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.
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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
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