The
US shale gas hydraulic fracturing industry is expected to witness good growth
over the next five years with the market reaching an estimated $15.5 billion in
2018.The abundance of shale gas resources in the US, decreasing natural gas
prices, and improving hydraulic fracturing techniques are the key drivers for
the industry.
Lucintel,
a leading global management consulting and market research firm, has conducted
a competitive analysis on the industry and presents its findings in “US Shale Gas Hydraulic Fracturing Industry
2013-2018 Trend, Profit, and Forecast Analysis.”The industry comprises
companies that engage in providing services related to hydraulic fracturing for
the extraction of shale gas in the US.
The US shale gas hydraulic
fracturing industry is highly regulated, as it must meet stringent government
and environmental regulations. As indicated in the study, rising oil prices
have triggered the demand for more shale gas supplies, which is one of the
major drivers for the current natural gas boom.
Shale gas demand is
expected to grow due to the virtue of its lower price, lower carbon emission
replacement for coal plants, and as a backup power source for renewable energy
sources. Stringent government regulations and public opposition are key
challenges for US shale gas hydraulic fracturing industry. The industry needs to
focus more on the environmental impacts of shale gas hydraulic fracturing for
further growth to occur in the industry.
Environment-friendly
hydraulic fracturing fluid systems and flow channel hydraulic fracturing
systems are the emerging trends that are expected to usher growth into the
industry by enhancing the productivity and reducing environmental impacts.
This
study provides an overview of the US shale gas hydraulic fracturing industry.
This report includes the use of hydraulic fracturing for the extraction of
unconventional shale gas in the United States only. The report provides annual
trends analysis for the past five years (2007-2012) and forecasts for the next
five years (2013-2018).
For
a detailed table of contents and pricing information on this timely, insightful
report, contact Lucintel at +1-972-636-5056 or via email at
helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services
that facilitate critical decisions with greater speed, insight, and cost
efficiency. Lucintel’s service offerings include SWOT Analysis, Target Screening, and Merger and Acquisition Consulting To learn more, visit
www.lucintel.com.