Global Fracking Water Treatment Market
The GMI Research forecasts that the Fracking Water Treatment Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing awareness for preventing groundwater contagion and strict rules regarding the distillation of groundwater.
Introduction of the Fracking Water Treatment Market:
The substantial volume of ground water and surface water resources are used in the hydraulic fracking process to extricate hydrocarbons for fuel and other uses. The water withdrawn by this process contain very high levels of dissolved solids (salts), toxic metals, radionuclides, chemical additives, and hydrocarbons. Fracking water treatment refers to the treatment of wastewater that is produced from the hydraulic fracking operation.
Key Players of the Global Fracking Water Treatment 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 (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Swift expansion in the oil and gas industry coupled with the rigorous rules concerned with the treatment of wastewater engendered during mining and extrication of gas activities throughout the world are the prominent drivers stimulating the growth of the fracking water treatment market. Also, the surging demand for natural gas across residential and industrial sectors, augmenting consciousness to prevent groundwater contamination and enormous water consumption at the time of the hydraulic fracturing process, further promotes the endorsement of these technologies. Additionally, in accordance with the Energy Information Administration (EIA), in 2019, the worldwide demand for natural gas extended by 1.5% compared to 2018, and the production of natural gas in 2019 increased with a CAGR of 2.7%. This is expected to bring enormous growth opportunities for the market, thereby fuelling the market size. However, as per the fracking water treatment market analysis, the outrageous cost associated with the treatment procedure and the restricted application areas are the prime factors hindering the market growth.
Fracking Water Treatment Market Segmentation:
Segmentation by Application
- Treatment & Recycle
- Deep well Injection
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
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. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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