Produced water comes out of oil or gas reservoir as part of the production process. Oil reservoirs often contain large volumes of water, while gas reservoirs typically have smaller quantities. Some of the impurities or substances that are likely to be found in produced water include: grease, sand, oil, wax, scales, dissolved salts, CO2 (carbon dioxide), various metals and more. Some common treatment techniques user for produced water treatment are filtration, cyclonic separation, flotation, and evaporation. Factors such as the increasingly stringent environmental regulations, the use of produced water for industrial purposes along with advancement in water treatment technologies are boosting the growth of the global Produced Water Treatment market. The Global Produced Water Treatment Market was valued at USD 6.2 Billion in 2018 and is projected to reach USD 10.4 Billion by 2026, growing at a CAGR of 7.14% from 2019 to 2026. Factors such as the operational complexity of treating produced water are restraining the growth of the market.
The regional analysis of Produced Water Treatment Services Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to the continuous and large increment in the U.S. exploration and production activities. The new and unconventional hydrocarbon recovery and its growth are important reasons for the growth of the treatment services market. North America has the highest market share because of stringent environmental regulations in the region. Factors such as favorable government infrastructure policy and growth in the service sector in the region.
Major market player included in this report are:
- Baker Hughes Incorporation
- Enviro-Tech Systems
- Fmc Technologies Inc.
- General Electric
- Halliburton Company
- Mineral Technologies Inc
- Ovivo Water Ltd.
- Schlumberger Ltd.
- Siemens Ag
- Weatherford International Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Primary Treatment
- Secondary Treatment
- Tertiary Treatment
- Other Treatment
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year – 2016, 2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Produced Water Treatment Services Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers