Comprehensive analysis of the regional shale gas market has been provided in this report.

Portland, OR -- (SBWire) -- 02/16/2018 --Shale Gas Market Report, published by Allied Market Research, forecasts that the global market is expected to grow at a CAGR of 14.4% between 2015 and 2022. In North America, most of the shale gas is consumed in power generation applications which accounted for about 36% in 2015.

Shale gas refers to unconventional natural gas, trapped in the shale formation, which is derived by hydraulic fracturing process. Shale gas is emerging as an ideal energy source, owing to its abundancy, low carbon foot print and comparatively low price than conventional energy source such as natural gas, coal, nuclear and hydro. However, the issue of water scarcity due to hydraulic fracturing technique may hamper its production. Moreover, the unstructured regulatory framework in the European countries may dampen its producers to some extent. The global shale gas consumption is estimated to grow at a CAGR of 12.6%, thereby, fostering the market growth.

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In end user segment, power generation and industrial sector jointly accounted for about two-third of the shale gas market in 2015, and is projected to maintain this position throughout the forecast period. The growth of these segments is attributed to preferred use of shale gas for power generation due to its abundant availability and cost effective nature. However, in terms of volume, industrial sector is projected to be the fastest growing segment with a CAGR of 13.3%.

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Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and LAMEA. Currently, United States is the major producer of shale gas. Abundancy of technically recoverable shale reserves coupled with favorable government regulation for producers supplements the shale gas production in United States. Europe would be the fastest growing region, accounting for the highest CAGR of 59.5%, in terms of volume owing to availability of shale gas reserves in more than 14 European countries.

SHALE GAS MARKET KEY SEGMENTS:

The world shale gas market is segmented as:

By End-User

-Industrial
-Power generation
-Residential
-Commercial
-Transportation
-Other