Water Management Market for Oil and Gas Industry Growth and Forecast 2015 - 2023

The growing significance of and need for water management, especially in countries with water shortage, has greatly propelled the market for the same. In a report titled “Water Management Market for Oil and Gas Industry - Global Industry Analysis, Size, Share, Trends, Growth, and Forecast 2015–2023”, Transparency Market Research studies the emergence and development of water management solutions.

The rise in water scarcity, coupled with frequent water cuts in many parts of the world, is the primary factor driving the market for water management in the oil and gas industry. The market is also flourishing on account of the development of several unconventional methods of oil and gas production, such as shale gas exploration. This results in the shortage of potable water and the industry is compelled to seek technologies that will enable produced water to be reused for several functions, such as irrigation. In contrast, the market for water management in the oil and gas industry is hampered by several environmental challenges. The report studies these and various other factors impacting the growth of the global market and highlights key opportunities that lie ahead. Recommendations on how to overcome the challenges in store have also been provided.

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By application, water management can be segmented into offshore and onshore. Based on technology, the market includes three main methodologies: produced water treatment services, water disposable services, and water hauling services. Geographically, the water management market in the oil and gas industry comprises North America, Asia Pacific, Europe, and Rest of the World. North America presently accounts for a significant share in terms of demand owing to the rising production of oil and gas via unconventional methods. For this reason, the U.S. is the leading contributor to the North America water management market. A massive industry for oil and gas also makes Asia Pacific a highly lucrative market, the TMR report finds.

The report carefully studies the technology, application, and geographical segments and identifies the core contributors in the market for water management in the oil and gas industry. Their performance over the years and their market share and size have been discussed at length and experts within the industry have offered sharp and actionable insights to help clients make the most of the lucrative options in store.

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The global market for water management in the oil and gas industry has a number of players vying for the top spot. These include Aquatech, Schlumberger, Ovivo, Nuverra Environmental Solutions, Severn Trent Services, Veolia, Ridgeline Energy Services, GreenHunter Resources, and Layne. The leading companies have been identified in the report and their contribution toward the growth of the water management market has been assessed. With the help of a SWOT analysis, the strengths and weaknesses of the prominent players have been analyzed and the opportunities and threats that lie ahead have been discussed at length. Each of the players in the market for water management in the oil and gas industry has also been profiled based on key aspects such as company and business overview, recent developments, financial standing, and business strategies.

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