Title: Produced Water Treatment Systems Market Overview
1Produced Water Treatment Systems Market worth
US6.2 Bn by 2020
Report Id REP-GB86 Status Publish Category
Energy, Mining, Oil, and Gas
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4Produced Water Treatment Systems Analysis
- Future Market Insights (FMI) announces the
release of its new research report titled Global
Produced Water Treatment Systems Market Analysis
and Opportunity Assessment 20142020". FMI
forecasts that growth in the global produced
water treatment systems market will open up
opportunities for mobile rental system operators
and companies that rent out equipment specific to
this industry in the near future. This report
provides a detailed collation of market data, and
offers a snapshot of 2013 market conditions. - According to this report, the market for produced
water treatment systems is estimated to grow at a
robust CAGR of 6.1 during the forecast period. - Offering some insight into the geographical
distribution of the market, Abhishek S. said,
North America is the dominant regional segment
in the global produced water treatment systems
market, thanks largelyto the high revenue
generated by the U.S.The North American market
accounts forover one-third of the global market.
- North Americas share in the global market is
expected to increase during the forecast
period.Markets in Asia Pacific and Europeare also
expected to expand during the forecast period.
5Produced Water Treatment Systems Analysis
- Stringent environmental norms governing the
disposal of produced watering North America are
responsible for the dominant market share of this
region. Treatment of produced water is mandatory
in North America and Europe, resulting in these
regions accounting for higher market shares
compared to others. - Produced water reinjection is becoming the norm
in the petroleum industry. In 2014 alone, 201.4
billion barrels of produced water were generated
from oil and gas wells across the globe. Of
these, 136.9 Bn barrels were disposed of, and
over 65Bn barrels were re-injected into oil
fields, both onshore and offshore. - Request Sample of Report with Table of Contents
and Figures _at_ https//www.futuremarketinsights.com
/reports/sample/rep-gb--86 - As oil wells become older, oil production begins
to drop and more produced water is re-injected to
help sustain production, Abhishek stated,
adding, Produced water volumes are expected to
rise to over 340Bn barrels by 2020. Reinjection
of produced water, in both onshore and offshore
wells, is expected to grow at a double-digit CAGR
from 2014 to 2020.Consequently, American oil
wells, most of which are old, will be the prime
drivers of the market till 2020. -
6Produced Water Treatment Systems Analysis
- Three types of technology are used in produced
water treatment systems primary, secondary and
tertiary. Of these, the secondary treatment
systems held the dominant share in the market in
2013. However, tertiary treatment systems are
expected to grow at the fastest CAGR during the
forecast period. The technology used to treat
saline produced water generated offshore will
also emerge as a strong contender in the near
future. - The emergent technology in the produced water
treatment systems market will have to be more
sophisticated, or customized to deal with
produced water that is more contaminated.
Consequently, the leading players in the global
produced water treatment systems market are
opting for patented, tertiary and innovative
technologies. This is a key trend likely to drive
growth of the global produced water treatment
systems market.
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