Frack Water Market to Grow Nine-fold, Boosting New Technologies

Published on by in Business

Frack Water Market to Grow Nine-fold, Boosting New Technologies

With hydraulic fracturing, or "fracking" - the use of high pressure water to help extract previously inaccessible shale gas - eager to replicate its success outside the U.S., the market for water treatment will grow nine-fold to $9 billion in 2020. This expansion will spur technology innovation and novel thinking about water disposal and reuse, but the field is rapidly growing overcrowded, creating significant risk for new entrants, Lux Research said in a report.

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