Future Market Insights Assesses Shale Gas Hydraulic Fracturing Market

The shale gas hydraulic fracturing market in Canada, the United States and China experienced robust year-on-year (YoY) growth rate during 2021. While the total market volume across these countries totaled 28,866.50 units in 2021, it is projected to increase at 9.2% CAGR between 2021 and 2027, surpassing around 48,814.70 units by the end of 2027.

Future Market Insights assesses the shale gas hydraulic fracturing market in the United States, Canada and China in its newly published report titled, “Shale Gas Hydraulic Fracturing Market: Canada, U.S., and China Industry Analysis 2012–2020 and Opportunity Assessment 2021–2027.”

According to the report, the U.S. market production value is anticipated to expand from 18,059 BCF (2017) at a 9.8% CAGR, Canadian market’s production volume of 213.3 BCF in 2017 will possibly thrive at a CAGR of 8.4%, whereas Chinese market will witness the highest CAGR of 21.2%, up from the production volume of 317.6 BCF in 2017.

All the three regions are expected to witness robust growth over the forecast period and will remain the key regions for shale gas production in the next decade. However, the U.S. market will reportedly maintain the top position owing to introduction of various technological innovations since the past few years. In addition, the country is inclining more towards using cheaper energy resources, which include shale gas which further creates promising scenario for market growth within the U.S. market over the 10-year forecast period.

On the flipside, there are certain barriers to growth of U.S. shale gas hydraulic fracturing market, which may hamper growth in near future. A few of them include hefty water consumption levels during hydraulic fracturing process and environmental concerns.

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