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Continued Low in Oil Demand Cause Slowdown in Business Activities amid COVID-19 Crisis

The demand for oil continues to stay low during the ongoing COVID-19 pandemic. This is causing ripple effects for business activities in the produced water treatment market. Oil prices continue to remain low in Europe, the U.S., Germany, France, and Italy. Even stakeholders in India are at loggerheads with increase in petrol price, in an attempt to revive the economy from recession.

Rising petrol prices in India are encouraging individuals to opt for electric vehicles (EVs), which might affect growth of the India produced water treatment market during the upcoming years. As such, COVID-19 vaccines are anticipated to accelerate the global economic recovery and create business opportunities for all stakeholders in the value chain.

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Feasibility of Produced Water Reuse Influences Market Growth

The produced water treatment market is projected to reach the revenue of US$ 187.4 Bn by the end of 2031. However, the feasibility of produced water reuse is largely dependent on the quality of produced water generated, the duration in time of produced water generation and how it declines over time. Wells that produce significant volumes of produced water during initial time period are preferred for reuse due to the logistics involved in storing and transporting the water for reuse.

Companies in the produced water treatment market are tapping sources that ensure continuous volume of produced volume to keep tanks and trucks moving, thus increasing the economic efficiency of reusing the produced water from one wellsite to another.

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Mobile Stations Hold Promising Potentials in Treatment of Produced Water for Agricultural Irrigation

The adsorption-based technology is gaining prominence in the water treatment market. This type of treatment package utilizes water polishing adsorption filters that are specifically designed to remove oil, grease, and soluble organics from water-based streams. The adsorption media is based on polymer, resin, and clay technology.

On the other hand, the Montana oilfield in the U.S. is acquiring recognition for using a mobile station to design a plant that cost efficiently treats the produced water for agricultural irrigation. Companies are taking cues from such innovations to combine physical and chemical treatment in order to comply with reuse and discharge limits. They are gaining a strong research base to improve the stages of pre-treatment, membrane filtration, and post treatment in a mobile station.

Startups Unlock Growth Opportunities with DAF to Gain Proficiency in Oil Removal

Since environmental concerns of disposing off effluents produced by the oil industry are rising, such trends are translating into incremental opportunities for companies in the produced water treatment market. SEM — a British firm that offers wastewater treatment solutions, is gaining popularity for introducing the dissolved air floatation (DAF) technique, which is an alternative clarification process ideal for treating raw water with light particles such as algae or color-causing organics.

The dissolved air floatation method is a well-known sludge thickening process that is proficient in removing oil & grease from produced waters. Companies are increasing their focus in DAF, since it helps to achieve low effluent turbidity than settling.

Membrane Bioreactors Efficiently Remove Total Petroleum Hydrocarbons from Produced Water

Apart from well-known chemical treatments and biological treatments, companies in the produced water treatment market are leveraging growth opportunities in membrane treatment. Ceraflo - a Singaporean scale-up that offers produced water treatments for the oil & gas industry, is utilizing the membrane bioreactor, which uses a submerged hollow fiber in combination with processes such as microfiltration or ultrafiltration in an activated sludge process.

Bioreactors are acquiring widespread application in biological wastewater treatment. Companies in the produced water treatment market are using membrane bioreactors to effectively remove the total petroleum hydrocarbons (TPH) from produced water, resulting in a significant improvement in effluent quality. They are increasing efforts to develop polytetrafluoroethylene (PTFE) hollow fiber membrane systems to treat produced water.

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Analysts’ Viewpoint

A significant drop in West Africa’s unsold crude oil signals that the oil & gas industry will fully recover from the slump caused by the COVID-19 crisis by the end of 2021 or first quarter of 2022. However, the treatment of produced water is carried out with several challenges for major oil companies. This explains why the produced water treatment market is predicted to grow at a modest CAGR of ~5% during the assessment period. Hence, oil companies should follow suite of the Eni Group and Shell for publicizing the adsorption-based technology licensed from CETCO Oilfield Services, which appears to be extremely effective. On the other hand, membrane bioreactors are being customized to meet client needs, and effectively remove solids and oil to meet fracking water standards.

Produced Water Treatment Market: Overview

  • According to Transparency Market Research’s latest research report on the global produced water treatment market for the current period 2020 and the forecast period of 2021 to 2031, rise in water scarcity and ongoing investment in oil & gas exploration are key factors expected to boost the global produced water treatment market during the forecast period
  • In terms of revenue, the global produced water treatment market is estimated to reach US$ 187.4 Bn by 2031, expanding at a CAGR of ~5% during the forecast period. In terms of end use, oil & gas is estimated to be a highly lucrative segment of the global produced water treatment market during the forecast period. Water is used in all stages of oil & gas development, extraction, and processing. Operations may consume water or remove large quantities of water; the water is subsequently utilized for drilling, washing, and processing.

