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Produced Water Treatment Market Global Trend Overview and 2024 Forecast

The technological advancement pertaining to water management in the oil & gas sector with an aim to not only enhance productivity but also as ensure environment protection is expected to have a positive impact on the market. The Global Produced Water Treatment Market is expected to reach USD 9.79 billion by 2024, according to a new report by Grand View Research, Inc.


Depleting reserves of crude oil in major OPEC countries including Saudi Arabia and Indonesia owing to rising capital costs in exploration & production (E&P) is expected to force oil companies to invest in alternate sources including tight oil, coalbed methane (CBM) and gas hydrates. This trend is projected to promote the usage of produced water treatment in E&P activities of alternative sources including shale gas and tight oil over the forecast period.

Offshore application is projected to account for 28.9% of total industry share by 2024. Numerous companies are focusing on expanding their market share by focusing on offshore applications. For instance, Siemens AG offers Combosep, a primary treatment system for offshore applications. This system comprises flotation units for removal of total suspended solids and oil droplets.

Primary separation technology was valued at USD 1.62 billion in 2015 and is projected to have a high market potential in hydraulic fracturing in light of increasing importance of separation equipment in hydrocyclone and corrugated plate separators.

To Know More About Produced Water Treatment Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/produced-water-treatment-market

Europe generated a revenue of USD 1.12 billion in 2015 and is expected to witness significant gains in light of increasing E&P spending for natural gas in the Barents Sea, (Norway) and Sakhalin fields (Russia).

Top Players of Produced Water Treatment Market:

Key service providers operating in the market include Haliburton, GE, Siemens, Weatherford, Veolia, and Baker Hughes.

Market Segmentation of Produced Water Treatment Market:

The Global Produced Water Treatment Market segmented by Production Source, Application, And Region.

By Production Source:

    Crude oil
    Natural gas

By Technology:

    Primary Separation
    Secondary Separation
    Tertiary Separation

By Application:

    Onshore
    Offshore

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa (MEA)

Inquire about Produced Water Treatment Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1224
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