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Fracking Water Treatment Market is calculated to reach USD 1,535 million in 2029, registering 4.1% CAGR during 2022-2029 | Share, Trends & Growth
Fracking Water Treatment Market
Fracking Water Treatment Market was valued at USD 1,113 million in 2021 and is expected to reach a USD 1,535 million in 2029, increasing at a CAGR of 4.1% over the forecast period (2022-2029)
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/fracking-water-treatment-market-analysis-industry-research/
The factors driving growth of the Fracking Water Treatment Market includes growing demand for natural gas around the world, strict regulations imposed by Governments regarding treatment of wastewater, redevelopment of oil fields and increasing focus on exploring highly ineradicable shale reservoirs. As per the World Energy & Climate Statistics- Yearbook 2022, the natural gas production across Russia has increased from 738 billion cubic meters in 2018 to 791 billion cubic meters in 2021, which will accelerate the Fracking Water Treatment Market size in Russia in the approaching years. Moreover, rise in the number of drilling activities across the globe, growing adoption of advanced technologies by manufacturers, increasing awareness about groundwater contamination, improvements in the living standards and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic partnerships, and collaborations between key industry players, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.
However, growth of the Fracking Water Treatment Market is hindered due to high cost of fracking treatment.
The major players operating in the market are Ecologix Environmental Systems, LLC, Filtra Systems, Oasys Water, Schlumberger Limited, Halliburton Co., Veolia Water Technologies, DuPont de Nemours, Inc., Agua Dulce Technologies, LLC, Aquatech International LLC, and Industrie De Nora S.p.A. among others.
Based on Application, the Treatment & Recycle segment is predicted to grow at a significant CAGR during the forecast period
Growing awareness about wastewater treatments solutions and increasing application of fracking water treatment in road spreading for dust control and de-icing, fire protection and irrigation, are some of the features pushing growth of the segment.
Based on Region, the North American Region is projected to expand at a remarkable CAGR over the forecast period
Increase in the number of shale gas projects across United States, growing consumption of natural gas, redevelopment of oil fields, rising adoption of advanced technologies by manufacturers, rapid industrialization, and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.
Key Development
In 2019, Industrie De Nora S.p.A., completed the acquisition of Neptune Enterprises, LLC, forming De Nora Neptune, LLC. The Texas-based water service company, De Nora Neptune is specialized in on-the-fly fracking water treatment and cost-effective water recycling production in the oil and gas industry.
t Segmentation
Segmentation by Application
Treatment & Recycle
Deep well Injection
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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