Tight Gas Market

Tight Gas Market Size, Share, Growth Analysis, By Application (Volume, BCF; Revenue, USD Billion, 2016 - 2027)(Industrial, Power Generation), By Regional (Volume, BCF; Revenue, USD Billion, 2016 - 2027)(North America, The U.S.) - Industry Forecast 2024-2031


Report ID: UCMIG10D2021 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Tight Gas Market Insights

Market Overview:

In 2019, the global demand for tight gas stood at a substantial 10,441.3 billion cubic feet (BCF), and this figure is poised for further growth with an anticipated Compound Annual Growth Rate (CAGR) of 5.02% spanning from 2020 to 2027. Tight gas, classified as an unconventional gas, is distinctive in that it's ensnared within low-permeability source rocks deep beneath the Earth's surface, notably encompassing formations like sandstone and limestone. The unique challenge lies in its restricted flow, thus necessitating innovative extraction methods like hydraulic fracturing or fracking, which employ high-pressure water injections to fracture the source rock and extract the gas.

Tight Gas Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Oil & Gas Exploration & Production by segment aggregation, the contribution of the Oil & Gas Exploration & Production in Energy Fuel and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Tight Gas was estimated to be valued at US$ XX Mn in 2021.

The Tight Gas Market is estimated to grow at a CAGR of XX% by 2028.

The Tight Gas Market is segmented on the basis of Application (Volume, BCF; Revenue, USD Billion, 2016 - 2027), Regional (Volume, BCF; Revenue, USD Billion, 2016 - 2027).

Based on region, the Tight Gas Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Tight Gas Market are , Chevron Corporation , Royal Dutch Shell PLC , ConocoPhillips , Exxon Mobil Corporation , PetroChina Company Limited , Equinor ASA.".

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Tight Gas Market

Product ID: UCMIG10D2021

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