Micro Hydro Electric Market Trends and Prospects by 2024

The global demand for oil and gas increases with the increase in world population especially with the enhanced demand for electricity, automobiles, improved housing and other energy consumption methods in the developing nations. According to the International Energy Association (IEA), the natural gas will have a golden future especially for coalbed methane (CBM) and shale gas and will also require golden standards for production.

 

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Further, the wastewater from fracking operations will require treatment for beneficial use which further accelerates the global fracking water treatment equipment market. Moreover, the increased importance of water and drought conditions are generating need to develop equipments to recycle wastewater and expediting the growth of global fracking water treatment equipment market. 

 

Furthermore, Ernest Moniz, the US Energy Secretary said, “there are increasing tensions between energy and water at oil & gas conference and acts as a reminder of growing importance of water in energy.” Further, there have been gallons of water consumption in the oil & gas drilling process reducing the water level and resulting to drought conditions. Due to these reasons, there has been a rapid demand for wastewater treatment and fracking water treatment equipment market. 

 

The global market for fracking water treatment equipment is mainly driven by the scarcity in the fresh water supplies and high demand for water. The conflicts associated with the water have further fuelled the market and have led to the development of water recycling equipments. These demands from across the world are embellishing the fracking market and providing ground for innovative water recycling technologies.

 

The average natural gas reserves require approximately five gallons of water for drilling and fracking, depending upon the site. Further, the International Energy Agency (IEA quoted that by 2035, the water used for natural gas production will increase by 86%. 

 

 

 

This trend will amplify the need for R&D activities to develop equipments for wastewater treatment and will drive the overall fracking water treatment equipment market. Moreover, the oil and gas drillers are pushed by the prospects of regulations and competition over water resulted in on-site water treatment and increasing demand for hydraulic water treatment equipments. Further, some of the reuse applications are costlier which limits the application in the saline water treatment and transporting it to the end-users. On the other side, the equipment sale in the water-scarce areas where the options of alternative sources are limited and have stringent regulatory aspects, have opportunity for the global fracking water treatment equipment market. 

 

Another opportunity of the global fracking water treatment equipment market is the centralized approach to treat the wastewater which provides treatment for the full life cycle of wells. This helps in saving gallons of water and is gaining momentum in the North American market servicing shale oil and gas industry. 

 

The global market for fracking water treatment equipment can be segmented on the basis of geography as:

• North America
• Europe
• Asia-Pacific
• Rest of the World

In countries such as the US with the largest reserves for natural gas; shale gas is required to retreat the wastewater accounting for the largest market share for the global fracking water treatment equipment market.

 

Some of the key players in the global fracking water treatment equipment market are: Schlumberger Ltd., Total Separation Solutions, Halliburton Co., Altela, Inc., Oasys Water, Inc., and GASFRAC Energy Services Inc.

 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

• North America 
• Asia Pacific 
• Europe
• Rest of the World  

• Market growth drivers 
• Factors limiting market growth
• Current market trends 
• Market structure
• Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

 

• This report provides pin-point analysis for changing competitive dynamics
• It provides a forward looking perspective on different factors driving or restraining market growth 
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
• It provides distinctive graphics and exemplified SWOT analysis of major market segments