Press Release

India Unconventional Gas Market to Grow at Steady CAGR During Forecast Period

Growing energy demand and depleting conventional gas reserves to drive India unconventional gas market during forecast period

According to TechSci Research report, India Unconventional Gas Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024, India unconventional gas market is expected to grow at a steady CAGR during the forecast period owing to the increasing investments in offshore production and exploration of oil & gas. Additionally, upstream activities for the oil & gas industry are expected to boost the production volumes thereby propelling the unconventional gas market in the country. However, hydraulic fracturing technology used to produce unconventional gas requires many chemicals which can cause eye, skin, and respiratory problems, and can also affect the brain, nervous system, and gastrointestinal system. This, in turn, is hampering the market for unconventional gases. Additionally, environmental issues such as water contamination associated with unconventional gas exploration & production is further restricting the growth of market.

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India unconventional gas market is segmented based on type, application, region and company. Based on type, the market can be fragmented into shale gas, tight gas, coalbed methane and others. Shale gas is expected to dominate the market during forecast period on account of the presence of abundant shale gas reserves in the country. Based on application, the market can be fragmented into industrial, residential, commercial, power generation, transportation, fuel industry and others. The transportation segment is anticipated to witness significant growth during forecast period on account of increase in the deployment of CNG vehicles in the country.

Oil & Natural Gas Corporation, Chevron Petroleum India Private Limited, Exxon Mobil India Private Ltd., Royal Dutch Shell, China Petroleum & Chemical Corporation (Sinopec), Gujarat State Petronet Limited, Reliance Industries Limited, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Oil India Limited and others are some of the leading players operating in India unconventional gas  market.

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“India unconventional gas market is expected to witness significant growth during the forecast period owing to the growing demand for energy and increasing disposable income of consumers in the country. Additionally, India has started focusing on the production of unconventional gas. For instance, Reliance Industries started commercial production of coalbed methane at its Sohagpur fields in Madhya Pradesh.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Unconventional Gas Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of India unconventional gas market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India unconventional gas market.

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