Global Produced Water Treatment Systems Market will rise at CAGR of 6.1% by 2020

Produced water is a blend of organic and inorganic compounds that are produced during the extraction of oil and gas. Produced water is usually generated in large quantities. Currently, there is no separation between oil management and produced water in terms of administrative divisions. There are, however, multiple stages within oil management that cater to the management of produced water.

Global Produced Water Treatment Systems Market to reach US$6.16 bn by 2020; Investments in Produced Water treatment Systems to rise at CAGR of 6.1% by 2020, offshore reinjection is expected to exhibit the fastest CAGR for produced water treatment systems industry

The primary aim of any oil management body is to minimize the amount of water produced in order to reduce the volume of water that is lifted and pumped and consequently reduce the volume of water being treated and disposed. Most conventional oil production scenarios witness an exponential proportion between the amount of oil extracted and the volume of water produced. Unconventional oil production methods show an inverse proportion between oil and water.

This research report on the global produced water treatment market provides descriptive analysis of all the features that drive it as well as the obstacles that it faces currently. The report derives relevant and valuable data from a curated archive and presents it to the user in a format that applies to the current and future trends in the global produced water treatment market. The research is conducted in a segmented manner based on the various types of treatment, including membrane, physical, and others.

The report provides a holistic study of the trends in the global produced water treatment market through the eyes of its top players, regions, and other categories. The report incorporates all the recent developments that have occurred in the global produced water treatment market, along with conclusive applications of top rated research methodologies such as Porter’s five force analysis and SWOT analysis.

Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3957

Overview of the Global Produced Water Treatment Market

The global produced water treatment market is currently expected to grow at a steady rate. One of the major drivers of the global produced water treatment market is the increase in the rate of exploration of on-shore and off-shore oil and gas resources. Extraction procedures have scaled up in terms of number of installations as well as production volume, further propelled by a growing demand for oil and gas on a global level. The global produced water treatment market also benefits from the growing prevalence of fracking, or land gas drilling through the use of hydraulic fracturing. As the production rates of the oil industry increase, so will the demand from the global produced water treatment market.

The market is also propelled by the constantly reducing supply of usable water in developing countries such as India and China, thereby increasing the demand for better water treatment solutions.

The market is, however, restrained by the high installation costs and operation costs. Most top players in the oil and gas industry are concerned about the scaling of water treatment processes with their growing production of oil. They have also expressed concern regarding the high maintenance costs of operating large-scale water treatment equipment.

Regional analysis of the global produced water treatment market reveals North America to have led in the recent past, owing to an increase in oil exploration and tightening government regulations over the release of treated and polluted water in larger water bodies.

Companies Mentioned in the Research Report

The key players in the global produced water treatment market are Siemens, Veolia, Cetco Energy Services, Baker Hughes Inc., Schlumberger, FMC Technologies, Ovivo, Halliburton, GE Water, and Enviro-Tech Systems.

Companies in Produced Water Treatment Systems Market Focusing on Tertiary Patented Products to Steal a March on Competitors, says TMR

Expanding their global footprint and signing strategic cross-border contracts is expected to be the mainstay of companies aiming for global growth in the produced water treatment systems market, finds Transparency Market Research in a new study. Entities such as Schlumberger Water Services, Alderley Plc, and Siemens Water Technology are actively pursuing the development of tertiary patented products to steal a march on the competition. These initiatives will eventually lead to better service and product differentiation, prompting smaller companies to follow suit.

TMR’s projections show that by 2020, produced water volumes will surpass the 340-bn barrel mark. This in indicative of a massive opportunity for companies offering produced water treatment equipment and services.

With Produced Water Reinjection Becoming Customary, Investments in Produced Water Treatment Systems to Rise

Across the world, it is now common practice to reinject produced water given the stringent government regulations at play and the overall scarcity of water. This trend is creating hitherto unexplored opportunities for companies in the produced water treatment systems market. In 2014, while 68% of the 201.4 bn barrels of produced water generated worldwide from oil and gas wells was disposed of, the rest was treated and injected back into oilfields at onshore and offshore locations.

This trend is expected led to a sizeable increase in produced water volume worldwide, reaching 340 bn barrels by 2020. At 23% from 2014 through 2020, offshore reinjection is expected to exhibit the fastest CAGR and will be followed by onshore reinjection.

Besides this high-impact driver, factors such as the rising ratio of oil-to-produced water and an inclination toward unconventional oil exploration are driving investments in produced water treatment systems, observes TMR.

Opportunity for Produced Water Treatment Systems to Touch US$2.6 Bn by 2020 in North America

Produced water treatment systems are expected to account for a market worth US$2.6 bn in North America by 2020. North America is also the clear leader in the global produced water treatment systems market. With crude oil production in North America projected to rise steadily through 2020, the demand for produced water treatment systems in the region is projected to remain strong.

Download the Produced Water Treatment Systems Industry Fact Sheet by 2020 @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3957

With Asia Pacific and Europe trailing North America, the two regions collectively comprised 43% of the global produced water treatment systems market in 2014. The demand for produced water treatment systems in Latin America is expected to grow substantially through the forecasting horizon.

Aging Oil Wells Act as Spur to Development of Highly Efficiency Products and Services

The types of produced water treatment systems can be broadly classified into primary, secondary, and tertiary. Of these, secondary systems generated about 38.6% of the total market revenue in 2012 given the pressing need to cut oil content in produced water.

“However, the growing number of tertiary systems-especially the patented offerings combining the benefits of primary and secondary treatment systems as a bundled or packaged service-will witness strong adoption in the near future. So much so, that securing patents on innovative tertiary systems will lend players a strong edge over their counterparts,” says a TMR analyst. This will consequently lead to tertiary treatment systems displaying a 9.1% CAGR from 2014 and 2020 – the highest among all types of produced water treatment systems.

Produced water treatment systems represented a global market with a valuation of US$3.78 bn in 2012, which will rise to US$6.16 bn by 2020 at a CAGR of 6.1% between 2014 and 2020.