Shale Gas Market to Grow at a CAGR of 9.3% During 2014-2020

PORTLAND, Oregon, October 14, 2014 /PRNewswire/ --

Big Market Research adds a report titled "Global Shale Gas Market (Technology, Application and Geography) - Industry Analysis, Trends, Share, Opportunities and Forecast, 2013 - 2020." The report forecasts the global shale gas market to attain a value of $104.1 billion by 2020, growing at a CAGR of 9.3% during 2014-2020. In terms of volume the market is expected to reach 19,619.4 bcf by 2020.

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One major reason for rising popularity of the shale gas market is the advent of horizontal drilling procedures and hydraulic fracturing. China has played a crucial role in triggering the growth of the market along with increasing natural gas dependence and insatiable energy needs.

To view the report, visit us at http://www.bigmarketresearch.com/shale-gas-market

"Shale gas, as potent alternative source of natural gas, is expected to shake up the global energy market in the coming years. The availability of large number of shale plays, which is estimated at 6,148 tcf in total, is presenting opportunity for marketer", state AMR analysts Apurva Sale and Guru Mallick. "Technological advancements vis-à-vis the exploration and extraction of shale gas are enabling corporations to gain strategically advantageous positions in the competitive market", add the analysts.

There are a large number of shale gas reserves across the globe for extraction. However, need for a large quantity of water and high cost of extraction would hinder the market growth. The report states that the growing dependence on shale gas would stabilize the economy due its sufficient availability across the globe. Stricter government regulations would slow down the market growth rate.

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There are numerous application areas of shale gas such as power generation, residential and commercial utility, industrial usage, and transportation. Power sector is expected to be the highest beneficiary of shale gas usage due to its cost effectiveness.

Production of shale gas in European and Asian countries would open up opportunities for the market in future. Asia Pacific region would grow fastest due to large availability of shale gas reserves and advancements in technologies.

Key Player profiled in the market are:-

• Baker Hughes Incorporation
• Anadarko Petroleum Corporation
• BHP Billiton Limited
• Royal Dutch Shell
• ConcoPhillips
• ExxonMobil & Chesapeake Energy Corporation

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