Market Size of North America Shale Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Shale Market Analysis
The North American shale market is expected to register a CAGR of over 6% during the forecast period of 2020-2025. Factors, such as using shale gas, which is a cleaner fuel than coal for energy generation, are likely to drive the North American shale market. However, higher breakeven costs for the oil and gas produced from unconventional reservoirs is expected to have a negative impact on the North American shale market.
- The shale gas segment, because of its increasing production, has dominated the market in 2018 and is likely to dominate the market during the forecast period.
- Massive amounts of proven reserves of shale and its development in countries, such as Canada and Mexico, are likely to create an opportunity for the North American shale market.
- The United States due to the production of 95% of shale gas and shale oil in North America held the major share in 2018 and is expected to dominate the market during the forecast period.
