ProducedWater Treatment Market: Introduction
TransparencyMarket Research delivers key insights on the global produced watertreatment market. In terms of revenue, the global produced watertreatment market is estimated to expand at a CAGR of ~5% during theforecast period, owing to numerous factors regarding which TMR offers thoroughinsights and forecasts in its report on the global produced water treatmentmarket.
The globalproduced water treatment market is broadly affected by several factors,including rise in water scarcity, stringent rules and regulations across theglobe for water treatment, and ongoing investments in oil & gas exploration.
Produced Water Treatment Market:Dynamics
Theconsumption of oil has been rising with the increase in industrialization invarious nations. China is a prominent consumer of oil in the world, owing torapid industrialization. Various companies are supported by initiatives by theGovernment of China, such as permitting private companies whose net assets aremore than $43 Mn to apply for licenses toconduct oil & gas exploration and production in China in order to enhanceinvestment in this sector for prompt recovery from the impact of COVID-19.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3957
The rise ininvestments in the oil & gas industry due to increase in consumption of oil& gas, globally, has augmented the application of produced water treatmentplants in the oil & gas industry. For instance, the Coalition Government(Australia) revealed the 2020 OffshorePetroleum Exploration Acreage Release 100,000 squarekm of acreage has been released across five basins including, Browse, NorthernCarnarvon, Bonaparte, Otway, and Gippsland basins. This is estimated tostimulate investment in the oil & gas industry, along with the demand forproduced water treatment applications.
Oil priceshave exhibited significant volatility and are fluctuating for the last 2 to 3years. Consequently, governments of various countries are taking variousefforts to cope with rise in oil prices and revive investment in the oil &gas sector.
Recoveringfrom the impact of the COVID-19 pandemic on the oil & gas industry, andgovernments of several countries are trying to restore the industry byproviding various relief packages for the oil & gas sector in theirrespective countries. Rise in investment in countries in Southern Africa isprojected to boost the produced water treatment market during the forecastperiod. For instance, in January, 2021, Hess Corp, aU.S.-based company allocated US$ 450 Mn todrill 12-15 explorationand appraisal wells on the Stabroek block in Guyana out of US$ 1.9 Bnfor overall E&P in the oil & gas sector. This has fueled the demand forwater treatment applications significantly.
More Trending Reports
In terms oftreatment type, the reverse osmosis/membrane treatment segment dominated theglobal produced water treatment market in 2020. The segmentis anticipated to expand at a CAGR of ~5% between 2021 and 2031.
Produced Water Treatment Market:Prominent Regions
Theproduced water treatment market in Middle East & Africa is projected toexpand significantly during the forecast period, owing to a large presence ofmajor oil & gas producers in the region and enactment of stringentregulations by governments on the discharge of produced water. Saudi Arabiadominated the produced water treatment market in Middle East & Africa in 2020.
Theproduced water treatment market in Asia Pacific is likely to expandconsiderably during the forecast period. Increase in oil & gas explorationactivities, especially in China and Australia, in order to cater to the rise inthe demand is a major factor driving the produced water treatment market in theregion.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=3957<ype=S
Produced Water Treatment Market:Key Players
Majorplayers operating in the global produced water treatment market are SiemensEnergy AG, Schlumberger Limited, CETCO Energy Services Company LLC, TechnipFMCplc, Halliburton, Ovivo, Veolia, Enviro-Tech Systems, Suez S.A., and Sulzer.
AboutUs
TransparencyMarket Research is a global market intelligence company, providing globalbusiness information reports and services. Our exclusive blend of quantitativeforecasting and trends analysis provides forward-looking insight for thousands ofdecision makers. Our experienced team of Analysts, Researchers, andConsultants, use proprietary data sources and various tools and techniques togather, and analyze information.
Our datarepository is continuously updated and revised by a team of research experts,so that it always reflects the latest trends and information. With a broadresearch and analysis capability, Transparency Market Research employs rigorousprimary and secondary research techniques in developing distinctive data setsand research material for business reports.
Contact
90 StateStreet, Suite 700
Albany, NY12207
Tel:+1-518-618-1030
USA -Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
