Produced Water Treatment Systems Market Overview
Global produced water treatment systems market is projected to reach US$6.2 billion by 2020 at an estimated CAGR of 6.1% during the forecast period. Produced water has few chemical characteristics of hydrocarbon formations as it has been in contact with hydrocarbons such as oil & gas. This generated water from oil and gas industry is either reused or disposed of due to stringent water disposal norms. Produced water may consist of water from the reservoir, previously injected water and production enhancement chemicals. Therefore, treatment of such water requires series of treatment processes to ensure quality of treated water.
On the basis of technology, produced water treatment technologies market is segmented as primary treatment systems, secondary treatment systems and tertiary treatment systems. Secondary treatment systems segment dominates the total market accounting around 38.1% of market revenues in 2014. Despite being the smallest segment is 2014, tertiary treatment systems is identified as the fastest growing market during the forecast period with CAGR of 9.1%. Though, primary treatment systems accounts for a significant market share in 2014, it is projected to grow at lower CAGR during the forecast period.
Water treatment technologies such as ultra-filtration (polymer membrane), forward osmosis, membrane distillationand adsorption are likely to emerge as commercially available water treatment technologies by 2020.
As of 2014, North America dominates the market and accounts for around 37.1% of the global market, followed by Asia Pacific and Europe. North America produced water treatment systems market is expected to reach US$2.6 Bn by 2020. In 2014, Europe and Asia Pacific were other major contributors to the total market. These regions together accounted for around 43% of the global market in 2014. Though, Latin America accounted for miniscule share in the total market, it is expected to register a substantial growth rate during the forecast period.
Drivers and Trends
Increasing unconventional oil & gas production, rising oil to produced water ratio, growing regulatory standards and water scarcity are few of the key driving factors of the global produced water treatment systems market. Produced water reinjection is becoming the norm in the petroleum industry. In 2014 alone, 201.4 Bn barrels of produced water were generated from oil and gas wells across the globe. Of these, 68% barrels water was disposed of, and rest was re-injected into oil fields, both onshore and offshore. As resultant, produced water volumes are expected to rise to over 340 Bn barrels by 2020. In addition, offshore reinjection is anticipated to display a fastest CAGR of 23% from 2014 to 2020, followed by onshore reinjection.
The report profiles the key strategies and financial outlook ofSiemens AG, Alderley plc, Frames Group, Aker Solutions, Aquatech International, Schlumberger Limited, FMC Technologies, Inc., Veolia, CETCO Energy Services, Eco-Tec, ThermoEnergy Corporation, Ecosphere Technologies, Inc., Miox Corporation, Ovivo and Global Water Engineering. The report also analyses future market strategies of treatment systems manufacturers to sustain the competition.
The global produced water treatment systems market is expected to witness a significant growth, by registering a robust growth rate of nearly 6.1% between 2014 and 2020. Increasing unconventional oil & gas production, rising oil to produced water ratio, growing regulatory standards and water scarcity are among the prominent factors driving the demand for produced water treatment systems across the globe.
Also, an influx of new treatment system and water treatment technologies by key players such as MIOX Corporation and Aker Solutions ASA is expected to bolster the market growth, thereby increasing competitiveness in the market. Geographically, North America represents a huge market potential followed by MEA and Europe wherein tertiary treatment system holds a significant share.
In this study, we analyze the Global Produced Water Treatment Systems during 2014-2020. We focus on:
Market size and forecast, 2013-2020
Key drivers and developments in produced water treatment systems
Key Trends and Developments of produced water treatment systems primary, secondary and tertiary systems
Key Drivers and developments in particular regions such as North America, Europe, Asia Pacific, MEA and Latin America
Onshore and offshore produced water reinjection and disposal trends in all four regions
Key Segments Covered
Produced Water End-use
Onshore reinjection, offshore reinjection and disposal
Produced Water Treatment Systems
Primary, secondary and tertiary
Key Geographies Covered
North America, Europe, Asia Pacific, MEA and Latin America
Other Key Topics
Onshore and offshore produced water generation, oil:water and gas:water ratios, water treatment technologies, produced water treatment systems
Examples of key CompaniesCovered
Siemens AG, Alderley plc, Frames group, Aker Solutions ASA, Aquatech international, Schlumberger Limited, FMC Technologies, Veolia, Cetco Energy Services, Eco-tec, ThermoEnergy and eco-sphere