Lucintel Forecast: Shale Gas to Challenge Nuclear Energy and Carbon-Intensive Fuels in US

The US shale gas hydraulic fracturing industry is expected to witness significant growth over the next five years partially due to government initiatives to substitute natural gas for nuclear energy and carbon-intensive fuels.


The US shale gas hydraulic fracturing industry is expected to witness significant growth over the next five years partially due to government initiatives to substitute natural gas for nuclear energy and carbon-intensive fuels. In the US, the shale gas hydraulic fracturing industry is expected to reach an estimated $15.5 billion in 2018.An abundance of shale gas resources and improving drilling technologies, along with improving supply and distribution infrastructure are combining to drive the industry.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the industry and presents its findings in "US Shale Gas Hydraulic Fracturing Industry 2013-2018 Trend, Profit, and Forecast Analysis."US shale gas hydraulic fracturing industry is consolidated with the presence of large companies in the market. Major players such as Halliburton Company, Schlumberger Limited, and Baker Hughes Incorporated dominate the industry. The competitive landscape changed in 2012 as compared to 2007 as FTS International (formerly Frac Tech) acquired the fourth position by replacing Trican Well Service Ltd.

As indicated in the study, the presence of enormous and relatively easy to access shale gas reserves in the US will drive market growth in the future. A growing number of permits for drilling in recent years has boosted the market and will continue to do so in the near future. Large investments by upstream industry players and the use of environment-friendly techniques are anticipated to drive the industry in the future. Shale gas is estimated to account for nearly 50% of future US natural gas production. The possibility of drinking water contamination by fracking fluids is one of the industry's major issues. A deep shale gas well hydraulic fracturing operation requires enormous amounts(3 million to 5 million gallons) of water.

Lucintel research indicates the industry should concentrate on the various environmental impacts related to hydraulic fracturing, which will create growth opportunities for the industry. The use of foam can help companies in addressing public concerns on environmental effect of fracturing.

The report provides an overview of the industry with trend and forecast analysis. For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel offers a broad range of Industry Research Reports, Market Research Reports, and Management Consulting services.

Featured Product

Dynapower - MAXIMIZE PRODUCTION AND REVENUES WITH SOLAR PLUS STORAGE

Dynapower - MAXIMIZE PRODUCTION AND REVENUES WITH SOLAR PLUS STORAGE

The addition of energy storage to an existing or new utility-scale PV installation allows system owners and operators the opportunity to capture additional revenues. Traditional storage plus solar applications have involved the coupling of independent storage and PV inverters at an AC bus or the use of multi-input hybrid inverters. An alternative approach - coupling energy storage to PV arrays with a DC-to-DC converter - can help maximize production and profits for existing and new utility-scale installations. DC-Coupled Utility-Scale Solar Plus Storage leads to higher round-trip efficiencies and lower cost of integration with existing PV arrays and at the same time, opens up new revenue streams not possible with traditional AC-coupled storage, including clipping recapture and low voltage harvesting, while being eligible for valuable tax incentives.