The global shale gas hydraulic fracturing market is predicted to register a CAGR of 10.9% over the forecast period, according to FMI’s analysis. The shale gas hydraulic fracturing sales are anticipated to increase from 32.1 thousand units in 2023 to 90.3 thousand units by 2033 end.

The United States is projected to maintain its market dominance over the anticipated time period, whereas China is forecast to offer impressive growth opportunities. In terms of CAGR, China is projected to emerge as a significant market in the 10–year forecast period. Currently, the world is more dependent on unconventional energy resources like shale gas.

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By the end of 2033, it is expected that the development of shale gas in the key regions of the world, i.e., the United States and China, will garner high traction in the evaluated period. The United States is projected to offer new opportunities and breakthroughs for key players as a result of the rising deployment of relatively cheaper energy resources.

Over the forecast period, this region is likely to dominate the global shale gas market in terms of sales and presently accounts for two-thirds of the market in terms of volume and value. 

China, post ten years after the development of the first fractured shale gas well, has become the second nation in the world to possess core technology to extract shale gas. The country has realized the potential of shale gas fracturing techniques from lagging to partially leading and built a technology system and fracturing theory ideal for the extraction of middle-shallow marine shale gas.

The key countries are constantly conducting research for technologies, fracturing theories, and methods convenient for domestic ultra-deep and deep marine shale gas. Additionally, transitional shale and terrestrial shale gas are also being researched for the efficient growth of shale gas in these countries.

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