Market Research Future published a research report on “Produced Water Treatment Market Research Report – Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2027.
Produced Water Treatment Market-Overview
Produced water is obtained from oil and gas reservoirs and is passed through a process of treatment to make it suitable for use in various applications. Produced water is emplaced back into the reservoir or disposed to the sea. In any case, the water has to be properly treated owing to tight onshore and offshore discharge regulations which induce the need for produced water treatment. The global Produced Water Treatment Market has gained traction in recent years due to the growing stringency of environmental limits, and Market Research Future (MRFR) perceives impressive growth in the coming review period of 2020-2027.
Produced water is characterized by high salt and hydrocarbon content which renders it necessary to undergo decontamination treatment. Oil and gas reserves generally contain massive volumes of water and oil and gas exploration activities have led to increased demand for produced water treatment. Produced water is considered industrial waste and can adversely affect the life of a well. Due to this, they are subject to various strict regulations defined by various environmental and regulatory agencies.
Produced water management involves significant costs and must be controlled to enhance project economics. Moreover, fresh-water scarcity problems have put relentless pressure on the industry to treat and reuse produced water. Various water-stressed countries are focusing on methods to supplement their limited water resources and are increasingly opting for produced water treatment to channelize the treated produced water into industrial and agricultural uses.
Produced water can potentially provide economic advantages, and the oil & gas industry is beginning to consider it as a potential profit stream. Moreover, multiple oil and gas companies across the globe have implemented ‘zero-discharge’ approach which has provided a boost to the produced water treatment market. Advances in produced water treatment technologies have further paved the way for the expansion of the market.
Siemens AG, CETCO Energy Services, Schlumberger Limited, Alderley plc, and Aker Solutions are the notable players in the produced water treatment market.
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The global produced water treatment market has been segmented based on well type and treatment.
By well type, the produced water treatment market has been segmented into land and offshore.
By treatment, the produced water treatment market has been segmented into chemical, physical, and membrane.
By region, the produced water treatment market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America is the domineering the produced water treatment market, led by the US. The growth of the market can be attributed to the accelerated offshore exploration and production activities in the region. The shale gas exploration in the US, in particular, has provided an impetus to the growth of the market. Moreover, growing concerns regarding water scarcity and increased focus on recycling and reuse have spurred the growth of the North America market. Stringent regulations set by the United States Environmental Protection Agency (USEPA) mandates a maximum discharge of 42 ppm daily oil & grease.
Europe is a significant market for produced water treatment and is driven by stringent government regulations pertaining to water conservation. The European Union adopted the Water Framework Directive (WFD) in 2000 and is committed to zero discharge’ policy to limit water pollution which fosters the growth of the produced water treatment market in Europe.
The APAC produced water treatment market is anticipated to showcase exponential growth over the forecast period. Growing water scarcity in the region coupled with the increased use of recycled water for industrial application is boosting the growth of the market. In Australia, 30 ppm is the permitted offshore discharge limit while in China it is 10 ppm.
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Table of Contents:
- Sand Screen Market Overview
- Manufacturers Profiles
- Sales, Revenue and Market Share By Manufacturer
- Global Sand Screen Market Analysis By Regions
- North America By County
- Europe By County
- Asia-Pacific By Regions
- South America By County
- Middle East And Africa By Countries
- Market Segment by Type
- Global Sand Screen Market Segment by Application
- Market Forecast
- Sales Channel, Distributors, Traders and Dealers
- Research Findings and Conclusion
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