Dallas, TX (PRWEB) March 27, 2014
Over the years, there has been a tremendous increase in the technological advancements that have led to an increase in the extraction of shale gas from reservoirs in the US.
The technological advancements include unlocking the potential of unconventional gas, managing produced water, the development and determination of gas, well log interpretation, and the development of well simulation models. Also, the market vendors are increasing their investment in R&D, which in turn is reducing the time and cost for horizontal drilling. Moreover, the overall volume of production has increased and the cost and risk have reduced significantly because of 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 US Shale Gas market during the forecast period.
According to the report, one of the main drivers in this market is the increased natural gas consumption in the country. The US government has shifted its focus toward shale gas extraction to reduce its dependency on conventional gas resources. This in turn is expected to propel the growth of the market during the forecast period.
The Shale Gas market in the US can be divided into five segments based on end-user: Power Generation Sector, Industrial Sector, Residential Sector, Commercial Sector, and Transportation Sector.
The Shale Gas Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the states of Texas, Louisiana, Pennsylvania, and Arkansas; it also covers the Shale Gas market in the US landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Covered in this Report
Key Market Driver