Wednesday, 12 December 2018

Global Produced Water Treatment Systems Market Growing Demand Overview Volume and Value Forecast 2025

December 12, 2018 - According to a report available on Radiant Insights, Inc.; the produced water treatment systems market is expected to expand steadily by 2025.
Strict government regulations about treatment and disposal of produced water, and technological advancements can propel the market during the forecast period (2018 to 2025).

https://www.radiantinsights.com/research/global-produced-water-treatment-systems-market-professional-survey-report-2018?utm_source=Blogger&utm_medium=Social&utm_campaign=Bhagya12Dec&utm_content=RD

Browse full research report :
https://www.radiantinsights.com/research/global-produced-water-treatment-systems-market-professional-survey-report-2018


Increasing demand for oil and gas and rise in extraction process from unconventional sources is considered as the major driving factor for the market. The production of oil and gas from unconventional sources require technologically advanced well completion and stimulation approaches. For example, acidizing and hydraulic fracturing. These procedures require large amount of water. This is expected to boost the market in the coming years. Additionally, strict government guidelines about the environmental impact of produced water disposal, reinjection norms in the petroleum industry can also expected to drive the market in the coming years.

However, higher installation and operational costs may remain a major challenge to the market.
Worldwide produced water treatment systems market can be segmented on the basis of product, application, and region.

As per product, the market can be bifurcated into primary treatment, secondary treatment, and tertiary treatment. Based on application, the market can be categorized into drinking water, industrial water, industrial waste, and other.

Geographically, the market can be divided into North America, China, Europe, Southeast Asia, Japan, and India.

North America is expected to lead the market over the forecast period due to presence of unconventional oil exploration methodologies along with strict implementation of environmental regulations. Development of the U.S. and Canada as a production destination for unconventional sources including tight oil and shale gas can have positive impact on the market.

Southeast Asia and emerging Asian countries such as India and China are likely to show significant growth in the coming years. regulations regarding growing exploration and production (E&P) spending on coal bed methane (CBM) and gas hydrates in Durgapur and Andaman and Nicobar in India, are expected to create more opportunities in the coming years. However, low acceptance rate of technologies in the oil and gas sectors in emerging countries such as Indonesia and India considering the absence of regulations regarding water management in the energy sector is considered as the major challenge for the market participants.

In the Middle East and Africa, demand for onsite services as well as rental systems is on the rise. This bodes well for manufacturers and rental service providers of produced water treatment systems in the region.

Key players operating in the market include Siemens, Enviro-Tech Systems, ROSO Offshore Engineering, CETCO Energy Services, and General Electric.

The market comprises large number of players. The major companies are adopting strategies such as mergers and acquisitions to increase their production. Leading companies in the market are looking for development and use of advanced water treatment technologies.

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For instance, GE Water & Process Technologies recently introduced OnBoard. It offers customizable integrated water treatment solution and service plan for offshore oil and gas producers. This system consists of digital technologies, membranes, chemicals, remote monitoring and diagnostic software, sulfate removal technology and offshore field and process expertise. Choosing the program parameters, which match their unique needs, the offshore oil and gas producers can decrease clean-in-place (CIP) time and reduce the maintenance costs. The InSight APM system is remote monitoring and diagnostic software that allows operator to make better business decisions and reduce unplanned downtime.

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