In 2022, the market for produced water treatment systems is anticipated to be worth about $4.29 billion. The global market is anticipated to grow at a CAGR of 5.8% between 2022 and 2029, surpassing a valuation of US$ 6.38 Bn by that year due to rising oil and gas activities around the world.
In terms of region, North America will continue to dominate the produced water treatment systems market in 2022, with a share of 31.4%. The market for produced water treatment systems in North America is being driven by the presence of top oil and gas companies, expanding government initiatives, and rising oil and gas exploration activities, among other things.
The dynamics of the produced water treatment systems market, which are primarily subject to growth with an increasing number of onshore oil and gas drilling projects, are projected to be thoroughly evaluated and compared by Future Markets Insights.
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.
Produced water is the largest volume of wastewater generated during oil and gas recovery operations. It contains high content of soluble and insoluble particles such as salt and oil. Produced water treatment systems are being extensively used for removing hydrocarbons and other suspended particles from this produced water.
Key Players:
- Siemens Water Technologies
- Alderley plc
- Frames
- Aker Solutions
- Aquatech
- Schlumberger
- FMC Technologies
- Veolia
- Cetco
- Eco-Tec
- Thermoenergy
- Ecosphere
Produced Water Treatment Systems Market By Category
Capacity (thousand bl/day):
- Less than 100
- 100 to 500
- Above 500
Technology:
- Primary
- Secondary
- Tertiary
Application:
- On Shore
- Off Shore
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- the Middle East and Africa
