Growth Drivers
Challenges
Shale gas is a natural gas covered within a shale formation whose reserves are spread almost all across the world. Development in the form of drilling technologies on account of increasing demand for shale gas, backed by its increasing application in end user industries, has made shale gas production economical. Such a factor is anticipated to promote the growth of the global shale gas processing equipment market. Moreover, the global shale gas processing equipment market is anticipated to record a CAGR of around 17% over the forecast period i.e. 2020-2028.
The market is segmented by technologies, by end user & by region. Based on technology, the market is bifurcated into horizontal drilling and hydraulic fracturing, out of which, the demand for horizontal drilling market is increasing and it is anticipated that next 8 years are going to be best growth years for this market.
On the other hand, the end user segment is segmented into industrial, power generation, commercial, residential and transportation, out of which, power generation segment is estimated to hold a significantly large share in the market and anticipated to grow at a robust CAGR over the forecast period.
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Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
14.8% |
Base Year Market Size (2024) |
USD 11.28 billion |
Forecast Year Market Size (2037) |
USD 67.85 billion |
Regional Scope |
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Author Credits: Dhruv Bhatia
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