Global Tight Gas Market 2018-2022 | Technological Advances in Hydraulic Fracturing to Drive Growth | Technavio
Technavio’s global tight gas market research report projects the market
to grow at a CAGR of approximately 5% during the forecast period.
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Technavio has released a new market research report on the global tight gas market for the period 2018-2022. (Graphic: Business Wire)
The technological advances in hydraulic fracturing will be one of the
major trends in the global
tight gas market during 2018-2022. The emergence of
unconventional gases such as tight gas, shale gas, and shale oil has
resulted in the disruption of the global oil and gas market. This is
because the contribution of these gases in global natural gas production
has increased significantly in the past decade. This trend is expected
to continue further because countries such as the US and Canada continue
to expand their unconventional gas production.
The unconventional gas boom can be attributed to the technological and
innovation breakthroughs related to E&P in the oil and gas industry.
However, hydraulic fracturing, the production process of tight gas,
needs further technological advances at every value chain stage to make
the operations cost-effective, clean, and more efficient.
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According to Technavio analysts, one of the key drivers for the global
tight gas market is the advantages associated with tight gas:
Global tight gas market: Advantages associated
with tight gas
The increasing economic activities across the globe have increased the
emission of carbon dioxide. Numerous countries are decarbonizing their
power mix by shifting to renewable energy that has controlled carbon
dioxide emissions. Fuels such as natural gas and biomethane are
considered as potential alternatives to fossil fuels to reduce the
environmental impact of transportation.
According to a senior analyst at Technavio for research on oil and gas,
“Natural gas is a major feedstock for many industries such as the
chemical industry. The use of natural gas to generate electricity offers
numerous benefits when compared with conventional heating fuels. It is
also preferred over gasoline for transportation. Tight gas is one of the
cleanest burning fossil fuels as it has low carbon content.”
Global tight gas market: Segmentation analysis
This global tight gas market analysis report provides market
segmentation by end-user (industrial, power, and others) and by region
(Americas and ROW). This report provides an in-depth analysis of the
prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.
Of the two major end-users, the industrial segment held the largest
tight gas market share in 2017, contributing to around 35% of the
market. This end-user segment will dominate the global market throughout
the forecast period.
The Americas held the largest share of the market in 2017, accounting
for close to 83% share. This region is expected to dominate the market
throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
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Market ecosystem
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Market characteristics
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Market segmentation analysis
Market Sizing
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Market definition
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Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Regional comparison
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Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
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Vendors covered
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Vendor classification
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Market positioning of vendors
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Competitive scenario
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