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Produced Water Treatment Systems Market

Produced Water Treatment Systems Market

Produced Water Treatment Systems Market

Produced Water Treatment Systems Market by Capacity (Less Than 100, 100 to 500 and Above 500), Technology (Primary, Secondary and Tertiary) & Region - Forecast 2022-2029

Produced Water Treatment Systems Market Outlook – 2022-2029

[235 Pages Report] The global produced water treatment systems market is estimated to be worth around US$ 4.29 Bn in 2022. With rising oil and gas activities across the world, the overall market is projected to grow at a CAGR of 5.8% between 2022 and 2029, surpassing a valuation of US$ 6.38 Bn by 2029.

Attribute

Details

Produced Water Treatment Systems Market Estimated Size in 2022

US$ 4.29 Bn

Produced Water Treatment Systems Market Projected Size in 2029

US$ 6.38 Bn

Produced Water Treatment Systems Market Historical CAGR (2014-2021)

2.8 %

Produced Water Treatment Systems Market Value-Based CAGR (2022-2029)

5.8%

Regionally, North America will continue to lead the produced water treatment systems market, accounting for the largest share of 31.4% in 2022. Presence of leading oil and gas companies, increasing government initiatives and rising oil & gas exploration activities are some of the factors driving the North America produced water treatment systems market.

2014-2020 Produced Water Treatment Systems Market Outlook Compared to 2021-2029 Forecast

The global produced water treatment systems market is set to register a CAGR of 5.8% between 2022 and 2029 in comparison to 2.8% CAGR registered from 2014 to 2021.

Rising concerns regarding water scarcity, increasing oil ang gas activities and implementation of stringent government regulations on produced water discharge are some of the factors driving the global produced water treatment systems market.

Produced water is the largest volume of wastewater generated during oil and gas recovery operations. It contains high content of soluble and insoluble particles such as salt and oil. Produced water treatment systems are being extensively used for removing hydrocarbons and other suspended particles from this produced water.

Heavy employment of produced water treatment systems in upstream oil and gas industry for extracting various particles from produced water is driving the global produced water treatment systems market.

The management of produced water has always been the main focus of oil and gas companies. However rising fuel demand and consumption has escalated the whole scenario. Increasing oil and gas drilling activities across the globe has caused generation of enormous amount of produced wastewater. Various chemicals used during oil and drilling operations also mixes with the water and thus makes it more harmful for environment. As a result, cleaning this produced water becomes crucial.

Similarly, rising environment concerns regarding the discharge of produced water has prompted the government and other regulatory organizations to introduce new policies and regulations. Various regulations are being introduced to stop the disposal of untreated produced water which contains various harmful particles. This in turn is positively impacting the growth of produced water treatment systems market.

The ongoing recovery of oil and gas industry is anticipated to attract more investments over the forecast period. Leading players are continuously introducing energy efficient and ecofriendly products to increase their sales.

Spurred by aforementioned factors, the market volume for produced water treatment systems is set to expand 1.5X through 2029.

How is Water Scarcity and Implementation of Government Regulations Impacting the Produced Water Treatment Systems Market?

During the last few decades, drastic climatic changes and excessive usage of fresh water have resulted water scarcity around world. It has become such as huge concern that some countries aren't even able to provide fresh water to their citizens.

According to the United Nations Children's Fund (UNICEF), if proper steps are not taken, half of the world’s population could be living in areas facing water scarcity by 2025.

Rising concerns regarding water scarcity has put produced water treatment technologies into spotlight. Various new techniques such as use of filters, polymer membrane, reverse osmosis and membrane chemicals are being utilized to produce fresh water from produced water.

Effective management of produced water has become a significant part of the oil & gas business, considering its potential to be a source of fresh water. This is supporting the growth of produced treatment systems market.

Similarly, new regulations are being put into force to encourage the companies towards adopting advanced water treatment technologies.

Government and other regulatory agencies such as European Water Association and Environmental Protection Agency, are proactively engaged in framing policies and regulations to restrict the disposal of untreated produced water.

For instance, in 2019 the New Mexico Governor Lujan Grisham signed, the Produced Water Act to encourage and facilitate the recycling and reuse of produced water by oil and gas producers.

Why is the U.S. Emerging as Lucrative Market for Produced Water Treatment Systems?

