Produced water is a
mixture of large amount of organic as well as inorganic compounds
produced during the process of oil and gas extraction. There is no
separate division in the management of oil and water produced. There
are various areas of the management of water during oil and gas
production. The aims of the produced water management are to minimize
the volume of produced water, lifting and pumping the water, its
treatment and disposal. Quantity of the produced water of in the
production of conventional energy sources such as oils and gas is
exponentially proportional.
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Research Report of Produced Water Treatment Market :
While for the
unconventional source, amount of produced water is inversely
proportional. Produced water treatment market can be segmented as
on-shore and off-shore based on the application. Based on the
treatment types, the global produced water market can be segmented as
chemical, physical, membrane and others.
Growing exploration
and extraction of oil & gas across the world is expected to drive
the produced water treatment market. Global energy demand is driving
the oil & gas industry. Furthermore, increasing prevalence of the
land gas drilling and hydraulic fracturing across the globe is
expected to drive the market. Increasing exploration and discovery of
shale gas in the U.S. is driving the global oil and gas production at
a significant rate. Unconventional sights and sources of the oil and
gas are adding to the production capacity and ultimately increasing
the production across the globe. Furthermore, concern such as water
shortage in the developing countries such as China is boosting the
produced water treatment market. Produced water contains various
contaminations and need to be treated before releasing them or
reusing them. As oil and gas production increases the amount of water
needed increase and hence the need to treatment of the produced water
is increasing with the significant growth rate. In addition,
increasing environmental concerns and regulations imposed by the
governmental agencies is further expected to fuel the market.
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However, high cost
of plant set up and operational cost is expected to hamper the market
growth. There are concerns with the end-users about high maintenance
cost and down time of the operation, which would have adverse effect
on the total cost. Resource and energy conservations strategies that
will help in reducing energy consumption of the oil production plant
would provide immense opportunities for the players in the market.
North America
emerged as the largest market for the produced water treatment. Oil
and gas production has been huge in the region and discovery of shale
gas has boosted the North America energy industry. Furthermore,
environmental regulations are imposing stricter regulations on the
polluted water to be released in the environment. Asia Pacific was
the second largest market with China contributing highest to the
demand. Europe is expected to grow at a moderate growth rate. Rest of
the World that includes Middle East is expected to grow at a
significant rate during the forecast period.
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Global produced
water treatment market is moderately consolidated with major players
having presence across the value chain. Major players such as
Halliburton and Schlumberger provide integrated solutions for oil and
gas production companies. Key players in produced water treatment
market include Enviro-Tech Systems, GE Water, Halliburton, Ovivo, FMC
Technologies, Schlumberger, Baker Hughes Inc., Cetco Energy Services,
Veolia, Siemens, Weatherford and Suez Environment.
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