Shale Gas Processing Equipment Market Size 2022-27: Global Industry Trends, Share, Growth and Forecast
Shale Gas Processing Equipment Market Overview
The latest research study “Shale Gas Processing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global shale gas processing equipment market size reached US$ 5.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.85 Billion by 2027 exhibiting a CAGR of 7.20% during 2022-2027.
Shale gas processing equipment represent the mechanical devices used for preparing and treating shale gas for transportation in interstate or intrastate pipelines. Commonly used instruments include pumps, heat exchangers, compressors, internal combustion engines, measuring and controlling devices, hydrators, dehydrators, injection systems, storage tanks, etc. Shale gas processing equipment are also utilized in the midstream phase to process, refine, and treat the oil and gas before commercial utilization. They aid in the removal of mercury and nitrogen, condensates, and natural gas liquid (NGL) extraction and fractionation. As a result, shale gas processing equipment find widespread applications in various industrial processes, such as pyrolysis, reheating, distillation, cracking, chemical treatment, etc.
Covid-19 Impact Analysis:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Shale Gas Processing Equipment Market Trends and Drivers:
The escalating demand for this substance as an alternate energy source, owing to its higher calorific value and lower carbon emissions than petroleum and coal, is primarily driving the shale gas processing equipment market.
Besides this, the emerging trend of hydraulic fracturing and horizontal drilling techniques for oil and gas exploration activities is further augmenting the market growth. Moreover, the rising need for shale gas processing equipment to eliminate carbon dioxide, hydrogen sulfide, nitrogen, and heavy hydrocarbons is also catalyzing the global market. Apart from this, the development of efficient and cost-effective extraction strategies is acting as another significant growth-inducing factor.
Furthermore, the growing popularity of carbon dioxide-enhanced oil recovery (CO2-EOR) solutions for tertiary recovery from unconventional reservoirs while preventing chemical floods is expected to bolster the shale gas processing equipment market in the coming years.
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Shale Gas Processing Equipment Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 5.06 Billion |
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Market forecast in 2027 |
US$ 7.85 Billion |
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Growth Rate |
CAGR of 7.20% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Component and Process. |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Key companies profiled |
Burckhardt Compression AG, Croft Production Systems Inc., Exterran Corporation, Gas Processing Equipment Pvt. Ltd., Gastech Engineering LLC, Honeywell International Inc., Koch Industries Inc., Linde plc, Membrane Technology and Research Inc., Newpoint Gas LLC, Schlumberger Limited and Van Air Systems. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
- Compressors and Pumps
- Electrical Machinery
- Heat Exchangers
- Internal Combustion Engines
- Measuring and Controlling Devices
- Others
Breakup by Process:
- Distillation
- Pyrolysis
- Reheating
- Cracking
- Chemical Treatment
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
•Middle East and Africa
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List of Major Key Players:
The major players in the market are Burckhardt Compression AG (SWX: BCHN), Croft Production Systems Inc., Exterran Corporation (NYSE: EXTN), Gas Processing Equipment Pvt. Ltd., Gastech Engineering LLC, Honeywell International Inc., Koch Industries Inc., Linde plc, Membrane Technology and Research Inc., Newpoint Gas LLC, Schlumberger Limited and Van Air Systems.
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