Global Produced Water Treatment Systems Market : Industry Analysis and Forecast (2019-2027)
Global Produced Water Treatment Systems Market was valued at US$ 12.39 Bn in 2019 and is expected to reach 25.1 Bn by 2027, at a CAGR of 10.61 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Produced Water Treatment Systems Market Dynamics:
Produced water can be defined as the concentrated and complex mixture of organic and inorganic compounds and the largest volume of by-product generated during oil and gas recovery operations. The amount of the produced water from the wells exponentially for the predictable sources of energy like oil and inversely for the unconventional source of energy like coal bead methane gas during the lifetime of the well. This water needs to be treated or recycled for injection purposes. Many technologies are present for this treatment like membrane filtration technology, thermal technologies, etc., which increase the demand for produced water treatment system.
The main factors driving the growth of this market include the energy sector and the increasing strictness of environmental policies. Produced water volumes are predictable to spike up to nearly 340 billion containers by 2020 end, up from over 202 billion containers generated in 2019. After disposal of 70% of these containers, the remaining were re-injected into off-shore oil fields. This has been a key supporter of the generation for growing volumes of produced water in 2019. Moreover, the growing oil-to-produce water ratio is also expected to sustain the demand for efficient produced water treatment systems. In addition, rising unconventional production levels of the oil and gas industry will remain an important factor driving the demand for the produced water treatment systems.
On the other hand, the government policies have changed to decrease the investments in the existing technologies and increase the efforts against the advanced technologies to increase the demand of produced water treatment system market during the forecast period.
Global Produced Water Treatment Systems Market Segment Analysis:
On the basis of technology segment, the global produced water treatment market is segmented into three key segments viz. primary, secondary, and tertiary treatment systems. In 2019, secondary treatment systems segment listed as the largest revenue share of 38%. However, this segment is expected to witness less growth during the forecast period of produced water treatment system and tertiary treatment system segment will rise at the fastest CAGR (XX %) during the forecast period.
Global Produced Water Treatment Systems Market Regional Analysis:
The North American region remains the major market for the Produced water treatment system. The shale gas developments in the U.S. have pushed the activities of the survey in the region to increase the market share of produced water treatment. The Middle East and Asia-Pacific markets remain the key development area owing to growing awareness and shortage of fresh water in countries like China and India.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Produced Water Treatment Systems market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence.
Global Produced Water Treatment Systems Market, Key Highlights:
• Global Produced Water Treatment Systems Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Produced Water Treatment Systems Market
• Global Produced Water Treatment Systems Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Produced Water Treatment Systems Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Produced Water Treatment Systems Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Produced Water Treatment Systems Market are also profiled.
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Scope of the Global Produced Water Treatment Systems Market Report: Inquire before buying
Global Produced Water Treatment Systems Market, by Technology
• Primary
• Secondary
• Tertiary
Global Produced Water Treatment Systems Market, by Source
• Crude oil
• Natural Gas
Global Produced Water Treatment Systems Market, by End-Use
• Onshore
• Offshore
Global Produced Water Treatment Systems Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Produced Water Treatment Systems Market
• 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.
• Baker Hughes Ltd.
• Enviro Tech Systems
• Schlumberger Ltd,
• CETCO Oilfield Services
• Ovivo Inc.
• General Electric Company
• Halliburton Energy Services
• Aquatech international.
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