Shale Gas Processing Equipment Market Size & Share, by Technologies (Horizontal Drilling and Hydraulic Fracturing); End User (Industrial, Power Generation, Commercial, Residential and Transportation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

• Growing Demand for Energy: Increasing demand for shale gas is accelerating the need for the investments, which in return is giving rise to the demand for the shale gas processing equipments. In last few years, there has been a tremendous need for energy by many industries which is raising the requirement for more fuel reserves that is unconventional in nature, for instance, oil and natural gas.
• Produces Less Carbon: Shale gas replaces coal and oil which emits maximum amount of carbon. It is good for the environment and produces less pollution, thus makes it more popular. It increases the demand of shale gas which in turn gives boost to the market of shale gas processing equipment.

Challenges

• High Installation Cost To Restrict The Market Growth: Major restraining factor of this market is the initial investment cost. It requires good capital to step-up the equipment and to extract the shale gas. This process helps in elimination components such as N2, H2S, hydrocarbons, CO2, and H2O from the raw shale gas to make it suitable for commercial usage. All this process requires more time and high initial investment which in turn hampers the market growth.
• Gas Leakage and Water Contamination: In developing countries, lack of awareness, fear of gas leakage and water contamination might act as an obstacle to the growth of the shale gas equipment market.