Methane Hydrate Extraction Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Methane hydrate is basically a crystalline solid containing of a methane molecule surrounded by a cage of water molecules that interlocks. Methane hydrate is a "rock" that occurs naturally only in subsurface deposits where conditions of temperature and pressure are optimal for its formation. Several names are commonly used for methane hydrate which includes: hydromethane, methane ice, natural gas hydrate, methane clathrate, fire ice, and gas hydrate.
MARKET DYNAMICS
Methane hydrate extraction market is increasing due to the factor such as it has the potential to produce natural gas at a very large scale. Additionally, the increasing methane hydrate extraction activities will drive the market of methane hydrate extraction at a global level. However, the life threatening risk and challenges associated with methane hydrate drilling activities may retraint the growth of the global methane hydrate extraction market. Nonetheless, the government support to discover hydrate reserves and commercialize them may provide an opportunity to the global methane hydrate extraction market.
MARKET SCOPE
The "Methane Hydrate Extraction Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the methane hydrate extraction market with detailed market segmentation by source, application and geography. The methane hydrate extraction market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading methane hydrate extraction market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global methane hydrate extraction market is segmented into source and application. On the basis of source the global methane hydrate extraction market is segmented as seabed, permafrost, others. On the basis of application the global methane hydrate extraction market is segmented as commercial, transportation, heavy industries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global methane hydrate extraction market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The methane hydrate extraction market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the global methane hydrate extraction market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the global methane hydrate extraction in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global methane hydrate extraction market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The methane hydrate extraction market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the global methane hydrate extraction market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the global methane hydrate extraction in these regions.
MARKET PLAYERS
The reports cover key developments in the global methane hydrate extraction market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from global methane hydrate extraction are anticipated to lucrative growth opportunities in the future with the rising demand for the global methane hydrate extraction in the global market. Below mentioned is the list of few companies engaged in the global methane hydrate extraction.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the global methane hydrate extraction market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BP p.l.c.
- ConocoPhillips Company
- Halliburton
- Indian Oil Corporation Ltd.
- INPEX Corporation
- Japan Petroleum Exploration Co., Ltd.
- Oil & Natural Gas Corporation (ONGC)
- PetroChina Company Limited
- Schlumberger Limited
- Woodside Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Methane Hydrate Extraction Market - By Source
1.3.2 Methane Hydrate Extraction Market - By Application
1.3.3 Methane Hydrate Extraction Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. METHANE HYDRATE EXTRACTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. METHANE HYDRATE EXTRACTION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. METHANE HYDRATE EXTRACTION MARKET - GLOBAL MARKET ANALYSIS
6.1. METHANE HYDRATE EXTRACTION - GLOBAL MARKET OVERVIEW
6.2. METHANE HYDRATE EXTRACTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. METHANE HYDRATE EXTRACTION MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. SEABED
7.3.1. Overview
7.3.2. Seabed Market Forecast and Analysis
7.4. PERMAFROST
7.4.1. Overview
7.4.2. Permafrost Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. METHANE HYDRATE EXTRACTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. TRANSPORTATION
8.4.1. Overview
8.4.2. Transportation Market Forecast and Analysis
8.5. HEAVY INDUSTRIES
8.5.1. Overview
8.5.2. Heavy Industries Market Forecast and Analysis
9. METHANE HYDRATE EXTRACTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Methane Hydrate Extraction Market Overview
9.1.2 North America Methane Hydrate Extraction Market Forecasts and Analysis
9.1.3 North America Methane Hydrate Extraction Market Forecasts and Analysis - By Source
9.1.4 North America Methane Hydrate Extraction Market Forecasts and Analysis - By Application
9.1.5 North America Methane Hydrate Extraction Market Forecasts and Analysis - By Countries
9.1.5.1 United States Methane Hydrate Extraction Market
9.1.5.1.1 United States Methane Hydrate Extraction Market by Source
9.1.5.1.2 United States Methane Hydrate Extraction Market by Application
9.1.5.2 Canada Methane Hydrate Extraction Market
9.1.5.2.1 Canada Methane Hydrate Extraction Market by Source
9.1.5.2.2 Canada Methane Hydrate Extraction Market by Application
9.1.5.3 Mexico Methane Hydrate Extraction Market
9.1.5.3.1 Mexico Methane Hydrate Extraction Market by Source
9.1.5.3.2 Mexico Methane Hydrate Extraction Market by Application
9.2. EUROPE
9.2.1 Europe Methane Hydrate Extraction Market Overview
9.2.2 Europe Methane Hydrate Extraction Market Forecasts and Analysis
9.2.3 Europe Methane Hydrate Extraction Market Forecasts and Analysis - By Source
9.2.4 Europe Methane Hydrate Extraction Market Forecasts and Analysis - By Application
9.2.5 Europe Methane Hydrate Extraction Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Methane Hydrate Extraction Market
