Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.14 Billion | USD 16.10 Billion | 8.00% | 2023 |
The global produced water treatment market size was worth around USD 8.14 billion in 2023 and is predicted to grow to around USD 16.10 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.00% between 2024 and 2032.
The report covers a forecast and an analysis for the produced water treatment market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
Produced water can be termed as the water generated along with oil and gas as a by-product. The produced water generally tends to be in the gaseous or liquid state. This water is a mixture of organic and inorganic compounds that are produced from the oil and gas wells. Due to its acidic nature, the produced water needs to be treated before reinjection into water bodies. The produced water’s acidic nature is due to the presence of various chemical compounds, such as benzene, ethyl-benzene, toluene, xylene, and poly-aromatic hydrocarbons. The treated water is re-injected to escalate the yield from oil wells. Some water treatment procedures include thermal technology, membrane technology, physical separation, etc.
The study includes drivers and restraints for the produced water treatment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the produced water treatment market on a global level.
In order to give the users of this report a comprehensive view of the produced water treatment market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research& development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.
The produced water treatment is experiencing a high growth rate for water recycling purposes globally. Treatment methods differ according to disposal purposes. The rising demand for oil and gas industry is likely to propel the expansion of the produced water treatment market in the upcoming years. In addition, the rise in the number of land gas drilling activities is projected to further accelerate the produced water treatment market growth in the future. Furthermore, the stringent government regulations and norms regarding the ecological effect of produced water disposal and reinjection measures and formulations in the oil and gas sector are also anticipated to positively impact the produced water treatment market. However, the operational complexity involved in generating produced water might hamper the market’s growth in the future.
The study provides a decisive view of the produced water treatment market by segmenting the market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By type, the produced water treatment market includes primary separation, secondary separation, and tertiary separation.
By application, this market is bifurcated into offshore and onshore.
Report Attributes | Report Details |
---|---|
Report Name | Produced Water Treatment Market Research Report |
Market Size in 2023 | USD 8.14 Billion |
Market Forecast in 2032 | USD 16.10 Billion |
Growth Rate | CAGR of 8.00% |
Number of Pages | 110 |
Key Companies Covered | Aker Solutions, CETCO Energy Services, Schlumberger Limited, Ecosphere Technologies Inc., Thermo Energy Corporation, FMC Technologies Inc., Veolia, Frames Group, Aquatech International, Alderley PLC, Eco-Tec, Ovivo, Siemens AG, Global Water Engineering, Miox Corporation, and among others. |
Segments Covered | By Type, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American region is anticipated to register the highest rate of growth in the global produced water treatment market in the upcoming years, owing to an increased number of offshore sea exploration and production activities across the region. Moreover, the emergence of the U.S. and Canada as oil and shale gas production destinations is projected to further boost this regional market. The Asia Pacific produced water treatment market is predicted to offer significant growth opportunities in the in the upcoming years, due to the rising demand for freshwater and the growing scarcity of freshwater resources.
Some major players of the produced water treatment market include:
Global Produced Water Treatment Market: Type Analysis
Global Produced Water Treatment Market: Application Analysis
Global Produced Water Treatment Market: Regional Analysis
FrequentlyAsked Questions
Produced water can be termed as the water generated along with oil and gas as a by-product. The produced water generally tends to be in the gaseous or liquid state. This water is a mixture of organic and inorganic compounds that are produced from the oil and gas wells.
According to study, the Produced Water Treatment Market size was worth around USD 8.14 billion in 2023 and is predicted to grow to around USD 16.10 billion by 2032.
The CAGR value of Produced Water Treatment Market is expected to be around 8.00% during 2024-2032.
North America has been leading the Produced Water Treatment Market and is anticipated to continue on the dominant position in the years to come.
The Produced Water Treatment Market is led by players like Aker Solutions, CETCO Energy Services, Schlumberger Limited, Ecosphere Technologies Inc., Thermo Energy Corporation, FMC Technologies Inc., Veolia, Frames Group, Aquatech International, Alderley PLC, Eco-Tec, Ovivo, Siemens AG, Global Water Engineering, Miox Corporation, and among others.
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