Unconventional Natural Gas Extraction: Technologies and Global Markets
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 scope of this report includes the following categories of unconventional natural gas extraction technologies:
- Vertical and directional drilling.
- Horizontal drilling.
- Hydrofracture equipment.
- Hydrofracture chemicals.
- Well completion and operation equipment.
Markets considered are shown in the following table. BCC analyzes each technology, determines its current market status, examines its impact on future markets and presents forecasts of growth over the ensuing five years. Technological issues including the latest trends are assessed and discussed, as is the current and likely ongoing regulatory environment in support of this industry.
BCC analyzes anticipated market values in light of regional and global markets for unconventional natural gas. This report examines government roles with respect to unconventional natural gas production, including regulatory requirements, support and incentives. It provides a review of the most relevant extraction technologies, discusses recent trends in well development and regional drilling and provides overviews and market assessments for each technology.
Robert Eckard has more than a decade of experience working in the energy and environmental industries. Currently pursuing a PhD in Water and Energy Resources at the University of California at Davis, Mr. Eckard also runs a small industry research and technical consulting company, with an emphasis on energy, water and environmental sectors. He has provided economic analysis market assessments, environmental analysis, and technical water and energy reports to state and local governments, other consultants, and private companies and individuals throughout the U.S., Australia and Singapore. He also works as a subcontractor under the U.S. Department of Energy, providing analysis in support of fossil-fuel extraction and refining for petroleum fuels, coal and natural gas. He has produced reports for BCC Research on the global markets for residential and commercial solar thermal (ST) technologies, industrial and utility scale ST technologies, distributed generation (DG) technologies and energy-efficiency (EE) technologies.
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