Growth Accelerates in the Produced Water Treatment Systems Market Worldwide

Introduction

The global produced water treatment systems market is witnessing steady growth, fueled by rising oil and gas exploration activities and stringent environmental regulations. As the demand for cleaner water recycling technologies intensifies, especially in oil and gas pipelines, the market is set to benefit from favorable government policies and heightened environmental awareness.

Although the COVID-19 pandemic temporarily slowed down market expansion due to a decline in drilling and industrial activity, the industry has bounced back with growing economic activity. Moreover, with increasing environmental pressure and stricter water discharge standards, the adoption of advanced treatment systems is expected to accelerate.

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Market Overview

The global produced water treatment systems market was valued at US$ 4.6 Bn in 2015 and is projected to exceed US$ 6.0 Bn by 2020, registering a CAGR of 6.1%. Produced water, a byproduct of oil and gas extraction, contains hazardous chemicals and hydrocarbons, necessitating effective treatment systems before reuse or discharge.

North America leads the global market, driven by high drilling activity, robust regulatory frameworks, and adoption of advanced technologies. The region is anticipated to maintain dominance with over 41% market share. Secondary treatment systems held the largest market share in 2015, but tertiary treatment systems are set to experience the fastest growth due to rising demand for high-efficiency solutions.

Key Highlights from the Report

• The market is projected to expand at a CAGR of 6.1% from 2015 to 2020.
• North America is expected to dominate with over 41% of global market revenue by 2020.
• Secondary treatment systems accounted for more than 38% market share in 2015.
• Tertiary treatment systems are projected to grow at the fastest CAGR of 9.1%.
• Produced water volume may rise to nearly 340 billion barrels by 2020.
• Companies are increasingly investing in membrane-based and osmosis technologies.

Market Segmentation

The produced water treatment market is segmented based on the type of treatment systems: primary, secondary, and tertiary. Primary treatment systems involve mechanical separation techniques, while secondary systems incorporate biological and chemical treatments. Tertiary systems, the most advanced, utilize sophisticated technologies like membrane filtration, forward osmosis, and adsorption.

In 2015, secondary treatment systems led the market with the highest revenue share. However, their dominance is expected to decline marginally, making way for tertiary treatment technologies that offer superior efficiency. The latter segment is projected to thrive at a CAGR of 9.1%, reflecting growing demand for sustainable and high-performance solutions in water management.

Regional Insights

North America will continue to lead the global produced water treatment systems market. With over US$ 2.5 Bn projected revenue by 2020, the region's strong regulatory enforcement and high shale exploration activities will remain key drivers. Tertiary treatment solutions in this region are expected to grow at an impressive CAGR of 12.5%.

Europe and Asia Pacific combined contributed around 43% of the market share in 2015. Europe's mature regulatory framework and Asia Pacific's growing oil and gas exploration activities are driving the need for efficient water treatment solutions. Latin America, while holding a small share in 2015, is set to emerge rapidly due to increased investments in oil extraction projects.

Market Drivers

One of the key drivers of the market is the rising global demand for oil and gas. With the increase in exploration and drilling activities, the volume of produced water has surged, thereby requiring efficient treatment systems. Regulatory norms mandating proper disposal or reinjection of this water have further boosted demand for advanced treatment technologies.

Market Restraints

Despite the promising outlook, the high cost of installation and operation of advanced water treatment systems remains a major barrier. Smaller oilfield operators often find it challenging to invest in such technologies. Additionally, the need for specialized maintenance and skilled labor also poses challenges in emerging economies.

Market Opportunities

Rapid advancements in treatment technologies present significant growth opportunities. The emergence of innovative methods such as membrane distillation and ultra-filtration is expected to enhance system efficiency. The rise of unconventional oil and gas production such as shale gas and tight oil also opens up new avenues for the deployment of produced water treatment systems.

Reasons to Buy the Report

✔ In-depth analysis of market trends, growth drivers, and restraints
✔ Insights into regional performance and emerging markets
✔ Detailed segmentation by treatment technology for targeted strategy
✔ Competitive landscape featuring key players and their market strategies
✔ Future market forecast and investment opportunities through 2029

Company Insights

• Siemens AG
• Aker Solutions
• FMC Technologies, Inc.
• Alderley plc
• Veolia
• Frames Group
• CETCO Energy Services
• Aquatech International
• Eco-Tec
• Schlumberger Limited
• Ovivo
• ThermoEnergy Corporation
• Global Water Engineering
• Ecosphere Technologies, Inc.
• Miox Corporation

Recent Developments

• Schlumberger Limited expanded its produced water treatment capabilities by acquiring key assets in the Middle East to support enhanced oil recovery projects.

• Aquatech International introduced a new ultra-filtration solution designed for tertiary produced water treatment, offering higher recovery rates and lower energy consumption.

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This release was published on openPR.