Latest News- Shale Gas Market: Horizontal fracking is expected to lead the Technology segment during 2025-2029

The Shale Gas Market is being driven by Advantages associated with shale gas

The Shale Gas Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 22.1 billion. Hydraulic fracturing, also known as fracking, is a technique utilized in the energy sector to extract natural gas and oil from shale formations. This process involves the injection of large volumes of chemically treated, high-pressure water into rock formations to release the hydrocarbons. However, this method poses significant environmental risks. The extraction process consumes vast quantities of fresh water and generates toxic liquid waste. Additionally, methane leakage during production contributes to the release of greenhouse gases (GHGs) into the atmosphere. To mitigate these environmental concerns, energy technology providers are developing eco-friendly fracking methods, such as using recycled water, reducing water usage, and minimizing methane emissions. These innovative approaches aim to minimize the environmental footprint of hydraulic fracturing while maintaining its economic viability. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Horizontal fracking
  • Vertical fracking
  • Rotary fracking
• Application
  • Industrial
  • Buildings
  • Transportation
• Type
  • Direct channel
  • Indirect channel
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advantages associated with shale gas
• Increasing consumption of natural gas
• Technological advancements in drilling techniques

However, the market also witnesses some limitations, which are as follows:

• Shortage of water for fracking
• Technical challenges related to shale gas production
• Environmental impact of fracking

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Market Scope in Shale Gas Market Research Report

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Research Analysis Overview

The Shale Gas Market encompasses various technologies and services, including well logging interpretation and geological characterization for exploration and drilling efficiency. Completion techniques, stimulation design, and production forecasting ensure optimal reservoir performance. Data analytics, advanced sensors, and remote monitoring enable digital oilfield implementation. Regulatory compliance, environmental remediation, water recycling, and emission control address sustainability concerns. Gas quality standards, safety procedures, wellbore stability, sand control, corrosion control, cost optimization, resource management, production decline mitigation, gas dehydration, gas sweetening, pipeline integrity, and other solutions enhance shale gas production.

Market Research Overview

The global oil and gas exploration and production market encompasses businesses involved in the discovery and extraction of crude oil and natural gas. According to Technavio, the market's size is determined by the consolidated revenue generated by entities specializing in oil and gas exploration, production, refining, storage, transportation, marketing, and related fuels. Key growth drivers for this sector include the escalating global energy demand, fueled by population growth, economic expansion, and urbanization. Hydraulic fracturing and horizontal drilling, crucial techniques for well completion and reservoir stimulation, significantly contribute to the market's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/