Global Produced Water Treatment Systems Market Projected To Touch worth US$6156.6 MN by 2020
Report analytically describes factors impacting the growth trajectory of the produced water treatment market in the global scenario.
[USPRwire, Tue Feb 26 2019] In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Produced Water Treatment Systems Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
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The report analytically describes factors impacting the growth trajectory of the produced water treatment market in the global scenario. It encompasses the key market segments vis-à-vis produced water end-use (onshore reinjection, offshore reinjection, and disposal) and produced water treatment system (primary, secondary, and tertiary).
Growth in the global produced water treatment systems market is majorly driven by a significant rise in the production of unconventional oil and gas, escalating oil to produced water ratio, and rising regulatory standards. In addition, the influx of new water treatment systems and technologies introduced by key vendors such as Aker Solutions ASA and MIOX Corporation is also expected to augment the market growth, thereby intensifying the competition further.
Geographically, the report segments the global produced water treatment system market into North America, Europe, Asia Pacific, MEA, and Latin America. Stringent environmental norms govern the disposal of produced water in North America, which made the region a dominant regional segment in the global produced water treatment systems market, followed by MEA and Europe. Tertiary treatment segment leads the market for produced water treatment systems in these regions.
Major economies have come together in a drive to make produced water reinjection mandatory in the petroleum industry. In 2014, the petroleum industry generated 201.4 billion barrels of produced water, out of which close to 136.9 billion barrels were discarded, while 65 billion barrels were re-injected into both onshore as well as offshore oil fields. If the trend continues, the volume of produced water will rise to over 340 billion barrel by 2020.
Key players in the industry include, Siemens AG, FMC Technologies, Aker Solutions ASA, Eco-tec, ThermoEnergy and eco-sphere, Aquatech international, Frames group, Alderley plc, Schlumberger Limited, Veolia, and Cetco Energy Services.
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