“High Penetration of Produced Water Treatment Plants Steering Growth in the U.S.”

As per FMI, the U.S. is projected to experience strong growth in produced water treatment systems market during the forecast period. Growth in the country is driven by rising fuel consumption, penetration of advanced water treatment technologies, increasing oil & gas exploration activities, presence of leading market players and presence of stringent environment regulations.

Rising production of wastewater during upstream oil and gas drilling activities coupled with growing need environmental concerns has brought produced water treatment technologies into forefront. According to a report by Produced Water Treatment and Beneficial Use Information Center, around 21 billion barrels (BBL) of produced water are generated from 900,000 wells each tear in the United States.

To manage this huge quantity of produced water and make it suitable for usage, large number of treatment systems are being employed in upstream oil and gas industry. This is in turn driving the produced water treatment systems market in the U.S.

Increasing investments by the U.S. government for exploring new oil and gas reservoirs will continue to boost the growth of produced water treatment systems market over the forecast period.

Amid rising adoption of produced water treatment systems in oil and gas industry, a market share of over 31.4% has been predicted for North America market, led by the U.S.

What is the Growth Projection for the U.K Produced Water Treatment Systems Market?

“Water Scarcity to Fuel Demand in U.K”

The oil and gas production in United Kingdom has grown considerably over the last few years. Factors such as rapid industrialization and urbanization, rising disposable income and increasing sales of vehicles have created increasing demand for oil and gas products. As a result, government is putting various efforts to increase the country’s production capacity.

New oil and gas exploration projects are being launched to cater to the rising oil consumption. According to the Worldometer, the United Kingdom consumed around 1,583,896 barrels of oil per day in 2016.

Moreover, implementation of stringent regulations on the discharge of harmful produced water in environment is positively impacting the growth of produced water treatment systems market. oil and gas companies are increasingly employing the water treatment systems to cope with these regulations.

Water scarcity has become a serious issue in the U.K. Excessive usage of water and frequent droughts have raised concerns among the government and other regulatory bodies. According to the National Framework for Water Resources, if significant action is not taken, then by 2050, around 3,435 million extra liters of water per day will be needed to address future pressures in England. This is anticipated to provide a huge thrust to produced water treatment systems market in the country.

A market share of 16.1% has been predicted for the Europe produced water treatment systems market, dominated by the U.K. by 2022.

Why is the Demand for Produced Water Treatment Systems Rising in Saudi Arabia?

“Produced Water Treatment Systems Remain Highly Sought After in Upstream Oil and Gas Industry”

Saudi Arabia has become one of the most important regions of the world as far as the production of oil and gas is concerned. The county is rich in oil and gas reserves. Penetration of modern drilling technologies such as hydraulic fracturing has sustainably increased the country’s production capacity.

The country is one of the largest exporters of oil and gas products. According to the Worldometer, Saudi Arabia has proven reserve equitant to 221.2 times its annual consumption and exports around 59% of its total oil production.

However, surge in excessive oil and gas drilling activities across Saudi Arabia is generating enormous quantity of produced water. In order to address this issue, produced water treatment systems are being employed in the upstream oil and gas industry. This is creating significant demand for produced water treatment systems.

Various produced water treatment companies are showing keen interest towards establishing their bases in Saudi Arabia. They are using various tactics such as new introduction of new technologies and low-cost products, to penetrate the attractive market of Saudi Arabia. This will expand the produces water treatment systems market during the forecast period.

Based on the aforementioned factors, a major market share of 30.7% has been projected for the MEA produced water treatment systems market, led by Saudi Arabia in 2022.

Category-wise Insights

By Capacity, Which Segment Will Lead the Market?

“More Convenient Nature of 100-500 Capacity Systems Making Them Ideal for Produced Water Treatment”

In terms of capacity, the global produced water treatment systems market is segmented into less than 100, 100 to 500 and above 500. Among these, 100 to 500 segment is anticipated to experience robust growth during the forecast period.

Several upstream oil and gas companies are employing 100 to 500 capacity water treatment systems due to their convenience as well as better cleaning potential. Adoption of these water systems is projected to boost the growth of produced water treatment systems through 2029.

Why is Tertiary Technology More Preferred for Treating Produced Water?

