Thus, wastewater treatment processes, which were until now mostly used in the food and beverage and industrial sectors, are now being used to treat the flow back water or the water produced from hydraulic fracturing operations.
As per a recent report published by Transparency Market Research (TMR), the global fracking water treatment equipment market is expected to expand swiftly in the years to come. TMR analysts answer a few questions related to the global fracking water treatment equipment market:
What would accelerate the growth of the global fracking water treatment equipment market?
The demand for oil and gas is directly related to the worldwide population and energy consumption. As per the International Energy Association (IEA), natural gas is expected to have an outstanding future, especially for shale gas and coalbed methane (CBM). This is expected to accelerate the growth of the global fracking water treatment equipment market in the near future.
Ernest Moniz, the United States energy secretary, recently stated that the tensions between water and energy at oil and gas conferences are increasing resulting into rising importance of water in energy. Also, gallons of water are being used for oil and gas drilling procedures, which could reduce water levels and result in drought conditions. All this has driven the demand for fracking water treatment equipment and wastewater treatment devices.
Are there any changing trends in the global fracking water treatment equipment market?
Yes, there are many changing trends expected to drive the global fracking water treatment equipment market in the near future. As per the International Energy Agency, by 2035, there will be an 86% rise in the amount of water used for natural gas production. This is expected to strengthen the research and development activities for the development of new fracking water treatment equipment. The oil and gas drillers are likely to create more demand for hydraulic fracturing water treatment devices.
The increasing global demand for water and the scarcity of fresh water supplies are two of the major factors expected to drive the global market for fracking water treatment equipment. Water conflicts have led to the development of equipment used for water recycling. The global demand is expected to benefit the fracking market and thereby boost inventive water recycling technologies.
Going forward, leading players would take efforts to sell fracking water treatment devices in water-scarce regions where there are fewer alternative sources and stringent government regulations. All these trends would create growth opportunities in the global fracking water treatment equipment market.
Is centralized wastewater treatment a trend for the future?
The existing fracking water treatment equipment market is set for a swift expansion in the years to come. This will boost the demand for fresh water supplies. The number of hydraulic fracking gas and shale oil wells worldwide continues to increase. Equally important is the volume of wastewater produced from fracking wells that needs to be recycled or disposed of.
Centralized wastewater treatment has emerged as a feasible solution to ensure efficacy in wastewater treatment and water sourcing in hydraulic fracturing. Centralized facilities can easily use alternative water sources to treat wastewater. With many advantages, the centralized wastewater treatment technology is gaining momentum. This is expected to create new growth opportunities in the global fracking water treatment equipment market in the near future.