Global Fracking Water Treatment Market 2018-2022| Adoption of Supercritical Carbon to Promote Growth| Technavio
LONDON--(BUSINESS WIRE)--Jan 4, 2019--The global fracking water treatment market is expected to post a CAGR of over 5% during the period 2018-2022, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190104005160/en/
Technavio has published a new market research report on the global fracking water treatment market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the increasing consumption of oil and natural gas. The rise in demand for crude oil and natural gas is driving the demand for fracking water treatment. As per the US EIA in September 2018, the supply of petroleum products such as gasoline, crude oil, and distilled oil has increased, when compared to the previous year. For example, in 2017, the total consumption of petroleum was about 19.96 million barrels per day.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.
In this report, Technavio highlights the adoption of supercritical carbon in fracking as one of the key emerging trends in the global fracking water treatment market:
Global fracking water treatment market: Adoption of supercritical carbon in fracking
The fracturing process uses millions of gallons of water and produces hazardous wastewater after the process. The research on newer technologies such as supercritical carbon will impact the demand for hydraulic fracturing at a higher rate. The usage of water as a fuel will reduce owing to supercritical carbon. In this technology, supercritical carbon will be used for injecting pressure in the exploration process.
“Some of the advantages of supercritical carbon are that it reduces the huge water requirement, and it can be captured easily and be reused for the process. Therefore, it helps to provide efficiency in hydraulic fracturing of rock. Moreover, the dry process will reduce the cost of operation, as the cost of treating and storing water for operations can be avoided,” says a senior analyst at Technavio for research on water and waste management.
Global fracking water treatment market: Segmentation analysis
This market research report segments the global fracking water treatment market by application (treatment and recycle, and deep well injection) and geographical regions (APAC, EMEA, and the Americas).
The treatment and recycle segment held the largest market share in 2017, accounting for over 52% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of over 91%. This region is expected to dominate the market through 2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20190104005160/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 01/04/2019 09:40 AM/DISC: 01/04/2019 09:39 AM