Natural Gas and Shale Gas Market was valued at USD 395 Billion in 2022 and is projected to reach USD 570 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
Throughout these years, shale gas remained a key driver in the natural gas market. Shale gas production increased sharply, particularly in regions like the Permian Basin, the Marcellus, and the Eagle Ford. This production boom was not without challenges, however. Issues like pipeline capacity constraints and fluctuating natural gas prices occasionally slowed down growth. Despite these setbacks, shale gas became an integral component of global energy strategies, with many countries increasing their natural gas imports. According to reports, natural gas consumption in 2020 increased by about 1.5% globally, with shale gas accounting for a significant portion of this growth.
The demand for natural gas between 2023 and 2033 is expected to evolve as markets shift towards decarbonization goals, with cleaner energy policies shaping the trajectory. Governments worldwide are increasingly focusing on sustainability, with countries aiming to reduce their carbon footprints. This push for greener energy sources could affect shale gas production, although natural gas remains an essential bridging fuel in the transition to renewable energy sources. Shale gas will continue to be a critical player in meeting energy demands, especially in regions like North America and Europe.
Demand for natural gas is anticipated to grow, albeit at a slower pace compared to the previous decade. The energy sector’s transition toward renewables such as wind and solar, combined with energy efficiency technologies, will slightly moderate the demand for natural gas. However, its role as a backup energy source for intermittent renewable generation will keep it in demand. Innovations in shale gas extraction technologies, such as carbon capture and storage (CCS), could further extend its relevance in the energy mix. Furthermore, geopolitical factors, including the ongoing energy security concerns in Europe, will keep natural gas, especially shale gas, an important player in the global market.
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The period from 2018 to 2022 saw significant growth and fluctuations in the natural gas and shale gas markets, shaped by global geopolitical shifts, technological advancements, and changing environmental policies. Natural gas production surged in the United States, driven by advances in hydraulic fracturing and horizontal drilling, particularly in shale formations. The rise of shale gas unlocked vast reserves, boosting domestic production and positioning the U.S. as one of the top global exporters. Global consumption of natural gas also grew steadily due to its transition as a cleaner alternative to coal and oil.
EQT
ExxonMobil
Pioneer Natural Resources
Range Resources
Antero Resources
Chesapeake Energy
Chevron
Conoco Phillips
Anadarko Petroleum
SM Energy
Southwestern Energy
CONSOL Energy
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Natural Gas and Shale Gas Market
Generating Power
Industrial Usage
Commercial Use
Transportation
Household Use
Based on Types the Market is categorized into Below types that held the largest Natural Gas and Shale Gas market share In 2023.
Coalbed Methane Wells
Coal Mine
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Natural Gas and Shale Gas Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Natural Gas and Shale Gas Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Natural Gas and Shale Gas Market, By Type
6. Global Natural Gas and Shale Gas Market, By Application
7. Global Natural Gas and Shale Gas Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Natural Gas and Shale Gas Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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