A new report from BCC Research, Fracking Water Treatment: The North American Market, predicts that 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.