Ever-increasing demand for crude oil will be the primary booster to produced water treatment systems market. A notable factor expected to push the sales of efficient yet cost-effective produced water treatment systems, is scarcity of usable water in developing countries.
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By 2020 end, Persistence Market Research projects hyped volumes of generation of produced water. This, in addition to the growing ratio of oil to produced water, will favor the market for produced water treatment systems in near future.
“The oil and gas sector has been constantly witnessing exploration of available onshore and offshore reserves. This will play a pivotal role in generating the demand for superior produced water treatment systems over the next few years,” says a research analyst from Persistence Market Research.
Government measures regarding the disposal and reuse of produced water will foster the market for advanced produced water treatment systems, complying with the respective environmental impact regulations. However, expensive installation costs and complex operation can pose a longstanding barrier to market growth through 2020 and ahead.
Market analysis based on technology
The report analyzes the produced water treatment systems market by technology, which indicates that secondary and tertiary treatment segments currently hold a majority revenue shares in the market. The market forecast says that tertiary treatment segment will remain the key segment and possibly emerge faster at a CAGR of over 9% during the forecast period.
Market analysis based on region
The report also analyzes the produced water treatment systems market on the basis of geography. Regional analysis reflects clear dominance of North America, primarily due to rapid adoption of tertiary treatment systems by a range of end-user industries. The North American market will also be the fastest growing market with an estimated CAGR of over 8%. Another key market will be Asia Pacific; however, growth of this region is expected to be modest by 2020 end. Europe will also remain a lucrative market for produced water treatment systems providers.
Key players analysis
The report also covers in-depth profiles of some of the key players competing in the global produced water treatment systems market. A few companies include Siemens AG, FMC Technologies, Inc., Aker Solutions, Alderley plc, Aquatech International, Frames Group, Schlumberger Limited, Veolia, CETCO Energy Services, Ovivo, Eco-Tec, Global Water Engineering, Miox Corporation, ThermoEnergy Corporation, and Ecosphere Technologies, Inc.
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Alderley plc is known for its expertise in primary treatment technologies, whereas Veolia specializes in off-shore produced water treatment systems. Aquatech International prioritizes biological processes, while Siemens focuses on advanced biological wastewater treatment.
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