Shale Gas Processing Equipment Market Expected to Witness Vigorous Expansion by 2026
The U.S. market for shale gas processing equipment is predicted to account for a share of over 70% market share by 2026
tusharJuly 9, 2021 Shale Gas Processing Equipment Market
The U.S. is the largest shale gas market, and out of overall natural gas produced in the country, shale gas accounted for more than half of the market share. Hence, trade for gas processing equipment increased in response to the recovering oil & gas prices. In the above scenario, major demand is observed for heat exchangers, separators, compressors, and combustion engines. Furthermore, there is a rise in the investment in the midstream oil & gas equipment due to increase in trade and oil prices.
ATB Riva Calzoni operates in the energy industry and is divided into hydrocarbons and renewable power sectors.
ATB Riva Calzoni oil and gas division offers a wide range of services for the hydrocarbons sector. The company supplies process packages for engineering, services for engineering, procurement and construction (EPC), pressure vessels, evolved packet systems (EPS) and operation and maintenance (O&M) services.
Hydrocarbons engineering and design services
Through its controlled company DG Impianti, ATB Riva Calzoni’s engineering and design business unit delivers a comprehensive range of services, from commissioning and start-up assistance to conceptual and feasibility studies.
As a front-end engineering and design (FEED) provider, ATB employs a multidisciplinary approach, using its value engineering capabilities and project experience.
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Portland, OR, March 09, 2021 (GLOBE NEWSWIRE) According to the report published by Allied Market Research, the global shale gas processing equipment industry was pegged at $4.51 billion in 2018 and is anticipated to hit $13.5 billion by 2026, manifesting a CAGR of 14.8% during the forecast period. The report offers an extensive analysis of changing market trends, top winning strategies, key segments, Porter s Five Forces, and business performance of key market players.
Rise in number of shale gas reserves, increase in its production at commercial scale, and technological advancements in heat exchangers drive the growth of the global
shale gas processing equipment market. However, poor effects caused by shale gas production through hydraulic fracturing hinders the growth some extent. Nevertheless, rise in efforts of government to commercially exploit shale reserves is expected to present lucrative opportunities for the key players in the near future.
davidFebruary 15, 2021
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