The Global Produced Water Treatment Systems Market is estimated to reach $7.9billion by 2025, growing at a CAGR of 5.15% from 2020 to 2025. Produced water is a waste byproduct of Oil & Gas industry. Produced water is extracted from Oil & Gas reservoirs and it is generally a mixture of organic and inorganic compounds. Produced water also consists of dissolved and dispersed oil, grease, heavy metals, waxes, microorganisms and others. Emerging technologies for the treatment of produced water are utilized for the removal of heavy metals, oil, grease and others.
The ever increasing demand for fresh water, scarcity of water in many locations along with stringent environmental regulations have resulted in the rise of produced water treatment systems Market.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=18802
Report Price: $ 4500 (Single User License)
By Applications- Segment Analysis
By application Produced Water Treatment Systems Market is segmented into on-shore and offshore. Off-shore applications are witnessing the significant growth in the market owing to the rise in exploration rate of the off-shore reserves Compact Floatation Unit (CFU) technology is designed for off-shore water treatment processes. The CFU drops the water pressure from 108 to 12barg which is the first stage to remove the oil from produced water. In the second stage the CFU does the treatment from produced water by removing excess of oil by operating at a lower pressure of 0.5 barg. Off-shore water treatment is boosting the growth of the market by significant growth of CFU technology along with demand for oil and gas companies for final packaging that is inherently safe and employed proven technology while offering low weight and expedient delivery.
End Users – Segment Analysis
By End users the market is segmented into Oil & Gas, Petroleum, Chemical and others. Oil & Gas industry is dominating the market owing to the availability of produced water in oil and gas reservoirs along with the treatment and reuse in the oil and gas well. In the Oil and Gas industry the treated water is again re-injected to increase the productivity. Technologies like membrane filtration technology, polymeric technology, reverse osmosis and other technologies are used in the oil and Gas industry for reusing the produced water. In addition, the rise in offshore and onshore reserves in the Oil and Gas industry are also boosting the growth of the market. The produced water is reused in multiple applications like well drilling, hydraulic fracturing, secondary oil recovery and sustaining aquifer pressure in Oil and Gas industry thereby fueling the growth of the market.
Geography – Segment Analysis
Global Produced Water Treatment Systems Market is dominated by North America by market share37.4% in 2019. North America is dominated the market owing to the large amount of produced water generated by both conventional and unconventional petroleum reservoirs along with the presence of major gas producing wells. Furthermore, produced water after treatment by various technologies is chosen as an alternative for drinking use in the places experiencing water scarcity in North America. In this region produced water is also used in irrigation, livestock watering, stream flow augmentation and industrial application. Aging infrastructure, rapid population growth, depletion of ground water resources, impaired water quality associated with various land uses and land covers have also driven the market growth in this region.
Talk to one of our sales representative about the full report by providing your details in the link below:
Drivers – Produced Water Treatment Systems Market
The ever growing population has led to scarcity of water in many locations across the globe. Oil and Gas reservoirs produce a large quality of produced water that contains oil, grease, heavy metals, radioactive elements and others. This gives rise to the systems or equipments for the treatment of the produced water to allow it to be reused again for certain purposes. The produced water treatment systems are used treat the water and in many places after treatment the water is used for drinking purposes.
According to the Global Energy Statistical Yearbook in the year 2019 there is 11% surge in gas production in United States, along with 45% surge in gas wells globally. Furthermore, rise in the end user industry of the Oil and Gas wells contributed to the 70% of the gas production in United States in the year 2019 thereby contributing the growth of the market. According to the Oil Information in 2019, demand for oil has increased by 1.6% since 2017. In 2018, demand for oil in non-OECD countries like Singapore, South Africa, Brazil and others had increased by 52%.The increases in demand for Oil throughout the globe had led to the ever increasing Oil and Gas industry boosting the growth of the market.
Challenges – Produced Water Treatment Systems Market
As the activities related to Oil and Gas industries are increasing globally have led to the saltwater intrusion in the injection wells leading to the rise in total dissolved solid level (TDS). Saltwater easily enters the subsurface layer of fresh water aquifers owing to the high density and pressure and contaminates the groundwater sources. Before injection in the oil wells the brine solution needs to be treated repeatedly in the Oil and Gas industry which is time consuming and costly. This is hindering the growth of the market.
Service Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Produced Water Treatment Systems Market are given in this report. Produced Water Treatment Systems Market is dominated by major companies such as Siemens AG, Aker Solutions, FMC Technologies Inc, Frames Group, CETCO Energy Services LLC, Aquatech International, Ovivi Thermo Energy Corporation, Ecosphere Technologies Inc, Miox Corporation, and Global Water Engineering among others.
Related Reports :
Packaged Water Treatment System Market
Water Treatment Additives Market
About IndustryARC : IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.