London (PRWEB) November 18, 2013
Energy Demand May Fuel the Growth of the Shale Gas Pumps Market
This research service analyses future trends in the European shale gas pumps market. It determines the impact of political and public opposition towards hydraulic fracturing on the shale gas pumps market. It provides an analysis of the various projects in the shale gas industry, the key environmental legislations and a risk-versus-reward scenario for pump manufacturers. The study has also been divided into country and regional segments and the key drivers and restraints, key oil and gas companies and shale gas reserves for each of these regions have been provided. Market drivers and restraints and their impact over the short, medium and long term have been discussed.
•The European shale gas pumps market is presently at a nascent stage. It is expected to post a compound annual growth rate (CAGR) of Xper cent between 2012 and 2017 in the Normal Scenario.
•Exploratory drilling activities are being carried out across various regions in Europe, particularly in Eastern Europe, the United Kingdom and Germany. However, it is estimated that the commercial viability of shale gas would commence only during the long term of the forecast period.
•The growing need among European countries to be self-sufficient pertaining to their energy requirements and greater political acceptance of shale gas exploration are likely to drive the growth of the European pumps market in the shale gas industry.
•Environmental concerns, such as the risk of earthquakes and water pollution as a result of the fracking procedure, are likely to be the major hindrances for the growth of the European pumps market in the shale gas industry.
•Eastern Europe is the largest market for pumps in the shale gas industry in Europe. It is also forecast to witness the highest growth, due to expected investments by maj
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