Shale Gas Equipment Market size is estimated to be valued at $13.5 billion by 2028, during the forecast period 2023 - 2028.
Shale gas is a natural gas buried deep within the earth's shale formation. It is extracted by drilling and shattering the shale rock, then refined, processed, and transported for commercial applications. Raw shale oil, in addition to processed and refined shale gas, is utilized for raw fuel, hydrogen production, and other purposes. Shale gas is processed and treated with the use of a variety of equipment known as shale gas equipment throughout the and refining phase. This investigation focuses on the overall equipment, which includes compressors and pumps, electrical machinery, heat exchangers, internal combustion engines, measuring and regulating devices, and others. Separators and filters, hydrators/glycol dehydrators, injection systems, and storage tanks are some of the additional pieces of equipment utilized to remove contaminants and store pure gas during various processes.
SHALE GAS EQUIPMENT MARKET REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 – 2028 |
Base Year |
2022 |
Forecast Period |
2023 - 2028 |
CAGR |
xx% |
Segments Covered |
By Component, and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Schlumberger (US),Sivalls (US),Van Air Systems (US),Koch Industries (US),Exterran Corp (US),Honeywell UOP (US),Gastech Engineering (US),Burckhardt Compression (Switzerland),ATB Group (Italy),Johnson Controls (Ireland) and Others. |
The growing demand for shale gas is likely to boost the requirement for investments and exploration operations. The demand for shale gas equipment and infrastructure has risen as a result of this. To fulfil the rising need for energy, numerous corporations have increased their exploring activities for unconventional fuel deposits. When compared to other conventional energy sources such as petroleum and coal, properties such as better calorific value and reduced carbon emissions are expected to boost the market even further.
The shale gas equipment market is projected to be hampered by stringent environmental policies and regulations for hydraulic fracturing imposed by governments to safeguard public interests, as well as changing natural gas prices. Because of the scarcity and contamination of groundwater around the world, the hydraulic fracturing method uses a lot of water to produce shale gas. As a result, the market for shale gas equipment is projected to slow.
The compressors and pumps category held the biggest market share and are likely to continue to do so through the projection period.
The heat exchanger is an important piece of equipment in gas plants. The expansion of the worldwide shale gas equipment market is being aided by technological advancements in heat exchangers.
In the shale gas equipment industry, North America is expected to be one of the largest market holders. Because of the vast shale reserves exploration, the United States dominates the market in North America as the hub of shale gas equipment. The shale gas equipment market in North America is expected to be driven by advancements in technology and cost-effective drilling techniques, as well as favorable government regulations.
During the forecast period, Europe's shale gas equipment market is likely to increase, particularly in Western Europe; however, rigorous government laws and regulations on environmental safety may impede the market's growth in the region.
China is predicted to emerge as a leader in shale gas exploration activities as a result of government initiatives, which will fuel the shale gas equipment market, surpassing North America over the forecast period. The shale gas equipment market in the Asia Pacific is likely to be driven by increased exploration activities and strong government policies to reduce petroleum use and enhance natural gas consumption. Developing countries such as India, China, Brazil, and South Africa are likely to provide possibilities for the shale gas equipment market during the forecast period, although limited water supply for hydraulic fracturing in some areas may limit the market's expansion.
Pall Corp is the largest player in the global shale gas equipment market.
The outbreak of the pandemic led to the disruption of manufacturing processes and supply chain management. At the same time, the industry experienced a shortage of raw materials. However, government agencies in various regions are now beginning to loosen regulation, and with that, the industry is expected to recover soon. The advent of shale, oversupply, and generous financial markets that neglected limited capital discipline contributed to poor profitability. The COVID-19 crisis is accelerating what was already shaping up to be one of the industry's most transformative moments. While the depth and duration of this crisis are uncertain, our research suggests that without fundamental change, it will be difficult to return to the attractive industry performance that has always prevailed.
Key Players in the Market:
Major Key Players in Shale Gas Equipment Market are
Frequently Asked Questions
By 2028, it is predicted that the global Shale Gas Equipment market can reach a valuation of US$ 13.5 billion.
The Global Shale Gas Equipment market can expand with a CAGR of xx% during the forecast period.
Schlumberger (US), Sivalls (US),Van Air Systems (US),Koch Industries (US), Exterran Corp (US),Honeywell UOP (US), Gastech Engineering (US),Burckhardt Compression (Switzerland),ATB Group (Italy),Johnson Controls (Ireland) and Others.
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