PRLog - Oct. 13, 2012 - NAVI MUMBAI, India -- REPORT HIGHLIGHTS
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%.
North America accounted for $54.8 billion in 2011 and is projected to total $63.8 billion in 2016, a CAGR of 3.1%.
Asia/Australia was valued at $5.5 billion in 2011 and should reach nearly $19 billion in 2016, a CAGR of 28.1%.
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STUDY GOALS AND OBJECTIVES
This study provides a review of the global markets for unconventional natural gas production technologies at a regional level, with additional breakdowns for select relevant national-level markets. It seeks to quantify unconventional natural gas technologies markets based on available data and anticipated trends in global and regional market development for the considered unconventional natural gas extraction technologies.
REASONS FOR COMPLETING THIS STUDY
BCC’s goal in conducting this study is to assess and describe the current status of the global unconventional natural gas-extraction technologies, as well as to assess the potential growth of this industry. More specifically, the study has the following objectives:
To summarize existing unconventional natural gas extraction technologies and promising technologies under development.
To evaluate the existing unconventional natural gas industry, with a focus on producers of each major viable technology.
To assess market potential for unconventional natural gas extraction technologies over a five-year period from 2011 through 2016.
To provide regional market breakdowns with select sub-regional breakdowns for countries with promising unconventional natural gas resources. Natural Gas Technologies Market
CONTRIBUTORS TO AND USE OF THIS STUDY
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 to unconventional natural gas as a potential energy source to alleviate supply shortages, lower natural gas costs and generate revenue. 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.
SCOPE AND FORMAT OF THIS REPORT
The scope of this report includes the following categories of unconventional natural gas extraction technologies:
Vertical and directional drilling.
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.
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