Global Unconventional Shale,Tight and Coal Bed Methane Gas Industry Analysis by 2019
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
Report Description
Each region that is involved in the unconventional gas market is categorized into multiple segments according to application and type of gases extracted. The research report also includes the key market drivers and restraints, along with possible areas of growth. All market values and revenues are described in U.S. dollars. The report diversifies the geographic areas of the unconventional gas market according to the U.S., Europe, Canada, and the Rest of the World.
The report primarily includes a detailed analysis of the unconventional gas market in terms of market attractiveness. Different factors are utilized to gauge the level of appeal including market size, overall positive aspects, and the growth rate. A comprehensive landscape of the market is created through the use of Porter’s Five Forces Model. The model analyzes a buyer’s impact, new competitors, suppliers, product alternatives and the degree of competition in the market. The research report also includes a 2012 study of the market share for shale gas and CBM. The key players are all profiled in the report in terms of financial overview, business strategies, major developments and SWOT analysis.
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Scope
The U.S. emerged as major producer of unconventional gas due to huge reserves and technological advancement. The U.S. is expected to generate revenue worth USD 59.75 billion by 2019. Asia Pacific is expected to be fastest growing market for shale gas expected to grow at an estimated CAGR of 69.6% from 2015 to 2019. The production of unconventional gases in Europe was above 750 bcf in 2012 and is expected to grow at a sluggish rate during the forecast period. Presently, there is no development of shale gas in Europe owing to federal laws and environmental regulations. However, Europe is slowly catching up with the current shale gas development as countries including Britain, Poland and Germany among others are permitted for shale gas production. The UK government has planned tax reduction policy for the development of shale gas.
Industrial applications of shale gas were prominent in Canada and total production was nearly 318 bcf in 2012. Production of unconventional gases for power generation accounted for approximately 31% in 2012. In terms of revenue, transportation industry is expected to grow at an estimated CAGR of 6.7% from 2013 to 2019. Residential application includes space heating and cooling, cooking and water heating. Residential application is expected to account for over 18% of the total market in 2019. Transportation is expected to be fastest growing application segment growing at an estimated CAGR of 5.8% from 2013 to 2019. Use of compressed natural gas (CNG) as a transport fuel is increasing as it is a cleaner source than gasoline and diesel. Commercial application includes healthcare facilities, warehouses, lodging and food services where unconventional gases are used for space heating and cooling and cooking. Commercial application is expected to reach 4426.3 bcf by 2019.
Key Players
Some of the key participants in the industry include Anadarko, Arrow Energy, BG Group, BHP Billiton, BP, Chesapeake Energy, Devon Energy, Exxon Mobil, PetroChina, Shell and Total among others.
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