Global Produced Water Treatment Systems Market: Snapshot
As reinjection of produced water becomes customary, players in the global produced water treatment systems market witness a wealth of opportunities. In the wake of tightening governmental regulations on the oil and gas industry and overall scarcity of water, topnotch players vie to develop patented tertiary systems and secure patents on innovative systems to gain a strong edge over their competitors. Differentiator product offerings to serve regional markets also remains central to the competitive strategies of key players in the produced water treatment systems market.
In addition, emerging trend of offering customized services bundled as mobile treatment and rental services is likely to aid vendors to gain competitive edge. Considering a number of positive factors, the global produced water treatment systems market is projected to clock a CAGR of 5.8% between 2017 and 2020, says Transparency Market Research (TMR) in a new report.
Manufacturers Vie to obtain Patent of Tertiary Treatment Systems due to their High Value
The global produced water treatment systems market comprises primary, secondary, and tertiary treatment systems. Secondary treatment systems account for the leading revenue contribution to the produced water treatment systems market. Some key secondary treatment technologies include induced gas floatation, degasser and membrane separation.
Primary treatment segment, on the other hand, held significant chunk of market share in the overall market in the recent past. However, primary treatment segment is likely to display a declined growth rate over the forecast period between 2017 and 2020.
However, demand for tertiary treatment systems is pacing up for the segment to display the leading CAGR through 2020. This is because tertiary treatment technologies further separates oil content in produced water. Tertiary treatment systems, especially the patented ones, which comprise a combination of primary and secondary treatment systems offered in a package is likely to revolutionize the produced water treatment systems market.
The increasing trend of patents of tertiary water treatment systems is further arousing the interest of leading companies in the produced water treatment systems market. As differentiator product and service offerings are integral for success in this space, efforts to obtain patent are likely to gather steam in the tertiary water treatment systems segment of the market.
Discovery of New Oilfields to Push Asia Pacific to Second-leading Position
North America, use of unconventional oil exploration methodologies coupled with rigid environmental regulations have compelled companies in the oil and gas industry to adopt produced water treatment systems and services. Vis-à-vis revenue, North America is likely to display the leading CAGR in the produced water treatment systems market through the forecast period.
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.
Asia Pacific, meanwhile, is predicted to display strong demand for produced water treatment systems. The discovery of new oilfields and government mandates for reinjection of produced water is likely to push Asia Pacific to the second-leading position in the overall market by 2020.
Leading companies in the produced water treatment systems market to name are Siemens AG, Alderley plc, FMC Technologies, CETCO Energy Services, MIOX Corporation, Veolia, Ovivo, Schlumberger Limited, and Aker Solutions among others.
Global Produced Water Treatment Systems Market: Overview
The market study on the global produced water treatment systems market examines past and current growth trends to present a near conclusive analysis of the said market for the 2017-2020 forecast period. For the research, 2016 has been considered as the base year and values for 2015 provided for historical reference. The produced water treatment systems market includes an extensive executive summary with a snapshot of key segments under various category. It also analyzes vital market indicators such as demand drivers and restraints that could influence the growth of this market over the aforementioned forecast period.
Included in the report is market attractiveness analysis of key segments that market stakeholders can leverage for growth spaces. The research report provides a holistic assessment of the produced water treatment systems market, wherein revenue estimations are presented in US$ Mn and volume estimations in Kilo tons. The report provides estimations of revenue generated via sales of an array of products over the 2017-2020 forecast timeframe. This aids market stakeholders assess growth avenues and market volatility.
Insights into industry statutes and industry policies for produced water treatment and produced water reinjection for several countries are provided herein. Technological advances and product development for produced water treatment systems are duly considered in the making of the report.
Global Produced Water Treatment Systems Market: Research Methodology
The report is a result of an elaborate research phase. The primary research phase involved the bulk of research efforts which involved reaching out to industry experts and opinion leaders for insightful inputs. It involved obtaining inputs from industry experts regarding growth trends and market dynamics of the produced water treatment systems market over the forecast period.
Secondary research phase involved study of company websites, analysts’ presentation, company websites, annual reports, and online paid databases. Analysts employed triangulation method combining with inputs from industry experts for data validation.
The competitive dashboard of the report identifies and profiles key players in the produced water treatment systems market. The competitive profiling of leading market players help assess their competitive strategies and insights into their market positioning. Included in the report is an elaborate discussion about the changing competitive positioning of key market players that has provided over a timescale. Market share analysis of leading players is also provided to indicate the contribution of these players in the overall market.
Global Produced Water Treatment Systems Market: Market Segmentation
Based on treatment type, primary, secondary and tertiary are the segments into which the produced water treatment systems market is segmented. In terms of source, crude oil and natural gas are the segments into which this market has been bifurcated. The key segments into which the produced water treatment systems market is divided based on geography are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.