The produced water treatment market is expected to progress at a steady rate by the end of the year 2029. The market growth is expected to be driven by the high demand for these systems in the oil and gas pipe industry. Favorable government policies are also projected to play a vital role in providing the thrust to the market. The augmenting demand for eco-friendly produced water treatment technologies is estimated to generate lucrative growth opportunities in the market through the forecast period.
The steep decline in demand during COVID-19 pandemic owing to the sluggish progress across different end-use industries is expected to create a hurdle in the continuous market growth. The market is projected to resume its usual business with progress in economic activities.
North America and Europe are expected to witness a steep hike in the drilling operations and oil & gas exploration activities, creating white spaces of growth for the market players. Major players in the market are expanding their business with collaborations and acquisitions. They are keen to acquire new contracts in the oil sector that keeps arising with the rise in oil price. Established players in the global market include Schlumberger Limited, Siemens AG, FMC Technologies, ThermoEnergy and eco-sphere, Cetco Energy Services, and Aquatech international.
Stringent norms regarding treatment and disposal of produced water will remain the key force, propelling the demand for a range of produced water treatment systems. Generated from the oil and gas industry, produced water often comprises hydrocarbon formulations and a few other hazardous chemical characteristics. Water treatment systems that are specifically designed for produced water serve to safeguard the quality of treated water before it is reused or released off.
The global produced water treatment systems market has been witnessing moderate growth since the past few years. During the five-year period 2015-2020, the global market for produced water treatment systems is likely to take a leap from US$ 4.6 Bn observed in 2015, to cross US$ 6.0 Bn by 2020 end in terms of revenues. The market will expand at a CAGR of 6.1% over the forecast period.
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Taking off interest for oil and gas, trailed by expanding extraction, will proceed to drive the market for delivered water treatment frameworks on a worldwide level basically. Notwithstanding rigid government administrative measures with respect to the ecological effect of created water removal, reinjection standards in the petrol area are expected to speed up the market development.
Shortage of usable water in creating locales will likewise stay a vital driver to development of better water treatment arrangements, ultimately raising the market development. Rising commonness of land gas boring will likewise move the market development by 2020 end.
Delivered water volumes are projected to shoot up to almost 340 billion barrels by 2020 end, up from north of 202 billion barrels produced as of late in 2014. After removal of around 70% of these barrels, the excess were re-infused into seaward oil fields. This has been a vital sponsor to the age of expanding volumes of created water inside the new past. In addition, expanding oil-to-delivered water proportion is likewise anticipated to support the interest for effective created water treatment frameworks.
Likewise, rising unpredictable creation levels of the oil and gas industry will stay a significant variable driving the interest throughout the following couple of years. Expanded investigation pace of seaward and on-shore stores of oil and gas, is one more key pattern expected to help the market development.
Since the beyond couple of years, exhausting raw petroleum saves in key OPEC nations has constrained oil and gas organizations to take on other elective sources, including gas hydrates, tight oil, shale gas, and CBM. This pattern has been a vital advertiser of the utilization of created water treatment frameworks. Development of a few new techniques, including polymer film ultra-filtration, layer refining, forward assimilation, and adsorption will persevere to stir things up around town emphatically.
Notwithstanding, higher establishment and functional expenses might stay a longstanding test to the worldwide delivered water treatment frameworks market development. Driving organizations in the market are progressively worried about scaling of water treatment advances.
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North America will remain the dominant market through to 2020, with over 41% share in terms of revenues. From US$ 1.73 Bn recorded in 2015, this region is estimated to exceed US$ 2.5 Bn by 2020 end. While tertiary treatment segment in North America is estimated at a 12.5% CAGR, secondary treatment segment will expand at a CAGR of 7.1%.
Europe and Asia Pacific, collectively registering a market share of nearly 43% in 2015, will remain the major markets over the forecast period as well. Latin America, despite registering a negligible share in 2015, is expected to emerge at a substantial rate during 2015-2020.
Some of the key companies profiled in the global produced water treatment systems market report
- Aker Solutions
• Alderley plc
• Aquatech International
• CETCO Energy Services
• Ecosphere Technologies
• FMC Technologies
• Frames Group
• Global Water Engineering
• Schlumberger Limited
• ThermoEnergy Corporation
• and Miox Corporation.
• include Siemens AG
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