Press release
Produced Water Treatment Systems Market (Crude Oil and Natural Gas Production Outlook; Source - Oil, Natural Gas) Global Industry Analysis Forecast - 2020
Success-hungry manufacturers are also resorting to product differentiation to steal the march over their competitors. They are purveying pioneering produced water treatment system designs, leveraging cutting-edge technologies to ensure optimal utilization of oil and gas assets, and trying to minimize the negative impact on the environment. Alderley, for example, manufactures primary water treatment systems that remove upstream sand leveraging hydroclones and further separate solid/liquid hydroclones through multi-phase separators. Companies are also competing for patents on new, improved technologies to improve sales and revenues. An emerging trend in the market is packages for mobile treatment and rental services.
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produced water treatment market
As per the TMR report, the global produced water treatment systems market would likely achieve a value of US$6.16 bn by 2020. The report also forecasts the produced water volumes to be over 340 bn barrels by 2020 – a figure that indicates the massive opportunity in store for companies operating in the industry.
Strict Regulations Drive Market in North America
The global market for produced water treatment systems can be segmented into primary, secondary, and tertiary treatment systems. Among them, the secondary treatment systems have grossed maximum revenues to hold a dominant share in the market. The tertiary treatment systems segment, with the least share in the market, is expected to outpace the two others in terms of growth rate.
Geography-wise, North America accounts for a dominant share in the global market for produced water treatment systems. This is mainly because of the stringent government regulations and vigorous shale gas production in the U.S. that have upped the demand for produced water treatment services and systems by companies. The region is slated to witness a robust growth rate in the coming years to reach a value of US$2.6 bn by 2020. The Middle East and Africa region is also seeing a strong demand for both rental systems and onsite services. In Asia Pacific too, the demand for treating produced water is predicted to remain strong due to the rise in new oilfields in the region.
Alongside Regulations, Unconventional Oil and Gas Production Methods Bolster Market
Driving growth in the global market for produced water treatment systems is the increasing regulatory norms surrounding water reinjection. “The petroleum industry now has a mandate for the reinjection of produced water from petroleum extraction and refinement. The global petroleum industry, in 2014, released 65 billion barrels back into oil fields, both offshore and onshore. The year had seen a production of 201.4 bn barrels, of which 136.9 barrels were eliminated,” informs the analyst of the report. Other factors pushing growth in the market include the overall increase in production of unconventional oil and gas and a widening ratio of produced water to oil.
Steep Cost of Installation Hampers Uptake of Systems
A key restraint to growth in the market is the high cost associated with installation, leading to reduced uptake in the systems. Making matters worse are the operational and maintenance costs of these systems that add to the overall expenditure. Besides, water treated by such systems may not find too many takers because of the concerns about toxicity, even though existing technologies make sure the treated water is safe for consuming.
Complete Report with TOC : http://www.transparencymarketresearch.com/produced-water-treatment-market.html
This review is based on the findings of a TMR report titled “Produced Water Treatment Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2012–2020.”
Global Produced Water Treatment Systems, by Technology:
Primary Treatment
Secondary Treatment
Tertiary Treatment
Global Produced Water Treatment Systems, by Geography:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
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