Global Tight Gas Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 24 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Tight Gas market industry is poised to raise USD XXX billion by 2025. Increasing need for Non-conventional gas, and the use of Tight Gas in Industrial, Residential, Commercial, Power generation, Transportation, increasing price of oil, recent R&D are the major factors which are driving the growth in the Global Tight Gas Market. However, the cost involved in shift from conventional to unconventional source of energy may act as a restrain. Tight gas is natural gas found in rock with extremely low permeability usually in limestone or sandstone Tight Gas is an unconventional source of energy manufactured through hydraulic fracturing with low permeability. The process involved in the recovery of Tight Gas are Seismic investigation, drilling, Production Stimulation, hydraulic fracturing, acidizing, and de-liquefaction.
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The industry is seeming to be fairly competitive. Some of the leading market players include Anadarko, British Petroleum, ExxonMobil, PetroChina, Royal Dutch Shell, Sinopec, Total SA 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:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The 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:
- Power Generation
- North America
- Asia Pacific
- Latin America
- Rest of the World