Produced Water Treatment Systems Market

Produced Water Treatment Systems Market Expanding at an estimated 9.1% CAGR over 20152020
PMR’s global produced water treatment systems market report for a five-year forecast period 20152020 indicates that the market registered a value of US$ 4.6 Bn in 2015, and is likely to witness
steady growth by 2016 end.
With rising demand for crude oil and gas, the need for extraction and production has consistently
been on the rise since the past decade. This will remain a key factor propelling the demand for
effective produced water treatment systems globally. Moreover, developing regions are constantly
facing challenges regarding availability of usable water, which is also identified to fuel the market
for better, more efficient, and cost-effective water treatment solutions over the next few years.
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PMR expects increased volumes of produced water generation by 2020 end. In addition, the market
also estimates spiking ratio of oil-to-produced water. These factors are anticipated to collectively
drive the market in the near future.Several governments have been mandating stringent regulatory
measures in order to maintain the environmental impact of reuse and disposal of produced water.
This will continue to escalate the demand for new water treatment systems. Moreover, reinjection
norms of the petroleum industry will continue to boost the market for produced water treatment
systems.
The oil and gas industry is consistently observing rising exploration of accessible on-shore and offshore reserves, which is another important factor foreseen to drive the market growth. Introduction
of new water treatment technologies are predicted to support the market post-2016. However, high
capital costs associated with installation and operation of produced water treatment systems are
likely to remain a barrier to widespread adoption.
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On the basis of technology, secondary and tertiary treatment systems segments are identified to be
the major market shareholders in 2015. However, tertiary treatment systems segment is expected to
emerge faster compared to secondary treatment systems segment. Expanding at an estimated 9.1%
CAGR over 2015-2020, tertiary treatment systems segment is projected to account for the largest
share of the market by 2020 end.
Based on geography, the global produced water treatment systems market is classified into five
regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North
America will continue to be the largest regional market for produced water treatment systems,
attributed to wide acceptance of tertiary treatment technology among end-use sectors. Up from US$
1.73 Bn registered in 2015, North America will witness a CAGR of over 8% during 2015-2020.
Asia Pacific is expected to be the second largest market with a moderate CAGR of 4% estimated
over 2015-2020. Europe and APAC will continue to represent lucrative markets, whereas Latin
America’s market share is poised to rise up by 2020 end.
The global produced water treatment systems market is operated by a number of companies. Some
of the key players analyzed in PMR’s produced water treatment systems market report are Aker
Solutions, Siemens AG, FMC Technologies, Inc., Alderley plc, Frames Group, Veolia, Aquatech
International, CETCO Energy Services, Ovivo, Eco-Tec, ThermoEnergy Corporation, Schlumberger
Limited, Global Water Engineering, Miox Corporation, and Ecosphere Technologies, Inc..
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While Alderley plc is recognized as one of the top companies leading in primary treatment
technologies, Veolia pioneers in off-shore produced water treatment. Aquatech International is
concentrating on low CAPEX and OPEX biological processes, whereas Siemens is focusing solely
on advanced biological wastewater treatment