Produced Water Treatment Market Size & Growth Analysis to 2030

The global produced water treatment market is projected to grow at a CAGR of over 5% market during the forecast period 2020-2027. Growing demand for energy is fueling the demand for various energy sources such as fossil fuels, nuclear, hydro, renewable, and other energy sources. Fossil fuels cater to a large segment of the global energy requirement across various applications including transportation, electricity generation, and others. Thus, with increasing exploration and production of crude oil and natural gas, the production water generated during the production of crude oil and natural gas is also increasing, which is, in turn, is driving the necessity for produced water treatment.

Furthermore, growing environmental concerns is urging governments to bring in stringent regulations for the treatment of water produced from reservoirs. The amount of produced water generated from mature reserves is relatively higher as compared to new reserves. A growing number of matured reserves is another factor fueling the demand for the produced water treatment as a large amount of produced water is generated from matured a reserve which in turn is driving the need for produced water treatment. Thus, a growing number of matured reserves along with stringent regulation for the treatment of produced water is anticipated to propel the demand for produced water treatment over the forecast period.

Increasing production of non-conventional shale gas, tight oil, coal bed methane resources along with increasing ultra deep-water drilling activities uses a large amount of water. Advanced enhanced oil recovery techniques including hydraulic fracturing, pressure pumping requires a large amount of water successively increasing the generation of produced water. Thus, anticipated to fuel the demand for the produced water treatment over the forecast period. However, produced water treatment imposes an additional cost to the oil producers. Therefore, volatility in crude oil prices and operational complexity are factors discouraging the growth of produced water treatment market.

Market Segment Insights:

The global produced water treatment market for the purpose of this study is studied for the separation method, applications, and source. Primary, secondary, and tertiary separation methods are the prime produced water treatments considered in separation method segmentation. On the other hand, onshore and offshore are the application areas of produced water treatment. On the basis of source, the produced water treatment market is segmented into natural gas and crude oil industries.

Global Produced Water Treatment Market Segmentation:

By Separation Method, 2018–2027 ($ Million)

• Primary Separation
• Secondary Separation
• Tertiary Separation

By Application, 2018–2027 ($ Million)

• Onshore
• Offshore

By Source, 2018–2027 ($ Million)

• Natural Gas
• Crude Oil

By Geography, 2018-2027 ($ Million)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global produced water treatment market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, North America currently dominates the global produced water treatment market, with United States being the largest country-level market. Increasing exploration of shale gas coupled with stringent government regulations is the factor that predominantly drives the North America produced water treatment market. On the other hand, Asia Pacific is anticipated to be the fastest-growing market for produced water treatment. Water scarcity in the region along with growing exploration and production of fossil fuel reservoirs are the most prominent market drivers in the region.

Market Competition Assessment:

The major players currently operating in the global produced water treatment market Siemens AG, Aker Solutions, 212 Resources, Ostara Nutrient Recovery Technologies, Alderley plc., and others.

List of Key Companies:

• Siemens AG.
• Aker Solutions
• 212 Resources
• Ostara Nutrient Recovery Technologies
• Alderley plc.
• Schlumberger Limited
• CETCO Energy Services
• Veolia Water Technologies
• Suez
• ITT Corporation
• GE Water

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Key Questions Answered by Produced Water Treatment Market Report

• Global produced water treatment market forecasts from 2020-2027
• Regional produced water treatment market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
• Produced Water Treatment submarket forecasts from 2020-2027 covering the market by separation method, by application, by source, and geography
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to produced water treatment market
• Analysis of the key factors driving and restraining the growth of the global, regional and country level produced water treatment markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the produced water treatment market