Global Shale Gas Market is accounted for $74.11 billion in 2020 and is expected to reach $164.72 billion by 2028 growing at a CAGR of 10.5% during the forecast period. The low price of shale gas and technological advancements are the major factors propelling the market growth.
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By geography, North America is expected to dominate the market due to the overwhelming production of shale on the continent. On the other hand, Canada is well-known to have major conventional gas reserves, and the country was a key supplier of natural gas to the United States for decades until the recent shale boom in the country.
Some of the key players profiled in the Shale Gas Market include Anadarko Petroleum Corporation, Baker Hughes Incorporation, BHP Billiton Limited, BP Plc, Chesapeake Energy Corporation, Chevron Corporation, China Petrochemical Corp., ConocoPhillips Co., Devon Energy, Encana Corporation, ExxonMobil, Occidental Petroleum Corp., PetroChina Company Limited, Royal Dutch Shell Plc, and Total SA.
Technologies Covered in Shale Gas Market
• Exploration & Drilling
• Fracturing Fluid
• Industrial and Manufacturing Applications
• Power Generation
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