Powering up the Shale Gas Processing Equipment Market
Shale Gas Processing Equipment Market: Overview
Shale gas processing equipment is used for the purpose of processing the shale gas before it is transported. The gas is transported with the help of the pipelines. In order to make the shale gas usable some components such as CO2, H2S, N2, heavy hydrocarbons, and water need to be eliminated which is done by processing the gas so that it meets the safety, environmental, pipeline and quality specifications.
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Shale Gas Processing Equipment Market: Facts
The production of the shale gas was not on a large-scale until the developments that were made by the Mitchell Energy and Development Corporation which in turn largely implemented the shale gas production in the Barnett Shale in North-Central Texas.
Shale Gas Processing Equipment Market: Segmentation
The global market for the shale gas processing equipment is fragmented into its type of component and regions. Based on the component type, the global market is segregated into electrical machinery, compressors & pumps, heat exchangers, internal combustion engines, and measuring & controlling devices. The geographical diversification of the global shale gas processing equipment market includes the Middle East and Africa, North America, Asia Pacific, Latin America, Eastern Europe, and Western European regions.
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Shale Gas Processing Equipment Market: Growth Factors
There is growing demand for the shale gas which accelerates the need for the investments to be made in the exploration activities which, in turn, gives rise to the demand of the shale gas processing infrastructure and equipment. In the recent years, there has been a tremendous requirement for the energy by many industries which lead to the requirement of increased exploration activities of the fuel reserves that are unconventional. Another factor that will drive the demand of the market is the properties such as lower emissions of carbon and high calorific value when compared to the conventional sources of energy such as coal and petroleum.
Shale Gas Processing Equipment Market: Regional Analysis
The region that holds the major market share in the shale gas processing equipment is the North America. The country that dominates the North American region is the U.S., as it is the hub of the shale gas processing equipment owing to the fact that there are many shale reserves. Other factors that contribute to the market growth in this region are the presence of the drilling techniques that are cost-effective, developments that are made in the technology, and the supportive government regulations. In Asia Pacific region, China will be growing significantly in the shale gas processing equipment market owing to the government policies implemented with respect to the shale gas exploration activities. The market growth in the European regions is slow owing to the stringent rules that are imposed by the government regarding the safety of the environment.
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Shale Gas Processing Equipment Market: Competitive Players
The key market players that are involved in the shale gas processing equipment market include Honeywell UOP, Linde Engineering, Newpoint Gas LP, Van Air Inc., Camaron, GasTech Engineering LLC, Pall Corporation, Exterran Corporation, and others.
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