In 2022, the global market for produced water treatment systems is expected to be worth US$ 4.29 billion . With increased global oil and gas activity, 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.
Increased oil and gas production, rising water scarcity concerns, and stringent government regulations on produced water discharge are just a few of the factors driving the global market for produced water treatment systems.
Produced water makes up the majority of the wastewater produced during oil and gas recovery operations. It has a high concentration of both soluble and insoluble particles, such as salt and oil. Hydrocarbons and other suspended particles in produced water are commonly removed using produced water treatment systems.
Request a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb–86
Through absorption and polishing, tertiary treatment technologies separate produced water from oil. To treat produced water, these technologies combine various technologies. According to FMI, ProSep, Inc. is the industry leader in tertiary treatment technology.
FMI investigated the manufactured water treatment system market in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
During the forecast period, North America is expected to gain 590 BPS in market share. 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 Million, according to FMI’s analysis. During the forecast period, FMI expects the tertiary technology segment to grow at a double-digit CAGR.
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.
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.
The onshore crude oil industry in North America represented 49.14 Billion barrels or nearly 80% of produced water in 2012. FMI expects this to reach 116.29 Billion barrels by the end of 2020.
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.
Competitive Landscape
The produced water treatment systems market is highly competitive in nature. Leading market players are upgrading their product portfolio. Besides this, they have adopted various organic and inorganic strategies such as partnerships, advanced product launches, collaborations and acquisitions to dominate the market. For instance,
- In March 2021, Heartland Technology partnered with Power-On-Demand, the oil and gas cogeneration solution provider, to deliver innovative, combined power-water solutions to the energy industry that generate cleaner on-site power with reduced greenhouse-gas (GHG) emissions, while providing cost-effective, reliable solutions for produced water disposal and reuse.
- In May 2016, GE launched a new water treatment technology called ZeeWeed 700B for the offshore oil and gas industry.
- In November 2021, Ovivo Inc., a global provider of water and wastewater treatment equipment, technology and systems, invested over 25 million US dollars for the construction of a state-of-the-art facility that will produce Cembrane’s unique patented Silicon Carbide flat sheet membranes in the United States.
Before Buying, Visit for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb–86
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
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com