The global produced water treatment systems market is expected to be worth approximately US$ 4.29 billion. With rising oil and gas activity around the world, the overall market is expected to grow at a 5.8 % CAGR between 2022 and 2029, surpassing a valuation of US$ 6.38 billion by 2029.
FMI has divided the global produced water treatment systems market into three competitive landscapes: treatment systems, mobile systems and rental services, and commissioning and consulting services. Primary treatment technologies use fundamental techniques such as settling, media filtration, floatation, and biological aerated filtering to separate solids from water. According to FMI research, Alderley plc is one of the dominant players in primary treatment technologies.
Induced gas floatation, degassing, and membrane separation are examples of secondary treatment methods. Twin Filter BV is the market leader in secondary treatment technology.
Tertiary treatment technologies separate oil from produced water through absorption and polishing. These technologies use a combination of technologies to treat produced water. ProSep, Inc. is the dominant player in tertiary treatment technology, according to FMI.
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FMI examined the market for manufactured water treatment systems in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
North America is expected to gain 590 BPS in market share during the forecast period. According to FMI’s analysis, despite the fact that all three technologies are widely used in North America, tertiary technology was the largest in terms of market revenue in 2014, accounting for US$ 574 Mn. FMI anticipates that the tertiary technology segment will grow at a double-digit CAGR during the forecast period.
Tertiary technology is more effective than both primary and secondary technology, owing to which it is being widely adopted by end-use industries. The tertiary technology segment of North America is expected to gain a whopping 1310 BPS during the forecast period.
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The onshore crude oil industry in North America represented 49.14 Bn barrels or nearly 80% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels by the end of 2020.
The Asia Pacific is the second-largest market for produced water treatment systems after North America. The Asia Pacific produced water treatment systems market was worth US$ 960 Mn in 2014; FMI expects it to expand at a CAGR of over 2.8% during the forecast period 2014-2021.
Produced water is the largest volume of wastewater generated during oil and gas recovery operations. It contains high content of soluble and insoluble particles such as salt and oil. Produced water treatment systems are being extensively used for removing hydrocarbons and other suspended particles from this produced water.
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Produced Water Treatment Systems Market By Category
Capacity (thsnd bl/day):
- Less than 100
- 100 to 500
- Above 500
Technology:
- Primary
- Secondary
- Tertiary
Application:
- On Shore
- Off Shore
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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Competitive Landscape
Leading players in the treatment systems include Siemens Water Technologies, Alderley plc, Frames, Aker Solutions, Aquatech, Schlumberger, FMC Technologies, Veolia, Chetco, Eco-Tec, Thermoenergy, Ecosphere, MIOX, Ovivo, and Global Water Engineering.
Most of these companies are focusing on their USP to consolidate their position in the market. For example, Siemens is focusing on advanced biological wastewater treatment, whereas Aquatech is pushing low CAPEX and OPEX biological processes. Aker Solutions is aiming to appeal to end-use industries by providing end to end engineering solutions, whereas Veolia is known for its offshore produced water expertise.
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