The global produced water treatment systems market is estimated to be worth around US$ 4.29 Bn in 2022. With rising oil and gas activities across the world, the overall market is projected to grow at a CAGR of 5.8% between 2022 and 2029, surpassing a valuation of US$ 6.38 Bn by 2029.
The produced water from the oil and gas industries is cleaned using a large number of produced water treatment systems before being used for irrigation. The adoption of these more efficient water management systems has increased demand for produced water treatment systems.
The carbon brush market is predicted by FMI analysis to expand with a CAGR of 5.4% in the H1 2022 outlook as opposed to 5.7% in H1 2022 projected. The main cause of this change in growth rate is the difficulty that the European war created in transporting and producing oil and gas.
Regionally, North America will continue to lead the produced water treatment systems market, accounting for the largest share of 31.4% in 2022. The presence of leading oil and gas companies, increasing government initiatives and rising oil & gas exploration activities are some of the factors driving the North American produced water treatment systems market.
The global produced water treatment systems market is set to register a CAGR of 5.8% between 2022 and 2029 in comparison to the 2.8% CAGR registered from 2014 to 2021.
Rising concerns regarding water scarcity, increasing oil and gas activities and implementation of stringent government regulations on produced water discharge are some of the factors driving the global produced water treatment systems market.
The market for produced water treatment systems is expected to expand significantly in the United States throughout the forecast period, according to FMI. Rising fuel consumption, the adoption of cutting-edge water treatment technologies, an increase in oil and gas exploration activities, the presence of major market players, and strict environmental regulations all contribute to the country’s growth.
The need for produced water treatment technologies has increased along with the rising production of wastewater from upstream oil and gas drilling activities and environmental concerns. According to a report by Produced Water Treatment and Beneficial Use Information Center, around 21 billion barrels (BBL) of produced water are generated from 900,000 wells each tear in the United States.
Key Players:
- Siemens Water Technologies
- Alderley plc
- Frames
- Aker Solutions
- Aquatech
- Schlumberger
- FMC Technologies
- Veolia
- Cetco
- Eco-Tec
- Thermoenergy
- Ecosphere
- MIX
- Ovivo
- Global Water Engineering.
