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Produced Water Treatment Market By Application (Onshore, Offshore), By Separation Method (Primary Separation, Secondary Separation, Tertiary Separation), By Source (Natural Gas, Crude Oil) - Growth, Future Prospects & Competitive Analysis, 2016-2023

Produced water in oil and gas refers to the water that comes out of the reservoir during the production of crude oil or gas from the well. Large volumes of water are produced in oil reservoirs as compared to gas reservoirs. Such water usually contains hydrocarbons and metals.

Therefore, it needs to be treated before being discharged to the surface. Produced water is treated through various methods, such as the primary separation method, the secondary separation method, and the tertiary separation method. The secondary separation method is a widely adopted separation method used for the treatment of produced water.

The produced water treatment market is anticipated to gain thrust with growing environmental concerns over water contamination coupled with stringent government regulations regarding the disposal and treatment of produced water. Increasing oil and gas exploration and production, as well as rising demand for fossil fuel as a source of energy around the world, are expected to drive the growth of the produced water treatment market over the forecast period.

Moreover, increasing exploration of non-conventional shale gas reserves, especially during hydraulic fracturing, produces large amounts of salt water containing six times the amount of salt and other hydrocarbons as compared to normal seawater. Thus, disposal of such water is regulated by stringent policies with the focus on avoiding contamination of fresh water, which in turn is anticipated to drive the demand for produced water treatment during the forecast period (2016–2023).

However, water treatment is seen as an additional cost that adds up to the per barrel cost of oil production, which, coupled with the high cost of produced water treatment, is expected to hamper the growth of the produced water treatment market during the forecast period (2016-2023).

North America is expected to be the largest region in the global produced water treatment market owing to stringent regulation regarding water treatment along with increasing exploration of non-conventional shale gas in the region, which is expected to drive the demand for produced water treatment during the forecast period.

Asia Pacific is anticipated to grow at a significant rate as water scarcity in the region is expected to influence the government to adopt stringent regulations to make water treatment mandatory, which in turn is projected to fuel the demand for water treatment technologies over the forecast period (2016-2023).

The global produced water treatment market is expected to be worth US$ 5.7 billion by the end of 2016 and to grow at a CAGR of 6.3% from 2016 to 2023.

Purpose of the Report

The purpose of this strategic research study titled "Global Produced Water Treatment Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global produced water treatment market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Water treatment system manufacturer
  • Oil and Gas Exploration and Production Companies
  • Research Institutes

On the basis of applications, the global market for water treatment technologies is categorized into the following types:

  • Onshore
  • Offshore

The global market for produced water treatment technologies can be divided into two categories: onshore and offshore.

By application, the onshore segment was the largest segment in 2015. A high number of proven onshore reserves, especially in regions such as the Middle East and Africa, and other regions of the globe, is driving the growth of the segment. Offshore is anticipated to be the fastest-growing segment.

The segment's growth is aided by increased non-conventional shale gas exploration and production activities in the United States and Canada, as well as rising deepwater drilling in the United States Gulf of Mexico, which is expected to fuel the segment's growth. The segment is projected to gain significant market share by 2023.

The global produced water treatment market is classified into the following types based on separation method:

  • Primary Separation
  • Secondary Separation
  • Tertiary Separation

The global produced water treatment market can be divided into three segments based on separation method: primary separation method, secondary separation method, and tertiary separation method.

Among all methods, the secondary separation method segment was the largest in 2015. Wide adoption of secondary methods in the treatment of produced water generated during oil production is expected to drive the demand for the segment during the forecast period (2016–2023).

The tertiary separation segment is anticipated to be the fastest-growing segment due to the growing popularity of tertiary methods for water treatment coupled with stringent government regulations regarding the disposal of produced water. The segment is anticipated to gain a significant share of the global produced water market by 2023. The secondary separation segment is expected to grow at a moderate rate during the forecast period (2016–2023).

The global produced water treatment market is classified into the following types based on the source:

  • Crude Oil
  • Natural Gas

On the basis of source, the global produced water treatment market can be segmented into crude oil and natural gas.Among sources, crude oil was the largest segment in 2015.

Increasing exploration and production of crude oil, along with a high number of proven reserves, especially in the Middle East, Africa, and other regions of the globe, is expected to drive the growth of the segment. The segment is expected to maintain its dominance and is projected to grow moderately during the forecast period.

The natural gas segment is anticipated to be the fastest growing segment due to increasing non-conventional shale gas exploration coupled with increasing deep water and ultra-deepwater drilling activities in North America, which are anticipated to drive the growth of the segment.

Furthermore, the growing preference for natural gas as an energy source, particularly in gas-based economies, is influencing demand for natural gas, which in turn will stimulate the exploration and production of natural gas reservoirs, resulting in an increase in the production of produced water. This, in turn, is projected to fuel the segment's growth. The segment is anticipated to gain significant market share by 2023.

Geographically, the global produced water treatment market is divided into the following categories:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • rest of Latin America
  • Middle East and Africa (MEA)
  • GCC
  • rest of MEA

Geographically, the global produced water treatment market is divided. North America is expected to be the world's largest market for produced water treatment.

The growth of the region is due to increasing shale gas, tight oil, and coal bed methane exploration and production in the region with stringent government regulations, which is expected to drive the market during the forecast period.

Asia Pacific is expected to witness the fastest growth during the forecast period due to increasing shale gas exploration and highly proven shale gas reserves in China, along with the implementation of regulatory policies such as the First Shale Gas Policy and the Hydrocarbon Exploration Licensing Policy (HELP) in India. Water scarcity in the region is expected to drive demand for produced water technologies.

Latin America and Europe are projected to register steady growth over the forecast period owing to increasing exploration and production of oil reserves coupled with regulatory support, which is projected to drive the produced water treatment market.

Frequently Asked Question:

The market for Produced Water Treatment Market is expected to reach USD$ 9.2 Bn in 2023.

The Produced Water Treatment Market is expected to see significant CAGR growth over the coming years, at 6.3%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

SAP SE, IBM Corporation, Oracle Corporation, Google Inc.. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Dec 2016
Category:  Oil & Gas
Report ID:   58284
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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