Sea water is used in oil and gas exploration and production activities to ease the extraction of oil from a reservoir. With the help of sea water injection pumps, the amount of oil extracted increases almost by three times. The sea water injection pumps are installed at the bottom of a reservoir to push the oil upwards.
Thus, sea water injection pumps are employed in order to attain maximum efficiency and increase productivity of a rig or an oil field. Apart from sea water, these sea water injection pumps are also used to inject other liquids such as brine, produced water, liquid natural gas, water condensate, corrosion inhibitors, and others.
Sea water injection pumps market is expected to be mainly driven by the recovering oil and gas industry, rising investment in offshore oil and gas exploration and production activities. Further, the growing need of recycled water due to scarcity of water is expected to boost the sea water injection pumps market growth over the forecast period.
Millions of barrels of water is produced every day during oil & gas product, which if effectively treated or utilized can be reused for number of applications such as water-flooding and water injection. Over the lifetime of an oil well, the generation of produced water has been increasing every year on a global level.
It is estimated that the global average production of produced water is nearly 210 Mn bbl per day, indicating an annual production of 77 Bn bbl per day. This produced water is injected again in the oil rigs for enhanced efficiency of production, in turn, creating demand space for produced water segment in the global sea water injection pumps market.
A growing demand for better recovery methods and technological advancements such as sea water injection pumps has been a prominent trend among exploration and production companies for offshore as well as onshore application. Thus, the sea water injection pumps market is projected to grow at a healthy pace in forth coming years.
Certain government organizations are proactively engaged in framing norms and policies related to sea water treatment, especially in areas with major onshore and offshore oil & gas exploration activities, such as North America, Africa, South East Asia and MEA regions.
For instance, agencies such as the European Water Association (Europe), India Water Works Association (India), and Environmental Protection Agency (U.S.), among several other government authorities, are proactively engaged in framing policies and regulations related to water treatment for disposal or reuse purposes.
In the U.S., EPA (Environmental Protection Agency) has made it mandatory for industries to treat water before it is disposed out of the facility. Specifications pertaining to maximum permissible contamination levels have been framed in this regard.
Such policies have driven the global sea water injection pumps market North America and Middle East & Africa are estimated to share a majority of revenue generated from sea water injection pumps, whereas countries like India, Australia, China, ASEAN and Latin America countries are expected to show linear growth and are anticipated to create robust growth opportunities moving forward.
Due to sluggish growth of exploration and production in European Union countries, the region is expected to witness nominal growth in the sea water injection pumps market in the forecast period.
Some of the market participants in the global sea water injection pumps market identified across the value chain include:
The sea water injection pumps research report presents a comprehensive assessment of the sea water injection pumps market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The Sea Water Injection Pumps research report provides analysis and information according to market segments and geographies.
The global report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of horse power, the global sea water injection pumps market can be segmented into the following:
On the basis of application, the global sea water injection pumps market can be segmented into the following:
On the basis of end user, the global sea water injection pumps market can be segmented into the following:
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Sea Water Injection Pumps Market
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