360 degree analysis on the Shale Gas Hydraulic Fracturing market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Shale Gas Hydraulic Fracturing market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The shale gas hydraulic fracturing markets in Canada, US, and China are expected to individually register impressive growth over a 10-year forecast period. While US is anticipated to remain the global leader, China is foreseen to be a lucrative region thriving at the fastest CAGR value. In terms of volume, the US market that represented a production volume of 18,059 BCF in 2017 is estimated to grow at a 9.8% CAGR through to 2027, whereas the 317.6 BCF Chinese market is likely to witness a stellar CAGR of 21.2%. Canada’s shale gas hydraulic fracturing volume was 213.3 BDF in 2017, which is expected to reach up by a CAGR of 8.4% over 2017-2027.

The world today is dependent more on unconventional energy resources, including shale gas. It is presumed that by the end of 2027, the development of shale gas in the top regions across the world, i.e. North America and China, will gain robust traction in the coming decade, reaching a peak level. The US is likely to bring in innovative opportunities and promising circumstances for players, owing to increasing use of relatively cheaper energy resources. This region is projected to lead the global industry for shale gas in terms of sales and currently holds over two-third of the market in terms of value and volume. Dominance of the US in shale gas hydraulic fracturing thus revolutionizes North America’s overall energy scenario and also holds a strong impact on the global energy domain. In terms of technology, exploration, development, production, and export of shale gas, the US will be the global leader throughout 2017-2027.

Hydraulic fracturing continues to be the most sought after process for shale gas production

Shale gas hydraulic fracturing is a popular shale gas production process that involves extraction of trapped natural oil or gas by fracturing the shale rock, eventually enhancing the flow of natural oil or gas that needs to be recovered. Although the prices of natural gas have been seeing an affordable decline since the recent past, the real boost to the market in the US is being provided by greater convenience of shale gas production through hydraulic fracturing compared to that through the conventional method. However, heavy consumption of water during shale gas production through hydraulic fracturing may turn out to remain a major challenge to growth of this process. Moreover, both production and transportation of shale gas tend to release a heap of toxic pollutants in underground water, which is another factor that will continue to hold a strong negative impact on growth of market in near future.

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Plug & perforation poised for robust growth

By technology, plug and perforation segment covered maximum volume share of the US market and is expected to continue dominance through to 2027. This dominance is attributed to indispensable benefits that this process has brought to the US market for shale gas production through hydraulic fracturing. The plug and perforation segment recorded a volume of 13,088.4 BCF in 2017, which will possibly expand at a CAGR of over 10% by 2027-end. Sliding sleeve segment will however thrive at a relatively lower CAGR of over 8% during 2017-2027. Technological innovations such as novel water treatment and management solutions, a major shift from vertical (conventional) vertical drilling to more profitable and eco-friendly horizontal drilling, and emergence of pitless drilling technology are looked at as significant boosters to US market growth in shale gas hydraulic fracturing.

As far as key players in the shale gas hydraulic fracturing industry is concerned, a majority of global key players are based on the US, contributing to the region's fostering growth over the years.

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

Future Market Insights’ 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, Future Market Insights 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.

Shale Gas Hydraulic Fracturing Market Reports - Table of Contents

Shale Gas Hydraulic Fracturing Market Reports - List of Tables

Table 01: Canada Shale Gas Reserves 

Table 02: U.S. Shale Gas Hydraulic Fracturing Market Volume (BCF) by Technology, 2012–2027

Table 03: U.S. Shale Gas Hydraulic Fracturing Market Value Volume (BCF) by Application, 2012–2027

Table 04: The U.S. Shale Gas Production (bcf), By State

Table 05: The U.S. Shale Gas Production (bcf), By State

Table 06: Canada Shale Gas Hydraulic Fracturing Market Volume (BCF) by Technology, 2012–2027

Table 07: Canada Shale Gas Hydraulic Fracturing Market Volume (BCF) by Application, 2012–2027

Table 08: China Shale Gas Hydraulic Fracturing Market Volume (BCF) by Technology, 2012–2027

Table 09: China Shale Gas Hydraulic Fracturing Market Volume (BCF) by Application, 2012–2027

Table 10: Shale Gas Hydraulic Fracturing Scenario

Shale Gas Hydraulic Fracturing Market Reports - List of Figures

Figure 01: U.S. Shale Gas Hydraulic Fracturing Market Split by Technology, 2017

Figure 02: U.S. Shale Gas Hydraulic Fracturing Market Split by Application, 2017

Figure 03: Canada Shale Gas Hydraulic Fracturing Market Split by Technology, 2017

Figure 04: Canada Shale Gas Hydraulic Fracturing Market Split by Application, 2017

Figure 05: China Shale Gas Hydraulic Fracturing Market Split by Technology, 2017

Figure 06: China Gas Hydraulic Fracturing Market Split by Application, 2017

Figure 07: Historical GDP Growth (%), 2012-2016

Figure 08: World electricity generation by fuel (trillion kilowatthours)

Figure 09: Share of net electricity generation (percent)

