Fracking Water Treatment Market Size to Grow by $ 1.12 bn through 2021-2025
Technavio research projects the fracking water treatment market to grow by $ 1.12 bn, accelerating at a CAGR of almost 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Fracking Water Treatment Market: Key Market Driver
One of the primary factors that will trigger the growth of the fracking water treatment market size is Increasing consumption of oil and natural gas. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Fracking Water Treatment Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aquatech International LLC, DuPont de Nemours Inc., Evoqua Water Technologies LLC, Halliburton Co., Oasys Water Inc., Schlumberger Ltd., SUEZ SA, VEOLIA ENVIRONNEMENT SA, WesTech Engineering Inc., and Xylem Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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The fracking water treatment market has the potential to grow by USD 1.12 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.87%.
This fracking water treatment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (treatment and recycle and deep well injection) and geography (North America, Europe, APAC, South America, and MEA). The fracking water treatment market report also offers information on several market vendors, including Aquatech International LLC, DuPont de Nemours Inc., Evoqua Water Technologies LLC, Halliburton Co., Oasys Water Inc., Schlumberger Ltd., SUEZ SA, VEOLIA ENVIRONNEMENT SA, WesTech Engineering Inc., and Xylem Inc. among others. View Free Sample Report
Key Trends to impact market growth
The shifting focus toward natural gas vehicles (NGVs) is one of the emerging fracking water treatment market trends that will influence market growth. Natural gas vehicles are alternative fuel-based vehicles, which use natural gas or liquified natural gas for their operation. The fuel used in these vehicles is cost-effective and clean, which increases the demand for these vehicles. The high demand for natural gas increases the demand for oil and gas E&P activities, in turn, driving the growth of the fracking water treatment market size.
Top Driver to Boost Demand
The rise in demand for crude oil and natural gas is driving the demand for fracking water treatment. The high demand for oil and gas is likely to enhance the E&P activities of crude oil, which, in turn, will augment offshore and onshore oil and gas projects. These factors are expected to increase the demand for hydraulic fracturing as well as water treatment equipment, which in turn will drive market growth.
Vendor Analysis: Aquatech International LLC, DuPont de Nemours Inc. and Evoqua Water Technologies LLC are key growth contributors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aquatech International LLC, DuPont de Nemours Inc., Evoqua Water Technologies LLC, Halliburton Co., Oasys Water Inc., Schlumberger Ltd., SUEZ SA, VEOLIA ENVIRONNEMENT SA, WesTech Engineering Inc., and Xylem Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Fracking Water Treatment Market: Key Highlights of the Report for 2021-2025
