Fracking Water Treatment Equipment Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020
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.
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.
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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.
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