LONDON--(BUSINESS WIRE)--Feb 20, 2020--
The fracking water treatment market is poised to grow by USD 1.67 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled Global Fracking Water Treatment Market 2020-2024 (Graphic: Business Wire)
Read the 120-page report with TOC on "Fracking Water Treatment Market Analysis Report by Application (Treatment and recycle and Deep well injection), Geographic segmentation (North America, APAC, Europe, South America and MEA), and the Segment Forecasts, 2020-2024".
The market is driven by the increasing consumption of oil and natural gas. In addition, the adoption of supercritical carbon in fracking is anticipated to boost the growth of the fracking water treatment market.
The consumption of oil and natural gas is increasing due to the growing popularity of fuel-based vehicles such as natural gas vehicles (NGVs). The demand for these vehicles is increasing as they run on fuel that is clean and cost-effective. Shale oil and natural gas are extracted from tight geologic formations using hydraulic fracturing (fracking) technology. The fracturing process requires a large quantity of water mixed with chemicals. This is propelling the need for fracking and water treatment for fracking operations. Thus, the increasing consumption of oil and natural gas is expected to drive market growth during the forecast period.
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Major Five Fracking Water Treatment Market Companies:
Aquatech International LLC
Aquatech International LLC operates the business under various segments such as LoWatt Membrane Desalination Process, AVMD, ARRO, BioMOD Packaged Membrane Bio Reactor, and Others. The company offers MoVap, a mobile evaporator system, specifically designed for the growing frac and wastewater treatment needs of shale gas reserves.
DuPont de Nemours Inc.
DuPont de Nemours Inc. offers products through the following business units: Electronics and Imaging, Nutrition and Biosciences, Safety and Construction, and Transportation and Industrial. The company offers optimized microbial control treatment for water in fracking operations.
Evoqua Water Technologies Corp.
Evoqua Water Technologies Corp. operates under various business segments, namely Integrated Solution Services and Applied Product Technologies. The company offers fracking flowback water treatment using filter presses.
Halliburton Co. offers products through the following business segments: Completion and Production and Drilling and Evaluation. The company offers CleanWave service and CleanWave system.
Oasys Water Inc.
Oasys Water Inc. offers products through the following business segments: ClearFlo Membrane Brine Concentrator and ClearFlo Complete system. The company provides water treatment solutions for produced and flowback water during oil and gas fracking operations.
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Fracking Water Treatment Market Application Outlook (Revenue, USD Billion, 2020-2024)
Fracking Water Treatment Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
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PUB: 02/20/2020 07:00 PM/DISC: 02/20/2020 07:01 PM