Shale Gas Hydraulic Fracturing Market Analysis, Size Share, Forecast and Opportunity Assessment to 2027
April 16, 2019 by alok
In order to study the various trends and patterns prevailing in the overall market Hydraulic Fracturing, Market Research Reports Search Engine (MRRSE) has included a new report titled “Shale Gas Hydraulic Fracturing Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.
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The shale gas hydraulic fracturing markets in Canada, US, and China are expected to individually register impressive growth over a 10-year forecast period. While US is anticipated to remain the global leader, China is foreseen to be a lucrative region thriving at the fastest CAGR value. In terms of volume, the US market that represented a production volume of 18,059 BCF in 2017 is estimated to grow at a 9.8% CAGR through to 2027, whereas the 317.6 BCF Chinese market is likely to witness a stellar CAGR of 21.2%. Canada’s shale gas hydraulic fracturing volume was 213.3 BDF in 2017, which is expected to reach up by a CAGR of 8.4% over 2017-2027.
Shale gas hydraulic fracturing is a popular shale gas production process that involves extraction of trapped natural oil or gas by fracturing the shale rock, eventually enhancing the flow of natural oil or gas that needs to be recovered. Although the prices of natural gas have been seeing an affordable decline since the recent past, the real boost to the market in the US is being provided by greater convenience of shale gas production through hydraulic fracturing compared to that through the conventional method. However, heavy consumption of water during shale gas production through hydraulic fracturing may turn out to remain a major challenge to growth of this process. Moreover, both production and transportation of shale gas tend to release a heap of toxic pollutants in underground water, which is another factor that will continue to hold a strong negative impact on growth of market in near future. Plug & perforation poised for robust growth
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