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Oil Shale Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033

LONDON, GREATER LONDON, UNITED KINGDOM, October 4, 2024 /EINPresswire.com/ -- The oil shale market has experienced robust growth in recent years, expanding from $2.91 billion in 2023 to $3.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to energy security concerns, fluctuating oil prices, geopolitical factors, environmental regulations, resource availability and reserves.

What Is The Estimated Market Size Of The Global Oil Shale Market And Its Annual Growth Rate?
The oil shale market is projected to continue its strong growth, reaching $5.31 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to energy transition and demand, global energy policies, economic factors and oil prices, environmental considerations and regulations, infrastructure development.

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Growth Driver Of The Oil Shale Market
Growing demand for energy is expected to propel the growth of the oil shale market going forward. Electrical energy is the energy derived from the electric potential energy or kinetic energy of charged particles, such as electrons. Oil shale is an unconventional energy source that has the potential to play a role in energy production. Oil shale production could reduce reliance on imported oil, enhancing energy independence and security.

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Which Market Players Are Steering The Oil Shale Market Growth?
Key players in the market include AuraSource Inc., BP plc, Chevron Corporation, ExxonMobil Corporation, Independent Energy Partners Inc., Queensland Energy Resources Limited, Shell plc, American Shale Oil LLC, Japan Petroleum Exploration Co Ltd., Occidental Petroleum Corporation, Chesapeake Energy Corporation, Marathon Oil Corporation, American Resources Corporation, EQT Corporation, Japan Oil Gas and Metals National Corporation, Blue Ensign Technologies Limited, Cabot Oil & Gas Corporation, Gazprom Neft PJSC, National Oilwell Varco Inc., Anadarko Petroleum Corporation, Apache Corporation, ConocoPhillips Company, Continental Resources Inc., Devon Energy Corporation, Electro-Petroleum Inc., EOG Resources Inc., GE Company, Halliburton Company, Hess Corporation, Murphy Oil Corporation, Noble Energy Inc., Petróleo Brasileiro SA, Pioneer Natural Resources Company, Schlumberger Limited, Statoil ASA, TechnipFMC plc, Total S.A., Weatherford International plc, Whiting Petroleum Corporation.

What Are The Key Trends That Influence Oil Shale Market Size?
Major companies operating in the oil shale market are focused on integrating their efforts into launching carbon capture projects to gain a competitive edge in the market. The carbon capture project refers to a collection of technologies that can combat climate change by reducing carbon dioxide (CO2) emissions.

How Is The Global Oil Shale Market Segmented?
1) By Product: Shale Gasoline, Shale Diesel, Kerosene, Other Products
2) By Technology: In-Situ Technology, Ex-Situ Technology
3) By Application: Fuel, Electricity, Cement and Chemicals, Other Applications

Geographical Insights: North America Leading The Oil Shale Market
North America was the largest region in the market in 2023. Europe was the second-largest region in the market. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Oil Shale Market Definition
Oil shale refers to a kind of fine-grained sedimentary rock that is abundant in kerogen and rich in organic material. It refers to hydrocarbons that are locked up in shale rock and must be extracted by fracking.

Oil Shale Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An overview of the global oil shale market report covering trends, opportunities, strategies, and more
The Oil Shale Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on oil shale market size, oil shale market drivers and trends and oil shale market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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The Business Research Company
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