Unconventional Natural Gas Extraction: Technologies and Global Markets

August 14, 2012

Wellesley, Mass. – According to a new technical market research report, UNCONVENTIONAL NATURAL GAS EXTRACTION: TECHNOLOGIES AND GLOBAL MARKETS (EGY087A) from BCC Research (www.bccresearch.com), the global market for unconventional natural gas extraction technologies was valued at nearly $61.2 billion in 2010 and nearly $61.6 billion in 2011. The market should reach $91.3 billion in 2016 after increasing at a five-year compound annual growth rate (CAGR) of 8.2%.

The global market for unconventional natural gas extraction technologies can be broken down into four regions: North America, Europe, Asia/Australia, and South America.

North America accounted for $54.8 billion in 2011 and is projected to total $63.8 billion in 2016, a CAGR of 3.1%.

Europe, worth $627 million in 2011, should be valued at nearly $3 billion in 2016, a CAGR of 36.5%.

Asia/Australia was valued at $5.5 billion in 2011 and should reach nearly $19 billion in 2016, a CAGR of 28.1%.

South America, worth $598 million in 2011, is expected to total $5.5 billion in 2016, a CAGR of 56.1%.

Global interest in unconventional natural gas production and associated extraction technologies has taken off over the last five years due to the influence of the unconventional natural gas boom in North America. Many countries are now looking toward unconventional natural gas as a potential energy source to alleviate supply shortages, lower natural gas costs, and generate revenue. 

The global unconventional natural gas technologies market is strongly driven by horizontal drilling and associated hydrofracture equipment and chemicals. Vertical completions and hydrofractures represent roughly 25% or less of the global market. Global horizontal well drilling is expected to maintain the largest share of the unconventional natural gas technologies market through 2016, reaching a total of $36 billion during that year. 

This report will help its readers:

• Summarize existing unconventional natural gas extraction technologies and promising technologies under development
• Evaluate the existing unconventional natural gas industry, with a focus on producers of each major viable technology
• Assess market potential for unconventional natural gas extraction technologies over a five-year period from 2011 through 2016
• Provide regional market breakdowns with select subregional breakdowns for countries with promising unconventional natural gas resources. 

This study is anticipated to be useful to industry players, researchers, corporations, and others who have a stake in unconventional natural gas extraction technologies, as well as those who are considering expanding into these markets. This study provides critical information to decision-makers regarding regional- and national-level investment strategies, along with the level of anticipated returns that will result from continued market development.  

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Unconventional Natural Gas Extraction: Technologies and Global Markets( EGY087A )
Publish Date: Aug 2012    

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