Produced Water Treatment Systems Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020
Several prominent nations, in a united effort, have made produced water reinjection mandatory in the global petroleum industry. In 2014, the global petroleum industry produced 201.4 billion barrels of produced water, out of this around 136.9 billion barrels were eliminated, and 65 billion barrels were injected back into both offshore and onshore oil fields. If this market trend continues, it will continue to drive the global produced water treatment systems market substantially. It is expected that, influenced by this trend, the volume of produced water will exceed the mark of 340 billion barrels by 2020.
The moderate growth of the global produced water treatment systems market is expected to provide opportunities for mobile rental system operators. Additionally, it will provide opportunities to firms which rent out the equipment specific to this industry in the foreseeable future.
The report from Future Market Insights (FMI) provides a 360-degree outlook of the geographic segmentation of the global produced water treatment systems market. It segments the global produced water treatment systems market into Europe, North America, MEA, Asia Pacific, and Latin America. At present, North America is leading the global produced water treatment systems market due to the high revenue generated by this region. The North American market contributed about a third of the global produced water treatment systems market revenue in 2013.
It is forecast in the report that the North American produced water treatment systems market will continue its dominance during the forecast period. North America and Europe will thrive in this industry, as result of the mandatory treatment of produced water in these regions.
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The global produced water treatment systems market is segmented into primary, secondary, and tertiary, on the basis of technology. Secondary technology emerged as the leading market sector in 2013. However, tertiary produced water treatment systems are expected to exhibit the fastest CAGR during the forecast period.
According to the report, to deal with the increasingly contaminated produced water, emergent technology in the global produced water treatment systems market needs to evolve to become more sophisticated and customized.
Some of the top companies operating in the global produced water treatment systems market are Siemens AG, Aker Solutions ASA, FMC Technologies, Veolia, Frames Group, eco-sphere, ThermoEnergy, Eco-tech, Cetco Energy Services, Alderley plc, and Cetco Energy Services.
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