Produced Water Treatment Market is expected to gain highest growth during the forecast period of 2019 to 2027. Fresh Water Scarcity to Drive Global Produced Water Treatment Market. Produced Water Treatment Market categorized by Well type (Land and Offshore), by Treatment (Chemical, physical and Membrane.) and by Region with Forecast to 2027.
Key Players Analyzed in This Report:
Some of the prominent players in the Produced Water Treatment market include Exxonmobil (U.S), DOW (U.S), Paratherm (U.S), Chevron (U.S), Lanxess (Germany), BASF (Germany), Global Heat Transfer Ltd. (Canada), Huntsman Corporation (U.S), Phillips 66 (U.S), Royal Dutch Shell plc (Netherlands), Schultz Canada Chemicals Ltd. (Canada), Arkema (France), and Radco Industries (U.S).
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Produced Water Treatment Market Overview:
The global produced water treatment market is expected to exhibit rapid growth over the forecast period from 2019 to 2027 on the back of the growing operations of the oil and gas industry and the growing industrial demand for fresh water, according to the latest research report published by Market Research Future (MRFR).
The produced water treatment system is used for the treatment of salty water trapped in the reservoir rock and is brought up along with Oil and Gas during production. The produced water treatment is land and offshore with less requirements for installation. The major application of produced water treatment system are residential complexes and industrial sector. Different technology is used for the treatment of water such as Chemical, physical and Membrane.
The produced water treatment market is mainly driven by the growing demand to remove the impurities and contaminants in produced water and thus obtain clean, nontoxic water that can be released into groundwater sources without any concern. The growing demand for fresh water in industrial applications is also a major driver for the produced water treatment market, as the growing industrial activities in emerging regions have put a strain on the natural water bodies and created a need for alternative sources of clean, uncontaminated water. This is likely to be a major driver for the global produced water treatment market over the forecast period due to the rising industrial activities in developing countries and the rising awareness about the environmental viability of industrial operations.
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.
With economic advancement in emerging nations such as Brazil, the cities are becoming more populated. This has resulted into increasing disposable income, changing lifestyle and increasing health awareness. This has been changing the focus towards consumption of clean drinking water in urban areas and ultimately increased the sales of water filtration and disinfection equipment. Thus, urbanization is expected to increase the adoption of produced water treatment systems especially in emerging nations. The figure below shows the rising urban population over the last three years in the South-Global countries.
Segmentation Analysis
The Produced Water Treatment Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Well Type: Comprises Land and Offshore
Segmentation by Treatment: Comprises Chemical, Physical and Membrane
Segmentation by Region: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Detailed Regional Analysis:
North America is likely to be a dominant entity in the global produced water treatment market over the forecast period due to the presence of several leading industry players in the region as well as a growing general awareness about the importance of conserving fresh water. Industry players in the region are increasingly focusing on making their operations less harmful to the planet, with the use of treated produced water ranking as one of the top options for industry players to make to improve their environmental viability.
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.
Being home to the most populous countries of the world such as China and India among others, the dominance of APAC becomes evident in the global produced water treatment system market value. The market has been experiencing rapid growth in the last two years owing to the increasing industrialization, rising preference towards purified water and government initiatives. Another major reason behind APAC leading the global market is that the countries within this region were able to sustain its economy during the global economic crisis of 2008-09 and have been able to showcase continued growth in water treatment production and sales across the globe.
Table of Contents
1.Executive Summary
2.Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3.Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining Power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
Continued…
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