1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
  5. > Shale Gas Implications for Test & Measurement

Shale Gas Implications for Test & Measurement

  • May 2015
  • -
  • Frost & Sullivan
  • -
  • 45 pages

Summary

Table of Contents

Opportunities for T&M is Greater in the United States and Canada with Increased Shale Gas Exploration

With increased fuel demand across the globe, the need to locate new energy reserves is also growing. However, governments are more focused on the environmental impact of using these resources than ever before. Shale gas has been identified as one of the solutions for addressing the rise in global gas demand. Test and measurement market plays a concealed role in shale gas exploration. However, there are numerous environmental concerns associated with the shale gas industry, such as the risk of earthquakes, water contamination, and pollution as a result of fracking. This study showcases the opportunities for global shale gas exploration and its economic benefits.With increased fuel demand across the globe, the need to locate new energy reserves is also growing. However, governments are more focused on the environmental impact of using these resources than ever before. Shale gas has been identified as one of the solutions for addressing the rise in global gas demand. Test and measurement market plays a concealed role in shale gas exploration. However, there are numerous environmental concerns associated with the shale gas industry, such as the risk of earthquakes, water contamination, and pollution as a result of fracking. This study showcases the opportunities for global shale gas exploration and its economic benefits.

Key Findings
-Shale gas exploration will be a game changer in the energy industry due to depleting natural gas reserves and increasing energy costs.
-Many shale reserves have been identified across the world. Countries such as the US, Argentina, and Mexico have the advantage of well-established local gas infrastructure, which will make it easier to distribute to markets that include the power generation, residential, commercial, industrial, and transport sectors.
-However, there are numerous environmental concerns associated with the shale gas industry, such as the risk of earthquakes, water contamination, and pollution as a result of fracking.
-Consequently, shale gas exploration are banned in some countries such as France and The Netherlands. In addition, shale gas exploration did not proceed in certain regions due to public opposition despite licenses being granted to oil and gas companies to drill test wells.
-The key factor for the demand for non-destructive test (NDT) and measurement equipment in the shale gas industry is the need for continuous condition monitoring and inspections of wells, oil rigs, tubular goods, casing, and infrastructure.
-An important factor that drives the adoption and growth of NDT in the shale gas industry is the high return on investment (ROI) as performing NDT results in cost savings.
-In addition, the NDT equipment market is characterized by high replacement rate in the shale gas industry due to standardization of technologies used for inspection.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
North America Pressure Pumping Market by Type, Resource Type, Well Type, and Country - Global Forecasts to 2021

North America Pressure Pumping Market by Type, Resource Type, Well Type, and Country - Global Forecasts to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“The North America pressure pumping market is projected to grow at a CAGR of 2.6% from 2016 to 2021” The North American pressure pumping market is projected to reach USD 29.94 billion by 2021, growing ...

Opportunity in Shale Gas Development in global market - 2017

Opportunity in Shale Gas Development in global market - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...

Global Shale Gas Processing Equipment Market - Market Analysis by Geography, Type of Equipment Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2017 - 2022)

Global Shale Gas Processing Equipment Market - Market Analysis by Geography, Type of Equipment Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2017 - 2022)

  • $ 4250
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

Global Shale gas processing equipment industry is projected to grow at a CAGR of 13.8 percent from 2014 to 2022. Shale gas processing equipment will be used for natural gas processing purposes. The equipment ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.