The global Produced Water Treatment industry to grow at a CAGR of 5.40% during the period 2017-2021.
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Produced Water Treatment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Complete report on the Produced Water Treatment Market Research Report spread across 65 pages, profiling 23 companies with table of content is now available at www.reportsnreports.com/contacts/discount.aspx?name=1134874 .
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The following companies as the key players in the global produced water treatment market: CETCO Energy Services, Schlumberger, Siemens, Veolia, and Weatherford.
Other Prominent Vendors in the market are: Aker Solutions, Alderley, Aquatech International, atg UV Technology, Baker Hughes, DPS Global, Ecosphere Technologies, Exterran, FMC Technologies, Frames, Genesis Water Technologies, IDE Technologies, Opus, Ovivo, ProSep, South Water, SUEZ, and ThermoEnergy.
The latest trend gaining momentum in the market is advances in produced water treatment technology. The increase in global oil and gas demand has put pressure on oil-producing nations to increase their production.
Well stimulation techniques such as hydraulic fracturing are being used extensively to increase crude oil production. Hydraulic fracturing requires large volumes of water to be injected into the wells.
This causes an increase in the volume of produced water from the same oil well. Challenges in the treatment of produced water mainly relate to its high salinity and contaminants such as heavy metals that are present in the produced water.
Innovations in produced water treatment technologies are, therefore, constantly needed in the oil and gas industry.
According to the report, one of the major drivers for this market is rising demand for oil and gas. According to the US EIA, global liquid fuel consumption grew at a rate of 1.23% during 2007-2016.
Global liquid fuel consumption stood at 96.47 mbpd in 2016 compared with 86.43 mbpd in 2007. As per the US EIA, the US was the leader in global liquid fuel consumption in 2016 with a total consumption of 19.63 mbpd, followed by China and India with 12.44 mbpd and 4.46 mbpd liquid fuel consumption, respectively.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one of the major factors hindering the growth of this market is Corrosion in produced water storage tanks and pipelines. Produced water from oil and gas wells has high salinity, which is extremely corrosive in nature.
The global average volume of water produced in oil wells is approximately three times the volume of oil produced from the same well. This leads to the need to store and treat the produced water as it cannot be discharged directly, without treatment.
However, the highly corrosive nature of produced water, owing to its high salinity, can lead to internal corrosion in the steel storage tanks, which may result in the storage tanks becoming damaged and unusable. Produced water may contain hydrocarbons, salts, and benzene, which are detrimental to the soil below the storage tanks.
Corrosion may cause a leak in storage tanks, leading to the seepage of the produced water into the soil and into surface water streams or shallow water tables, which cater to the groundwater needs of the people, vegetation, and wildlife in the vicinity.
This report covers the present scenario and the growth prospects of the global produced water treatment market for 2017-2021. To calculate the market size, the report considers the new installations and services.
Produced water in the oil and gas industry is the water that is produced along with the crude oil and natural gas from petroleum wells. Petroleum reservoirs often contain water along with the liquid and gas hydrocarbons and this water is usually present below the zone of hydrocarbons.
Water is the largest by-product obtained during oil and gas production and contains foreign materials such as grease and salt.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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