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

  • 2018-03-19
  • REP-NA-3699
  • 229 pages
  • PDF PPT EXCEL
Shale Gas Hydraulic Fracturing Market

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

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