Shale Gas Processing Equipment Market

Market Overview:

The global shale gas processing equipment market size reached USD 5.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 9.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032. The market demand is surging due to increased shale gas drilling globally, major technology breakthroughs, rising demand for cleaner energy sources, and the introduction of favorable government policies and incentives. As well as growing emphasis on sustainable energy practices and rising exploration and production activities are supporting the market growth.

Shale gas processing equipment refers to the mechanical devices used for processing and preparing shale gas for transportation in interstate or intrastate pipelines. Some of the commonly used equipment includes compressors, pumps, heat exchangers, internal combustion engines, measuring and controlling devices, hydrators, dehydrators, injection systems and storage tanks. They are also utilized in the midstream phase to process, refine and treat the oil and gas before commercial utilization. They are used for various industrial processes, such as distillation, pyrolysis, reheating, cracking and chemical treatment. They also aid in the removal of condensates, mercury and nitrogen and natural gas liquid (NGL) extraction and fractionation.

Shale Gas Processing Equipment Market Trends:

Increasing Shale Gas Exploration

The rise in exploration activities globally is one of the leading factors driving the shale gas processing equipment market share. Major regions have witnessed significant advancements in shale gas extraction due to abundant reserves. This growing activity demands substantial investment in specialized equipment to extract, process, and refine the gas for various applications. Several countries have also recognized the potential of their shale gas reserves and are increasing exploration efforts, contributing to the global demand for gas processing infrastructure. The surge in exploration activity is primarily due to improved technologies like horizontal drilling and hydraulic fracturing, which have made previously inaccessible gas reserves economically viable. Effective gas processing tools, like compressors, heat exchangers, and separators, are essential as exploration grows in order to manage the higher gas volumes.

Technological Advancements

Advances in drilling and extraction technologies are playing a pivotal role in the growth of the shale gas processing equipment market. Hydraulic fracturing, or fracking, and horizontal drilling have revolutionized how shale gas is accessed, making it feasible to tap into previously uneconomical reserves. These advancements have drastically reduced the cost of shale gas production, making it a more competitive alternative to other fossil fuels. The improved precision of drilling and fracturing techniques allows companies to extract gas more efficiently and in higher volumes, increasing the demand for advanced processing equipment. Equipment manufacturers are also introducing more sophisticated machinery to handle the unique challenges of shale gas, such as high-pressure operations and the need for extensive filtration to remove impurities.

Rising Energy Demand

The growing global energy demand, particularly for cleaner energy sources, is a significant factor contributing to the expansion of the shale gas processing equipment market. Shale gas is increasingly being viewed as a bridge fuel between conventional fossil fuels and renewable energy sources due to its lower carbon emissions compared to coal and oil. As countries aim to reduce their greenhouse gas (GHGs) emissions and transition toward greener energy solutions, natural gas, including shale gas, is being adopted more widely for electricity generation, residential heating, and industrial applications. This shift is particularly pronounced in countries with limited access to renewable energy infrastructure, where shale gas serves as a more immediate and practical solution. The increased reliance on shale gas has led to higher production volumes, necessitating advanced processing equipment to ensure the gas is treated, purified, and delivered efficiently.

Shale Gas Processing Equipment Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global shale gas processing equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component and process.

Breakup by Component:

• Compressors and Pumps
• Electrical Machinery
• Heat Exchangers
• Internal Combustion Engines
• Measuring and Controlling Devices
• Others
   

Breakup by Process:

• Distillation
• Pyrolysis
• Reheating
• Cracking
• Chemical Treatment
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global shale gas processing equipment market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:

• Burckhardt Compression AG
• Croft Production Systems Inc.
• Exterran Corporation
• Gas Processing Equipment Pvt. Ltd.
• Gastech Engineering LLC
• Honeywell International Inc.
• Koch Industries Inc.
• Linde plc
• Membrane Technology and Research Inc.
• Newpoint Gas LLC
• Schlumberger Limited
• Van Air Systems
   

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Shale Gas Processing Equipment Market News:

• In September 2024, Honeywell acquired Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 Billion in an all-cash transaction. Honeywell's full-service solution now provides customers a holistic offering that encompasses natural gas pre-treatment, state-of-the-art liquefaction and digital automation technologies unified under the Honeywell Forge and Experion platforms, as well as the addition of Air Products' coil-wound heat exchangers (CWHE) technology.

Report Coverage:

Key Questions Answered in This Report:

• How has the global shale gas processing equipment market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global shale gas processing equipment market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the process?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global shale gas processing equipment market and who are the key players?
• What is the degree of competition in the industry?
   

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the shale gas processing equipment market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global shale gas processing equipment market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the shale gas processing equipment industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.