In its latest report, Transparency Market Research (TMR) presents insights into the factors driving and restricting the global shale gas market. The report forecasts the value of the global shale gas market to rise from 10,138.2 Bcf (billion cubic feet) in 2012 to 17,201.6 Bcf by the end 2019

In-depth research report on Global Shale Gas Market with Full TOC at : http://www.transparencymarketresearch.com/shale-gas.html

The report attributes the increasing production of shale gas worldwide to the growing foreign investment and regulatory support to the shale gas market across major economies of the world. Based on the technology used, the global shale gas market is segmented into horizontal drilling, water usage, and hydraulic fracturing. Shale gas finds application in power generation, as well as in residential, commercial, transportation, and other industrial sectors. Of these, the industrial segment held the leading position, accounting for over 30% of the overall market. By 2019, the market share of the industrial segment is likely to reach 35%, states the report. The share of commercial and residential usage of shale gas is also anticipated to rise during the report’s forecast period.

Based on geography, the report segments the global shale gas market into two broad categories, constituting Asia Pacific, and North America. In 2012, North America emerged as the market leader, as the only region producing shale gas. The U.S. and Canada were the leading countries to cater to the commercial demand for shale gas generated around the world until three years ago. The reserves of shale gas in the rest of the world, have therefore remained intact for all these years, holding immense potential to cater to the future demands. As per the estimates of the U.S. Energy Information Administration, globally, there are 7,299.0 tcf (trillion cubic feet) recoverable shale gas reserves. At present, China is known to have the largest shale gas reserves. However, the country is yet to be a mature market for shale gas. Experts believe that soon China will emerge as a leading player in the global shale gas market. While the prospects for the development of ways to extract shale gas seem very promising in Asia Pacific, the development in Europe is most likely to slow down owing to mounting environmental issues and public opposition.

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Speaking about the prevailing competitive landscape of the global shale gas market, a senior TMR analyst said, “Escalating demand for energy worldwide not only provides impressive growth opportunities for emerging market players, but also makes the global shale gas market extremely competitive.” The players already established in the market, however, have attained a sustainable position for themselves. The report profiles a few key players for the purpose of the study; these include: Cabot Oil and Gas, Total SA, ConocoPhillips,