Research Nester published a report titled “Fracking Water Treatment Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalfracking water treatment market in terms of market segmentation by application, source, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global fracking water treatment market is estimated to occupy a large revenue by growing at a CAGR of ~3% during the forecast period, i.e., 2022 – 2030, attributing to the rising demand for natural gas and crude oil, growing use of hydraulic fracking in the oil and gas industry, and strict regulations regarding wastewater treatment. Apart from these, increasing need for advanced technologies for water recycling is also expected to provide growth opportunities to the market in the coming years.
The market is segmented by form and application. Based on application, the treatment & recycle segment is anticipated to grab the largest market share during the forecast period on the back of the growing water requirement around the world, and increasing applications of reused wastewater. Additionally, increasing number of activities in the oil and gas sector is also projected to boost the growth of the market segment by the end of the forecast period.
Geographically, the global fracking water treatment market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to witness the highest growth in the market during the forecast period attributing to the rising scarcity of fresh water, and government-imposed restrictions to reduce excessive water wastage.
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The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Growing Demand for Crude Oil and Natural Gas Worldwide to Drive Market Growth
Economic growth is considered to be one of the major factors affecting the demand for petroleum products. Growing economies raise the demand for energy in general, for the purpose of transporting large volumes of materials from producers to consumers. This in turn is projected to boost the growth of the market in the upcoming years.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, stringent international regulations regarding wastewater treatment are expected to operate as key restraint to the growth of the global fracking water treatment market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global fracking water treatment market which includes company profiling of Ecologix Environmental Systems, LLC, Schlumberger Limited, Oasys Water Inc., Halliburton Co., Total Separation Solutions, DuPont de Nemours, Inc., Veolia Environment SA, Gasfrac Energy Services, SUEZ SA, Xylem Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fracking water treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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