Report Highlights
- The global market for unconventional natural gas extraction technologies was valued at nearly $61.2 billion in 2010 and nearly $61.6 billion in 2011. The market should reach $91.3 billion in 2016 after increasing at a five-year compound annual growth rate (CAGR) of 8.2%.
- North America accounted for $54.8 billion in 2011 and is projected to total $63.8 billion in 2016, a CAGR of 3.1%.
- The North American vertical and directional drilling sector was valued at $2 billion in 2011 and should reach nearly $2.5 billion in 2016, a CAGR of 4.2%.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
This study provides a review of the global markets for unconventional natural gas production technologies at a regional level, with additional breakdowns for select relevant national-level markets. It seeks to quantify unconventional natural gas technologies markets based on available data and anticipated trends in global and regional market development for the considered unconventional natural gas extraction technologies.
REASONS FOR COMPLETING THIS STUDY
BCC’s goal in conducting this study is to assess and describe the current status of the global unconventional natural gas-extraction technologies, as well as to assess the potential growth of this industry. More specifically, the study has the following objectives:
- To summarize existing unconventional natural gas extraction technologies and promising technologies under development.
- To evaluate the existing unconventional natural gas industry, with a focus on producers of each major viable technology.
- To assess market potential for unconventional natural gas extraction technologies over a five-year period from 2011 through 2016.
- To provide regional market breakdowns with select sub-regional breakdowns for countries with promising unconventional natural gas resources.
CONTRIBUTORS TO AND USE OF THIS STUDY
Global interest in unconventional natural gas production and associated extraction technologies has taken off over the last five years due to the influence of the unconventional natural gas boom in North America. Many countries are now looking to unconventional natural gas as a potential energy source to alleviate supply shortages, lower natural gas costs and generate revenue. This study is anticipated to be useful to industry players, researchers, corporations and others who have a stake in unconventional natural gas extraction technologies, as well as those who are considering expanding into these markets. This study provides critical information to decision makers regarding regional- and national-level investment strategies, along with the level of anticipated returns that will result from continued market development.
SCOPE AND FORMAT OF THIS REPORT
The scope of this report includes the following categories of unconventional natural gas extraction technologies:
- Vertical and directional drilling.
- Horizontal drilling.
- Hydrofracture equipment.
- Hydrofracture chemicals.
- Well completion and operation equipment.
Markets considered are shown in the following table. BCC analyzes each technology, determines its current market status, examines its impact on future markets and presents forecasts of growth over the ensuing five years. Technological issues including the latest trends are assessed and discussed, as is the current and likely ongoing regulatory environment in support of this industry.
BCC analyzes anticipated market values in light of regional and global markets for unconventional natural gas. This report examines government roles with respect to unconventional natural gas production, including regulatory requirements, support and incentives. It provides a review of the most relevant extraction technologies, discusses recent trends in well development and regional drilling and provides overviews and market assessments for each technology.
GLOBAL MARKETS
The following table provides a review of the major global markets that were assessed in support of this study. Market breakdowns are provided for each of the listed regions and individual countries.
GLOBAL MARKETS CONSIDERED IN THIS STUDY
Market | Countries/Regions |
North America | U.S., Canada, Mexico |
South America | Argentina, Brazil, Chile, other South American countries considered in aggregate |
Europe | Russia, Poland, France, Norway, U.K., Turkey, other European countries considered in aggregate |
Asia/Australia | China, Australia, India, Indonesia |
METHODOLOGY
Background information, including reviews of each unconventional natural gas technology and its implementation status, was collected from government and industry sources. Specific citations and references are provided as needed to support this study, and website links to government and industry studies, white papers and other relevant information are provided whenever available.
BCC’s research of present and historic market trends was conducted primarily via phone interviews and Internet research, relying on personal interviews and available governmental data. Internal company data and annual documentation of sales relevant to a particular unconventional natural gas technology were also reviewed to prepare market assessments. Based on the results of these surveys and research, BCC analyzed the potential applications for each technology and forecast remaining 2011 sales and sales through 2016.
Market sizes and installed capacity figures were calculated based upon data obtained from surveyed parties. Additionally, when available, the data provided in this report were compared with other industry data to ensure relevance, applicability and accuracy.
RESEARCH INFORMATION SOURCES
Report Section | Information Source | Primary or Secondary |
Overview | Scientific, government and industry research | Secondary |
Regulatory structure | Government documents, interviews | Primary and secondary |
Industry structure and market overview | Industry interviews and published documentation | Primary and Secondary |
Major companies and company profiles | Industry interviews and published documentation | Primary and Secondary |
Market assessment and projections | Industry interviews, government and non-governmental organization (NGO) documents, data and news services, BCC Research calculations | Primary and secondary |
Source: BCC Research
INFORMATION SOURCES
Both primary and secondary research methods were used in preparing this report. BCC surveyed more than 50 companies to obtain the data for this study. Included were manufacturers of unconventional natural gas technologies, distributors of unconventional natural gas technologies and companies involved with the deployment of unconventional NG technologies and field facilities. BCC also spoke with users of these technologies in a variety of global locales. Additionally, BCC compiled data from current financial and trade information, industry associations and government sources.
