Depleting conventional energy reserves across the globe has prompted the industry to shift focus towards developing alternative energy sources which is expected to remain a key driving factor for shale gas demand over the next six years. More Information visit http://www.grandviewresearch.com/industry-analysis/shale-gas-industry

1. Grand View Research, Inc: Global Shale Gas Market Expected To Reach USD
67.02 Billion by 2020
The global market for shale gas is expected to reach USD 67.02 billion by 2020, according to a new
study by Grand View Research, Inc. Depleting conventional energy reserves across the globe has
prompted the industry to shift focus towards developing alternative energy sources which is expected
to remain a key driving factor for shale gas demand over the next six years. In addition, regulatory
support for developing unconventional gases including shale gas is also expected to enhance
commercialization over the forecast period. However, environmental concern, especially excessive
usage and contamination of water during shale gas production process is expected to be a key
challenge for industry participants over the next six years.
Power generation emerged as the leading application market for shale gas and accounted for 30.4%
of total market volume in 2013. Environmental concerns regarding power generation via conventional
energy coupled with regulatory support for development of unconventional energy sourcesfor power
generation is expected to remain a key driving factor over the forecast period. However,
Grand View Research, Inc: Global Shale Gas Market Expected To Reach USD 67.02 Billion by 2020 1/3

2. transportation is expected to be the fastest growing application market for shale gas at an estimated
CAGR of 10.8% from 2014 to 2020. Growing demand for alternative fuels such as compressed
natural gas (CNG) and autogas (LPG) is expected to drive the demand for shale gas in transportation
industry over the next six years.
The report “Shale Gas Market Analysis and Segment Forecasts to 2020,” is available now to
Grand View Research customers
and can also be purchased directly at
http://www.grandviewresearch.com/industry-analysis/shale-gas-industry
Further Key findings from the study suggest:
• The global shale gas production was 10,826.6 bcf in 2013 and is expected to reach 18,211.3 bcf by
2020, growing at a CAGR of 8.3% from 2014 to 2020.
• U.S emerged as the leading shale gas producing country and accounted for 91.8% of total market
volume in 2013. The U.S. shale boom has changed the overall energy scenario of the nation, prior to
shale gas development; the U.S. was a net importer of natural gas. However, due to rapid exploration
and production activities of shale gas, U.S. for the first time in many years emerged as a net exporter
of natural gas in 2012. However, Asia Pacific is expected to be the fastest growing producer for shale
gas at an estimated CAGR of 66.7% from 2015 to 2020. The Chinese government has also been
providing substantial support in form of financial incentives and tax benefits to companies operating
in shale gas market in China which is expected to drive the market over the forecast period.
• The global market for shale gas is highly competitive in nature and is led by top multinational oil &
gas conglomerates which are present across the value chain. Conventional oil & gas companies
coupled with companies focusing only on alternative energy forms the mix of the market. Shift in
focus towards developing shale gas basins in China is expected to remain a key strategy for the
market participants. Some of the leading companies in the global shale gas market include Anadarko
Petroleum Corporation, Antero Resources, BHP Billiton, Cabot Oil & Gas, Chesapeake Energy
Corporation, Devon Energy, Encana Corporation, Exxon Mobil Corporation, Reliance Industries
Limited, Royal Dutch Shell, SM Energy, Statoil, Talisman Energy Inc. and Total SA among some
other companies.
For the purpose of this study, Grand View Research has segmented the global shale gas market on
the basis of application and region:
• Global Shale Gas Application Outlook (Volume, Bcf; Revenue, USD billion)
• Industrial
• Power Generation
• Residential
• Commercial
• Transportation
• Shale Gas Regional Outlook
• North America
• U.S.
• Canada
• Asia Pacific
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf,
customized research reports and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based research across a
Grand View Research, Inc: Global Shale Gas Market Expected To Reach USD 67.02 Billion by 2020 2/3

3. range of industries, from technology to chemicals, materials and energy. With a deep-seated
understanding of varied business environments, Grand View Research provides strategic objective
insights. For more information, visit http://www.grandviewresearch.com
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Grand View Research, Inc: Global Shale Gas Market Expected To Reach USD 67.02 Billion by 2020 3/3