Global Shale Gas Processing Equipment Market to reach USD 12.97 billion by 2025.
Global Shale Gas Processing Equipment Market valued approximately USD 3.19 billion in 2016 is forecasted to grow with a healthy growth rate of more than 16.87% over the forecast period 2018-2025. The major factors speculated to augment the markets are escalating energy requirements, improvements in drilling technology, increasing natural gas price, imminent natural gas pipeline projects, and energy security offered by the domestic supply of natural gas. public opposition to shale fracturing, water availability & contamination concerns for shale fracturing, and adverse effects of strict government regulations on the shale gas processing equipment industry are key constraints for the growth in market. Expanding Shale Gas Infrastructure is a prime opportunity for growth in the market. Shale gas processing equipment are required for processing shale gas before it can be transported by large diameter inter-state or intra-state pipelines for end-use.
The regional analysis of Global Shale Gas Processing Equipment Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share. Additionally, USA and Canada are witnessing uncommonly high rates of production in unconventional fossil fuels. Whereas, owing to countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
> Internal Combustion Engines
> Compressors and Pumps
> Electrical Machinery
> Heat Exchangers
> Measuring and Controlling Devices
> Others
By Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Newpoint Gas LP, Camaron, Linde Engineering, Honeywell UOP, Membrane Technology & Research, GasTech Engineering Corporation, Pall Corporation, Exterran, Johnson Controls, Van Gas System, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer's requirements.
Target Audience of the Shale Gas Processing Equipment Market Study:
> Key Consulting Companies & Advisors
> Large, medium-sized, and small enterprises
> Venture capitalists
> Value-Added Resellers (VARs)
> Third-party knowledge providers
> Investment bankers
> Investors