ANALYST CREDENTIALS
Robert Eckard has more than a decade of experience working in the energy and environmental industries. Currently pursuing a PhD in Water and Energy Resources at the University of California at Davis, Mr. Eckard also runs a small industry research and technical consulting company, with an emphasis on energy, water and environmental sectors. He has provided economic analysis market assessments, environmental analysis, and technical water and energy reports to state and local governments, other consultants, and private companies and individuals throughout the U.S., Australia and Singapore. He also works as a subcontractor under the U.S. Department of Energy, providing analysis in support of fossil-fuel extraction and refining for petroleum fuels, coal and natural gas. He has produced reports for BCC Research on the global markets for residential and commercial solar thermal (ST) technologies, industrial and utility scale ST technologies, distributed generation (DG) technologies and energy-efficiency (EE) technologies.
BCC ON-LINE SERVICES
BCC Research offers an online information retrieval service. Its home page, located at www.bccresearch.com, enables readers to:
- Examine the complete BCC Research catalog of market research reports and place direct orders.
- Subscribe to any of BCC Research’s many industry newsletters.
- Read announcements of recently published reports and newly launched newsletters.
- Register for its well-known conferences.
- Request additional information on any BCC research product.
- Take advantage of special offers.
DISCLAIMER
The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal or accounting advice, nor should it serve as a corporate policy guide, laboratory manual or an endorsement of any product, as much of the information is of a speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or from its use.
Analyst Credentials
Robert Eckard, PhD, has 15 years of experience working in the cleantech, clean transportation, clean/smart cities, advanced fuels, water and energy sectors. Having completed his dissertation at the University of California at Davis, Robert also runs a specialty industry research and technical consulting company, with an emphasis on energy, water and climate-oriented sectors, including those segments relevant to this study. Robert specializes in commercialization, data-based economic analysis, market development and penetration, environmental analysis and technical energy, environmental and market studies for Fortune 500, Global 1000 and promising startups, as well as state and local governments, other consultants and industry organizations throughout the U.S., Canada, Europe, the Middle East, Southeast Asia and Australia. He worked as a subcontractor under the U.S. Department of Energy providing evaluations of a wide array of industrial technologies, systems and related supply markets. He helped to successfully develop new markets in the U.S. and abroad, identify target niches and support highly successful business strategy development. Previously, he produced reports for BCC Research on global markets pertaining to energy, industry, energy efficiency, water and industrial, durable goods and related categories and technologies. Robert works directly in the industries that he analyzes and has successfully secured over $225 million in fund development for specific projects and technologies in the last six years.
Related Reports
Gas-to-Liquids Processes for Chemicals and Energy Production
The total market value of products produced using GTL (gas-to-liquids), CTL (Coal-to-liquids), and BTL (biomass-to-liquids) was $4.4 billion in 2010 and $4.5 billion in 2011. BCC projects this market will increase from $4.6 billion in 2012 to $6.8 billion by 2017, a CAGR of 8.1% over the five year period.
Oilfield Process Chemicals: Global Markets
The global oilfield chemicals market is projected to increase at a compound annual growth rate (CAGR) of 5.7% between 2010 and 2015 as the drilling activities return and production rates are stimulated and new wells brought online. The market should reach a value of $8.2 billion at the manufacturing level by 2015, from a value of $6.2 billion in 2010.
Petrochemical (Petroleum and Chemical) Catalysts: The U.S. Market
Catalysts for chemical, petrochemical, and petroleum refining processes constitute a significant business in the United States. BCC estimates total merchant sales of these products in the U.S. in 2010 at about $4.1 billion. The total U.S. market value is forecast to increase at a compound annual growth rate (CAGR) of about 2.5% to reach more than $4.6 billion by 2015.
Carbon Capture & Storage Technologies
The report examines global markets for carbon dioxide capture and storage (CCS) technology, the status of competing carbon capture technologies as well as global technological research and development (R&D) for carbon capture technologies to prevent global warming. Includes forecasts through 2014
Recent Reports
Hydrogen Fuel Cell: Global Markets
The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.
Biorefinery Products and Applications: Global Markets
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.
Battery Separators: Global Markets
The global market for battery separators is expected to grow from $8.1 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.6% during the forecast period of 2024 to 2029.
Carbon Credits Market: Global Outlook
This report provides an up-to-date analysis of current and future markets for carbon credits and the carbon offsets industry. It presents a thorough and up-to-date global assessment of the market and business of carbon credits. The report also includes a competitive landscape, ESG analysis, and detailed company profiles of leading market players.
Hydrogen Storage: Materials, Technologies and Global Markets
The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.
Top Trending Reports
AI in Clinical and Molecular Diagnostics Market
The global market for AI in clinical and molecular diagnostics is expected to grow from $2.6 billion in 2024 and is projected to reach $8.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.6% during the forecast period of 2024 to 2029.
Point-of-Care Diagnostics: Technologies and Global Markets
The global market for point-of-care diagnostics was valued at $36.9 billion in 2023. It is expected to grow from $40.6 billion in 2024 to $65.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% from 2024 through 2029.
Medical Devices: Technologies and Global Markets
The global market for medical devices reached $739.6 billion in 2023. It is expected to grow from $810.4 billion in 2024 to $1.3 trillion by the end of 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
CRISPR Technology: Global Markets
The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.
Global Artificial Intelligence (AI) Market: Investments vs Potential
The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More