Shale Gas Processing Equipment Market Trends

  • Report ID: 847
  • Published Date: Oct 07, 2024
  • Report Format: PDF, PPT

Shale Gas Processing Equipment Market Trends

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.

Shale Gas Processing Equipment Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

14.8%

Base Year Market Size (2023)

USD 9.83 billion

Forecast Year Market Size (2036)

USD 59.13 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Dhruv Bhatia


  • Report ID: 847
  • Published Date: Oct 07, 2024
  • Report Format: PDF, PPT
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