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Global Unconventional Gas Market: Shale Gas Category to Account for 47% by 2019

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According to the IEA, as compared to conventional gas, unconventional gas is a type of natural gas that is tougher to extract. Pollution, excessive utilization, and high cost of production are some of the major factors expected to restrict the growth of the global unconventional gas market in the coming few years. However, constantly increasing demand for gas across all regions is the main reason for the rapid expected growth of the global unconventional gas market during the period from 2013 to 2019.

Asia Pacific to Lead Global Unconventional Gas Market by 2019

The global unconventional gas market is divided on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World. Every region involved in the unconventional gas market is divided into multiple segments as per the type of gas extracted and application. The United States market for unconventional gas is predicted to achieve a value of US$59.7 bn by 2019. Asia Pacific is predicted to be the fastest growing region, expected to expand at a 69.60% CAGR by 2019. In 2012, in Europe, the production of unconventional gas was more than 750 bcf. The production is predicted to grow further in the coming few years. Most of the leading companies are maintaining their dominant position in the global unconventional gas market and thus making it difficult for the emerging players to stabilize in the market.

Unconventional gas is categorized into tight gas, gas hydrates, coal bed methane (CBM), and shale gas. The shale gas market is fragmented in nature, but in 2012, the top five leading companies accounted for 30.6% of the total market. These leading companies are vertically integrated, giving them an advantage in the competitive market over other emerging players. The global coal bed methane market is concentrated in nature, as the top five leading players, in 2012, accounted for 75% of the total market. The leading companies have acquired many emerging companies in the recent past to consolidate the coal bed methane market.

Some of the prominent companies operating in the global unconventional gas market are Arrow Energy, PetroChina, Devon Energy, BHP Billiton, BG Group, Anadarko, Shell, Exxon Mobil, and Chesapeake Energy. Most of the leading players in the global unconventional gas market are located in North America, especially in Canada and the United States.

Browse the full Global 3D Printing Market report at http://www.mrrse.com/unconventional-gas-market

Tight Gas Category to Lead Global Unconventional Gas Market by 2019

Unconventional gas is categorized into tight gas, gas hydrates, coal bed methane (CBM), and shale gas. In 2012, the tight gas segment dominated the global unconventional gas market, accounting for 44.4% of the market. The tight gas segment is expected to maintain its dominant position in the coming few years. The shale gas category is expected to generate noticeable demand in the years to come. By 2019, the shale gas category is predicted to account for 47% of the market. Currently, more than 60% of the total coal bed methane is produced in the North America region. However, the trend is predicted to shift towards the Asia Pacific region by 2019, considering the deposits of CBM in the region.