Shale Gas Processing Equipment Market Size, Share, Growth & Forecast 2026
by Mack Nene SEO | Digital MarketingConventional natural gas
sources decline and advancements in horizontal drilling is expected to drive global
shale gas processing equipment market through 2026
According to TechSci Research report, “Global Shale Gas
Processing Equipment Market By Component (Electrical Machinery, Internal
Combustion Engines, Compressors & Pumps, Measuring & Controlling
Devices, Heat Exchangers and Others), By Process (Distillation, Pyrolysis,
Reheating, Cracking, and Chemical Treatment), By Company, By Region, Forecast
& Opportunities, 2026”, is expected to grow at a steady rate during the
forecast period owing to the surge in demand for exploitation of shale gas
reserves and increase in demand for consumption of natural gas across the
globe. These factors have significantly contributed to the global shale gas
processing equipment market. Shale gas has high calorific value and lower
emission of carbon than the conventional fuels which is propelling the demand
for global shale gas processing equipment market worldwide. Abundance of
unexplored shale gas reserves is propelling the government as well as end-user
industries to invest huge amounts for exploration process. Upcoming pipeline
projects used for transportation of shale gas is fostering the growth of the
global shale gas processing equipment market. Increase in penetration of the
small and mid-scale processing equipment manufacturers over large scale
equipment manufacturers is the most recent trend observed in the global shale
gas processing equipment market.
However, hydraulic fracturing can lead to
environmental hazards due to consumption of huge amount of water in the process
which may create hindrance to the global shale gas processing equipment market
growth.
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Global shale gas processing equipment
market is segmented based on component, process, region, and company. Based on
component, market is divided into electrical machinery, internal combustion
engines, compressors & pumps, measuring & controlling devices, heat
exchangers and other related components. Compressors and pumps are leading the
global market in 2020 and is anticipated to maintain its dominance till 2026. Demand
for compressors is on surge in United States. Gas processing capacity has
increased over the recent years thereby surging the demand for the global shale
gas processing equipment market. Based on process, global shale gas processing
equipment market is categorised into distillation, pyrolysis, reheating,
cracking, and chemical treatment. Distillation is used for separation of
nitrogen gas from the shale gas. Pyrolysis is the process of heating of shale
gas in the absence of oxygen to get residual products. Reheating is the process
to use inputs more efficiently. Cracking
is process of breaking of larger hydrocarbon into smaller molecules.
Linde
Engineering, Johnson Controls International plc, Cameron International
Corporation, Exterran Corporation, Pall Corporation, Honeywell UOP, GasTech
Engineering Corporation, Newpoint Gas LP, Van Gas System, Membrane Technology
and Research Inc. are the leading players operating in the global shale gas
processing equipment market. Shale gas processing equipment manufacturers are
increasingly focusing on developing and manufacturing high-tech products. To
meet evolving customer demand with respect to better efficiency and durability,
several shale gas processing equipment manufacturers are coming up with their
technologically advanced offerings.
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“Demand
for cleaner fuel and lower carbon emissions is on rise. Shale gas reserves
provide on alternative to possess lower carbon footprint and contains high
calorific value. Increase in demand for natural gas consumption and to reduce
the burden on conventional fuels is anticipated to fuel the global shale gas
processing equipment market. Also, advancements in technologies is further
expected to fuel the market till 2026,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Shale Gas
Processing Equipment Market By Component (Electrical Machinery, Internal
Combustion Engines, Compressors & Pumps, Measuring & Controlling
Devices, Heat Exchangers and Others), By Process (Distillation, Pyrolysis,
Reheating, Cracking, and Chemical Treatment), By Company, By Region, Forecast
& Opportunities, 2026” has evaluated
the future growth potential of global shale gas processing equipment market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global shale gas
processing equipment market.
Global Oil Shale
Market, By Product (Shale Gasoline, Shale Diesel, Kerosene and Heavy Oil), By
Process (Oil Shale Exploration, Ore Preparation, Oil Shale Retortion, Shale Oil
Refining & Specialty Services), By Application (Fuel, Electricity, Cement
& Chemicals), Competition Forecast & Opportunities, 2013 – 2023
https://www.techsciresearch.com/report/global-oil-shale-market/2187.html
Global Process Oil Market By Type (Naphthenic,
Paraffinic, Aromatic, Non-Carcinogenic and Bio-Based Process Oil), By Function
(Extender Oil, Plasticizer, Solvents, Deformers, Others), By Application (Tire
& Rubber, Polymer, Personal Care, Textile, Paints & Coatings, Pharmaceuticals
& Others), By Production Technology (Convention Route and Gas to Liquid),
By Company, By Region, Forecast & Opportunities, 2026
https://www.techsciresearch.com/report/global-process-oil-market/2259.html
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Created on May 16th 2021 07:15. Viewed 223 times.