The global fracking water treatment market is expected to observe growth over the forecast period. Growing need to treat water used during hydraulic fracturing and horizontal drilling to prevent groundwater contamination is expected remain a key factor driving the global market over the next seven years. Natural gas market is expected to witness rapid growth in near future which in turn is likely to enhance fracking water treatment market growth over the forecast period. Shale gas boom in the U.S. is one of the major factors expected to drive the global market over the foreseeable future. Growing importance of water has led to increase in demand for equipment or technique to recycle waste water. Increasing consumer awareness regarding waste water treatment and its utilization for secondary purposes is anticipated to have a positive impact on the global market growth over the next seven years. Huge consumption of water during hydraulic fracturing resulted in water level depletion which led to regulatory authorities to promote recycling processes in order to reduce excessive water wastage. This factor is further expected to positively impact fracking water treatment market over the foreseeable period. According to EIA, water required for natural gas extraction may increase over the future owing to increasing extraction processes. Treated water is touted as potential source for fracking application which is likely to boost the demand for fracking water treatment in near future. Depleting oil reserves has led to shift in focus toward natural gas extraction. Increasing drilling activities across the globe is anticipated to augment the market growth over the forecast period. Increasing intervention by regulatory bodies to reduce waste water volume has led to inclination by major companies towards water treatment. This trend is expected to further augment global fracking water treatment market growth.
North America has been the emerging market over the recent past and is expected to witness rapid growth over the next seven years owing to increasing drilling activities to extract unconventional gas in the region. Shale gas boom in U.S. is a major factor expected to drive fracking water treatment market in North America. Stringent government regulations regarding water wastage and groundwater contamination is further anticipated to drive the market growth in North America. Asia Pacific market is expected to witness considerable growth over the next seven years on account of emerging shale gas market in China. Increased restriction from REACH and GPA to reduce excessive wastage of water coupled with scarcity of fresh water in the region is expected to drive fracking water treatment market in Europe.
Intensive R&D activities by companies and research institutes in water treatment field coupled with increasing E&P globally is expected to open new opportunities for new market participants as well as existing players. Fracking water treatment systems are highly capital intensive with long period of returns. This is expected to act as a barrier to new market participants. Key companies operating in the global market include Total Separation Solutions, Schlumberger Ltd., Halliburton Co., Oasys Water Inc., Altela Inc. and Gasfrac Energy Services.
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."
The supply of water treatment chemicals shall witness shortages due to the prevalence of COVID-19 at a pandemic level. The industrial sector as a whole shall register an increase in demand for dewatering equipment, water treatment systems and membranes due to stipulated public health guidelines and greater need for sanitary environment. The report will account for Covid19 as a key market contributor.