Transparency Market Research published new
market report “Unconventional Gas (Shale Gas, Tight Gas and Coal Bed
Methane) Market for Industrial, Power Generation, Residential, Commercial and
Transportation Applications - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 - 2019," global unconventional gas market was valued at USD 93.95 billion in 2012
and is expected to reach USD 126.93 billion by 2019, growing at a CAGR of 4.7%
from 2013 to 2019. In terms of volume, global production was 23.48 trillion
cubic feet (tcf) in 2012 and is expected to reach 34.12 tcf by 2019, growing at
a CAGR of 5.8% from 2013 to 2019.
Browse the full report at http://www.transparencymarketresearch.com/unconventional-gas.html
Depleting
conventional gas reserves coupled with fluctuating natural gas prices has led
to increasing preference towards unconventional gases. In addition, abundant
availability of technically recoverable unconventional gas reserves backed by
technological advancement in the U.S. is further expected to boost the market
growth.
Tight gas was the
largest produced unconventional gas and accounted for over 44% of the total
market in 2012. Shale gas is expected to be the fastest growing gas type at an
estimated CAGR of 7% from 2013 to 2019. Shale gas success in U.S. has led other
countries such as China to shift their focus towards developing shale gas.
Global CBM production is expected to reach 4,256.8 bcf by 2019, U.S. and Canada
CBM markets are nearing saturation and are expected to grow at a sluggish rate.
However, CBM production in Asia Pacific, especially in Australia and Indonesia
is expected to drive the overall market. Australia, owing to its huge CBM deposits,
is expected to become one of the major CBM producers over the next six years.
U.S. emerged as
the leading producer of unconventional gas and accounted for more than 70% of
the total production in 2012. Large amount of shale gas reserves in the U.S.
coupled with advanced production techniques adopted is expected to shift the
U.S. from a net gas importer to a net gas exporter. Asia Pacific is expected to
be fastest growing market at an estimated CAGR of 20.8% between 2013 and 2019.
China has substantial technically recoverable shale gas reserves but presently
there is no shale gas production and it is expected to commence by 2015.
Unconventional
gases are being used in power generation and industrial application. Industrial
application accounted for nearly 30% of the total unconventional gas produced
in 2012. Power generation is expected to be the fastest growing application due
to increasing energy demand growing at a CAGR of 7.1% from 2013 to 2019. The
production of unconventional gases for residential application was nearly 4800
bcf in 2012. Transportation industry is expected to generate revenue worth USD
4.85 billion by 2019.
The global
unconventional gas market was highly fragmented with no clear leader. In 2012,
Chesapeake Energy, Exxon Mobil and Devon Energy emerged as top three
manufacturers of shale gas. BG Group, Arrow Energy and Dart Energy were top
three CBM manufacturers and accounted for over 60% of the total CBM production
in 2012. Anadarko, AGL Energy, BHP Billiton, BG Group, BP, Chevron, EXCO
Resources, Great Eastern Energy, Origin Energy, PetroChina, Shell and Total are
some of the key industry participants in the unconventional gas market.
This report
segments the global unconventional gas market as follows:
Shale Gas Market: Application
Analysis
- Industrial
- Power generation
- Residential
- Commercial
- Transportation
Coal Bed Methane Market:
Application Analysis
- Industrial
- Power generation
- Residential
- Commercial
- Transportation
Tight Gas Market: Application
Analysis
- Industrial
- Power generation
- Residential
- Commercial
- Transportation
Unconventional Gas Market
(Including shale gas, CBM and tight gas): Regional Analysis
- U.S.
- Canada
- Europe
- Asia Pacific
- Rest of the World
Chemical Market Reports Related
Blogs :
TABLE OF CONTENTS (TOC Summary)
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Unconventional Gas – Industry Analysis
Chapter 4 Shale Gas Market
Chapter 5 Coal Bed Methane (CBM) Market
Chapter 6 Tight Gas Market
Chapter 7 Company Profiles
Browse the report With Full TOC at http://www.transparencymarketresearch.com/unconventional-gas.html
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