Global Shale Gas Processing Equipment Market is valued USD 3.19 billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of 16.87% over the forecast period 2018-2025.
New York 21 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Shale Gas Processing Equipment market industry is poised to raise USD 12.97 billion by 2025. The major factors speculated to augment the markets are escalating energy requirements, improvements in drilling technology, increasing natural gas price, imminent natural gas pipeline projects, and energy security offered by the domestic supply of natural gas. public opposition to shale fracturing, water availability & contamination concerns for shale fracturing, and adverse effects of strict government regulations on the shale gas processing equipment industry are key constraints for the growth in market. Expanding Shale Gas Infrastructure is a prime opportunity for growth in the market. Shale gas processing equipment are required for processing shale gas before it can be transported by large diameter inter-state or intra-state pipelines for end-use.
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Global Shale Gas Processing Equipment Market Size Study By Component (Internal Combustion Engines, Compressors and Pumps, Electrical Machinery, Heat Exchangers, Measuring and Controlling Devices, and Others), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Newpoint Gas LP, Camaron, Linde Engineering, Honeywell UOP, Membrane Technology & Research, GasTech Engineering Corporation, Pall Corporation, Exterran, Johnson Controls, Van Gas System, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than 20.7% of the total market in 2016.
- USA and Canada are observing remarkably high rates of production in unconventional fossil fuels.
- Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Internal Combustion Engines
- Compressors and Pumps
- Electrical Machinery
- Heat Exchangers
- Measuring and Controlling Devices
- North America
- Asia Pacific
- Latin America
- Rest of the World