Shale Gas Processing Equipment Market to Hit $13.5 billion by 2026, at a CAGR of 14.8%

Shale Gas Processing Equipment Market

According to a new report published by Allied Market Research, titled, “Shale Gas Processing Equipment Market by Component: Global Opportunity Analysis and Industry Forecast, 2019-2026,” The global shale gas processing equipment market was valued at $4.5 billion in 2018, and is projected to reach $13.5 billion by 2026, growing at a CAGR of 14.8% from 2019 to 2026.

As per the U.S. energy information administration, the global shale gas industry surpassed more than $200 billion revenue in 2018 and as per their estimates it is anticipated to generate more than $390 billion revenue by 2025. Shale gas and oil infrastructure and markets for their related products, more specifically, processing equipment, altogether are heading toward their growth expansion phase as whole. The U.S. is the largest shale gas market, and out of overall natural gas produced in the country, shale gas accounted for more than half of the market share. Hence, trade for gas processing equipment increased in response to the recovering oil & gas prices. In the above scenario, major demand is observed for heat exchangers, separators, compressors, and combustion engines. Furthermore, there is a rise in the investment in the midstream oil & gas equipment due to increase in trade and oil prices.

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Due to abundant shale gas reserves, its infrastructure expected to grow significantly over the next decade. Hence, processing equipment is expected to have a promising future over the years to come.

The U.S. reported shale gas production of over 37 billion cubic feet following Mexico and China at over 5 and 2.1 billion cubic feet respectively in 2015. As per the estimates of U.S. Energy Information Administration, the U.S. anticipated to produce over 80 billion cubic feet of shale gas by offering a scope to huge technological investment along with processing equipment manufacturing.

The global shale gas processing equipment market is bifurcated into component and region. On the basis of component, the global market is segmented into compressors & pumps, electrical machinery, heat exchangers, internal combustion engines, measuring & controlling devices, and others. Others segment includes separators & filters, hydrator/glycol dehydrator, injection systems, and storage tanks. Compressor and pumps is the largest segment among all and its growing demand is significantly expanding the global shale gas processing equipment market size.

Based on country, the shale gas processing equipment market is bifurcated across the U.S., Canada, China, Mexico, Algeria, Argentina, an Others. The U.S. accounted for largest shale gas processing equipment market share over other countries. However, China is expected to exhibit highest CAGR during the forecast period.

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The major key players operating in the global shale gas processing equipment industry include Schlumberger Ltd, Sivalls, Inc, Van Air Systems, Croft Production Systems, Inc., Koch Industries, Inc., Pall Corporation, PEMCO, Burckhardt Compression AG, Gas Processing Equipment, and ATB Riva CalzoniS.p.A.

Key Findings of the Shale Gas Processing Equipment Market:

• The U.S. market for shale gas processing equipment is predicted to account for a share of over 70% market share by 2026
• Based on Component, compressors and pumps market segment is emerged as the global leader by acquiring 31% market share in 2018, and it is anticipated to be the largest market during the forecast period
• As of 2018, shale gas accounted for more than 50% share in overall natural gas production in the U.S.
• After $5.5 billion investment in shale gas exploration, China is anticipated to further invest in 2020 to develop hydraulic fracturing technology by aiming commercial production of shale reserves

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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