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 s