Tight Gas Market Is Expected To Reach USD 59.40 Billion By 2020, Growing At a CAGR of 3.6% From 2014 to 2020: Hexa Reports

Deep Research on “Tight Gas Market” – 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.

Tight Gas Market- 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, 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 Detail Report With TOC @ http://www.hexareports.com/report/tight-gas-market-analysis-market-size-application-analysis-regional-outlook-competitive-strategies-and-forecasts-to-2020/

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, 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, 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, PetroChina, Royal Dutch Shell, Sinopec and Total SA among some other companies.

Related Reports:

Global Mono-Crystal Growing Furnace Market 2015-2019-

http://www.hexareports.com/report/global-mono-crystal-growing-furnace-industry

Global Portable Solar Charger Market 2015-2019-

http://www.hexareports.com/report/global-portable-solar-charger-industry

Global PV Charge Controller Market 2015-2019-

http://www.hexareports.com/report/global-pv-charge-controller-industry

For the purpose of this study, Grand View Research has segmented the global tight gas market on the basis of application and region:

Tight Gas Application Outlook (Volume, Bcf; Revenue, USD Billion; 2012-2020)
Power Generation
Industrial
Residential
Commercial
Transportation

Regional coverage of the database includes:
North America
U.S.
Canada
Europe
Russia
Asia-Pacific
China
RoW

Request A Sample copy of This Report @ http://www.hexareports.com/sample/42786

About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Information:
Ryan Shaw
Hexa Reports
Felton Office Plaza,
6265 Highway 9,
Felton, California, 95018,
United States
Phone Number
1-800-489-3075
Email Us: sales@hexareports.com
Our Website: http://www.hexareports.com

Logo: http://www.abnewswire.com/pressreleases/wp-content/uploads/2015/12/1450177529.jpeg

“Get key Market Research Reports and Insightful Company Profiles”

Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: sales@hexareports.com
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexareports.com/report/tight-gas-market-analysis-market-size-application-analysis-regional-outlook-competitive-strategies-and-forecasts-to-2020/details

Source: ABNewswire

ReleaseID: 46702