Shale Gas Processing Equipment Market: Covid-19 Impact Analysis, Forthcoming Growth, Industry Developments, Industry Prospects and Forecast to 2028

Research Nester has published a report titled Shale Gas Processing Equipment Market: Global Demand Analysis & Opportunity Outlook 2028 which delivers detailed overview of the shale gas processing equipment market in terms of market segmentation by technologies, end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The equipment which are used in the shale gas processing are known as shale gas processing equipment. Some of the commonly known equipment used in the shale gas processing includes compressors and pumps, electrical machinery, heat exchangers, internal combustion engines, measuring & controlling devices, and others. Owing to the increasing demand for shale gas in end user industries, backed by its increasing application, which has also lowered the production cost of shale gas, are some of the factors anticipated to promote towards the growth of the global shale gas processing equipment market. Additionally, the global shale gas equipment market is anticipated to record a CAGR of around 17% over the forecast period, i.e., 2020-2028. The market is segmented by technology into horizontal drilling and hydraulic fracturing, out of which, horizontal drilling is expected to grow at the highest rate in the market over the years.

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Based on region, the shale gas processing equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. In Asia-Pacific,especially in China, the market is likely to offer lucrative growth opportunity in the future owing to the increasing investments by the government of the nation to produce shale gas.

Growing Demand for Energy

The increasing demand for energy worldwide on the back of growing urbanization, development of industries and others has raised the necessity for energy producers to produce fuel in higher volume. Moreover, increasing demand for renewable energy sources and fuel sources that produces less carbon, coupled with the need to produce shale gas in large volumes are some of the factors anticipated to drive the growth of the global shale gas processing equipment market.

However, high installation cost and fear of ground water contamination is expected to be a major restraint to the growth of shale gas processing equipment market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the shale gas processing equipment market which includes company profiling of Honeywell International Inc (NYSE: HON), Pall Corporation, Johnson Controls (NYSE: JCI), Exterran Corporation (NYSE: EXTN), Linde Engineering (NYSE: LIN), New Point Gas, LP, Van Gas System and Gas Tech Engineering LLC.

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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the shale gas processing equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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