Shale Gas Processing Equipment Market by Component (Compressors & Pumps, Electrical Machinery, Heat Exchangers, Internal Combustion Engines, Measuring & Controlling Devices, And Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

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The global shale gas processing equipment market is operating at introductory phase of its industry life cycle and it is heading towards growth expansion phase. As of now, only few countries have commercially exploited the shale gas reserves the U.S., Canada, and Algeria being one of them. However, other countries are in line with their long terms mission to develop commercial scale shale production. China government along with private oil and gas manufacturers is highly focused to undertake shale gas production, as its energy needs are majorly import driven.  The country has made more than $5 billion investment and expected to invest more during next five years. Considering Chinas robust manufacturing capacity, the country is expected to witness penetration of large number of shale gas equipment manufacturers thereby providing healthy growth opportunities.

The U.S. is the major country level market in shale gas processing equipment segment. It is now exporting natural gas driven by increasing shale gas production day by day. Most of the manufacturers are small scale and mid-scale in nature in the U.S., hence, the trend for merger and acquisition is expected to be observed in this country during the coming years.