Unconventional Gas Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Natural gas is the most sought-after oil product in the global primary energy mix. For years, the world has discussed its ability to play a crucial role in creating a robust and sustainable energy future. Recent advancements in shale gas operations in the United States have opened new opportunities for economic and secure natural gas supplies. Unconventional gas has recently emerged as a key energy source widely used in transportation and residential purposes. Hydraulic fracturing produces unconventional oil and gas in which horizontal directional drilling is combined with high-pressure water, sand, and chemicals to fracture rock and release hydrocarbons. Unconventional gas is based on type, i.e. shale gas, tight gas, and coal bed methane. All three gases are used on a huge scale in the industrial process, whereas shale and tight gas are specifically applicable for transportation and domestic purpose.

MARKET SCOPE

The "Global Unconventional Gas Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the unconventional gas market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading unconventional gas market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the market is segmented into shale gas, tight gas, and coal bed methane.
  
•  Based on end user, the market is segmented into industrial, residential, and commercial.
  

MARKET DYNAMICS

Drivers:

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•  The increasing demand for natural gas in various industries is boosting the growth of the unconventional gas market.
  

Restraints:

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•  The high cost may hinder the growth of the unconventional gas market.
  

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 market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The unconventional gas 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 market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 unconventional gas market in these regions.

IMPACT OF COVID-19 ON UNCONVENTIONAL GAS MARKET

The growth of the unconventional gas market sowed during the pandemic has constrained the supply of raw materials due to severe disruptions in the commercial and global economies. Companies had to shut down their manufacturing plants and services as lockdowns were imposed to contain the pandemic. This resulted in increased costs of raw materials due to the shortage of supplies. Thus, the pandemic has negatively impacted the unconventional gas market.

MARKET PLAYERS

The report covers key developments in the unconventional gas 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 the way for the expansion of the business and customer base of market players. The market players from the unconventional gas market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the unconventional gas 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.
  
•  Chevron Corporation.
  
•  Emerson Electric Co.
  
•  Exxon Mobil Corporation
  
•  General Electric
  
•  Halliburton
  
•  NOV Inc.
  
•  Schlumberger Limited.
  
•  TechnipFMC plc
  
•  TotalEnergies
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Unconventional Gas Report Scope