Figure 10: World energy consumption (quadrillion Btu)

Figure 11: World energy consumption by end-use sector (quadrillion Btu)

Figure 12: World energy consumption by energy source

Figure 13: Average annual percent change in GDP, 2015-40 (% per year)

Figure 14: Global Oil & Gas Production Outlook, Thousand Barrels Per Day, 2005 – 2015 

Figure 15: Global Oil & Gas Consumption Outlook, Thousand Barrels Per Day, 2005 – 2015 

Figure 16: Global Oil Production, 2006 - 2016

Figure 17: Global Oil Consumption, 2006 - 2016

Figure 18: World Natural Gas Consumption 

Figure 19: Global Natural Gas Consumption, 2006 - 2016

Figure 20: Global Natural Gas Production, 2006 - 2016

Figure 21: Comparison Between Hydraulically Fractured Wells and Nonhydraulically Fractured Wells in U.S.

Figure 22: U.S. Dry Natural Gas Production 2007 - 2017

Figure 23: U.S. Natural Gas Marketed Production (Wet) 2007 - 2017

Figure 24: Energy-related carbon dioxide emission by sector 

Figure 25: Energy-related carbon dioxide emission by sector 

Figure 26: Natural gas production in Billion cubic metres

Figure 27: Recent and Projected Distillation Capacity Additions and Investments

Figure 28: Distillation capacity additions from existing projects (MnB/Day), 2016-2021

Figure 29: Oil Production in Thousand barrels per day, 2003-2016

Figure 30: Natural Gas Production in Billion cubic metres, 2000-2016

Figure 31: Natural Gas Historical Prices, 2003 - 2016 

Figure 32: Natural Gas Historical Prices, 2016 - 2019

Figure 33: United States Shale Gas Hydraulic Fracturing Market Volume (BCF) Forecast, 2016–2027

Figure 34: U.S. Shale Gas Hydraulic Fracturing Market Volume Share Analysis by Technology, 2012, 2017 & 2027

Figure 35: U.S. Shale Gas Hydraulic Fracturing Market Y-o-Y Growth by Technology, 2016 –2027

Figure 36: U.S. Shale Gas Hydraulic Fracturing Market Attractiveness by Technology, 2017 –2027

Figure 37: U.S. Shale Gas Hydraulic Fracturing Market Volume Share Analysis by Application, 2012, 2017 & 2027

Figure 38: U.S. Shale Gas Hydraulic Fracturing Market Y-o-Y Growth by Application, 2016 –2027

Figure 39: U.S. Shale Gas Hydraulic Fracturing Market Attractiveness by Application, 2017 –2027

Figure 40: Canada Shale Gas Hydraulic Fracturing Market Volume (BCF) Forecast, 2016–2027

Figure 41: Share of Primary demand 

Figure 42: Primary Natural Gas Demand  

Figure 43: Natural Gas Production by Type, 2005 - 2017  

Figure 44: Natural Gas, Supply and Demand, 2005 - 2017  

Figure 45: Oil Production in Thousand barrels per day, 2003-2016

Figure 46: Natural Gas Production in Billion cubic metres, 2000-2016

Figure 47: Canada Shale Gas Hydraulic Fracturing Market Volume Share by Technology, 2012, 2017 & 2027

Figure 48: Canada Shale Gas Hydraulic Fracturing Market Y-o-Y Growth by Technology, 2016 –2027

Figure 49: Canada Shale Gas Hydraulic Fracturing Market Attractiveness by Technology, 2017 –2027

Figure 50: Canada Shale Gas Hydraulic Fracturing Market BPS Analysis by Application, 2012, 2017 & 2027

Figure 51: Canada Shale Gas Hydraulic Fracturing Market Y-o-Y Growth by Application, 2016 –2027

Figure 52: Canada Shale Gas Hydraulic Fracturing Market Attractiveness by Application, 2017 –2027

Figure 53: China Shale Gas Hydraulic Fracturing Market Volume (BCF) Forecast, 2016–2027

Figure 54: Oil Production in Thousand barrels daily, 2003-2016

Figure 55: Natural Gas Production in Billion cubic metres, 2000-2016

Figure 56: China Shale Gas Hydraulic Fracturing Market Volume Share Analysis by Technology, 2012, 2017 & 2027

Figure 57: China Shale Gas Hydraulic Fracturing Market Y-o-Y Growth by Technology, 2016 –2027

Figure 58: China Shale Gas Hydraulic Fracturing Market Attractiveness by Technology, 2017 –2027

Figure 59: China Shale Gas Hydraulic Fracturing Market Volume Share Analysis by Application, 2012, 2017 & 2027

Figure 60: China Shale Gas Hydraulic Fracturing Market Y-o-Y Growth by Application, 2016 –2027

Figure 61: China Shale Gas Hydraulic Fracturing Market Attractiveness by Application, 2017 –2027

Figure 62: China Natural Gas Production, 2000 - 15

Figure 63: Natural Gas Production share by Source (%) - 2015

Figure 64: Installed Capacity by Technology  

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