USD 2.23 billion growth in Oil Shale Market Size With 47% of the Contribution from North America - Technavio

NEW YORK, Sept. 5, 2022 /PRNewswire/ -- The latest market analysis report titled Oil Shale Market by Application and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 14.18%. The analysts at Technavio have categorized the global oil shale market as a part of the global oil and gas exploration and production market within the global oil and gas market under the energy sector. Our report provides extensive information on the value chain analysis for the oil shale market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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The report on the oil shale market provides a holistic update, market size and forecast, trends, growth drivers, challenges, and vendor analysis. The rising use of oil shale across various industries is one of the key factors likely to influence market growth positively during the forecast period. Some countries, such as Israel, Jordan, and Morocco, are interested in developing their oil shale resources since they have large quantities but lack alternative fossil fuels. Such factors are likely to positively impact the growth of the global oil shale market during the forecast period. However, The environmental impacts of shale oil extraction will be a major challenge for the oil shale market during the forecast period. The environmental effect of the global oil shale market takes into account concerns including land use, waste management, and water and air pollution caused by oil shale extraction and processing. The extraction of oil from shale has the potential to have a significant environmental impact. Such challenges are likely to affect the growth of the global oil shale market.

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This report extensively covers the oil shale market segmentation by application (electricity, fuel, cement, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America).

Regional Opportunities: 47% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for oil shale in North America. Market growth in this region will be faster than the growth of the market in other regions. The rising depletion of non-renewable energy sources, the demand for a cost-effective alternative to conventional energy, and the region growing oil and energy industry will facilitate the oil shale market growth in North America over the forecast period. 

Revenue-generating Insights: The oil shale market share growth in the electricity segment will be significant during the forecast period. In today's world, where oil and electricity are becoming increasingly difficult to obtain, the appeal of generating shale oil and/or electric energy from oil shale has grown to the point where the country's energy diversity has expanded in terms of both economic and strategic importance. Such factors are expected to contribute to the growth of the electricity segment during the forecast period.

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The oil shale market covers the following areas:

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters

Oil Shale Market Sizing
Oil Shale Market Forecast
Oil Shale Market Analysis

Companies Mentioned
  • BP Plc: The company offers shale oil and gas, through its US onshore oil and gas business.
  • Chevron Corp.: The company develops tight oil and liquids-rich gas shales in the Permian region (Texas and New Mexico).
  • Eesti Energia AS: The company operates a 554 MW oil shale-fired power plant and a 10 million ton open cast mine in Jordan.
  • EQT Corp.:The company operates Marcellus and Utica Shale, which produces 72.9 million cubic feet of natural gas per day in a 24-hour period.
  • Independent Energy Partners Inc. The company generates oil and natural gas recovery from oil shale, coal, and a variety of other unconventional hydrocarbon resources.
  • Japan Petroleum Exploration Co. Ltd.
  • Oil and Natural Gas Corp. Ltd.
  • Shell plc

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Oil Shale Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 14.18%

Market growth 2022-2026

$ 2.23 billion

Market structure

Fragmented

YoY growth (%)

13.56

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 47%

Key consumer countries

US, Canada, China, India, and Russia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BP Plc, Chevron Corp., Eesti Energia AS, EQT Corp., Independent Energy Partners Inc., Japan Petroleum Exploration Co. Ltd., Oil and Natural Gas Corp. Ltd., and Shell plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application 
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Electricity - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Electricity - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Electricity - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Electricity - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Electricity - Year-over-year growth 2021-2026 (%)
  • 5.4 Fuel - Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Fuel - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Fuel - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Fuel - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Fuel - Year-over-year growth 2021-2026 (%)
  • 5.5 Cement - Market size and forecast 2021-2026 
    • Exhibit 36: Chart on Cement - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Cement - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Cement - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Cement - Year-over-year growth 2021-2026 (%)
  • 5.6 Others - Market size and forecast 2021-2026 
    • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Application 
    • Exhibit 44: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026 
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 APAC - Market size and forecast 2021-2026 
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026 
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026 
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026 
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Russia - Market size and forecast 2021-2026 
    • Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
  • 7.11 Canada - Market size and forecast 2021-2026 
    • Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.12 India - Market size and forecast 2021-2026 
    • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 BP Plc
    • Exhibit 97: BP Plc - Overview
    • Exhibit 98: BP Plc - Business segments
    • Exhibit 99: BP Plc - Key offerings
    • Exhibit 100: BP Plc - Segment focus
  • 10.4 Chevron Corp.
    • Exhibit 101: Chevron Corp. - Overview
    • Exhibit 102: Chevron Corp. - Business segments
    • Exhibit 103: Chevron Corp. - Key news
    • Exhibit 104: Chevron Corp. - Key offerings
    • Exhibit 105: Chevron Corp. - Segment focus
  • 10.5 Eesti Energia AS
    • Exhibit 106: Eesti Energia AS - Overview
    • Exhibit 107: Eesti Energia AS - Business segments
    • Exhibit 108: Eesti Energia AS - Key offerings
    • Exhibit 109: Eesti Energia AS - Segment focus
  • 10.6 EQT Corp.
    • Exhibit 110: EQT Corp. - Overview
    • Exhibit 111: EQT Corp. - Product / Service
    • Exhibit 112: EQT Corp. - Key offerings
  • 10.7 Independent Energy Partners Inc. 
    • Exhibit 113: Independent Energy Partners Inc. - Overview
    • Exhibit 114: Independent Energy Partners Inc. - Product / Service
    • Exhibit 115: Independent Energy Partners Inc. - Key offerings
  • 10.8 Japan Petroleum Exploration Co. Ltd. 
    • Exhibit 116: Japan Petroleum Exploration Co. Ltd. - Overview
    • Exhibit 117: Japan Petroleum Exploration Co. Ltd. - Business segments
    • Exhibit 118: Japan Petroleum Exploration Co. Ltd. - Key offerings
    • Exhibit 119: Japan Petroleum Exploration Co. Ltd. - Segment focus
  • 10.9 Oil and Natural Gas Corp. Ltd. 
    • Exhibit 120: Oil and Natural Gas Corp. Ltd. - Overview
    • Exhibit 121: Oil and Natural Gas Corp. Ltd. - Business segments
    • Exhibit 122: Oil and Natural Gas Corp. Ltd. - Key offerings
    • Exhibit 123: Oil and Natural Gas Corp. Ltd. - Segment focus
  • 10.10 Shell plc
    • Exhibit 124: Shell plc - Overview
    • Exhibit 125: Shell plc - Business segments
    • Exhibit 126: Shell plc - Key news
    • Exhibit 127: Shell plc - Key offerings
    • Exhibit 128: Shell plc - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 129: Inclusions checklist
    • Exhibit 130: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 131: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 132: Research methodology
    • Exhibit 133: Validation techniques employed for market sizing
    • Exhibit 134: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 135: List of abbreviations
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