緻密氣的全球市場 - 趨勢分析·市場競爭模式·展望 (2020-2027年):應用·終端用戶·各地區
Global Tight Gas Market Size, By Application, End-User, By Region, Trend Analysis, Market Competition Scenario & Outlook, 2020-2027
|出版商||Blueweave Consulting & Research Private Limited||商品編碼||954890|
|出版日期||內容資訊||英文 169 Pages
|緻密氣的全球市場 - 趨勢分析·市場競爭模式·展望 (2020-2027年):應用·終端用戶·各地區 Global Tight Gas Market Size, By Application, End-User, By Region, Trend Analysis, Market Competition Scenario & Outlook, 2020-2027|
|出版日期: 2020年07月01日||內容資訊: 英文 169 Pages|
Global Tight Gas Market Size, By Application (Residential, Commercial, Industrial, Power Generation, Transportation), End-User (Power, Others), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa), Trend Analysis, Market Competition Scenario & Outlook, 2020-2027.
Tight gas is an eco-friendly and cost-effective source of energy produced through hydraulic fracturing. It is a natural gas with low absorbency, originating in limestone or sandstone. It has less carbon content and releases lesser sulfur, metal compounds, and carbon dioxide while burning.
The proliferating population, increasing crude oil prices and a rising shift toward unconventional natural gases as sources of energy are likely to lead to significant development over the projected period. Ever growing usage of green energy in housing, transportation, commercial, power generation, and industrial sectors will provide the required momentum to its growth trajectory.
Increasing R&D, commercialization, exploration activity along with technological up-gradation for easier extraction are expected to strengthen the supply side of the tight gas market further over the coming six years. However, many enterprises in this field face the barriers in accessing sufficient freshwater as its production process is highly water-intensive and needs the pressure of flowing freshwater.
Global Tight Gas Market is divided into Power and other sectors based on end-user. The power generation industry is the dominant end-user in the market. It accounted for over 30% share by volume in 2013, gradually increasing its share year by year.
The associated environmental and economic guidelines combined with appropriate administrative initiatives favor natural gas plants and thereby brighten their market prospects.
Oil and Gas industry allocates increasing outlay on discovery and exploration activities to extract more oil, increasing cost of gas. Also, the government has issued strict guidelines related to shale gas exploration. In contrast, tight gas production is cost-effective and eco-friendly. All these factors encourage more players in the market.
The robust transport sector has given a substantial boost to the natural gas market, including tight gas, with rising deployment of CNG vehicles, and this trend is likely to continue during the forthcoming period. More than 24 million natural gas vehicles (NGVs) were operational worldwide in 2017. Thus, heavy usage of natural gas has been recorded for various vehicles such as buses, lift trucks, motorcycles, cars, vans, light and heavy-duty trucks, and locomotives. Also, Tight gas is being increasingly used as energy fuel in transit by residential and commercial sectors.
North America has been dominating the Global Tight Gas market and is expected to observe the highest growth rate during the forecast years 2021-2025. In addition, surge in demand for power due to increase in population and economic activities of developing nations like India and China has made Asia Pacific another critical emerging market.
Occidental Petroleum Corporation; BP plc.; Canadian Natural; Chevron Corporation; Total; Exxon Mobil Corporation; Petro China Company Limited; Royal Dutch Shell; China Petrochemical Corporation; YPF; Marathon Oil Company; Ensign Natural Resources; Devon Energy Corporation; EOG Resources, Inc. are the prominent players in this market. They are spread across the different part of the world with their strong presence in the respective region.
The in-depth analysis in the report provides insights about growth potential, upcoming trends, and statistics of the Global Tight Gas Market size & outlook. The report promises to provide information about know-hows and processes followed in the industry. It also examines the market drivers, challenges and competitive scenario. The critical industry insights help businesses make sound strategic decisions.
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