Need immediate assistance? Call 1-518-730-0559 (Us-Canada Toll Free) or Contact Us

 

Global Produced Water Treatment Systems Market Key Growth Sectors: Offshore Reinjection and Secondary Treatment Systems

Article Description

At present, North America dominates the global produced water treatment systems market.
According to the Produced Water Society, 65% produced water in the U.S. is added back to the production formation, 5% is discharged to surface waters, and
30% goes to deep saline formations.

The global produced water treatment systems market is driven by the growing unconventional oil and gas production and elevated oil to produced water ratio.
Furthermore, the increasing regulatory standards along with water scarcity are also fueling the global produced water treatment systems market. The trend
of produced water reinjection has become a norm in the petroleum industry. In 2014, around 201.4 billion barrels of produced water were a byproduct from
oil and gas wells around the world. Out of these, 68% were discharged and the rest were re-injected in oil fields, both onshore and offshore.

Key Growth Areas of the Global Produced Water Treatment Systems Market

The global produced water treatment systems market is anticipated to grow at a 6.1% CAGR during the forecast period of 2014-2020. The global produced water
treatment systems market is expected to be worth US$6.2 billion by end of 2020. Produced water volume is anticipated to cross 340 billion barrels by 2020.

  • Offshore Reinjection
    : The offshore reinjection sector in the global produced water treatment systems market is projected to grow at the highest CAGR of 23% during the
    forecast period, followed by onshore reinjection.
  • Secondary Treatment Systems
    : Technology-wise, the global produced water treatment system market is divided into tertiary treatment systems, secondary treatment systems, and
    primary treatment systems. The secondary treatment systems sector dominated the global produced water treatment systems market in 2014 with a
    significant 38.1% share of total market revenue. On the other hand, the tertiary treatment systems segment is expected to emerge as the fastest growing
    sector at a 9.1% CAGR during the forecast period.
  • North America
    : The global produced water treatment systems market is segmented on the basis of geography into North America, Europe, Asia Pacific, and Rest of the
    World. North America dominated the market in 2014 with a substantial 37.1% share. By 2020, the produced water treatment systems market in North America
    is anticipated to be worth US$2.6 billion. Together, Europe and Asia Pacific held a massive 43% market share in 2014, while Latin America held a
    minuscule share. Nevertheless, Latin America is expected to register substantial growth from 2014 to 2020.

The upcoming technologies in the global produced water treatment systems market have to be more personalized and sophisticated to deal with contaminated
water. Technologies such as ultra-filtration, membrane distillation, forward osmosis, and adsorption are expected to emerge as commercially available water
treatment technologies by end of 2020.

Furthermore, the top companies in the global produced water treatment systems market are opting for innovative, patented, and tertiary technologies. Some
of the top companies operating in the global produced water treatment systems market are CETCO Energy Services, Eco-Tech, Siemens AG, Aquatech
International, ThermoEnergy Corporation, Ovivo, Veolia, and Global Water Engineering.

Browse the full Global Produced Water Treatment Systems Market report at http://www.mrrse.com/produced-water-treatment-market