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A10503 | Pages: NA | Charts: NA | Tables: NA |
Unconventional gas is a natural gas obtained from specific locations that are considered to be new and different. The sources of unconventional gas might include coalbed methane, shale gas, and methane clathrate. These gasses are majorly extracted using the hydraulic fracturing technique. In this process, a mixture of chemicals, sand, and water is injected into the gas reservoirs at extremely high pressure to fracture rocks and release the gas.
Market scope and structure analysis :
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Schlumberger Limited, Royal Dutch Shell plc., Chevron Corporation, ExxonMobil Corporation, Total S.A., Halliburton Inc., Weatherford International Plc., National Oilwell Varco, BP Plc., Emerson Automation Solutions, and TechnipFMC Plc. |
COVID-19 scenario analysis:
Top impacting factors: market scenario analysis, trends , drivers, and impact analysis
With the rapid growth in industrialization across the globe, there is a rise in demand for fuels as energy sources in the market. In the recent past, there is a significant increase in the usage of natural gas in transportation and domestic including both residential and commercial sectors. Moreover, the growing concerns about the environment regarding the per capita carbon emission has also led to the increase in demand for natural gas in the market. In addition to, the abundance of unconventional gas in different parts of the world especially in the North America region has also played a major role in the increasing global consumption. Several major oil and gas companies are investing on the research and developments for exploring different sources of unconventional gas around the world. However, the adverse health effects such as respiratory problems and effects on brain and nervous system caused during the extraction of unconventional gas might act as a factor for the market.
The North America region holds a significant fraction of the global unconventional gas market. This is because of the high reserves of unconventional gas in places like Canada. The Middle Eastern countries including Saudi Arabia, Qatar, Iran and others Are investing for rapid development of conventional gas market.
Key segments covered:
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Key benefits of the report:
Key Market Segments
Key Market Players