9.2.5.1.1 Germany Methane Hydrate Extraction Market by Source
9.2.5.1.2 Germany Methane Hydrate Extraction Market by Application
9.2.5.2 France Methane Hydrate Extraction Market
9.2.5.2.1 France Methane Hydrate Extraction Market by Source
9.2.5.2.2 France Methane Hydrate Extraction Market by Application
9.2.5.3 Italy Methane Hydrate Extraction Market
9.2.5.3.1 Italy Methane Hydrate Extraction Market by Source
9.2.5.3.2 Italy Methane Hydrate Extraction Market by Application
9.2.5.4 United Kingdom Methane Hydrate Extraction Market
9.2.5.4.1 United Kingdom Methane Hydrate Extraction Market by Source
9.2.5.4.2 United Kingdom Methane Hydrate Extraction Market by Application
9.2.5.5 Russia Methane Hydrate Extraction Market
9.2.5.5.1 Russia Methane Hydrate Extraction Market by Source
9.2.5.5.2 Russia Methane Hydrate Extraction Market by Application
9.2.5.6 Rest of Europe Methane Hydrate Extraction Market
9.2.5.6.1 Rest of Europe Methane Hydrate Extraction Market by Source
9.2.5.6.2 Rest of Europe Methane Hydrate Extraction Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Methane Hydrate Extraction Market Overview
9.3.2 Asia-Pacific Methane Hydrate Extraction Market Forecasts and Analysis
9.3.3 Asia-Pacific Methane Hydrate Extraction Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Methane Hydrate Extraction Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Methane Hydrate Extraction Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Methane Hydrate Extraction Market
9.3.5.1.1 Australia Methane Hydrate Extraction Market by Source
9.3.5.1.2 Australia Methane Hydrate Extraction Market by Application
9.3.5.2 China Methane Hydrate Extraction Market
9.3.5.2.1 China Methane Hydrate Extraction Market by Source
9.3.5.2.2 China Methane Hydrate Extraction Market by Application
9.3.5.3 India Methane Hydrate Extraction Market
9.3.5.3.1 India Methane Hydrate Extraction Market by Source
9.3.5.3.2 India Methane Hydrate Extraction Market by Application
9.3.5.4 Japan Methane Hydrate Extraction Market
9.3.5.4.1 Japan Methane Hydrate Extraction Market by Source
9.3.5.4.2 Japan Methane Hydrate Extraction Market by Application
9.3.5.5 South Korea Methane Hydrate Extraction Market
9.3.5.5.1 South Korea Methane Hydrate Extraction Market by Source
9.3.5.5.2 South Korea Methane Hydrate Extraction Market by Application
9.3.5.6 Rest of Asia-Pacific Methane Hydrate Extraction Market
9.3.5.6.1 Rest of Asia-Pacific Methane Hydrate Extraction Market by Source
9.3.5.6.2 Rest of Asia-Pacific Methane Hydrate Extraction Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Methane Hydrate Extraction Market Overview
9.4.2 Middle East and Africa Methane Hydrate Extraction Market Forecasts and Analysis
9.4.3 Middle East and Africa Methane Hydrate Extraction Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Methane Hydrate Extraction Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Methane Hydrate Extraction Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Methane Hydrate Extraction Market
9.4.5.1.1 South Africa Methane Hydrate Extraction Market by Source
9.4.5.1.2 South Africa Methane Hydrate Extraction Market by Application
9.4.5.2 Saudi Arabia Methane Hydrate Extraction Market
9.4.5.2.1 Saudi Arabia Methane Hydrate Extraction Market by Source
9.4.5.2.2 Saudi Arabia Methane Hydrate Extraction Market by Application
9.4.5.3 U.A.E Methane Hydrate Extraction Market
9.4.5.3.1 U.A.E Methane Hydrate Extraction Market by Source
9.4.5.3.2 U.A.E Methane Hydrate Extraction Market by Application
9.4.5.4 Rest of Middle East and Africa Methane Hydrate Extraction Market
9.4.5.4.1 Rest of Middle East and Africa Methane Hydrate Extraction Market by Source
9.4.5.4.2 Rest of Middle East and Africa Methane Hydrate Extraction Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Methane Hydrate Extraction Market Overview
9.5.2 South and Central America Methane Hydrate Extraction Market Forecasts and Analysis
9.5.3 South and Central America Methane Hydrate Extraction Market Forecasts and Analysis - By Source
9.5.4 South and Central America Methane Hydrate Extraction Market Forecasts and Analysis - By Application
9.5.5 South and Central America Methane Hydrate Extraction Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Methane Hydrate Extraction Market
9.5.5.1.1 Brazil Methane Hydrate Extraction Market by Source
9.5.5.1.2 Brazil Methane Hydrate Extraction Market by Application
9.5.5.2 Argentina Methane Hydrate Extraction Market
9.5.5.2.1 Argentina Methane Hydrate Extraction Market by Source
9.5.5.2.2 Argentina Methane Hydrate Extraction Market by Application
9.5.5.3 Rest of South and Central America Methane Hydrate Extraction Market
9.5.5.3.1 Rest of South and Central America Methane Hydrate Extraction Market by Source
9.5.5.3.2 Rest of South and Central America Methane Hydrate Extraction Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. METHANE HYDRATE EXTRACTION MARKET, KEY COMPANY PROFILES
11.1. BP P.L.C.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CONOCOPHILLIPS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HALLIBURTON
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INDIAN OIL CORPORATION LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INPEX CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JAPAN PETROLEUM EXPLORATION CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OIL AND NATURAL GAS CORPORATION (ONGC)
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PETROCHINA COMPANY LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCHLUMBERGER LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WOODSIDE INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BP p.l.c.
2. ConocoPhillips
3. Halliburton
4. Indian Oil Corporation Ltd.
5. INPEX Corporation
6. Japan Petroleum Exploration Co., Ltd.
7. Oil and Natural Gas Corporation (ONGC)
8. PetroChina Company Limited
9. Schlumberger Limited
10. Woodside Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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