NEW
YORK, July 1, 2024 /PRNewswire/ -- The global
fracking water treatment market size is estimated to grow by
USD 1.34 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 4.44% during the forecast period. Increasing consumption
of natural gas is driving market growth, with a trend towards
adoption of supercritical carbon in fracking. However, uncertainty
in crude oil prices poses a challenge. Key market players include
Alfa Laval AB, Anguil Environmental Systems Inc., Aquatech
International LLC, Baker Hughes Co., Calfrac Well Services Ltd.,
ChampionX Corp., DuPont de Nemours Inc., Ecologix Environmental
Systems LLC, Evoqua Water Technologies LLC, Filtra Systems Co,
Fluence Corp. Ltd., Halliburton Co., Industrie De Nora Spa, LiqTech
International Inc., OriginClear Inc., RPC Inc., Schlumberger Ltd.,
Veolia Environnement SA, WesTech Engineering LLC, and Xylem
Inc..
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Fracking Water
Treatment Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.44%
|
Market growth
2024-2028
|
USD 1341
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.18
|
Regional
analysis
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
84%
|
Key
countries
|
US, Canada, China,
France, and Japan
|
Key companies
profiled
|
Alfa Laval AB, Anguil
Environmental Systems Inc., Aquatech International LLC, Baker
Hughes Co., Calfrac Well Services Ltd., ChampionX Corp., DuPont de
Nemours Inc., Ecologix Environmental Systems LLC, Evoqua Water
Technologies LLC, Filtra Systems Co, Fluence Corp. Ltd.,
Halliburton Co., Industrie De Nora Spa, LiqTech International Inc.,
OriginClear Inc., RPC Inc., Schlumberger Ltd., Veolia Environnement
SA, WesTech Engineering LLC, and Xylem Inc.
|
Market Driver
The global fracking water treatment market is set to experience
significant growth due to the adoption of supercritical carbon
technology. This innovation will reduce water usage and costs by
utilizing supercritically compressed carbon for pressure injection.
Supercritical carbon's advantages include water conservation, easy
capture and reuse, and increased efficiency in hydraulic
fracturing. By eliminating water treatment and storage expenses,
the market will experience a negative impact from this technology's
deployment.
The fracking water treatment market is experiencing significant
growth due to the increasing demand for hydraulic fracturing in the
energy sector. Key components of this market include fracking
fluids, proppants, and water treatment chemicals. Groundwater is
commonly used as the source of water for fracking operations.
However, the use of this water can lead to contamination and the
need for effective water treatment solutions. Technologies such as
reverse osmosis, ion exchange, and filtration are commonly used for
treating fracking water. Companies are investing in research and
development to create more efficient and cost-effective treatment
methods. The market is expected to continue growing as the demand
for natural gas and oil increases.
Research report provides comprehensive data on
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Market Challenges
- The volatility of crude oil prices since 2008 has significantly
impacted the fracking water treatment market. With prices
dropping from USD147 per barrel in
2008 to USD20 in 2020, and then
recovering to USD119 in 2022,
upstream oil and gas companies have been cautious about investing
in large-scale projects. This uncertainty has led to a withdrawal
of investments, affecting the profitability of many companies and,
in turn, the demand for fracking water treatment equipment. The
continued price fluctuations are expected to persist, making
long-term investment decisions challenging for the industry.
- The fracking water treatment market faces several
challenges. The use of large volumes of water in hydraulic
fracturing processes leads to water contamination. Disposing of
this wastewater is a significant issue. The high concentration of
minerals and chemicals in the wastewater makes it difficult to
treat and dispose of properly. Additionally, the high cost of
treatment technologies and the lack of standardized regulations add
to the challenges. Consumers are also concerned about the potential
environmental impact of fracking on groundwater resources. The need
for sustainable and cost-effective water treatment solutions is
crucial for the growth of the fracking industry. Companies are
focusing on developing innovative technologies to address these
challenges and ensure the safe disposal of fracking
wastewater.
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challenges - Request a sample report!
Segment Overview
This fracking water treatment market report extensively covers
market segmentation by
- Application
- 1.1 Treatment and recycle
- 1.2 Deep well injection
- End-user
- 2.1 Commercial
- 2.2 Industrial
- 2.3 Residential
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Treatment and recycle- The fracking water treatment
market is projected to expand significantly due to the rising
demand for water worldwide. Industries consume over half of the
water in industrialized countries, and the hydraulic fracturing
process consumes vast quantities. This process degrades water
quality and reduces available resources. Chemicals added during
fracking can be hazardous if not treated, causing health issues and
environmental harm. Regulations, such as the US EPA's Oil and Gas
Extraction Effluent Guidelines, mandate effective water treatment
before disposal, driving market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Fracking Water Treatment Market encompasses the technologies
and services employed to manage the water used and generated during
Hydraulic Fracturing (hf) processes. This includes the treatment of
groundwater and surface water for use in hf operations, as well as
the recycling and disposal of wastewater. The market is driven by
the increasing demand for natural gas and crude oil, leading to an
expansion of drilling projects. However, concerns over Groundwater
Contamination (gc) and the presence of Chemical Constituents (cc),
Pathogens, Hazardous Metals (hm), Radionuclides, and Chemical
Additives in hf wastewater have necessitated the development of
more Environmentally Efficient (ee) solutions. These include
advanced Water Treatment (wt) techniques and Wastewater Reuse (wwr)
systems. Additionally, the discovery of Hydrocarbons and the
potential for Biofuels have further expanded the market scope.
Learn and explore more about Technavio's in-depth
research reports
The Produced Water Treatment Market and the Rainwater Harvesting
Systems Market are experiencing significant growth, driven by
increasing environmental concerns and the need for sustainable
water management solutions. As industries seek efficient methods to
treat and reuse produced water, innovative technologies and
stricter regulations are shaping the market dynamics.
Simultaneously, the demand for rainwater harvesting systems is
rising, fueled by water scarcity issues and government incentives.
Both markets present lucrative opportunities for stakeholders,
highlighting the importance of advanced water treatment and
conservation strategies in addressing global water challenges.
Market Research Overview
The Fracking Water Treatment market encompasses the technologies
and services employed to manage the large volumes of water used in
hydraulic fracturing operations. This process involves the
extraction of natural gas or oil from shale formations, requiring
large quantities of water. The water used in fracking contains
various contaminants, necessitating treatment to meet discharge
regulations and ensure efficient reuse. Treatment methods include
chemical addition, filtration, and thermal processes. The market is
driven by the increasing demand for natural gas and oil, as well as
regulatory requirements for water management. Solutions in this
market cater to the unique challenges of fracking water treatment,
such as high volumes, variable water quality, and remote
locations.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Treatment And Recycle
- Deep Well Injection
- End-user
-
- Commercial
- Industrial
- Residential
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio