Shale gas is a natural gas, trapped within shale formation deep inside the earth. It is drilled and extracted by breaking the shale formation, refined, processed, and transported for commercial purposes. Apart from processed and refined shale gas, raw shale oil is also used as raw fuel, hydrogen production, and other uses. During the processing and refining phase, shale gas is refined as well treated with the help of a series of equipment, which are known as shale gas processing equipment. This research study focuses on the overall equipment used in the processing that includes compressors & pumps, electrical machinery, heat exchangers, internal combustion engines, measuring & controlling devices, and others. Separators and filters, hydrator/glycol dehydrator, injection systems, and storage tanks are some of the other equipment that are used during several processes to remove impurities and store purified gas.
The global shale gas equipment market is dependent in terms of growth on shale gas production and it is emerged as the prominent factor driving the overall market growth. Shale gas exploration activities are growing extensively on account of rise in energy demand. This is mainly reported in the U.S., which has the largest shale gas reserves and technological capability to extract and process shale reforms.
This further results into rise in demand for processing equipment. Development of technologies such as horizontal and vertical fracking is making gas extraction more effective and results into optimum gas extraction. This factor further offers scope for gas processing equipment across the globe.
On the split side, adverse effects of gas fracking on the environment and stringent government regulation on the horizontal fracking technology restraints the growth of the market. Water availability during the shale fracking and contamination concerns during the filtration process further creates the need for new filtration tools and makes gas processing expensive. This is expected to be a crucial challenge for processing companies. Nevertheless, rise in shale gas commercialization linked with widening shale gas infrastructure is anticipated to make way for new growth opportunities for the market during the forecast period.
The global shale gas processing equipment market is segmented on the basis of component and region. On the basis of component, the global market is studied across compressors & pumps, electrical machinery, heat exchangers, internal combustion engines, measuring & controlling devices, and others. Others segment includes separators & filters, hydrator/glycol dehydrator, injection systems, and storage tanks.
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, ATB Riva Calzoni S.p.A. One of the recent trends observed in this market includes penetration of small-scale manufacturers, who are dealing with only single of dual product lines.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
- It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market
- The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study
- The profiles of key players along with their key strategic developments are enlisted in the report
- Compressors & Pumps
- Electrical Machinery
- Heat Exchangers
- Internal Combustion Engines
- Measuring & Controlling Devices
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.5. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings of The Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets (For Upcoming Countries)
3.3. Porter’S Five Forces Analysis
3.4. Patent Analysis (2015-2018)
3.4.1. Patent Analysis By Processing Methods
188.8.131.52. Patent Analysis of Distillation Process
184.108.40.206. Patent Analysis of Chemical Treatment Process
220.127.116.11. Patent Analysis of Pyrolysis Process
18.104.22.168. Patent Analysis of Filter Process
22.214.171.124. Patent Analysis of Cracking Process
3.5. Market Dynamics
126.96.36.199. Abundant Shale Gas Reserves And Its Growing Production At Commercial Scale
188.8.131.52. Technological Evolution of Heat Exchangers
184.108.40.206. Adverse Effect Caused By Shale Gas Production Through Hydraulic Fracturing
220.127.116.11. Growing Efforts of Government To Commercially Exploit Shale Reserves
3.6. Impact of Government Rules And Regulations
3.6.1. Federal Laws On Hydraulic Fracturing
Chapter 4: Shale Gas Processing Equipment Market, By Component
4.1.1. Market Size And Forecast, By Country
4.2. Compressors And Pumps
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Country
4.2.3. Market Share Analysis, By Country
4.3. Electrical Machinery
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Country
4.3.3. Market Share Analysis, By Country
4.4. Heat Exchangers
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Country
4.4.3. Market Share Analysis, By Country
4.5. Internal Combustion Engine
4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Market Size And Forecast, By Country
4.5.3. Market Share Analysis, By Country
4.6. Measuring And Controlling Devices
4.6.1. Key Market Trends, Growth Factors, And Opportunities
4.6.2. Market Size And Forecast, By Country
4.6.3. Market Share Analysis, By Country
4.7.1. Key Market Trends, Growth Factors, And Opportunities
4.7.2. Market Size And Forecast, By Country
4.7.3. Market Share Analysis, By Country
Chapter 5: Shale Gas Processing Equipment Market, By Country
5.1.1. Market Size And Forecast, By Forecast, By Country
5.1.2. Market Size And Forecast, By Components
5.2.1. Key Market Trends, Growth, Factors, And Opportunities
5.2.2. Market Size And Forecast, By Component
5.3.1. Key Market Trends, Growth, Factors, And Opportunities
5.3.2. Market Size And Forecast, By Component
5.4.1. Key Market Trends, Growth, Factors, And Opportunities
5.4.2. Market Size And Forecast, By Component
5.5.1. Key Market Trends, Growth, Factors, And Opportunities
5.5.2. Market Size And Forecast, By Component
5.6.1. Key Market Trends, Growth, Factors, And Opportunities
5.6.2. Market Size And Forecast, By Component
5.7.1. Key Market Trends, Growth, Factors, And Opportunities
5.7.2. Market Size And Forecast, By Component
5.8.1. Key Market Trends, Growth, Factors, And Opportunities
5.8.2. Market Size And Forecast, By Component
Chapter 6: Competitive Landscape
6.1.1. Market Player Positioning, 2018
6.2. Product Mapping of Top 10 Player
6.3. Competitive Heatmap
Chapter 7: Company Profiles
7.1. Atb Riva Calzoni S.P.A.
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Product Portfolio
7.2. Burckhardt Compression Ag
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Product Portfolio
7.2.5. R&D Expenditure
7.2.6. Business Performance
7.3. Croft Production Systems, Inc.
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Product Portfolio
7.4. Danaher Corporation
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Product Portfolio
7.4.5. R&D Expenditure
7.4.6. Business Performance
7.5. Gas Processing Equipment
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Product Portfolio
7.6. Koch Industries, Inc.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Product Portfolio
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Product Portfolio
7.8. Schlumberger Limited
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Product Portfolio
7.8.5. R&D Expenditure
7.8.6. Business Performance
7.9. Sivalls, Inc.
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Product Portfolio
7.10. Van Air Systems
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Product Portfolio
*Full List of Tables and Figures Available on Enquiry.
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 & 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 & 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 billion cubic feet following Mexico and China at over 5 and 2.1 billion cubic feet respectively in 2015. As per the estimates of U.S. Energy Information Administration, the U.S. anticipated to produce over 80 billion cubic feet 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 & pumps, electrical machinery, heat exchangers, internal combustion engines, measuring & controlling devices, and others. Others segment includes separators & 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, an 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.
Key Findings of the Shale Gas Processing Equipment Market:
The U.S. market for shale gas processing equipment is predicted to account for a share of over 70% market share by 2026
Based on Component, compressors and pumps market segment is emerged as the global leader by acquiring 31% market share in 2018, and it is anticipated to be the largest market during the forecast period
As of 2018, shale gas accounted for more than 50% share in overall natural gas production in the U.S.
After $5.5 billion investment in shale gas exploration, China is anticipated to further invest in 2020 to develop hydraulic fracturing technology by aiming commercial production of shale reserves
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.
- Schlumberger Ltd
- Sivalls Inc
- Van Air Systems
- Croft Production Systems Inc.
- Koch Industries Inc.
- Pall Corporation
- Burckhardt Compression AG
- Gas Processing Equipment
- ATB Riva Calzoni S.p.A
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.