Global Produced Water Treatment Market to Reach $14.6 Billion by 2030
The global market for Produced Water Treatment estimated at US$10.2 Billion in the year 2023, is expected to reach US$14.6 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2023-2030. Secondary Separation Technology, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$6 Billion by the end of the analysis period. Growth in the Primary Separation Technology segment is estimated at 4.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 8.3% CAGR
The Produced Water Treatment market in the U.S. is estimated at US$2.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook