Shale Gas Market Progressing At USD 67.02 Billion By 2020 : Grand View Research Inc.
San Francisco, 22 November 2019: The Report Shale Gas Market Share, Size & Trend Analysis Report By Application (Industrial, Power Generation, Residential, Commercial, Transportation) And Segment Forecasts To 2020 The global shale gas market is expected to reach USD 67.02 billion by 2020, according to a new study by Grand View Research, Inc. Depleting conventional energy reserves across the globe has prompted the industry to shift focus towards developing alternative energy sources which is expected to remain a key driving factor for shale gas demand over the next six years. In addition, regulatory support for developing unconventional gases including shale gas is also expected to enhance commercialization over the forecast period. However, environmental concern, especially excessive usage and contamination of water during shale gas production process is expected to be a key challenge for industry participants over the next six years. Power generation emerged as t