Depleting conventional natural gas reservoirs around the world has prompted the industry to develop unconventional reserves which is expected to remain a key factor driving the market for tight gas. In addition, government support in the form of financial incentives and tax holidays is also expected drive the market over the forecast period. More Information visit http://www.grandviewresearch.com/industry-analysis/tight-gas-industry

1. Grand View Research, Inc: Global Tight Gas Market to Reach USD 59.40 Billion
by 2020
Global tight gas market is expected to reach USD 59.40 billion by 2020, growing at a CAGR of 3.6%
from 2014 to 2020. Depleting conventional natural gas reservoirs around the world has prompted the
industry to develop unconventional reserves which is expected to remain a key factor driving the
market for tight gas. In addition, government support in the form of financial incentives and tax
holidays is also expected drive the market over the forecast period. Favorable regulatory scenario in
China, coupled with government initiatives to increase tight gas and CBM production is expected to
drive market demand over the next six years. However, high costs associated with drilling and
completion of tight gas reserves and environmental concerns caused due to hydraulic fracturing are
expected to be a key challenge for market participants in the coming years.
The report “Tight Gas Market Analysis and Segment Forecasts to 2020,” is available now to
Grand View Research customers
and can also be purchased directly at
Grand View Research, Inc: Global Tight Gas Market to Reach USD 59.40 Billion by 2020 1/3

2. http://www.grandviewresearch.com/industry-analysis/tight-gas-industry
Further key findings from the study suggest:
• Global tight gas production was 11,816.3 Bcf in 2013 and is expected to reach 16,141.5 Bcf by
2020, growing at a CAGR of 4.7% from 2014 to 2020.
• Power generation emerged as the leading application market for tight gas and accounted for 33.1%
of total tight gas produced globally in 2013. Power generation along with being the largest market is
also expected to be the fastest growing application market, at an estimated CAGR of 6.2% from 2014
to 2020.
• North America dominated the global market for tight gas with the U.S. and Canada together
accounting for more than 75% of global tight gas produced in 2013. U.S. dominates the North
American tight gas market, with revenue estimated at USD 25.92 billion in 2013, expected to grow at
a CAGR of 3% from 2014 to 2020. However, government support to push the production of tight gas
in China is expected to make Asia Pacific the fastest growing market for tight gas at an estimated
CAGR of 13.6% from 2014 to 2020. However, lack of drilling companies operating in Australia and
Western Europe to meet the economies of scale has been hampering the production rate.
• Key companies operating in the global tight gas market include, Anadarko, British Petroleum,
ExxonMobil, PetroChina, Royal Dutch Shell, Sinopec and Total SA among some other companies.
For the purpose of this study, Grand View Research has segmented the global tight gas market on
the basis of application and region:
• Tight Gas Application Outlook (Volume, Bcf; Revenue, USD Billion; 2012-2020)
• Power Generation
• Industrial
• Residential
• Commercial
• Transportation
Regional coverage of the database includes:
• North America
• U.S.
• Canada
• Europe
• Russia
• Asia-Pacific
• China
• RoW
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf,
customized research reports and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and energy. With a deep-seated
understanding of varied business environments, Grand View Research provides strategic objective
insights. For more information, visit http://www.grandviewresearch.com
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Grand View Research, Inc: Global Tight Gas Market to Reach USD 59.40 Billion by 2020 2/3

3. Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Grand View Research, Inc: Global Tight Gas Market to Reach USD 59.40 Billion by 2020 3/3