NS Energy is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More X
Home » pressreleases » Unconventional Gas Market Estimated to Reach US$ 269 Bn by 2026: TMR

Transparency Market Research - Experts in Market Research


Unconventional Gas Market Estimated to Reach US$ 269 Bn by 2026: TMR

Transparency Market Research, New York: The global unconventional gas market was valued at around US$ 128 Bn in 2017 and is anticipated to expand at a CAGR of 8.61% from 2018 to 2026, according to a new report titled Unconventional Gas Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) Unconventional natural gas, which includes shale gas, tight gas, and coalbed methane, has been more difficult and costly to exploit than conventional deposits. Fossil fuels accounted for more than 85% of the global demand for energy by the end of 2016. Natural gas ranked third (24%), after oil (33%) and coal (28%) during the same period. 

Request for Covid-19 Impact Analysis on Unconventional Gas Market: https://www.transparencymarketresearch.com/Covid19.php

Rising Demand for Unconventional Gas Exploration

Increase in investments in exploration and production of offshore oil and gas is propelling the adoption of unconventional gas around the world. Upstream activities for the oil & gas industry are expected to boost their production volumes, thereby propelling the unconventional gas treatment market. Global price of natural gas has been increasing at a steady pace since the beginning of 2018. Offshore and onshore exploration and production activities have also picked up at a significant pace. Growth in shale gas has prompted many countries around the globe to look at exploiting their own unconventional gas resources. 

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

Shale Gas to Remain Dominant Type Segment

In terms of type, the shale gas segment dominated the global unconventional gas market in 2017. Shale gas is a natural gas trapped within the shale formation. It is derived from underground shale deposits that are broken up by hydraulic fracturing. Shale gas is a cleaner burning fuel than coal and crude oil. The combustion of shale gas emits significantly lower levels of pollutants, including carbon dioxide, nitrogen oxide, and sulfur dioxide than the combustion of coal and oil. There are abundant reserves of shale gas around the world. These may be sufficient to meet the demand for clean energy for many years.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/1497

Major Norms and Regulations Related to Unconventional Gas

  • The US Environmental Protection Agency (EPA) has amended regulations to avoid gas contamination in the areas where hydraulic fracturing is conducted in the zones of unconventional gas fields
  • National Oil Spill Detection and Response Agency (NOSDRA) is mandated to play the lead role in ensuring timely, effective, and appropriate response to oil spills, as well as ensuring clean up and remediation of all impacted sites to the best practical extent
  • The European Commission has selected the Brussels-based law firm Philippe & Partners to carry out the study ‘EC TENDER TREN/R1/350-2008 lot 1 on Unconventional Gas in Europe.’ The European Commission has set legal framework, including environmental law, which is applied to the licensing/authorization and operational permitting for prospection, exploration, and production/exploitation of unconventional gas.
  • In 2013, the Government of Australia amended the Environment Protection and Biodiversity Conservation Act 1999 for large coal mining companies to obtain Commonwealth approval where they would have a ‘significant impact’ on water resources


Purchase Premium Research Report on Unconventional Gas Market @ https://www.transparencymarketresearch.com/checkout.php

Industrial Application Dominates Global Unconventional Gas Market

Based on application, the industrial segment dominated the global unconventional gas market with more than 34% share in terms of value in 2017. The segment was followed by the power generation segment. Power consumption has increased substantially across the globe over the last few years. Strong growth of the economy and rise in population have boosted power consumption. Thus, the power generation segment is expected to expand at a rapid pace during the forecast period.

Market in North America, especially in U.S., Expected to Expand at Substantial Pace

North America dominated the global unconventional gas market in 2017. More than 800 billion cubic meter (Bcm) of unconventional gas was produced in the region in 2017. The active rotary rig count in the region increased from 1,036 in January 2017 to 1,261 in January 2018. In terms of volume, North America accounted for 91.1% share of global unconventional gas market in 2017. The U.S. was the prominent producer of unconventional gas in 2017. Barnet Shale and Marcellus shale are among the important shale gas reserves in the country. Currently, shale gas constitutes 47% share of gas production in the U.S. The percentage is estimated to rise to 50% by 2030.

Highly Competitive Market with Dominance of Leading Players

The global unconventional gas market is highly fragmented. Key players operating in the global market are Baker Hughes, a GE company (BHGE), 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.

Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm

The global unconventional gas market has been segmented as follows:

Global Unconventional Gas Market, by Type

  • Shale Gas
  • Tight Gas
  • Coalbed Methane

Global Unconventional Gas Market, by Application

  • Industrial
  • Power Generation
  • Residential
  • Commercial
  • Transportation

Global Unconventional Gas Market, by Region

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • Russia
    • K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • Argentina
    • Others

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm


Explore Transparency Market Research’s award-winning coverage of the global Energy & Natural Resources Industry,

Portable Filtration Systems Market – The portable filtration systems market can be segmented based on type of technology, flow rate, end-user, and region. Based on type of technology, the portable filtration systems market can be segmented into pressure filtration systems, centrifugal filtration systems, and vacuum filtration systems. Pressure filtration systems are utilized to protect downstream components from getting contaminated with contamination levels exceeding beyond the recommended cleanliness goal. Centrifugal filtration systems utilize the pressure of the fluid mean utilize the pressure of the fluid in order to travel through the system to rotate the rotor at greater speeds that are high enough to separate impure particles from the fluid. Vacuum filtration systems utilize a vacuum chamber to draw dirty coolant through the disposable of the filter media.

Building Energy Management System Market – Building energy management system is a vital component to manage the demand for energy in a large complex or multi- building site. There is a significant difference between BEMS and other control systems as the former provides distinctive features such as communication, information of processes, and other remotely-operated roles which can be controlled through a central point or a single operating unit. Technological developments in the BEMS hardware for sensors and communication highways and computer processing power have rendered BEMS a preferred management system. BEMS not only created rapid developments but has also significantly reduced the cost of management systems. Advancement in technology has also amplified the possibilities of usage of BEMS.

Offshore Crane Market – Developments in the offshore crane market include roller bearings, which is used in production duty. However, the recent design is for modern methods of supporting high use cranes, which is used in floating installations and is a preferred arrangement for drilling duty and floating applications. Rise in demand for offshore renewable industry boosts demand for offshore cranes. Key market players are largely investing in research & development of offshore wind farms, which are producing more electricity. This is expected to be a major driver of the offshore crane market during the forecast period.

Steam Turbines Market – Increasing electricity consumption, rising thermal power capacity additions, and surging combined-cycle and co-generation operations are major drivers of the steam turbines market. Regulatory policy restrictions on fossil-fuel-fired power plants and slowdown in the construction of new nuclear power plants are major restraining factors for the steam turbines market. Replacement or upgrade of aged power generation infrastructure is presenting growth opportunities for the steam turbines market. Demand for nuclear energy based electricity generation is increasing across the world thus anticipating opening up new growth opportunities. 

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm


About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.



Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/unconventional-gas.htm
Website: http://www.transparencymarketresearch.com

Contact Transparency Market Research - Experts in Market Research

Transparency Market Research - Experts in Market Research