Global Unconventional Gas Market is Expected to Reach USD 126.93 Billion in 2019: Transparency Market Research

 Global Unconventional Gas Market is Expected to Reach USD 126.93 Billion in
                      2019: Transparency Market Research

  PR Newswire

  ALBANY, New York, August 21, 2013

ALBANY, New York, August 21, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " Unconventional Gas (Shale Gas,
Tight Gas and Coal Bed Methane) Market for Industrial, Power Generation,
Residential, Commercial and Transportation Application s  - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013  -  2019 , " 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.

Browse the full report at
http://www.transparencymarketresearch.com/unconventional-gas.html

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.

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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.

This report segments the global unconventional gas market as follows:

  *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

Browse all Energy Market Research Reports @
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