NEW YORK, March 1 , 2016 /PRNewswire/ -- The North American shale oil and gas industry has seen a surge in development in recent years. With the 2014 collapse in oil prices, growth has been stymied and the future has been brought into question. This has impacted water and wastewater technologies because upstream production relies on fracking, which in turn relies on water treatment technologies. The market has seen a peak in 2014 and this number will decline in 2015. The longer-term trajectory, however, forecasts a bounce back in 2021. This research services includes the participation of leading equipment manufacturers, service companies, regulators, and other stakeholders.
The North American shale oil and gas water and wastewater market has until recently seen strong growth as demand for shale oil and gas has expanded. However, with a collapse in oil and gas prices commencing in 2014, the sector began to retrench with this impacting on demand for water and wastewater treatment technology.
-The exploitation of North American shale gas and oil reserves accelerated during the middle of last decade. Initially, attention was focused on gas but is now focused on oil.
-Water is an important part of the fracking process. Treatment is often required for raw water prior to injection into a frack well while water emanating from wells typically requires treatment before reinjection, reuse, or release into the environment.
-Environmental concerns about the pollution risks associated by water produced during the fracking process are well known with regulatory and industry initiatives are in place in both Canada and the United States.
-By value the market peaked at $ million in 2014 after suffering a small downturn in revenues in 2013. The collapse in the fracking market since late 2014 is set to reduce the value of the sector to $ million in 2015.
-Beyond 2015, our forecast is for a recovery in the fortunes of the sector boosted by an improvement in shale oil and gas production as well as by increased investment in wastewater treatment and water recycling equipment. By 2021 the value of the market is expected to have reached $ million with a compound annual growth rate (CAGR) for 2014 to 2021 of %
Key Questions This Study Will Answer
-What is the current position of the shale oil and gas North American water and wastewater treatment market?
-Which sectors of the market are growing, how long will they continue to grow, and at what rate?
-What are the key drivers and key restraints for the shale oil and gas North American water and wastewater treatment market between 2015 and 2021?
-What are the key trends and technological developments?
-What are the main distribution channels?
-What is the market's current competitive structure, and how will it change with time?
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