Fracking Water Treatment Market

Fracking Water Treatment Market generated a revenue of USD 1,113 million in 2021 and is expected to attain a value of USD 1,535 million in 2029, increasing at a CAGR of 4.1% over the forecast period (2022-2029), owing to the growing application of the treatment in the oil and gas industry for water recycling to ensure environmental efficiency.

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Key Drivers

Rapid growth in the oil and gas industry and stringent regulations regarding the treatment of wastewater generated during mining and extraction of gas activities globally are expected to propel the growth of the fracking water treatment market size. In addition, rising demand of natural gas among residential and industrial sectors, huge consumption of water during hydraulic fracturing process, and increasing awareness for preventing groundwater contamination are further contribute to the adoption of fracking water treatment technologies in the coming years. Moreover, according to the Energy Information Administration (EIA), in 2019, the global demand for natural gas increased by 1.5% compared to 2018, and the production of natural gas in 2019 has been increased with a CAGR of 2.7%. This is further expected to provide huge growth opportunities to the market growth over the forecast period. In addition, the increase in the number of drilling activities and the launch of foam-based and waterless fracking technologies have strengthened the market growth.

The growing adoption of fracking water treatment for the redevelopment of oil fields and the exploration of highly ineradicable shale reservoirs and optimization of oil production will augment the market size. With the increasing importance of water, the demand for equipment or technique to recycle waste water has increased. Thus, the growing consumer awareness and rigorous pertaining wastewater treatment and its usage for secondary purposes is projected to augment the market growth. Increasing research and development activities by leading companies and research institutes in the water treatment field and the rising E&P globally will offer enormous opportunities to the market.

Restraint in the Fracking Water Treatment Market

However, high cost of the treatment process of fracking water is one of the major factors expected to hamper the market growth.  Additionally, limited application areas of the fracking water treatment may further hamper the market growth. Fracking water treatment systems need huge capital investment, which might act as a barrier to new market participants, obstructing the market growth.

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Application – Segment Analysis

Based on the application, treatment & recycle application segment is expected to account for a prominent share in the market. This can be attributed to the global water shortage and increasing consumer awareness regarding wastewater treatment. Moreover, utilization of treated fracking water for secondary purposes  that include land application, road spreading for dust control and de-icing, livestock watering, irrigation, stream flow augmentation, fire protection, and other industrial uses is further supporting the market growth.

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Regional – Segment Analysis:

Based on region, North America is expected to account for a large share in the fracking water treatment market primarily due to the rising oil drilling and extraction of shale gas projects and increasing government regulations for waste water treatment in the region. According to Energy Information Administration (EIA), natural gas was the source of about 31% of the U.S. electric power sector’s primary energy consumption in 2019. Additionally, natural gas was the source of about 20% of commercial sector, 24% of residential sector, and 33% of industrial sector total energy consumption in the U.S. in 2019. This is expected to support the market growth.

Moreover, stringent norms, such as the restriction imposed by REACH and GPA to minimize wastage of water owing to the scarcity of fresh water in the region has driven the growth of European region.

Top Market Players

Several Leading players operating in the market, include, Schlumberger Limited, Halliburton Co., Veolia Water Technologies, DuPont de Nemours, Inc., Ecologix Environmental Systems, LLC, Filtra Systems, Oasys Water, Agua Dulce Technologies, LLC, Aquatech International LLC, and Industrie De Nora S.p.A. among others. 

Key Developments: 

• • In 2019, Industrie De Nora S.p.A., one of the leading companies in electrochemical and water treatment technologies, acquired Neptune Enterprises, LLC, forming De Nora Neptune, LLC. The Texas-based water service company, De Nora Neptune is specialized in on-the-fly fracking water treatment and cost-effective water recycling production in the oil and gas industry.

Segments covered in the Report:

The global Fracking Water Treatment Market has been segmented on the basis of application, and key regions. Based on application, the market is segmented into treatment & recycle, and deep well injection. 

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Key questions answered in this research report:

• • At what pace is global Fracking Water Treatment Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Fracking Water Treatment Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Fracking Water Treatment Market?
  • Which application generated maximum revenues in 2019 and identify the most promising application during the forecast period?
  • What are the various applications of global Fracking Water Treatment Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 1,113 Million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Schlumberger Limited, Halliburton Co., Veolia Water Technologies, DuPont de Nemours, Inc., Ecologix Environmental Systems, LLC, Filtra Systems, Oasys Water, Agua Dulce Technologies, LLC, Aquatech International LLC, and Industrie De Nora S.p.A. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Fracking Water Treatment Market by Application

• • Treatment & Recycle
  • Deep well Injection

Global Fracking Water Treatment Market by Region

• • North America Fracking Water Treatment Market (Option 1: As a part of the free 25% customization)
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Fracking Water Treatment Market (Option 2: As a part of the free 25% customization)
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Fracking Water Treatment Market (Option 3: As a part of the free 25% customization)
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Fracking Water Treatment Market (Option 4: As a part of the free 25% customization)
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Fracking Water Treatment Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Schlumberger Limited
  • Halliburton Co.
  • Veolia Water Technologies
  • DuPont de Nemours, Inc.
  • Ecologix Environmental Systems, LLC
  • Filtra Systems
  • Oasys Water
  • Agua Dulce Technologies, LLC
  • Aquatech International LLC
  • Industrie De Nora S.p.A.