The wastewater treatment equipment market in the North American shale gas industry is expected to grow from $xxx.x million in 2011 to $xxx.x million by 2018 at a compound annual growth rate (CAGR) of x.x percent. The U.S. wastewater treatment equipment market in the shale gas industry is expected to grow from $xxx.x million in 2011 to $xxx.x million by 2018 at a CAGR of x.x percent.
The Canadian wastewater treatment equipment market in the shale gas industry is expected to grow from $xx.x million in 2011 to $xx.x million by 2018 at a CAGR of x.x percent. Canada is in its birth stage of the market and expects to see much pilot testing of equipment during the next few years, with new shale basins being explored.
Low natural gas prices have impacted growth of the shale gas market due to abundant supply but poor demand. Drilling and production are to remain steady initially. Basins deemed key for growth opportunities are oil and natural gas reserves with the highest profitability. A shift from unprofitable dry gas to liquid rich basins is likely. Many technologies being piloted and tested in various shale plays are not proving economically and functionally viable. Modular, multifunctional systems are key to growth.
Report Scope
The Analysis of the Wastewater Treatment Equipment in the North American Shale Gas Industry provides an overview of the market drivers and restraints, market size, and forecasts wastewater treatment equipment used in shale gas. This includes equipment used for flowback and produced water. Uncertainty remains over short term natural gas prices, environmental challenges associated with advanced drilling techniques for hydraulic fracturing and horizontal drilling, and increasing focus on sustainability; the market is not expected to show strong growth until 2016.
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