Produced water is defined as the complex mixture of the organic and inorganic components mixed in the formation water, which exists in the reservoir along with the oil & gas and is produced with the extracted oil & gas. This water is slightly acidic in nature and needs to be treated before reinjection into the river streams. The water produced contains several impurities such as dissolved and dispersed oil components including Benzene, Toluene, ethylbenzene, and xylene (BTEX), polyaromatic hydrocarbons (PAHs), and phenols. This treated water is re-injected to increase the productivity from the oil well since the water acts as the pushing force for the oil & gas up to the surface. Various treatment methods such as membrane technology, thermal technology, physical separation, and chemical treatment is embraced among industries to process this water.
This report projects the trends and opportunities of the global produced water treatment systems market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
The global produced water treatment systems market witnesses highest demand among oil and gas industries owing to rise in exploration rate of offshore and onshore reserves, which boost the market growth. In addition to stringent government regulatory measures regarding the environmental impact of produced water disposal, reinjection norms in the petroleum sector are expected to catapult the market growth. Moreover, scarcity of portable water in the developing regions majorly drives the increase in need for waste treatment solutions, thereby leading to market growth. However, higher installation and operational pilot plant costs coupled with rise in corrosion hit machines thereby restrains the market growth.
The global produced water treatment systems market is segmented based on type, application, and geography. On the basis of type, it is classified into primary, secondary, and tertiary. On the basis of application, the market is bifurcated as offshore and onshore. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players in this sector include Aker Solutions, ThermoEnergy Corporation, Alderley plc, Frames Group, CETCO Energy Services, Schlumberger, Global Water Engineering, Siemens AG, Ecosphere Technologies, Inc., FMC Technologies, and Veolia.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
- Major countries in each region are mapped as per key trends and opportunities of the market and presence of major players.
- Region-wise and country-wise market conditions are comprehensively analyzed in the report.
- Key players of the produced water treatment systems market are listed.
- This study evaluates value chain to understand the competitive environment across geographies.
- An in-depth analysis of segmentation is provided to elucidate the dominant opportunities.
Produced Water Treatment Systems Market Key Segments
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA