The global Shale gas market size was US$ 62.11 billion in 2021. The global Shale gas market size is forecast to reach US$ 130.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC885
Shale gas is a natural gas that occurs naturally in shale deposits, trapped inside microscopic or submicron pores. An important component of natural gas is a mixture of naturally occurring hydrocarbon gases that result from the decomposition of organic matter (plants and animals). The main hydrocarbon target of exploration firms is methane (CH4), which constitutes 70 to 90 percent of shale gas. It is used to generate electricity and for domestic heating and cooking. Aside from this, shale gas differs from conventional gas as it is an unconventional hydrocarbon because it extracts from rock that functions as a source, reservoir, and caprock.
The COVID-19 pandemic has declined the growth of the shale gas market. In response, countries-imposed lockdowns in order to combat the spread of COVID-19. As a result, LNG facilities and investments in LNG production declined. Additionally, import and export activities declined, adversely affecting industries that use shale gas and the global shale gas market.
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC885
North America generated the largest revenue share in 2021 and is forecast to maintain its dominance over the forecast period. As the major contributor to the regional growth, the U.S. employs hydraulic fracturing in conjunction with horizontal drilling to drill for ultra-hard shale deep underground reserves in the United States. Technically regained shale reserves and active commercial production of shale in the region are factors driving the market growth in the region.
The leading prominent companies profiled in the global shale gas market are:
The global shale gas market segmentation focuses on Technology, End-User, and Region.
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC885
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future. ?The report offers the current state of the market and future prospects for various geographical regions. ?This report provides both qualitative and quantitative information about the competitive landscape of the market.
Access full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC885
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us: Report Ocean: Email:sales@reportocean.com Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE) Website:https://www.reportocean.com/