Another Report Forecasts Shale Market Reaching Over $104 Billion by 2020

Despite current difficulties caused by low crude and natural gas prices, some analysts believe that global shale gas market is set to grow  exponentially within the next four years. According to a recent report from Allied Market Research, global shale industry is to reach $104.1 billion by 2020, registering a CAGR of 9.3 percent during the forecast period (2014 – 2020). The predictions are almost identical to those made by Zion Research back in January, when they predicted a growth resulting in USD 105 billion in 2020, again, growing at a CAGR of around 9 percent between 2015 and 2020.

Shale Gas Consumption is Estimated to Grow at CAGR 12.6%

A new report published by Allied Market Research, titled, “World Shale Gas Market - Opportunities and Forecasts, 2014 - 2022,” states that the global shale gas would grow at CAGR of 14.4% during 2015 and 2022. In North America, most of the shale gas is consumed in power generation applications which accounted for about 36% in 2015.