The trajectory of the produced water treatment systems market is set for sustained growth, projecting a significant Compound Annual Growth Rate (CAGR) of 5.8% from 2022 to 2029, ultimately culminating in a valuation surpassing US$ 6.38 billion. Currently valued at approximately US$ 4.29 billion in 2022, this substantial market surge is primarily propelled by the escalating global activities in the oil and gas sector.

A pivotal force behind this remarkable growth is the prominent role played by North America, emerging as a regional leader in the dynamic landscape of produced water treatment systems. In 2022, North America is poised to dominate with the largest market share, constituting an impressive 31.4%. Several factors contribute to the region’s preeminence in this sector.

Foremost among these factors is North America’s robust ecosystem of leading oil and gas enterprises, positioning it as a focal point for industry innovation and substantial investments. These companies actively engage in advancing produced water treatment technologies, driven by a commitment to addressing environmental concerns and adhering to increasingly stringent regulatory requirements.

Decode The Numbers: Request Sample Report And Uncover Hidden Opportunities. https://www.futuremarketinsights.com/reports/sample/rep-gb–86 

The global market for produced water treatment systems is being driven by a combination of factors, including the escalation of government regulations pertaining to the discharge of produced water and the growing concerns about water scarcity.

Among the various tertiary treatment methods available for produced water, reverse osmosis stands out due to its remarkable efficiency in removing bacteria, ions, and a diverse range of particles.

Furthermore, the implementation of rigorous regulations aimed at curbing the environmentally harmful release of produced water has exerted a positive influence on the expansion of the produced water treatment systems market. As a response to these regulations, oil and gas companies are increasingly adopting water treatment systems to align with compliance requirements.

Key Observations:

  • Robust Adoption of Produced Water Treatment Facilities Driving Growth in the US
  • Increasing Water Scarcity Driving Demand in the UK
  • Produced Water Treatment Systems in High Demand Across Upstream Oil and Gas Sector
  • Compact 100-500 Capacity Systems Gaining Popularity for Produced Water Treatment
  • Prominence of Reverse Osmosis Water Filter Systems Establishing Them as Standard Method for Produced Water Treatment
  • Elevated Onshore Oil and Gas Operations Boosting Demand for Enhanced Water Treatment Systems

Competitive Scenario:

The landscape of the produced water treatment systems market is marked by intense competition, with leading players actively enhancing their product offerings. These companies have adopted a mix of organic and inorganic strategies, including partnerships, advanced product launches, collaborations, and acquisitions, to establish dominance in the market. Notable instances include:

  1. Heartland Technology’s Collaboration with Power-On-Demand: In March 2021, Heartland Technology partnered with Power-On-Demand, a provider of oil and gas cogeneration solutions. This collaboration aimed to deliver innovative power-water solutions to the energy industry, generating cleaner on-site power with reduced greenhouse gas emissions. This partnership also offered cost-effective solutions for produced water disposal and reuse.
  2. GE’s Introduction of ZeeWeed 700B: In May 2016, GE unveiled a novel water treatment technology called ZeeWeed 700B, tailored for the offshore oil and gas industry. This technology contributed to enhanced water treatment capabilities for offshore operations.
  3. Ovivo Inc.’s Investment in Silicon Carbide Membranes: In November 2021, Ovivo Inc., a global water and wastewater treatment solutions provider, invested over $25 million to establish a cutting-edge facility in the United States. The facility was dedicated to producing Cembrane’s patented Silicon Carbide flat sheet membranes, reinforcing advanced water treatment technologies.
  4. Veolia Water Technologies’ Launch of TERION: In July 2020, Veolia Water Technologies introduced TERION, a standard single-skid unit combining single-pass reverse osmosis and continuous electro-deionization. This innovation aimed to produce high-grade deionized water catering to laboratory, power, and general industrial needs.

Thrive In A Digital Age With Our Transformative Solutions. Buy Now And Lead The Digital Revolution: https://www.futuremarketinsights.com/checkout/86 

Key Industry Leaders:

  • Siemens Water Technologies
  • Alderley plc
  • Frames
  • Aker Solutions
  • Aquatech
  • Schlumberger
  • FMC Technologies
  • Veolia
  • Cetco
  • Eco-Tec
  • Thermoenergy
  • Ecosphere
  • MIOX
  • Ovivo
  • Global Water Engineering

Market Segmentation:

Capacity (thousand 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 & Africa (MEA)

Navigate Change: Get Personalized Reports Enabling Swift Adaptation To Shifting Regional Segments. https://www.futuremarketinsights.com/customization-available/rep-gb–86

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Leave a comment

Your email address will not be published. Required fields are marked *