According to a new report from BCC Research, the North American market for wastewater treatment equipment for hydraulically fractured gas and oil wells is expected to grow to $350 million by 2018, with a five-year compound annual growth rate (CAGR) of 10.1%. The hydrofracted oil well market, the fastest growing segment overall, is growing at a significant 11.2% CAGR.
(PRWEB) - BCC Research (http://www.bccresearch.com) reveals in its new report, FRACKING WATER TREATMENT: THE NORTH AMERICAN MARKET, the North American market for wastewater treatment equipment for hydraulically fractured gas and oil wells is expected to grow to $350 million by 2018, with a five-year compound annual growth rate (CAGR) of 10.1%. The hydrofracted oil well market, the fastest growing segment overall, is growing at a significant 11.2% CAGR.
The North American produced water treatment market is the world’s largest. Equipment sales for equipment used to treat wastewater from fracking operations as well as conventional wells reached $889 million in 2013. Sales into the fracking market alone make up approximately 24% of the total, or $216 million in 2013.
Hydraulically fractured gas wells, the largest segment of the hydrofracture market, is expected to grow to $248 million by 2018, registering a CAGR of 9.7%.
However, the hydraulically fractured oil well segment, valued at just $60 million in 2013, is growing more rapidly than the market as a whole and is expected to jump to $102 million in 2018.
“The desire to treat produced water to a level suitable for beneficial reuse (other than reinjection) plays an increasing role in market growth,” says BCC Research membrane and separation technologyanalyst Susan Hanft. “Currently, some reuse applications are limited by the cost to treat the highly saline waters to potable quality and the logistics of transporting the water to potential end users. Initial equipment sales into this sector are at wells located in water scarce areas where alternative disposal options are limited and/or have stringent regulatory standards.”
FRACKING WATER TREATMENT: THE NORTH AMERICAN MARKET provides an overview of the North Americanhydrofracturing water treatment market, including market size estimates and forecasts for developing markets for fracking water treatment technologies through 2018. It focuses on the developing North American market for hydraulic fracturing flowback and produced water treatment equipment for the oil and gas industry. The market is broken down by several different parameters, including country, equipment type, and wastewater source. The study covers the industry in the U.S., Canada, and Mexico in terms of the manufacture and deployment of treatment systems. In addition, government roles in support of global markets, including regulatory support, government requirements and promotional incentives for various technologies as relevant and available, are examined.
This report is intended for anyone interested in the current and future state of the water treatment market, including players already active in oil and gas production and/or produced water treatment, oilfield services companies, and startups. It will also be of interest to venture investors, entrepreneurs, and entrepreneurial companies interested in entering or expanding into the produced water treatment sector.
Editors and reporters who wish to speak with the analyst, should contact Steven Cumming at steven(dot)cumming(at)bccresearch(dot)com.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key competitors. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Our clients include the top companies in industries around the world as well as universities, business schools, start-ups, consulting firms and investment companies. BCC Research is a unit of Eli Research LLC. Visit our website athttp://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern time), or email information(at)bccresearch(dot)com.
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49-2 Walnut Park, Wellesley, MA 02481, Telephone: (+1) 781-489-7301; Email: editor(at)bccresearch(dot)com as the source and publisher.
View original release here: http://www.prweb.com/releases/2014/05/prweb11890583.htm