The GMI Research forecasts that the Tight Gas Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the mounting funds and aids by the government for gas production, their cleaner combustion compared to other fossil fuels, such as coal and petroleum products, and the growing development of the latest technology.
Introduction of the Tight Gas Market
Tight gas is a natural gas produced from reservoir rocks with low permeability that colossal hydraulic fracturing is required to produce the well at cheaper rates. This gas is trapped within rocks with very low solidity.
Key Players of the Global Tight Gas Market:
- Southwestern Energy Company
- Repsol SA
- PetroChina Company Limited
- ConocoPhillips
- Chevron Corporation
- Sinopec Oilfield Service Corporation
- Equinor ASA.
- Exxon Mobil Corporation
- Royal Dutch Shell PLC
Tight Gas MarketDynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The major driver responsible for the growth of the global tight gas market includes the mounting demand for nearly a million barrels each day. In accordance with the U.S. Energy Information Administration, the demand for barrels from 2016 Q1 to 2017 Q1 intensified from 1 million in 2016 to more than 2 million in 2017, which will change the perspective of the market, thereby bolstering the market growth. Also, the development of economical gas supplies from various sources will transform the chauffeurs of natural gas in two ways, one of which is the demand for both electric power and the industrial sector will increase, and the other includes the supply of gas which will unlock an entirely new export sector for North America, promoting the market growth. Moreover, the existence of over 48 players and production houses in America and government endowment, funds, and favorable policies concerned with gas production in the U.S. have impelled the market growth. Furthermore, as per the tight gas market outlook, the introduction of sophisticated techniques in the United States will supplement the market growth. On the other hand, the less porousness of these reservoirs’ slumps and their response to all pressures, thus restricting the tight gas market size.
Tight Gas MarketSegmentation:
Segmentation by Application
- Residential
- Commercial
- Industrial
- Power Generation
- Transportation
Segmentation by End-User
- Power
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged by the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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