As the global stage of oil and gas operations unfolds, the produced water treatment systems market is projected to witness substantial growth. The year 2022 is forecasted to see the market value at approximately US$ 4.29 Billion. Fueled by the surge in oil and gas activities worldwide, this market is set to undergo a robust Compound Annual Growth Rate (CAGR) of 5.8% from 2022 to 2029. The result is an envisioned valuation exceeding US$ 6.38 Billion by 2029.
In-depth assessments and comparative analyses of market dynamics are provided by Future Market Insights. These analyses illuminate the driving forces behind the produced water treatment systems market, a domain chiefly propelled by the escalating count of onshore oil and gas drilling ventures.
Significant volumes of produced water treatment systems are actively employed to cleanse water extracted from the oil and gas industries. This water, once treated, is ingeniously repurposed for irrigation endeavors. The burgeoning demand for produced water treatment systems gains impetus from the adoption of these remarkably efficient water management solutions.
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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:
- 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.
- 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.
- 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.
- 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.
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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)
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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