A new market research report by Transparency Market Research, titled “Produced Water Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” projects that the global produced water treatment market will expand at a steady rate during the period 2014 to 2020. The report points out the key factors impacting the growth of the market and assesses the size and valuation of the market during the forecast period. The market has been studied on the basis of types of treatment and regions. The report further profiles some of the leading players operating in the global produced water treatment market.
Produced water contains a blend of inorganic and organic compounds and is produced during the extraction of oil and gas. In terms of administrative divisions, there is no separation between produced water and oil management. However, multiple stages within oil management cater to the management of produced water. Oil production companies try to reduce the amount of water produced during extraction as higher amount of produced water needs to be consequently treated and disposed. Conventional oil production techniques result in a large amount of produced water.
An increase in the rate of exploration of on-shore and off-shore oil and gas resources has boosted the growth of the global produced water treatment market. The growing prevalence of fracking or land gas drilling through hydraulic fracturing has further augmented the growth of the market.
In terms of types of treatment, the report segments the global produced water treatment market into physical treatment, membrane treatment, and others. The report analyzes the demand for each of the treatment types during the forecast horizon.
The report studies the global produced water treatment market across some of the key geographic segments such as Asia Pacific, North America, Europe, and Rest of the World. An increase in oil exploration and stringent government regulations regarding the release of treated and polluted water in larger water bodies have fuelled the demand for produced water treatment in North America. During the forecast period, the Asia Pacific produced water treatment market is expected to grow rapidly owing to a constantly reducing supply of usable water, especially across countries such as China and India.
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Describing the competitive landscape, the report profiles some of the major players operating in the global produced water treatment market. These players include Weatherford, Siemens, Suez Environment, Veolia, Baker Hughes Inc., GE Water, Cetco Energy Services, Schlumberger, Ovivo, FMC Technologies, Halliburton, and Enviro-Tech Systems. Detailed information about the players including their product portfolio, financial overview, revenue, and recent developments has been included in the report.
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