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Tight Gas Market

Tight Gas Market Size and Segment by Type (Processed Tight Gas, Unprocessed Tight Gas), By Application (Residential, Commercial, Industrial, Power Generation, Transportation, Others), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1509 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Tight Gas Market Size was valued at USD 11555.12 billion cubic feet in 2021 and is expected to reach USD 16477.24 billion cubic feet by 2028, and grow at a CAGR of 5.1% over the forecast period 2022-2028. Due to a shift in attention toward unconventional gases, the global tight gas market is likely to increase significantly throughout the forecast period. Tight gas is a form of natural gas produced from reservoir rocks with a low penetrability. Due to the low matrix permeability of less than 0.1 millidarcy, massive hydraulic fracturing is necessary to develop the tight gas well (mD). Tight gas is one of the cleanest burning fossil fuels since it contains little carbon and emits less sulphur, metal compounds, and carbon dioxide when burned. Tight gas refers to natural gas reservoirs encased in impermeable, hard rock, resulting in an exceedingly tight subsurface formation. Tight gas can also be trapped in atypically impermeable or nonporous sandstone or limestone formations.

Tight Gas Market Revenue Graph

Market Dynamics:

Restraint:

  • Strict policies to protect the environment.

  • Prolonged stages of government evaluation.

  • Licence issuance.

Drivers:

  • Increasing demand for energy.

  • The typical gas reserves are dwindling.

Opportunity:

  • Increasing demand for end-use industries.

  • Increasing transportation facilities.

Impact of covid-19:

Following the emergence of COVID-19, the tight gas demand has dramatically decreased. Due to the lockdown, there has been a shortage in the number of labourers, significantly hampering gas output. Furthermore, the imposing a lockdown has a direct impact on transportation services all over the world. Due to the scarcity of tight gas, power generation has become a big challenge. This has resulted in an upsurge in power outages in rural areas. Furthermore, the tight gas industry is experiencing daily losses as output declines. Furthermore, the implementation of lockdown has had an impact on the global import and export of tight gas.

Key players:

Royal Dutch Shell, Sinopec, Marathon Oil, Pioneer Natural Resources, EOG Resources, British petroleum, Exxon Mobil and Chesapeake Energy Total SA, PetroChina and Anadarko Petroleum Co., Devon Energy, and other players.

Market Segmentation:

By Type

  • Processed Tight Gas

  • Unprocessed Tight Gas

By Application

  • Residential

  • Commercial

  • Industrial

  • Power Generation

  • Transportation

  • Others

Tight Gas Market Segment Pie Chart

Regional Analysis:

In 2021, the North American area had the biggest market share of 80.5 percent, and this is expected to continue in the future years. The United States is the main source of revenue for the tight gas market. The primary elements driving in the various countries include advanced drilling methods and existing various tight gas reserves across the Permian Basin, Niobrara, and elsewhere.

China is predicted to gain a significant market share during the forecasted period, as well as increase domestic natural gas production and meet the growing global demand for energy security. The majority of China's tight gas plants are found in the country's hilly regions. Such a geographical region raises drilling costs, limiting market expansion to a certain extent.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Tight Gas Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 11555.12 Billion
Market Size by 2028 US$ 16477.24 Billion
CAGR CAGR of 5.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Processed Tight Gas, Unprocessed Tight Gas)
• By Application (Residential, Commercial, Industrial, Power Generation, Transportation, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Royal Dutch Shell, Sinopec, Marathon Oil, Pioneer Natural Resources, EOG Resources, British petroleum, Exxon Mobil and Chesapeake Energy Total SA, PetroChina and Anadarko Petroleum Co., Devon Energy, and other players.
DRIVERS • Increasing demand for energy.
• The typical gas reserves are dwindling
Restraints • Strict policies to protect the environment.
• Prolonged stages of government evaluation.
• Licence issuance.


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: The North American area had the biggest market share of 80.5 percent, and this is expected to continue in the future years.

 

Ans: Following the emergence of COVID-19, the tight gas demand has dramatically decreased. Due to the lockdown, there has been a shortage in the number of labourers, significantly hampering gas output. Furthermore, imposing lockdown has a direct impact on transportation services all over the world. Due to the scarcity of tight gas, power generation has become a big challenge. This has resulted in an upsurge in power outages in rural areas. Furthermore, the tight gas industry is experiencing daily losses as output declines. Furthermore, the implementation of lockdown has had an impact on the global import and export of tight gas.

Ans: Strict policies to protect the environment, Prolonged stages of government evaluation and Licence issuance are the restraints for Tight Gas Market.

Ans: Global Tight Gas Market Size was valued at USD 11555.12 billion cubic foot in 2021, and expected to reach USD 16477.24 billion cubic foot by 2028, and grow at a CAGR of 5.1% over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Tight Gas Market Segment, By Type

                8.1 Processed Tight Gas

                8.2 Unprocessed Tight Gas

 

9. Global Tight Gas Market Segment, By Application

                9.1 Residential

                9.2 Commercial

                9.3 Industrial

                9.4 Power Generation

                9.5 Transportation

                9.6 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2    Canada

10.2.3    Mexico

10.3 Europe

10.3.1    Germany

10.3.2    UK

10.3.3    France

10.3.4    Italy

10.3.5    Spain

10.3.6    The Netherlands

10.3.7    Rest of Europe

10.4 Asia-Pacific

10.4.1    Japan

10.4.2    South Korea

10.4.3    China

10.4.4    India

10.4.5    Australia

10.4.6    Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1    Israel

10.5.2    UAE

10.5.3    South Africa

10.5.4    Rest

10.6 Latin America

10.6.1    Brazil

10.6.2    Argentina

10.6.3    Rest of Latin America

 

11. Company Profiles

                11.1 British petroleum

                                11.1.1 Financial

                                11.1.2 Products/ Services Offered

                                11.1.3 SWOT Analysis

                                11.1.4 The SNS view

                11.2 Royal Dutch Shell

                11.3 Exxon Mobil and Chesapeake Energy Total SA

                11.4 Sinopec

                11.5 PetroChina and Anadarko Petroleum Co.

                11.6 Marathon Oil

                11.7 Pioneer Natural Resources

                11.8 Devon Energy

                11.9 EOG Resources

 

12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

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Secondary Research

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