What Do The Market Size And Growth Predictions For The Global Shale Gas Processing Equipment Market Reveal?
The shale gas processing equipment market size has seen substantial growth in recent years. It expanded from $8.12 billion in 2024 to $9.42 billion in 2025, displaying a compound annual growth rate (CAGR) of 16.1%. This growth during the historic period is largely due to growth in the fashion and apparel industry, the expansion of home sewing and DIY crafting activities, increased disposable income and consumer spending on apparel, demand for industrial sewing machines in manufacturing, and a rising emphasis on textile and leather industries.
Meanwhile, future projections indicate that the shale gas processing equipment market will continue to grow rapidly. It is expected to reach $16.93 billion by 2029, growing at a CAGR of 15.8%. Driving this forecasted growth are trends such as the adoption of computerized and automated sewing machines, expansion of sewing machine markets in emerging economies, research and development in sustainable sewing technologies, need for specialized machines for technical textiles, emphasis on compact and portable sewing machines, as well as increased demand for smart and connected sewing machines.
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What Are The Major Driving Forces in The Shale Gas Processing Equipment Market?
The accelerating energy demand is a significant factor propelling the growth of the shale gas processing equipment market. Energy demand refers to the total quantity of power or heat consumed by fixed infrastructures on the farm, denoted in kilowatts or kilowatt-hours within a given period. Shale gas has had a positive impact on energy supplies, consumer prices, and environmental benefits. For instance, in February 2023, the International Energy Agency reported that global electricity demand increased by nearly 2% in 2022. Going forward, global electricity demand is projected to grow at a significantly higher rate of 3% annually from 2023 to 2025, outpacing the growth seen in 2022. The rapid growth of energy demand directly translates to increased demand for shale gas, thereby driving the shale gas processing equipment market.
How Is The Global Shale Gas Processing Equipment Market Segmented?
– By Component: Compressors and Pumps, Electrical Machinery, Heat Exchangers, Internal Combustion Engines, Measuring and Controlling Devices, Other Components
– By Process: Distillation, Pyrolysis, Reheating, Cracking, Chemical Treatment
– By Application: Pipeline, Natural Gas Processing Plants, LNG or LPG Facilities, Crude by Rail, Other Midstream Applications
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What Major Players Are Driving The Shale Gas Processing Equipment Market?
Key businesses operating in the shale gas processing equipment market include Pall Corporation, GasTech Engineering Corporation, Cameron International Corporation, Honeywell UOP, Linde Engineering PLC, Newpoint Gas LP, Membrane Technology & Research Inc., Van Gas Systems, Schlumberger Limited, Sivalls Inc., ATB Riva Calzoni S.p.A., Koch Industries Inc., Burckhardt Compression AG, Halliburton Company, Exterran Corporation, Van Air Systems, FMC Technologies Inc., National Oilwell Varco Inc., Weatherford International plc, Baker Hughes Company, General Electric Company, TechnipFMC plc, ABB Ltd., Siemens AG, Emerson Electric Co., Rockwell Automation Inc., Schneider Electric SE, Yokogawa Electric Corporation, Mitsubishi Electric Corporation.
What Are The Emerging Trends In The Shale Gas Processing Equipment Market?
Product innovation is a key trend emerging in the shale gas processing equipment market. Major companies are focusing on developing inventive products to strengthen their position. For instance, in July 2023, ABB Ltd., a Sweden-based automation company, launched the ABB XIO series. This series is designed to enhance the management and control of oil and gas flow applications, improving data accessibility and integrity.
Which Regions Are Poised For Rapid Growth In The Shale Gas Processing Equipment Market?
North America was the largest region in the shale gas processing equipment market in 2024. Notably, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Shale Gas Processing Equipment Market Report 2025 Offer?
The Shale Gas Processing Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Shale gas processing equipment includes tools and machinery used to extract, separate, and refine natural gas from shale formations, removing impurities, separating valuable byproducts, and ensuring the gas meets market specifications for safe distribution and use.
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