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Fracking Water Treatment Equipment Industry Trends and key Insights by 2020

01-25-2017 10:48 PM CET | Energy & Environment

Press release from: Transparency Market Research

Fracking Water Treatment Equipment Industry Trends and key

The global demand for oil and gas increases with the increase in world population especially with the enhanced demand for electricity, automobiles, improved housing and other energy consumption methods in the developing nations. According to the International Energy Association (IEA), the natural gas will have a golden future especially for coalbed methane (CBM) and shale gas and will also require golden standards for production. Further, the wastewater from fracking operations will require treatment for beneficial use which further accelerates the global fracking water treatment equipment market. Moreover, the increased importance of water and drought conditions are generating need to develop equipments to recycle wastewater and expediting the growth of global fracking water treatment equipment market.

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Furthermore, Ernest Moniz, the US Energy Secretary said, “there are increasing tensions between energy and water at oil & gas conference and acts as a reminder of growing importance of water in energy.” Further, there have been gallons of water consumption in the oil & gas drilling process reducing the water level and resulting to drought conditions. Due to these reasons, there has been a rapid demand for wastewater treatment and fracking water treatment equipment market.

The global market for fracking water treatment equipment is mainly driven by the scarcity in the fresh water supplies and high demand for water. The conflicts associated with the water have further fuelled the market and have led to the development of water recycling equipments. These demands from across the world are embellishing the fracking market and providing ground for innovative water recycling technologies. The average natural gas reserves require approximately five gallons of water for drilling and fracking, depending upon the site. Further, the International Energy Agency (IEA quoted that by 2035, the water used for natural gas production will increase by 86%.

This trend will amplify the need for R&D activities to develop equipments for wastewater treatment and will drive the overall fracking water treatment equipment market. Moreover, the oil and gas drillers are pushed by the prospects of regulations and competition over water resulted in on-site water treatment and increasing demand for hydraulic water treatment equipments. Further, some of the reuse applications are costlier which limits the application in the saline water treatment and transporting it to the end-users. On the other side, the equipment sale in the water-scarce areas where the options of alternative sources are limited and have stringent regulatory aspects, have opportunity for the global fracking water treatment equipment market.

Another opportunity of the global fracking water treatment equipment market is the centralized approach to treat the wastewater which provides treatment for the full life cycle of wells. This helps in saving gallons of water and is gaining momentum in the North American market servicing shale oil and gas industry.

The global market for fracking water treatment equipment can be segmented on the basis of geography as:
North America
Europe
Asia-Pacific
Rest of the World
In countries such as the US with the largest reserves for natural gas; shale gas is required to retreat the wastewater accounting for the largest market share for the global fracking water treatment equipment market.

Some of the key players in the global fracking water treatment equipment market are: Schlumberger Ltd., Total Separation Solutions, Halliburton Co., Altela, Inc., Oasys Water, Inc., and GASFRAC Energy Services Inc.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Albany, NY 12207
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Website: http://www.transparencymarketresearch.com/

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