Global Produced Water Treatment Systems Market Set to Surge with Growing Oil and Gas Activities By 2029

The global produced water treatment systems market is anticipated to be valued at approximately US$ 4.29 Billion in 2022. With the increasing oil and gas operations worldwide, the overall market is projected to experience a robust CAGR of 5.8% from 2022 to 2029, reaching a valuation of over US$ 6.38 Billion by 2029.

Future Market Insights provides an in-depth assessment and comparative analysis of the dynamics influencing the produced water treatment systems market, primarily driven by the escalating number of onshore oil and gas drilling projects.

A significant volume of produced water treatment systems is being utilized to purify water extracted from the oil and gas industries, repurposing it for irrigation purposes. The demand for produced water treatment systems is expanding due to the adoption of these highly efficient water management solutions.

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The global market for produced water treatment systems is being driven by a combination of factors, including the escalation of government regulations pertaining to the discharge of produced water and the growing concerns about water scarcity.

Among the various tertiary treatment methods available for produced water, reverse osmosis stands out due to its remarkable efficiency in removing bacteria, ions, and a diverse range of particles.

Furthermore, the implementation of rigorous regulations aimed at curbing the environmentally harmful release of produced water has exerted a positive influence on the expansion of the produced water treatment systems market. As a response to these regulations, oil and gas companies are increasingly adopting water treatment systems to align with compliance requirements.

Key Observations:

Robust Adoption of Produced Water Treatment Facilities Driving Growth in the US
Increasing Water Scarcity Driving Demand in the UK
Produced Water Treatment Systems in High Demand Across Upstream Oil and Gas Sector
Compact 100-500 Capacity Systems Gaining Popularity for Produced Water Treatment
Prominence of Reverse Osmosis Water Filter Systems Establishing Them as Standard Method for Produced Water Treatment
Elevated Onshore Oil and Gas Operations Boosting Demand for Enhanced Water Treatment Systems
Competitive Scenario:

The landscape of the produced water treatment systems market is marked by intense competition, with leading players actively enhancing their product offerings. These companies have adopted a mix of organic and inorganic strategies, including partnerships, advanced product launches, collaborations, and acquisitions, to establish dominance in the market. Notable instances include:

Heartland Technology's Collaboration with Power-On-Demand: In March 2021, Heartland Technology partnered with Power-On-Demand, a provider of oil and gas cogeneration solutions. This collaboration aimed to deliver innovative power-water solutions to the energy industry, generating cleaner on-site power with reduced greenhouse gas emissions. This partnership also offered cost-effective solutions for produced water disposal and reuse.

GE's Introduction of ZeeWeed 700B: In May 2016, GE unveiled a novel water treatment technology called ZeeWeed 700B, tailored for the offshore oil and gas industry. This technology contributed to enhanced water treatment capabilities for offshore operations.

Ovivo Inc.'s Investment in Silicon Carbide Membranes: In November 2021, Ovivo Inc., a global water and wastewater treatment solutions provider, invested over $25 million to establish a cutting-edge facility in the United States. The facility was dedicated to producing Cembrane's patented Silicon Carbide flat sheet membranes, reinforcing advanced water treatment technologies.

Veolia Water Technologies' Launch of TERION: In July 2020, Veolia Water Technologies introduced TERION, a standard single-skid unit combining single-pass reverse osmosis and continuous electro-deionization. This innovation aimed to produce high-grade deionized water catering to laboratory, power, and general industrial needs.

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Key Industry Leaders:

Siemens Water Technologies
Alderley plc
Frames
Aker Solutions
Aquatech
Schlumberger
FMC Technologies
Veolia
Cetco
Eco-Tec
Thermoenergy
Ecosphere
MIOX
Ovivo
Global Water Engineering

Market Segmentation:

Capacity (thousand bl/day):
Less than 100
100 to 500
Above 500

Technology:
Primary
Secondary
Tertiary

Application:
On Shore
Off Shore

Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East & Africa (MEA)

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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This release was published on openPR.