TechNavio recognizes the following companies as the key players in Global Unconventional Gas Market: Arrow Energy Pty Ltd., BG Group plc, BP plc, Chesapeake Energy Corp., Chevron Corp., Dart Energy Ltd., Devon Energy Corp., ExxonMobil Corp., and Royal Dutch Shell plc.
Commenting on the report, an analyst from TechNavio’s team said: “Over the years, there has been a tremendous increase in the technological advancements that have led to the increase in extraction of unconventional gas from reservoirs. The technological advancements include unlocking the potential of unconventional gas, managing produced water, development and determination of gas, well log interpretation, and the development of well simulation models. Also, the market vendors are increasing their investments in R&D, which in turn is reducing the time and cost for horizontal drilling. Moreover, the overall volume of production, cost, and risk has significantly reduced due to the rapid technological advancements in the industry. Therefore, the rapid technological advancements are one of the key trends that are expected to propel the growth of the Global Unconventional Gas market during the forecast period.”
According to the report, one of the main drivers in this market is the depleting conventional gas reserves across the globe. Due to the depleting conventional gas sources, governments across the globe are forced to shift their focus on alternative sources of gas supply, thereby propelling the growth of the market during the forecast period.
Further, the report states that one of the major challenges confronting the market is the capital-intensive nature of the unconventional gas projects. The extraction of unconventional gas such as CBM and shale gas requires strong technical expertise and use of advanced technology. This in turn increases the overall cost of the projects.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-unconventional-gas-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy\
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TechNavio Announces the Publication of its Research Report – Global Unconventional Gas Market 2014-2018
