Global unconventional gas market was valued at USD 93.95 billion in 2012 and is expected to reach USD 126.93 billion by 2019, growing at a CAGR of 4.7% from 2013 to 2019. In terms of volume, global production was 23.48 trillion cubic feet (tcf) in 2012 and is expected to reach 34.12 tcf by 2019, growing at a CAGR of 5.8% from 2013 to 2019.
Depleting conventional gas reserves coupled with
fluctuating natural gas prices has led to increasing preference towards
unconventional gases. In addition, abundant availability of technically
recoverable unconventional gas reserves backed by technological advancement in the
U.S. is further expected to boost the market growth.
Tight gas was the largest produced unconventional gas
and accounted for over 44% of the total market in 2012. Shale gas is expected
to be the fastest growing gas type at an estimated CAGR of 7% from 2013 to
2019. Shale gas success in U.S. has led other countries such as China to shift their focus towards developing shale
gas. Global CBM production is expected to reach 4,256.8 bcf by 2019, U.S. and
Canada CBM markets are nearing saturation and are expected to grow at a
sluggish rate. However, CBM production in Asia Pacific,
especially in Australia and Indonesia is expected to drive the overall market. Australia, owing to its huge CBM deposits, is expected
to become one of the major CBM producers over the next six years.
U.S. emerged as the leading producer of unconventional gas and accounted for
more than 70% of the total production in 2012. Large amount of shale gas
reserves in the U.S. coupled with advanced production techniques adopted is
expected to shift the U.S. from a net gas importer to a net gas exporter. Asia Pacific is expected to be fastest growing market
at an estimated CAGR of 20.8% between 2013 and 2019. China
has substantial technically recoverable shale gas reserves but presently there
is no shale gas production and it is expected to commence by 2015.
Unconventional gases are being used in power generation
and industrial application. Industrial application accounted for nearly 30% of
the total unconventional gas produced in 2012. Power generation is expected to
be the fastest growing application due to increasing energy demand growing at a
CAGR of 7.1% from 2013 to 2019. The production of unconventional gases for
residential application was nearly 4800 bcf in 2012. Transportation industry is
expected to generate revenue worth USD 4.85 billion
by 2019.
The global unconventional gas market was highly
fragmented with no clear leader. In 2012, Chesapeake Energy, Exxon Mobil and
Devon Energy emerged as top three manufacturers of shale gas. BG Group, Arrow
Energy and Dart Energy were top three CBM manufacturers and accounted for over
60% of the total CBM production in 2012. Anadarko, AGL Energy, BHP Billiton, BG
Group, BP, Chevron, EXCO Resources, Great Eastern Energy, Origin Energy,
PetroChina, Shell and Total are some of the key industry participants in the
unconventional gas market.
- Shale Gas Market: Application Analysis
Industrial
Power
generation
Residential
Commercial
Transportation
- Coal Bed Methane Market: Application Analysis
Industrial
Power
generation
Residential
Commercial
Transportation
- Tight Gas Market: Application Analysis
Industrial
Power
generation
Residential
Commercial
Transportation
- Unconventional Gas Market (Including shale gas, CBM and
tight gas): Regional Analysis
U.S.
Canada
Europe
Asia
Pacific
Rest of
the World
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