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Shale Gas Market To Be Propelled By Rising Demand In Power Generation Sector Till 2020 Business Articles | July 15 Wholesale Hassan Whiteside Jersey , 2016

New Market Research Reports Title “Shale Gas Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Grand View Research Report Database



The global shale gas market is expected to reach USD 67.02 billion by 2020, according to a new study by Grand View Research, Inc. Depleting conventional energy reserves across the globe has prompted the industry to shift focus towards developing alternative energy sources which is expected to remain a key driving factor for shale gas demand over the next six years. In addition Wholesale Justise Winslow Jersey , regulatory support for developing unconventional gases including shale gas is also expected to enhance commercialization over the forecast period. However, environmental concern, especially excessive usage and contamination of water during shale gas production process is expected to be a key challenge for industry participants over the next six years.


Browse full research report on Global Shale Gas Market:?

Power generation emerged as the leading application market for shale gas and accounted for 30.4% of total market volume in 2013. Environmental concerns regarding power generation via conventional energy coupled with regulatory support for development of unconventional energy sourcesfor power generation is expected to remain a key driving factor over the forecast period. However Wholesale James Johnson Jersey , transportation is expected to be the fastest growing application market for shale gas at an estimated CAGR of 10.8% from 2014 to 2020. Growing demand for alternative fuels such as compressed natural gas (CNG) and autogas (LPG) is expected to drive the demand for shale gas in transportation industry over the next six years.