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Frost & Sullivan: The Chance of Long-term Natural Gas Buoys Wastewater Treatment Equipment in the Shale Gas Industry

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Frost & Sullivan: The Chance of Long-term Natural Gas Buoys Wastewater Treatment Equipment in the Shale Gas Industry PR Newswire MOUNTAIN VIEW, California, July 12, 2012 - Equipment providers must focus on technology to meet the need for enhanced water management, within stringent regulations MOUNTAIN VIEW, California, July 12, 2012 /PRNewswire/ -- The North American wastewater treatment equipment market in the shale gas industry is expected to achieve steady growth once the utility market and oil and gas industry gets accustomed to the increasing environmental regulations in the market. Uncertainty over the existing coal power plants, due to new strict regulations focusing on efficiency and reduction in capital costs, coupled with stagnant recovery from the economic recession is likely to slow down market growth until at least 2014. New analysis from Frost & Sullivan's (http://www.environmental.frost.com) Analysis of the Wastewater Treatment Equipment Market in the North America Shale Gas Industry research finds that the market earned revenues of $246.5 million in 2011 and estimates this to reach $353.6 million in 2018. If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
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Frost & Sullivan: The Chance of Long-term
Natural Gas Buoys Wastewater Treatment
Equipment in the Shale Gas Industry
PR Newswire
MOUNTAIN VIEW, California, July 12, 2012
- Equipment providers must focus on technology to meet the need for
enhanced water management, within stringent regulations
MOUNTAIN VIEW, California
,
July 12, 2012
/PRNewswire/ -- The North American
wastewater treatment equipment market in the shale gas industry is expected
to achieve steady growth once the utility market and oil and gas industry gets
accustomed to the increasing environmental regulations in the market.
Uncertainty over the existing coal power plants, due to new strict regulations
focusing on efficiency and reduction in capital costs, coupled with stagnant
recovery from the economic recession is likely to slow down market growth
until at least 2014.
New analysis from Frost & Sullivan's (http://www.environmental.frost.com)
Analysis of the Wastewater Treatment Equipment Market in the
North America Shale Gas Industry
research finds that the market earned
revenues of
$246.5 million
in 2011 and estimates this to reach
$353.6 million
in
2018.
If you are interested in more information on this research, please send an
email to Britni Myers, Corporate Communications, at britni.myers@frost.com,
with your full name, company name, job title, telephone number, company
email address, company website, city, state and country.
Oil and gas companies are looking for enhanced water management solutions
and techniques given the high water consumption during the hydraulic
fracturing and horizontal drilling processes on a frac site. Additionally,
increasing environmental concerns for wastewater disposal and the recent air
emissions control set by the Environmental Protection Agency (EPA) necessitate
a more strategic approach to treat produced and flowback water.
Drilling for unconventional gas has exponentially grown from 2005 onwards and
has changed the long-term strategy for many industries. However, in the last
few years, poor demand for natural gas has meant gas prices have dropped to
as low as
$2.00
per million British Thermal Units (MMBtu). This has forced many
oil and gas companies to scale back drilling in dry shale plays and focus on
liquid-rich shale plays such as Eagle Ford,
Texas
; Utica Shale,
Ohio
; and Bakken
Shale,
North Dakota
.
"Oil and gas companies are also likely to reduce spending in undeveloped areas
and instead focus on regions where the company either has an existing
presence or one that is likely to generate positive return," said Frost & Sullivan
Industry Analyst Ankur Jajoo. "The reduction in drilling will mean the expected
growth opportunity for wastewater treatment equipment remains steady for
the short-term as the market recovers."
Thermal distillation and evaporators; crystallization and zero liquid discharge
systems; flocculation and clarifiers; and disinfection equipment are portrayed
as areas for long-term growth. These technologies are also likely to see the