Rise in Water Scarcity: Key Driver of Produced Water Treatment Market

  • Produced water can be described as a mixture of organic and several inorganic components that exist in oil & gas reservoirs. Water produced this way is acidic in nature and needs to be treated before it is discharge into river streams or while employing it for reinjection in oil & gas extraction sites.
  • Usage of freshwater has increased significantly, owing to the ever-growing population across the globe. Prolonged discharge of oil contained water is polluting existing resources. This is expected to lead to scarcity of freshwater in the near future. Governments of several countries have enacted stringent regulations on environment practices by imposing discharge norms regarding oil concentration level in discharged streams.
  • Water acts as a pushing agent for oil & gas (helping oil & gas rise up to the surface). Produced water needs to be treated and reused in order to increase productivity for the process of extraction oil & gas from the well. Various water treatment methods have been introduced owing to an increase in productivity of oil & gas and stringent government norms to control the discharge of produced water directly.
  • Demand for produced water treatment is high in countries experiencing scarcity of freshwater. Asia Pacific experiences greater water scarcity problems; therefore, rate of adoption of water treatment methods is considerably high in major countries, such as China and India, in order to deal with scarcity of water.
  • More than 60% produced water comes from oilfields. Reusing produced water for re-injection in onshore as well as in offshore operations is expected to propel the produced water treatment market during the forecast period.

Stringent Rules and Regulations Globally for Water Treatment

  • Water pollution is increasing due to dispersing polluted water into streams, making them unhealthy to wildlife as well as to the urban population. The European Union proposed a ban on discharge of produced water into the marine environment in order to curb water pollution, which was amended for the year 2020, in order to compel the installation of water treatment plants with every exploration and existing wells.
  • Enactment of rules and regulations for water discharge, along with a rise in of water treatment methods to produce water from oil rigs in various countries is expected to boost the produced water treatment market significantly

Produced Water Treatment Market: Competition Landscape

  • Detailed profiles of companies operating in the global produced water treatment market have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global Produced Water Treatment market are
    • Siemens Energy AG
    • Schlumberger Limited
    • CETCO Energy Services Company LLC
    • TechnipFMC plc
    • Halliburton
    • Ovivo
    • Veolia
    • Enviro-Tech Systems
    • Suez S.A.
    • Sulzer

Produced Water Treatment Market: Strategic Partnerships

  • Prominent companies operating in the global produced water treatment market, such as Siemens AG, Schlumberger Limited and TechnipFMC plc are focusing on strategic partnerships, merger and acquisition activities to expand their global footprint. Other key strategies in the global produced water treatment market are highlighted below:
    • On February 172021, The Egyptian Ministry of Petroleum and Schlumberger announced the launch of the Egypt Upstream Gateway, an innovative digital technology that would enable global access to the country’s subsurface data. This is expected to boost Egypt’s E&P in oil & gas sector and promote the country’s petroleum sector. This is an indicator that there would be deployment of produced water treatment plants across Egypt in the near future.
    • In 2020, ECOLOG, a leading global provider of integrated services, technology, and environmental solutions teamed up with Siemens Energy to provide an efficient and service-oriented treatment option for the wastewater industry. This co-operation is expected to treat industrial wastewater locally.
  • In the global produced water treatment market report, we have discussed individual strategies, followed by company profiles of providers of produced water treatment. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global produced water treatment market.

Produced Water Treatment Market – Scope of the Report

The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global produced water treatment market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global produced water treatment market in order to identify opportunities for stakeholders. The report also provides insightful information about how the global produced water treatment market would expand during the forecast period of 2021 to 2031.

The report offers intricate dynamics about different aspects of the global produced water treatment market, which aids companies operating in the market in making strategic decisions. TMR’s study also elaborates on the significant changes that are anticipated to configure growth of the global produced water treatment market during the forecast period. It also includes key indicator assessment that highlights growth prospects for the global produced water treatment market and estimates statistics related to the market in terms of volume (Million Barrels) and value (US$ Mn).

This study covers detailed segmentation of the global produced water treatment market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global produced water treatment market, wherein various developments, expansions, and winning strategies practiced by these players have been presented in detail.

Key Questions Answered in TMR’s Report on Produced Water Treatment Market

The report provides detailed information about the global produced water treatment market on the basis of a comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the global market and are looking for innovative methods to create a unique benchmark in the global market so as to help them design successful strategies and make target-driven decisions.

  • Which treatment type segment of the global produced water treatment market would emerge as a major revenue generator during the forecast period?
  • Which source segment of the global produced water treatment market would emerge as a major revenue generator during the forecast period?
  • Which end use segment of the global produced water treatment market would emerge as a major revenue generator during the forecast period?
  • How are key market players successfully earning revenues in the global produced water treatment market?
  • What would be the Y-o-Y growth trend of the global produced water treatment market between 2021 and 2031?
  • What are the winning imperatives of leading players operating in the global produced water treatment market?

Research Methodology – Produced Water Treatment Market

The research methodology adopted by analysts for compiling the report on the global produced water treatment market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information obtained and legitimated by market-admissible sources, analysts have offered riveting observations and authentic forecasts of the global produced water treatment market.

During the primary research phase, analysts have interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global produced water treatment market.

For secondary research, analysts have scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global produced water treatment market.

Produced Water Treatment Market – Segmentation

TMR’s research study assesses the global produced water treatment market based on treatment type, source, end use, and region. The report presents extensive market dynamics and progressive trends associated with different segments and how they are influencing growth prospects of the global produced water treatment market.

Treatment Type
  • Chemical Treatment
  • Reverse Osmosis/Membrane Treatment
  • Biological Treatment
  • Physical Treatment
  • Combined Systems
  • Others
Source
  • Onshore
  • Offshore
End Use
  • Oil & Gas
  • Industrial
  • Power Generation
  • Others
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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