Press release
Produced Water Treatment Systems Market will Reach a Valuation in Excess of US$ 6.2 billion by 2020
Click to View Complete Report @ https://www.futuremarketinsights.com/reports/produced-water-treatment-market
As of 2014, North America dominates the market and accounts for around 37.1% of the global market, followed by Asia Pacific and Europe. North America produced water treatment systems market is expected to reach US$2.6 Bn by 2020. In 2014, Europe and Asia Pacific were other major contributors to the total market. These regions together accounted for around 43% of the global market in 2014. Though, Latin America accounted for miniscule share in the total market, it is expected to register a substantial growth rate during the forecast period.
Increasing unconventional oil & gas production, rising oil to produced water ratio, growing regulatory standards and water scarcity are few of the key driving factors of the global produced water treatment systems market. Produced water reinjection is becoming the norm in the petroleum industry. In 2014 alone, 201.4 Bn barrels of produced water were generated from oil and gas wells across the globe. Of these, 68% barrels water was disposed of, and rest was re-injected into oil fields, both onshore and offshore. As resultant, produced water volumes are expected to rise to over 340 Bn barrels by 2020. In addition, offshore reinjection is anticipated to display a fastest CAGR of 23% from 2014 to 2020, followed by onshore reinjection.
The report profiles the key strategies and financial outlook ofSiemens AG, Alderley plc, Frames Group, Aker Solutions, Aquatech International, Schlumberger Limited, FMC Technologies, Inc., Veolia, CETCO Energy Services, Eco-Tec, ThermoEnergy Corporation, Ecosphere Technologies, Inc., Miox Corporation, Ovivo and Global Water Engineering.
Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/produced-water-treatment-market/toc
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