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As per the report, the market for unconventional gas is fuelled by the rising focus on reducing dependence on conventional sources of gas. In addition, the supportive regulations to raise the unconventional gases’ production have also created a positive impact on the market. Furthermore, the increasing foreign investments by Asian companies is also boosting the market for unconventional gas. The presence of a large number of reserves globally is a prime opportunity in the market for unconventional gas. On the other hand, the increasing contamination and utilization of water in the process of production and the soaring cost of production in comparison to the production done using conventional gas are amongst the chief factors that may restrain the growth of the market in the coming years.
On the basis of type of unconventional gas, the market is segmented into tight gas, shale gas, and coal bed methane (CBM). Amongst these, the tight gas segment emerged as the largest segment and constituted a share of over 44% in the market in 2012. On the other hand, the segment of shale gas is the most swiftly growing segment and is predicted to expand at a 7.0% CAGR between 2013 and 2019. This segment is predicted to represent a share of 47% in the market by 2019. This is owing the technological advancement along with the presence of a number of shale gas reserves that are technically recoverable. On the other hand, the segment of CBM will also grow exponentially and is predicted to exceed a production of 4,256.8 bn cubic feet by the end of 2019.
On the basis of application, the market is segmented into power generation, industrial, residential, commercial, and transportation. Amongst these, shale gas is industrially utilized extensively within Canada and accounted for approximately 318 bn cubic feet by 2012. On the other hand, residential applications are predicted to constitute a share of more than 18% in the market by 2019. The transportation segment is anticipated to be the most swiftly developing segment and is predicted to expand at a 5.80% CAGR between 2013 and 2019.
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Most of the top companies involved in the unconventional gas market are situated in North America, especially in the U.S. and Canada. Most of them have consolidated the market by acquiring smaller companies to expand their geographic presence. The key players include Arrow Energy, Shell, PetroChina, Exxon Mobil, Devon Energy, Chesapeake energy, BHP Billiton, BP, BG Group, and Anadarko.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements in the unconventional gas market
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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