Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Shale Gas Processing Equipment Market size was over USD 11.28 billion in 2024 and is projected to reach USD 67.85 billion by 2037, growing at around 14.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of shale gas processing equipment is assessed at USD 12.7 billion.
Shale gas is a natural gas covered within a shale formation whose reserves are spread almost all across the world. Development in the form of drilling technologies on account of increasing demand for shale gas, backed by its increasing application in end user industries, has made shale gas production economical. Such a factor is anticipated to promote the growth of the global shale gas processing equipment market.
Shale Gas Processing Equipment Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Energy: Increasing demand for shale gas is accelerating the need for the investments, which in return is giving rise to the demand for the shale gas processing equipments. In last few years, there has been a tremendous need for energy by many industries which is raising the requirement for more fuel reserves that is unconventional in nature, for instance, oil and natural gas.
- Produces Less Carbon: Shale gas replaces coal and oil which emits maximum amount of carbon. It is good for the environment and produces less pollution, thus makes it more popular. It increases the demand of shale gas which in turn gives boost to the market of shale gas processing equipment.
Challenges
- High Installation Cost To Restrict The Market Growth: Major restraining factor of this market is the initial investment cost. It requires good capital to step-up the equipment and to extract the shale gas. This process helps in elimination components such as N2, H2S, hydrocarbons, CO2, and H2O from the raw shale gas to make it suitable for commercial usage. All this process requires more time and high initial investment which in turn hampers the market growth.
- Gas Leakage and Water Contamination: In developing countries, lack of awareness, fear of gas leakage and water contamination might act as an obstacle to the growth of the shale gas equipment market.
Shale Gas Processing Equipment Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
14.8% |
|
Base Year Market Size (2024) |
USD 11.28 billion |
|
Forecast Year Market Size (2037) |
USD 67.85 billion |
|
Regional Scope |
|
Shale Gas Processing Equipment Segmentation
The market is segmented by technologies, by end user & by region. Based on technology, the market is bifurcated into horizontal drilling and hydraulic fracturing, out of which, the demand for horizontal drilling market is increasing and it is anticipated that next 8 years are going to be best growth years for this market.
On the other hand, the end user segment is segmented into industrial, power generation, commercial, residential and transportation, out of which, power generation segment is estimated to hold a significantly large share in the market and anticipated to grow at a robust CAGR over the forecast period.
Our in-depth analysis of the global market includes the following segments
|
By Technologies |
|
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By End User |
|
Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Shale Gas Processing Equipment Industry - Regional Synopsis
On the basis of regional analysis, the shale gas processing equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is anticipated to hold largest revenue share by 2037, impelled by presence of major players in the region. The United States of America occupies the largest market share.
In Asia pacific region, China is anticipated to be next big country of shale gas reserves and offer lucrative growth opportunity in this market. Increasing initiative and investment by Chinese government to product shale gas in China is driving the growth for shale gas equipment market over the forecast period.
Companies Dominating the Shale Gas Processing Equipment Landscape
- Honeywell International Inc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Pall Corporation
- Johnson Controls
- Exterran Corporation
- Linde Engineering
- New Point Gas, LP
- Van Gas System
- Gas Tech Engineering LLC
Recent Developments
- May 2020, According to Energy Information Administration (EIA) forecast the industrial demand for natural gas will decrease by 7% in 2020 compared with 2019.
- May 2020, Short Term Energy Outlook (STEO) forecast assumes that a combination of minor global natural gas demand as a result of restriction related to the COVID-19 pandemic and an unfavorable liquefied natural gas (LNG) pricing environment will lower U.S. LNG exports, primarily in the third quarter of 2020.
Author Credits: Dhruv Bhatia
- Report ID: 847
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
