IMARC Group, a leading market research company, has recently releases report titled “Unconventional Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global unconventional gas market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Unconventional Gas Market?
The global unconventional gas market size reached US$ 190.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 292.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.
What are Unconventional Gas?
Unconventional gas refers to natural gas that is found in complex geological formations, requiring advanced extraction techniques such as hydraulic fracturing and horizontal drilling. These sources include shale gas, tight gas, and coalbed methane. The technology deployed often includes seismic imaging, well logging, and computer modeling to facilitate efficient and safe extraction. These advanced methods enable real-time monitoring, precise drilling, and optimization of production rates, thus ensuring a more sustainable and effective extraction process.
Request PDF Sample of the Report: https://www.imarcgroup.com/unconventional-gas-market/requestsample
What are the growth prospects and trends in the unconventional gas industry?
The escalating demand for energy security and the quest for new energy resources are primary factors driving the growth of the unconventional gas market. Additionally, advancements in drilling technologies and increased investment in research and development activities act as catalysts for market expansion. The rising emphasis on reducing carbon emissions and transitioning to cleaner fuel options has underscored the significance of unconventional gas as a viable alternative to coal and oil. Moreover, the increasing awareness of energy independence and the geopolitical risks associated with relying on conventional gas imports, is catalyzing the demand for the market.
In alignment with this, energy companies and governments are focusing on exploiting unconventional gas reserves to diversify energy portfolios and bolster economic growth, thus stimulating the market growth. Alongside, the integration of innovative technologies like real-time data analytics, 3D seismic imaging, and automated drilling systems is boosting the market growth. These technologies offer higher precision, efficiency, and safety measures, making unconventional gas extraction more palatable to both regulators and the public. Furthermore, government initiatives aimed at promoting domestic energy production and reducing greenhouse gas emissions are creating a positive outlook for the unconventional gas market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- Chevron Corporation
- Emerson Electric Co.
- Equinor ASA
- ExxonMobil Corporation
- Oil and Natural Gas Corporation Limited
- Schlumberger Limited
- Shell plc
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights
- Shale Gas
- Tight Gas
- Coal Bed Methane (CBM)
- Others
Application Insights
- Industrial
- Power Generation
- Residential
- Commercial
- Transportation
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Ask Analyst for Customized Report: https://www.imarcgroup.com/request?type=report&id=6779&flag=C
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
