Press release
Regional Analysis of Produced Water Treatment Market to Reach Valuation of US$ 187.4 Bn by 2031
Transparency Market Research delivers key insights on the global produced water treatment market. In terms of revenue, the global produced water treatment market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global produced water treatment market.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/produced-water-treatment-market.html
The global produced water treatment market is broadly affected by several factors, including rise in water scarcity, stringent rules and regulations across the globe for water treatment, and ongoing investments in oil & gas exploration.
๐๐ซ๐จ๐๐ฎ๐๐๐ ๐๐๐ญ๐๐ซ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The consumption of oil has been rising with the increase in industrialization in various nations. China is a prominent consumer of oil in the world, owing to rapid industrialization. Various companies are supported by initiatives by the Government of China, such as permitting private companies whose net assets are more than $43 Mn to apply for licenses to conduct oil & gas exploration and production in China in order to enhance investment in this sector for prompt recovery from the impact of COVID-19.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3957
The rise in investments in the oil & gas industry due to increase in consumption of oil & gas, globally, has augmented the application of produced water treatment plants in the oil & gas industry. For instance, the Coalition Government (Australia) revealed the 2020 Offshore Petroleum Exploration Acreage Release 100,000 square km of acreage has been released across five basins including, Browse, Northern Carnarvon, Bonaparte, Otway, and Gippsland basins. This is estimated to stimulate investment in the oil & gas industry, along with the demand for produced water treatment applications.
Oil prices have exhibited significant volatility and are fluctuating for the last 2 to 3 years. Consequently, governments of various countries are taking various efforts to cope with rise in oil prices and revive investment in the oil & gas sector.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3957
Recovering from the impact of the COVID-19 pandemic on the oil & gas industry, and governments of several countries are trying to restore the industry by providing various relief packages for the oil & gas sector in their respective countries. Rise in investment in countries in Southern Africa is projected to boost the produced water treatment market during the forecast period. For instance, in January, 2021, Hess Corp, a U.S.-based company allocated US$ 450 Mn to drill 12-15 exploration and appraisal wells on the Stabroek block in Guyana out of US$ 1.9 Bn for overall E&P in the oil & gas sector. This has fueled the demand for water treatment applications significantly.
In terms of treatment type, the reverse osmosis/membrane treatment segment dominated the global produced water treatment market in 2020. The segment is anticipated to expand at a CAGR of ~5% between 2021 and 2031.
๐๐ซ๐จ๐๐ฎ๐๐๐ ๐๐๐ญ๐๐ซ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
The produced water treatment market in Middle East & Africa is projected to expand significantly during the forecast period, owing to a large presence of major oil & gas producers in the region and enactment of stringent regulations by governments on the discharge of produced water. Saudi Arabia dominated the produced water treatment market in Middle East & Africa in 2020.
The produced water treatment market in Asia Pacific is likely to expand considerably during the forecast period. Increase in oil & gas exploration activities, especially in China and Australia, in order to cater to the rise in the demand is a major factor driving the produced water treatment market in the region.
๐๐ซ๐จ๐๐ฎ๐๐๐ ๐๐๐ญ๐๐ซ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Major players operating in the global produced water treatment market are Siemens Energy AG, Schlumberger Limited, CETCO Energy Services Company LLC, TechnipFMC plc, Halliburton, Ovivo, Veolia, Enviro-Tech Systems, Suez S.A., and Sulzer.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐จ๐๐ฎ๐๐๐ ๐๐๐ญ๐๐ซ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Produced Water Treatment Market, by Treatment Type
Chemical Treatment
Reverse Osmosis/Membrane Treatment
Biological Treatment
Physical Treatment
Combined Systems
Others
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3957
Produced Water Treatment Market, by Source
Onshore
Offshore
Produced Water Treatment Market, by End Use
Oil & Gas
Industrial
Power Generation
Others
Produced Water Treatment Market, by Region
North America
U.S.
Canada
Europe
U.K.
Norway
Russia & CIS
Rest of Europe
Asia Pacific
China
India
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Venezuela
Rest of Latin America
Middle East & Africa
Saudi Arabia
UAE
Iraq
Nigeria
Rest of Middle East & Africa
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
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Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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