Shale
gas is an unconventional natural gas trapped within shale formations, which is
then explored through various technologies such as horizontal drilling,
hydraulic featuring, etc. The depleting reserves of natural resources compelled
the gas industries to focus on the unconventional resources such as shale gas.
Shale gas holds the largest share of the global natural gas market. Due to the
presence of huge shale gas resources in the region, U.S.A. is the biggest
producer of natural gas and also the largest exporter of LNG (liquefied natural
gas) and pipeline gases.
The
major players in the global shale gas market are Baker Hughes Incorporated,
Anadarko Petroleum Corporation, Bhp Billiton limited, Eog resources, Inc., Bp
plc, Conocophillips, Royal Dutch shell plc, Exxonmobil, Statoil SA, Total
SA, Reliance industries ltd. and Chesapeake energy corporation. As one of its
market expansion strategy, Anadarko Petroleum Corporation has installed the
SPAR platform at the Lucius field in the Gulf of Mexico. British Petroleum (BP)
has established a separate business unit for the U.S. market to strengthen the
countries shale oil and gas business.
The
global shale gas market is segmented based on technology, application and
geography. Based on technology, the market is further divided into horizontal
drilling, hydraulic fracturing and water usage issue. Based on application, the
market is further segmented into industrial, power generation, commercial,
residential and transportation. Among all, shale gas is widely used in the
industrial and power generation application. Based on geography, the market is
segmented into North America, Europe, Asia Pacific and LAMEA. U.S. dominates
the global market in terms of production and revenue as well.
Key
benefits
- The study helps in understanding the business strategies
adopted by various companies for the growth of the global shale gas
market
- The shale gas market, in terms of volume and revenue, is
comprehensively analyzed across the globe
- Porter’s five forces model gives an in-depth analysis of the
bargaining power of buyers & suppliers, threats of new entrants &
substitutes and competition amongst the key market players
- The drivers and restraints of this market are systematically
analyzed and major focus is given towards the present and upcoming
opportunities in this market
- The value chain and SWOT analysis offers key insights to the
stake holders of this market
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