North American Shale Gas Market worth $37,444.7 Million by 2021 The global shale gas market is into higher growth trajectory since the last three years. This growth in the market is largely fueled by an increase in the global natural gas consumption by 1.7%. North America is the only region active with commercial production of shale gas, and is expected to remain the largest shale gas market in terms of production volumes. By the year 2021, North America will cover 78% of the shale gas market, owing to technological expertise and availability of resources; followed by EMEA, Asia Pacific, and RoW.
Market is estimated to reach $17375 million by 2018
The North America region is the largest market of shale gas in terms of both value & volume. Shale gas is used for various applications like power generation, industry usage, residential, commercial, and transportation usage. However, in this region shale gas is mainly used in industrial applications followed by power generation, and residential usage.
The leading countries in consumption of natural gas are U.S. and Canada, which represent 79.7% and 11.6% of natural gas consumption in North America as of 2009. The increasing commercial production of shale gas, and well set supply infrastructure makes the U.S. one of the top consumers of natural gas. North American shale gas consumption by applications is expected to grow from $25,360.9 million in 2016 to $37,444.7 million in 2021, at CAGR of 7.6% for the same period. Get Free 10% Customization in This Report
Shale gas is an unconventional natural gas explored from shale rocks or placed beneath earth, through multistage hydraulic fracturing and horizontal drilling. Potential shale gas reserves exist across the globe and the governments of various countries are taking interest in shale gas exploration and advancement. Shale gas market in North America is projected to grow approximately $37445 million by 2021, at a CAGR of approximately 7.6% from 2016 to 2021. Email: sales@micromarketmonitor.com
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This report also includes market share, value chain analyses and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profile of the key players in this market. About MicroMarket Monitor: MicroMarketMonitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market. Contact: Mr. Chandrasekhar K. 5601 Bridge Street Suite 300 Fort Worth TX 76112 Tel: +1-888-502-0539 Email: sales@micromarketmonitor.com
Email: sales@micromarketmonitor.com
Tel: +1-888-502-0539