Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on "Fracking
Water Treatment Equipment Market".
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure.
The
global demand for oil and gas increases with the increase in world
population especially with the enhanced demand for electricity,
automobiles, improved housing and other energy consumption methods in
the developing nations. According to the International Energy
Association (IEA), the natural gas will have a golden future
especially for coalbed methane (CBM) and shale gas and will also
require golden standards for production. Further, the wastewater from
fracking operations will require treatment for beneficial use which
further accelerates the global fracking water treatment equipment
market. Moreover, the increased importance of water and drought
conditions are generating need to develop equipments to recycle
wastewater and expediting the growth of global fracking water
treatment equipment market.
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Furthermore,
Ernest Moniz, the US Energy Secretary said, “there are increasing
tensions between energy and water at oil & gas conference and
acts as a reminder of growing importance of water in energy.”
Further, there have been gallons of water consumption in the oil &
gas drilling process reducing the water level and resulting to
drought conditions. Due to these reasons, there has been a rapid
demand for wastewater treatment and fracking water treatment
equipment market.
The
global market for fracking water treatment equipment is mainly driven
by the scarcity in the fresh water supplies and high demand for
water. The conflicts associated with the water have further fuelled
the market and have led to the development of water recycling
equipments. These demands from across the world are embellishing the
fracking market and providing ground for innovative water recycling
technologies. The average natural gas reserves require approximately
five gallons of water for drilling and fracking, depending upon the
site. Further, the International Energy Agency (IEA quoted that by
2035, the water used for natural gas production will increase by 86%.
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This
trend will amplify the need for R&D activities to develop
equipments for wastewater treatment and will drive the overall
fracking water treatment equipment market. Moreover, the oil and gas
drillers are pushed by the prospects of regulations and competition
over water resulted in on-site water treatment and increasing demand
for hydraulic water treatment equipments. Further, some of the reuse
applications are costlier which limits the application in the saline
water treatment and transporting it to the end-users. On the other
side, the equipment sale in the water-scarce areas where the options
of alternative sources are limited and have stringent regulatory
aspects, have opportunity for the global fracking water treatment
equipment market.
Another
opportunity of the global fracking water treatment equipment market
is the centralized approach to treat the wastewater which provides
treatment for the full life cycle of wells. This helps in saving
gallons of water and is gaining momentum in the North American market
servicing shale oil and gas industry.
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