Wilmington, Delaware, United States, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global market for produced water treatment was estimated to have garnered a market valuation around US$ 115.5 billion in 2021. The market is anticipated to register a steady 5% CAGR from 2022 to 2031 and by 2031, the market is likely to gain US$ 187.4 billion.
Mobile Stations offer hopeful prospects for produced water treatment for agricultural Irrigation. The market for water treatment is seeing an increase in the use of adsorption-based technologies. This kind of treatment package makes use of water polishing adsorption filters that are intended to take soluble organics like grease, oil, and fat out of water-based streams. The technique behind the adsorption medium is based on resin, polymer, and clay.
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Businesses are emulating these improvements by combining chemical and physical processes in order to adhere to reuse and discharge restrictions. To enhance the pre-treatment, membrane filtration, and post-treatment phases in a mobile station, they are building a solid research foundation.
Global Produced Water Treatment Market: Key Players
To increase their worldwide footprint, leading businesses in the produced water treatment market are concentrating on strategic alliances, mergers, and acquisitions.
Key innovations and new product launches are the key strategies owned by the key players. Players in the market have begun developing goods with varied health advantages.
The key players in the market are:
- Siemens Energy AG
- Schlumberger Limited
- CETCO Energy Services Company LLC
- TechnipFMC plc
- Halliburton
- Ovivo
- Veolia
- Enviro-Tech Systems
- Suez S.A.
- Sulzer
Some developments by the key players in the global market for produced water treatment are:
- The Egyptian Ministry of Petroleum and Schlumberger announced the opening of the Egypt Upstream Gateway on February 17, 2021, a ground-breaking digital system that would provide access to the nation's subsurface data from anywhere in the world. This is anticipated to strengthen Egypt's E&P within the oil and gas sector and advance the nation's petroleum industry. This is a sign that manufactured water treatment facilities will soon be installed in Egypt.
- In 2020, Siemens Energy partnered up with ECOLOG, a top global provider of integrated technology, services, and environmental solutions, to offer an effective and service-oriented treatment alternative for the wastewater sector. Local industrial wastewater treatment is anticipated as a result of this cooperation.
Key Findings of Market Report
- The market for water treatment is seeing an increase in the use of adsorption-based technologies.
- This kind of treatment package makes use of water polishing adsorption filters that are intended to take soluble organics like oil, grease, and fat out of water-based streams.
- Companies in the produced water treatment industry are leveraging resources that guarantee constant production volume to keep tanks and trucks moving, enhancing the economic effectiveness of reusing the generated water from one wellsite to another.
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Market Trends For Produced Water Treatment
- During the projected period, increased water scarcity and continuous investments in oil and gas development are likely to drive the worldwide produced water treatment market.
- Oil & gas is anticipated to be a very profitable end-use sector of the generated water treatment market globally over the course of the projected period.
- All phases of oil and gas exploration, extraction, and processing include the usage of water. Significant quantities of water may be removed or consumed during operations; the water is then used for drilling, cleaning, and processing.
Global Produced Water Treatment Regional Market Outlook
- In nations where freshwater is scarce, there is a strong need for produced water treatment. Greater issues with water shortage exist in Asia Pacific; as a result, large nations like China and India employ water purification techniques at a pace that is noticeably higher than average.
- Oilfields provide more than 60% of the water that is generated. The produced water treatment market is anticipated to grow significantly throughout the projected period because to the re-injection of recycled generated water in both onshore and offshore activities.
- Freshwater use has dramatically grown as a result of the world's expanding population. Water that has been exposed to oil for a long time is damaging the environment. Freshwater shortages are anticipated to result from this in the near future. Several nations' governments have established rigorous environmental rules, mandating discharge requirements for oil content levels in discharged waterways.
- Oil and gas are propelled upward to the surface by the force of water. The productivity of the process of extracting oil and gas from the well depends on the treatment and reuse of produced water. The increased productivity of the oil and gas industry and strict government regulations to prevent the direct discharge of generated water have led to the introduction of a number of water treatment techniques.
Global Produced Water Treatment Market Segmentation
Treatment Type
- Chemical Treatment
- Reverse Osmosis/Membrane Treatment
- Biological Treatment
- Physical Treatment
- Combined Systems
- Others
Source
- Onshore
- Offshore
- End Use
- Oil & Gas
- Industrial
- Power Generation
- Others
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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