Global Fracking Water Treatment Market
The GMI Research contemplates that the Fracking Water Treatment Market will experience an augmentation in demand over the forecast period. This is mainly due to their massive usage in the oil and gas industry to reprocess the water for economic and environmental effectiveness, growing awareness for preventing groundwater contagion, and rigorous rules regarding the distillation of groundwater.
Introduction of the Fracking Water Treatment Market:
Fracking water treatment means the treatment of wastewater produced from the operation of hydraulic fracking. The extensive volume of ground and surface water resources are employed in the hydraulic fracking process to release hydrocarbons for fuel and other uses. The water extracted by this process has a high level of dissolved solids (salts), harmful metals, chemical additives, and hydrocarbons.
Leading Players of the Market:
- Industrie De Nora S.p.A.
- Agua Dulce Technologies, LLC
- Ecologix Environmental Systems, LLC
- Veolia Water Technologies
- Schlumberger Limited
- Aquatech International LLC
- Oasys Water
- DuPont de Nemours, Inc.
- Schlumberger Limited, Halliburton Co.
- Filtra Systems
Fracking Water Treatment Market Dynamics
Growth in the fracking water treatment market includes the augmenting demand for natural gas across various industrial and residential areas accompanied by stringent norms concerning the exploration of wastewater generated during the mining and gas extrication activities. In addition, the increasing apprehension to obviate the contamination of groundwater and the enlargement of the oil and gas sector will further strengthen the fracking water treatment market size. Additionally, the Energy Information Administration (EIA) report published in 2019 stated that the global demand for natural gas expanded by 1.5% compared to 2018, with an augmentation of 2.7% in production. This is contemplated to pave the way for market growth, thereby supplementing the market share. However, as per the fracking water treatment market analysis, the inflated cost concerned with the treatment procedure and the confined areas of application are curbing the market growth.
Fracking Water Treatment Market Segmentation:
Segmentation by Application
- Treatment & Recycle
- Deep well Injection
Segmentation by Region:
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- Saudi Arabia
- South Africa
- Rest of the world (remaining countries of the LAMEA region)
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GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects.