Shale gas processing equipment market to cross $13.5 B by 2026

According to Allied Research, the global shale gas processing equipment market is projected to reach $13.5 billion by 2026, growing at a CAGR of 14.8% from 2019 to 2026. Shale gas equipment are used to eliminate components such as N₂, H₂S, heavy hydrocarbons, CO₂, and water from the raw shale gas and oil before it is sent for transportation.

This method includes various processes such as distillation, filtration, cracking, reheating, pyrolysis, and chemical treatment. Heat exchangers, separation, and filtration equipment play an important role as raw shale gas is drilled from shale formation, which needs to be heated and cooled at several temperature ranges followed by separation and filtration process.

As per the U.S. energy information administration, the global shale gas industry surpassed more than $200 billion revenue in 2018 and as per their estimates it is anticipated to generate more than $390 billion revenue by 2025. Shale gas and oil infrastructure and markets for their related products, more specifically, processing equipment, altogether are heading toward their growth expansion phase as whole.

The U.S. is the largest shale gas market, and out of overall natural gas produced in the country, shale gas accounted for more than half of the market share. Hence, trade for gas processing equipment increased in response to the recovering oil and gas prices. In the above scenario, major demand is observed for heat exchangers, separators, compressors, and combustion engines. Furthermore, there is a rise in the investment in the midstream oil and gas equipment due to increase in trade and oil prices.

Due to abundant shale gas reserves, its infrastructure expected to grow significantly over the next decade. Hence, processing equipment is expected to have a promising future over the years to come.

The U.S. reported shale gas production of over 37 Bft³ following Mexico and China at over 5 Bft³ and 2.1 Bft³, respectively, in 2015. As per the estimates of U.S. Energy Information Administration, the U.S. anticipated to produce over 80 Bft³ of shale gas by offering a scope to huge technological investment along with processing equipment manufacturing.

The global shale gas processing equipment market is bifurcated into component and region. On the basis of component, the global market is segmented into compressors and pumps, electrical machinery, heat exchangers, internal combustion engines, measuring and controlling devices, and others. The "others" segment includes separators and filters, hydrator/glycol dehydrator, injection systems, and storage tanks. Compressor and pumps is the largest segment among all and its growing demand is significantly expanding the global shale gas processing equipment market size.

Based on country, the shale gas processing equipment market is bifurcated across the U.S., Canada, China, Mexico, Algeria, Argentina, and others. The U.S. accounted for largest shale gas processing equipment market share over other countries. However, China is expected to exhibit highest CAGR during the forecast period. 

The major key players operating in the global shale gas processing equipment industry include Schlumberger Ltd., Sivalls Inc., Van Air Systems, Croft Production Systems Inc., Koch Industries Inc., Pall Corporation, PEMCO, Burckhardt Compression AG, Gas Processing Equipment, and ATB Riva Calzoni S.p.A.

• Most Read
• Most Commented