Effectiveness of Reverse Osmosis Water Filter Systems making Them Standard Technique for Produced Water Treatment

By technology, produced water treatment systems market is segmented into primary, secondary and tertiary. Among these, tertiary segment is anticipated to account for the largest market share by 2029.

Tertiary technology is being increasingly preferred for advanced treatment of produced water in upstream oil and gas industry. Tertiary technologies such as reverse osmosis and coagulations can achieve higher levels of water purification that can make the water safe for reuse in water-intensive processes or even as drinking water.

Reverse osmosis is perhaps one of the most common type of tertiary techniques used for the treatment of produced water, due to its effectiveness in rejecting bacteria, ions and various other particles. It is also used in conjunction with other wastewater treatment methods to achieve more complete removal of impurities.

Which Application of Produced Water Treatment Systems is most Sought-after?

Rising Onshore Oil and Gas Activities Spurring Demand for Better Water Treatment Systems

Based on application, the produced water treatment systems market has been segmented into onshore and offshore. Among these, the onshore segment is projected to account for the majority of revenue share through 2029.

Rising number of onshore oil and gas drilling projects is driving the demand for produced water treatment systems. Onshore oil and gas recovery is less complex and cost effective than offshore. As a result, more focus is being given on extracting oil and gas from onshore reservoirs. This creates huge amount

In order to clean this produced water and utilize it for irrigation purposes, a large number of produced water treatment systems are being employed. Adoption of these better water treatment systems for managing produced water is fueling the growth of produced water treatment systems market.

However, with rising number of offshore exploration projects, the offshore segment is forecast to grow at a strong CAGR over the forecast period.

Competitive Landscape

The produced water treatment systems market is highly competitive in nature. Leading market players are upgrading their product portfolio. Besides this, they have adopted various organic and inorganic strategies such as partnerships, advanced product launches, collaborations and acquisitions to dominate the market. For instance,

  • In March 2021, Heartland Technology partnered with Power-On-Demand, the oil and gas cogeneration solution provider, to deliver innovative, combined power-water solutions to the energy industry that generate cleaner on-site power with reduced greenhouse-gas (GHG) emissions, while providing cost-effective, reliable solutions for produced water disposal and reuse.
  • In May 2016, GE launched a new water treatment technology called ZeeWeed 700B for the offshore oil and gas industry.
  • In November 2021, Ovivo Inc., a global provider of water and wastewater treatment equipment, technology and systems, invested over 25 million US dollars for the construction of a state-of-the-art facility that will produce Cembrane’s unique patented Silicon Carbide flat sheet membranes in the United States.

In July 2020, Veolia Water Technologies launched TERION, a standard single-skid unit which combines single pass reverse osmosis and continuous electrodeionization to produce high-grade deionized water for laboratory, power, and general industry.

Scope Of The Report

Attribute

Details

Forecast Period

2014-2021

Historical Data Available for

2022-2029

Market Analysis

Units for Volume and US$ Mn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia Pacific and Middle East and Africa

Key Countries Covered

US, Canada, Mexico, Brazil, Germany, U.K., France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey , Saudi Arabia and South Africa

Key Segments Covered

Capacity, Technology, Application and Region

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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Produced Water Treatment Systems Market By Category

Capacity (thsnd 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 and Africa

Key Questions Answered in the Report

What is the current produced water treatment systems market valuation?

The produced water treatment systems market is estimated to be worth around US$ 4.29 Bn in 2022.
As per FMI, the produced water treatment systems market is forecast to register a CAGR of 5.8% between 2022 and 2029.
The produced water treatment systems market grew at a CAGR of 2.8% between 2014 and 2021.
Implementation of stringent regulations pertaining to the discharge of produced water, increasing gas & oil activities and introduction of advanced water treatment systems are some of the key trends shaping the growth of produced water treatment systems market.
The North America produced water treatment systems market is anticipated to account for leading share of over 31.4% in 2022.
The produced water treatment systems market in APEC will account for 16.1% by 2022.
Siemens Water Technologies, Alderley plc, Frames, Aker Solutions, Aquatech, Schlumberger, FMC Technologies, Veolia, Cetco, Eco-Tec, Thermoenergy, Ecosphere, MIOX, Ovivo, and Global Water Engineering are some of the leading players operating in the produced water treatment systems market.

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