Dec 17, 2019   SOURCE: BusinessWire

Global Unconventional Gas Market Opportunities & Challenges During the Forecast Period, 2018-2026 - ResearchAndMarkets.com

The "Unconventional Gas Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026" report has been added to ResearchAndMarkets.com's offering

Currently, the world is facing challenges of shortage of conventional fossil fuels and degradation of the environment. Unconventional energy resources are being used increasingly to overcome these issues. Unconventional gas refers to natural gas that requires advanced production methods. These gas resources are found in unusual geological locations and therefore require special extraction technologies. Unconventional sources of gas have gained much attention of late due to their significant contribution to gas production in the U.S. There are three major types of unconventional gas: shale gas, tight gas, and coalbed methane. Global production of unconventional gas rose by 5.3% to 817 bcm in 2016 compared to that in 2015. North America accounted for more than 85% share of the total global production in 2016.

China is one of the leading shale gas producers in the world along with the U.S. and Canada. In 2016, shale gas production in the country rose by 76.3% to reach a new record of 7.9 bcm. In China, several state departments, including the National Development and Reform Commission, have proposed to promote natural gas exploration in order to make natural gas a major resource in the country's modern system of clean energy. According to the Chinese Ministry of Land and Resources (MLR), CNY 8.79 Bn (US$ 1.3 Bn) was spent on exploration of shale gas in the country in 2016.

Countries such as Saudi Arabia, Qatar, Kuwait, Iran, and Nigeria are concerned about the rapid development of unconventional gas, primarily shale gas. Traditionally, the economies of these countries have been reliant upon the high prices of oil, which is exported to various countries across the world. However, substitution of oil with gas in various sectors, such as transportation, is likely to hamper the GDP of the oil-producing countries. The U.S. and Germany have already started substituting oil with gas.

This report analyzes and forecasts the unconventional gas market at the global and regional levels. The market has been forecast based on value (US$ Mn) and volume (million cubic meters) for the period from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global unconventional gas market. It also covers the expected impact of these drivers and restraints on the demand for unconventional gas during the forecast period. The report also highlights opportunities for the unconventional gas market at the global and regional levels.

Key Takeaways

  • Global natural gas production stood at 3,680.4 billion cubic meters in 2017
  • According to the U.S. Energy Information Administration (EIA), global technically recoverable shale gas resources stand at 7,299 trillion cubic feet (Tcf)
  • North America is the leading region of the global unconventional gas market. The region constitutes more than 80% share of the global market.
  • North America accounted for more than 90% share of the global production of unconventional gas in 2017
  • According to the European Commission's Joint Research Centre, the technically recoverable potential of shale gas in the EU stands at around 16 trillion cubic meters (Tcm)
  • Currently, shale gas constitutes 47% share of gas production in the U.S.

Key Topics Covered:

1. Preface

1.1. Report Scope and Market Segmentation

1.2. Research Highlights

2. Assumptions and Research Methodology

2.1. Report Assumptions

2.2. Secondary Sources and Acronyms Used

2.3. Research Methodology

3. Executive Summary

3.1. Market Snapshot

3.2. Top Trends

4. Market Overview

4.1. Introduction

4.2. Market Indicators

5. Market Dynamics

5.1. Drivers and Restraints Snapshot Analysis

5.2. Porter's Five Forces Analysis

5.3. Global Unconventional Gas Market Analysis & Forecast (US$ Mn), 2017-2026

5.4. Regulatory Scenario

5.5. Value Chain Analysis

6. Global Unconventional Gas Market Analysis and Forecast, by Type, 2017-2026

6.1. Key Findings

6.2. Introduction

6.3. Global Unconventional Gas Market Volume (Million Cubic Meters) and Value (US$ Mn) Analysis & Forecast, by Type, 2017-2026

6.4. Global Unconventional Gas Market Attractiveness Analysis, by Type

7. Global Unconventional Gas Market Analysis and Forecast, by Application, 2017-2026

7.1. Key Findings

7.2. Introduction

7.3. Global Unconventional Gas Market Volume (Million Cubic Meters) and Value (US$ Mn) Analysis & Forecast, by Application, 2017-2026

7.4. Global Unconventional Gas Market Attractiveness Analysis, by Application

8. Global Unconventional Gas Market Analysis, by Region, 2017-2026

8.1. Key Findings

8.2. Global Unconventional Gas Market Volume (Million Cubic Meters) and Value (US$ Mn) Analysis & Forecast, by Region, 2017-2026

8.3. Global Unconventional Gas Market Attractiveness Analysis, by Region

9. North America Unconventional Gas Market Analysis, 2017-2026

10. Europe Unconventional Gas Market Analysis, 2017-2026

11. Asia Pacific Unconventional Gas Market Analysis, 2017-2026

12. Rest of World Unconventional Gas Market Analysis, 2017-2026

13. Competition Landscape

13.1. Competition Matrix

13.2. Global Unconventional Gas Market Share Analysis, by Company (2017)

13.3. Company Profiles

13.3.2. Chevron Corporation

13.3.3. BP plc.

13.3.4. Total S.A.

13.3.5. ExxonMobil Corporation

13.3.6. Weatherford International Plc.

13.3.7. National Oilwell Varco

13.3.8. Emerson Automation Solutions

13.3.9. TechnipFMC plc.

13.3.10. Baker Hughes, a GE company (BHGE)

13.3.11. Schlumberger Limited

13.3.12. Halliburton

14. Primary Research - Key Insights

For more information about this report visit https://www.researchandmarkets.com/r/kbnuu9