Produced Water Treatment Systems Market 2023 Global Key Players, Market Dynamics, Future Demand Analysis and Forecasts to 2033

The produced water treatment systems market is an essential sector within the water and wastewater treatment industry. Produced water refers to the wastewater that is generated during oil and gas exploration and production processes. It contains various contaminants, such as oil, grease, dissolved solids, and toxic chemicals, making it necessary to treat before disposal or reuse. The market for produced water treatment systems has been witnessing significant growth due to increasing oil and gas production activities, strict environmental regulations, and the need for sustainable water management.

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One of the primary drivers of the produced water treatment systems market is the expanding oil and gas industry. As oil and gas production continues to rise globally, the volume of produced water generated also increases. The efficient treatment and management of produced water have become crucial for oil and gas companies to comply with environmental regulations, maintain operational efficiency, and reduce the environmental impact of their operations. This drives the demand for produced water treatment systems that can effectively remove contaminants and meet regulatory requirements.

Companies

Siemens AG
Alderley plc
Frames group
Aker Solutions ASA
Aquatech international
Schlumberger Limited
FMC Technologies,
Veolia
Cetco Energy Services
Eco-tec
ThermoEnergy and eco-sphere
Others

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Strict environmental regulations are another factor propelling the growth of the produced water treatment systems market. Governments and regulatory bodies have implemented stringent regulations to protect water resources and ensure the safe disposal or reuse of produced water. Companies operating in the oil and gas sector are required to treat and properly manage produced water to meet these regulations. The need for compliant treatment systems drives the adoption of produced water treatment technologies, creating growth opportunities in the market.

The growing focus on sustainable water management practices is also contributing to the market growth. As water scarcity becomes a global concern, the reuse of produced water has gained importance. Treated produced water can be utilized for various purposes such as irrigation, industrial processes, and even hydraulic fracturing operations. Produced water treatment systems that enable efficient treatment and provide high-quality treated water for reuse are in high demand. The emphasis on sustainable water management drives investments in advanced treatment technologies and systems.

Technological advancements play a significant role in shaping the produced water treatment systems market. Continuous research and development efforts have led to the development of innovative treatment technologies and systems that offer higher efficiency, improved contaminant removal, and reduced operational costs. Advanced treatment processes, such as membrane filtration,

electrocoagulation, and biological treatment, are gaining popularity in the market. These technologies allow for better treatment outcomes and contribute to the growth of the produced water treatment systems market.

Market Dynamics

Soaring demand for oil and gas, followed by increasing extraction, will continue to primarily drive the market for produced water treatment systems on a global level. In addition to stringent government regulatory measures regarding the environmental impact of produced water disposal, reinjection norms in the petroleum sector are anticipated to accelerate the market growth.

Scarcity of usable water in developing regions will also remain a key driver to emergence of better water treatment solutions, eventually escalating the market growth. Rising prevalence of land gas drilling will also push the market growth by 2020 end.

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Segment Analysis

By technology, the global produced water treatment market is segmented into three key segments viz. primary, secondary, and tertiary treatment systems. In 2015, secondary treatment systems segment registered the largest revenue share of over 38%. However, this segment is likely to witness a fall during the forecast period; the Y-o-Y growth in 2017 over 2016 will be of 5.4%. PMR indicates that tertiary treatment systems segment will thrive at the fastest CAGR of 9.1% over 2015-2020.

Regional Analysis

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.

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