A blend of inorganic and organic compounds which are produced while oil and gas are extracted is known as produced water. They are produced in huge amounts; as per now, there is no such separation between the produced water and oil management in terms of administrative divisions. Multiple stages of the oil management cater to the produced water management. The produced water consists of some chemical properties of hydrocarbon formations because of its contact with oil and gas, which are also hydrocarbons. This water undergoes a lot of treatment processes so that they can be reused.
The produced water treatment systems market is expected to grow globally. The major positive factor for the growth of the produced water treatment systems market is the growth in the onshore and off-shore resources of oil and gas. As there is a huge demand for oil and gas, the produced water treatment systems market will also grow steadily. The increasing prevalence of fracking or the land gas drilling using hydraulic fracturing also benefits the market. There is a demand for better water treatments in developing countries so that water can be reused which benefits the growth of produced water treatment systems market. The factor that hinders the market growth is high costs of installation and operation.
The produced water treatment systems market is segmented on the basis of the treatment types and regions. Further based on treatment types, the global market is segmented into chemical treatment, membrane treatment, and physical treatment. The prime category of treatment is the physical treatment. The chemical water treatment is further sub-segmented into treatments like electrochemical process, precipitation, and oxidation. The membrane treatment is sub-segmented into the polymeric and inorganic membrane. On the basis of regions, the segmentation is as follows: Asia Pacific, Europe, the Middle East and Africa, and North and South America.
The oil exploration and firm environmental protocols have forced many companies in North America to spend money on the produced water treatment systems market. North America will be leading the global market. The rental systems and onsite services are in great demand in the Middle East and Africa; hence, the rental service providers and manufacturers have high chances to gain benefit by using produced water treatment systems. Treating produced water has become very important in the regions of Asia Pacific as there is a high chance for new oilfields to emerge. Therefore, Asia Pacific will obtain the second highest position in the produced water treatment systems market.
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The key players in the produced water treatment systems market Aker Solutions, Schlumberger Limited, Eco-Tec, FMC Technologies, Inc., Siemens AG, Ovivo, Alderley plc, Veolia, Frames Group, Aquatech International, CETCO Energy Services, Ecosphere Technologies, Inc., ThermoEnergy Corporation, Global Water Engineering, Miox Corporation, and others.