Shale Gas Market Analysis Report By Application, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17613103  |  Published: June 2021  |  No of Pages: 100
Format: Electronic (PDF)  |  Industry: Energy Storage


Regarding the report published, the global shale gas market was prized by USD 68.3 billion in 2019. It is estimated to witness an 8.5% CAGR from 2020 to 2027.


A move towards alternative natural gas assets like coal bed methane, shale gas, and tight gas, is caused by the reducing reserves of usual gas, as well as globally growing demand for energy. Rising technical improvements in shale drilling are additionally projected to enhance the enlargement of the market. Hydraulic fracturing, together with advanced methods of horizontal, as well as directional drilling, get hold of the marketable capacity of shale gas, which is deeply trapped inside the shale resource rock.

US shale gas market size

Due to the existence of major gas reserves, all over the nation in the U.S., the shale gas market is expected to observe large development. The invention of new-fangled reserves caused the rising manufacture of shale gas. Consistent with the International Energy Association, as against 22.1 trillion cubic feet generation in 2018, the U.S. created 25.3 trillion cubic feet of dry shale gas, in 2019.

The supply chain of the market comprises manufacture plus processing, transportation, storing, and delivery to residential, commercial, and large volume consumers.


The manufacturing procedure of shale gas produces injurious discharges as well as needs a large quantity of water. This has caused, increasing environmental concerns along with solid resistance from the protesters. This is estimated to hamper the development of the market for shale gas. The technical progression for non-regular gas drilling in deep water as well as very deepwater is anticipated to offer necessary motivation to the business demand.

Effect of Covid-19

On the other hand, the COVID-19 pandemic has rigorously influenced the downstream, midstream and upstream, sections of the shale gas supply chain, making a key difference in the demand and supply equilibrium.

Application Insight

In 2019, the power generation sector held the major, 36.0% revenue share of the shale gas market. The growing tendency of changeover from coal to gas in power generation plants is anticipated to definitely affect the expansion of the market. Governments are aiming for the rising share of the gas, in the energy combination of the nation. In contrast to the other fossil fuels, shale gas has the cleaner-burning feature. Hence, the power generation sector generates the maximum demand in the global market.

Global shale gas market share

The transfer of shale gas into a value-added production is likely to impel the industrial sector, during the forecast period. In favor of, nearly every shale gas-rich nation, the chance to make use of this plentiful reserve, to increase the industrialized productivity, would generate superior value-added goods, which might afterward be sold overseas, more effortlessly, than the principal energy product. For example, the manufacture of fertilizers, chemicals, and several additional merchandise needs natural gas in the function of a feedstock.

The mainstream of natural gas, consumed in the housing segment, finds its usage in space and water heating. An increasing set of connections of piped natural gas, including straight supply to the residences, is estimated to substantially increase the market for shale gas, during the forecast period. Besides, the rising utilization of CNG in the transport segment is expected to increase by the maximum proportion, during the subsequent seven years.

Regional Insight

North America held the major, above 61.0% revenue share of the global shale gas market, in 2019 and is anticipated to maintain its supremacy, during the forecast period. As a result of the use of hydraulic fracturing together with horizontal drilling method for drilling very rigid shale, at extremely underground sources, existing throughout the nation, the U.S. is the most important donor to the provincial expansion of the market

Due to the rising search as well as manufacture, the U.S. retained the first position in the global ranking of gas manufacturers, in 2018. This was stated by the International Trade Center. The most important companies of the U.S. are seriously putting in unusual fuel development because it is a dependable alternative to reduce carbon trace.

As a result of the growth of the good conclusion method, for example, multi phase hydraulic cracking as well as drilling method like extended scope horizontal wellbores, Canada offers a long-standing projection for the supply of natural gas, through North America. The resources for shale gas are found throughout diverse places in Canada. It comprises Nova Scotia, Manitoba, Ontario, Saskatchewan, Quebec, New Brunswick, Alberta, British Columbia, and others.

To be precise, recoverable means in China are expected to be the biggest in the world. The government of China has fixed, major objectives for production. These fixed goals invite enormous funds from the world. It offers a beneficial opening for the key companies in the market, to search and manufacture unusual gas, within the nation


The global shale gas market is exceptionally aggressive in nature and is ruled by the most important global oil and gas multinationals that form a major attendance through the value chain. Changing focal points towards emergent resources in China is expected to turn into an important policy for the business contestants. Companies coping with unconventional energy, together with conventional Oil & Gas companies, create the combination of the market.

Because of the progress of a well-organized drilling system to decrease the expenditure of searching and manufacture, companies are seriously funding for R&D actions. Tactical programs like these intended by the companies will cause enhancement in their market share and enlargement, during the forecast period.

Some of the companies for the shale gas market are:

    • Chesapeake Energy Corporation.
    • Exxon Mobil Corporation
    • ConocoPhillips
    • Chevron Corporation
    • Petro China Company Limited
    • Royal Dutch Shell PLC

Report Scope

Report Attribute


The market size value in 2020

USD 74.8 billion

The revenue forecast in 2027

USD 131.1 billion

Growth Rate

CAGR of 8.5% from 2020 to 2027

The base year for estimation


Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Volume in Bcf, revenue in USD billion, and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, region

Regional scope

North America; RoW

Country scope

U.S.; Canada; Mexico; China; Argentina; Algeria; South Africa

Key companies profiled

Royal Dutch Shell PLC; ConocoPhillips; PetroChina Company Limited; Exxon Mobil Corporation; Chevron Corporation; Chesapeake Energy Corporation

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail of customized purchase options to meet your exact research needs. 

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Million Insights has segmented the global shale gas market report based on application and region:

• Application Outlook (Volume, Bcf; Revenue, USD Billion, 2016 - 2027)
    • Industrial
    • Power Generation
    • Residential
    • Commercial
    • Transportation

• Regional Outlook (Volume, Bcf; Revenue, USD Billion, 2016 - 2027)
    • North America
        • The U.S.
        • Canada
        • Mexico
    • ROW
        • China
        • Argentina
        • Algeria
        • South Africa

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