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Tight Gas Market Share, Analysis, Trends To 2020 by Grand View Research, Inc. Business Articles | November 22 Cheap Sheldrick Redwine Jersey , 2015

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



Global tight gas market is expected to reach USD 59.40 billion by 2020, growing at a CAGR of 3.6% from 2014 to 2020. Depleting conventional natural gas reservoirs around the world has prompted the industry to develop unconventional reserves which is expected to remain a key factor driving the market for tight gas. In addition, government support in the form of financial incentives and tax holidays is also expected drive the market over the forecast period. Favorable regulatory scenario in China, coupled with government initiatives to increase tight gas and CBM production is expected to drive market demand over the next six years. However Cheap Sione Takitaki Jersey , high costs associated with drilling and completion of tight gas reserves and environmental concerns caused due to hydraulic fracturing are expected to be a key challenge for market participants in the coming years.


Browse full research report on Global Tight Gas Market:?

Further key findings from the study suggest:

Global tight gas production was 11,816.3 Bcf in 2013 and is expected to reach 16,141.5 Bcf by 2020, growing at a CAGR of 4.7% from 2014 to 2020. Power generation emerged as the leading application market for tight gas and accounted for 33.1% of total tight gas produced globally in 2013. Power generation along with being the largest market is also expected to be the fastest growing application market Cheap Greedy Williams Jersey , at an estimated CAGR of 6.2% from 2014 to 2020. North America dominated the global market for tight gas with the U.S. and Canada together accounting for more than 75% of global tight gas produced in 2013. U.S. dominates the North American tight gas market, with revenue estimated at USD 25.92 billion in 2013, expected to grow at a CAGR of 3% from 2014 to 2020. However, government support to push the production of tight gas in China is expected to make Asia Pacific the fastest growing market for tight gas at an estimated CAGR of 13.6% from 2014 to 2020. However Cleveland Browns Jerseys For Sale , lack of drilling companies operating in Australia and Western Europe to meet the economies of scale has been hampering the production rate. Key companies operating in the global tight gas market include, Anadarko, British Petroleum, ExxonMobil Browns Jerseys For Sale , PetroChina, Royal Dutch Shell. Cheap Nike Shoes China Cheap Jordan 1 Cheap Nike Running Shoes Cheap Air Max Light Bone Cheap Nike Air Max 97 Cheap Air Max 90 Infrared Cheap Air Max Hot Punch Air Jordan 11 For Sale Air Max 2018 Clearance Cheap NFL Jerseys Free Shipping