Canada, US, and China Shale Gas Hydraulic Fracturing Market surpassing around 48,814.70 units by 2027 - Comprehensive Research Report by FMI
Canada, US, and China Shale Gas Hydraulic Fracturing Market - Analysis, Outlook, Growth, Trends, Forecasts
/EIN News/ -- DUBAI, United Arab Emirates, Jan. 18, 2022 (GLOBE NEWSWIRE) -- The shale gas hydraulic fracturing market in Canada, US, and China experienced robust year-on-year (YoY) growth rate during 2021. While the total market volume across these countries totaled 28,866.50 units in 2021, it is projected to increase at 9.2% CAGR between 2021 and 2027, surpassing around 48,814.70 units by the end of 2027.
| Attribute | Details |
| Canada, US, and China Shale Gas Hydraulic Fracturing Market Estimated Volume (units) in 2021 | 28,866.50 |
| Canada, US, and China Shale Gas Hydraulic Fracturing Market Volume CAGR (2021-2027) | 9.2% |
| Canada, US, and China Shale Gas Hydraulic Fracturing Market Projected Volume (units) in 2027 | 48,814.70 |
Future Market Insights assesses the shale gas hydraulic fracturing market in the U.S., Canada, and China in its newly published report titled, “Shale Gas Hydraulic Fracturing Market: Canada, US, and China Industry Analysis 2012–2020 and Opportunity Assessment 2021–2027.” According to the report, the US market production value is anticipated to expand from 18,059 BCF (2017) at a 9.8% CAGR, Canadian market’s production volume of 213.3 BCF in 2017 will possibly thrive at a CAGR of 8.4%, whereas Chinese market will witness the highest CAGR of 21.2%, up from the production volume of 317.6 BCF in 2017.
Request for Report Sample - https://www.futuremarketinsights.com/reports/sample/rep-na-3699
US Possesses the Maximum Number of Recoverable Reserves
All the three regions are expected to witness robust growth over the forecast period and will remain the key regions for shale gas production in the next decade. However, the US market will reportedly maintain the top position owing to introduction of various technological innovations since the past few years. In addition, the country is inclining more towards using cheaper energy resources, which include shale gas; which further creates promising scenario for market growth within the US market over the 10-year forecast period.
“The market performance is highly dependent on the presence of natural gas reserves, precisely the number of recoverable shale gas reserves in a particular region,” states a research analyst (Energy, Mining, Oil & Gas domain). The major Marcellus (the largest) Shale producers are Range Resources, EQT, Rice Energy, Chevron, CONSOL Energy; the Niobrara shale include producers such as Anadarko Petroleum, Noble Energy, Devon Energy, EOG Resources, and Whiting Petroleum.
The US thus will continue to win over other markets owing to the presence of maximum recoverable reserves of natural gas. Furthermore, frequent technological innovations particularly in the US market for shale gas production are also said to provide this region with a major thrust.
The Future Market Insights’ report indicates that the US will remain dominant in terms of technology, exploration, development, production, and export of shale gas, the US will be the global leader throughout 2017-2027. Production of shale gas through hydraulic fracturing is expected to remain the most popularly used, profitable process to produce shale gas.
US Market Taxonomy – Overview
Based on the technology used for shale gas extraction in US industry, plug and perforation segment registered more than 70% share of the total production volume attained by US market. In terms of technology and profit, plug and perforation technology has brought in several advantages to the US shale gas industry. This segment is apprehended to maintain dominance through to 2027 with a robust CAGR of over 10%, followed by the second segment – sliding sleeve technology.
By end-use application, power generation is currently the largest segment with around 40% share of the US production volume, followed by industrial segment. Over the forecast period, the volume shares of transportation, residential, and industrial segments are foreseen to increase at significant CAGR values owing to increasing applications.
Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-na-3699
Rather than descending natural gas prices over the past few years, a Future Market Insights’ analyst finds out that greater convenience of the fracturing process plays a crucial role in increasing adoption of hydraulic fracturing process for extraction of shale gas. On the flipside, there are certain barriers to growth of US shale gas hydraulic fracturing market, which may hamper the growth in near future. A few of them include hefty water consumption levels during hydraulic fracturing process and emission of a wide range of hazardous pollutants in underground water, both of which are apparently not acceptable by the environmental point of view.
Scope of the Report
| Attribute | Details |
| Forecast Period | 2012-2020 |
| Historical Data Available for | 2021-2027 |
| Market Analysis | Units for Volume |
| Key Regions Covered | Canada, China and the U.S. |
| Key Countries Covered | China, Canada and the U.S. |
| Key Segments Covered | Technology, Application and Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Buy Now@ https://www.futuremarketinsights.com/checkout/3699
About Oil & Gas Division at Future Market Insights
With a repository of over 500 reports on energy, mining, oil & gas industry, an expert-led team of analysts in Future Market Insights has consistently tracked and assessed changing dynamics of the industry. The team conducts a number of complex projects pertaining to evolving trends in the fuel market, ongoing transformation in the energy industry, and technological impact on the mining sector. Keeping up with futuristic direction, the team offers in-depth insights and consulting services; reach out to know how we can help meet your business intelligence needs.
Explore FMI’s Extensive ongoing Coverage on Oil and Gas Domain
Protective Relay Market: Insights revealed by the assessment on the Protective Relay Market portray substantial gains, with the market expanding at around 5.5% to 6.5% CAGR from 2021 to 2031.
Traction Transformer Market: Insights revealed by the assessment on the Traction Transformer Market portray substantial gains, with the market expanding at around 4.5% to 5.5% CAGR from 2021 to 2031.
Portable Fuel Cells Market: According to latest research estimates, portable fuel cells market is projected to witness lucrative growth over the coming decade.
Portable Power Station Market: According to research estimates, Portable Power Station Market is predicted to witness robust growth in the next decade i.e. 2021-2031.
Photovoltaic Mounting System Market: According to a research study, Photovoltaic Mounting System market is set to witness robust growth during 2021-2031 with a CAGR of 10% to 11%.
Distribution Transformers Market: According to recent study, the distribution transformers market is expected to experience substantial growth, expanding CAGR of over 6% from 2021 to 2031.
Swellable Packers Market: The pressure and expansion rate of the swellable packers depend on various factors such as liquid temperature, concentration and a specific gravity of hydrocarbons in a liquid.
Sand Control Screens Market: Oil and gas industry across the globe has witnessed significant growth in recent years and this growth is expected to persist over the forecast period.
Rock Duster Market: Increase in adoption of rock duster in agricultural land has been witnessed, to enhance nutritional and mineral value which is increasing the productively of agriculture land.
Liner Hanger Market: Growing adoption of hydraulic fracturing is anticipated to significantly drive the demand for liner hangers in the coming years.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/shale-gas-hydraulic-fracturing-market
Press Release Source: https://www.futuremarketinsights.com/press-release/shale-gas-hydraulic-fracturing-market
Distribution channels: Book Publishing Industry, Science
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Submit your press release