Produced Water Treatment Market Size, Share & Trends Analysis Report By Treatment (Physical Treatment, Chemical Treatment, Biological Treatment), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2024 - 2030

Produced Water Treatment Market Size, Share & Trends Analysis Report By Treatment (Physical Treatment, Chemical Treatment, Biological Treatment), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2024 - 2030

Produced Water Treatment Market Growth & Trends

The global produced water treatment market size is expected to reach USD 13.71 billion by 2030, expanding at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. The technological advancement pertaining to water management in the oil & gas sector with an aim to not only enhance productivity but also ensure environmental protection is expected to have a positive impact on the market. Depleting reserves of crude oil in major OPEC countries including Saudi Arabia and Indonesia owing to rising capital costs in exploration & production (E&P) is expected to force oil companies to invest in alternate sources including tight oil, coalbed methane (CBM) and gas hydrates. This trend is projected to promote the usage of produced water treatment in E&P activities of alternative sources including shale gas and tight oil over the forecast period.

Offshore application segment accounted for 28.5% of the global revenue share in 2022. Numerous companies are focusing on expanding their market share by focusing on offshore applications. For instance, Siemens AG offers Combosep, a primary treatment system for offshore applications. This system comprises flotation units for the removal of total suspended solids and oil droplets.

Produced Water Treatment Market Report Highlights

• On-shore application segment accounted for 71.0% of the global revenue share in 2023. Produced water is a huge waste stream that occurs during onshore oil and gas exploration and production when water is drawn up from the reservoir along with the oil/gas.
• The biological treatment segment is likely to grow at a CAGR of 8.0% over the forecast period. Biological treatment is an efficient and cost-effective approach for treating oil effluent, and it employs both anaerobic and aerobic treatments
• The produced water treatment market in Central & South America is estimated to grow rapidly over the coming years.
• Key service providers operating in the produced water treatment market include Haliburton, GE, Siemens, Weatherford, Veolia, and Baker Hughes. The majority of service providers are located in North America and Europe in light of easy access to consumables and calibration equipment in the vicinity. Over the past few years, the companies including Weatherford and GE have been establishing strategic business units in developing countries including China and India providing the solutions to the upstream oil & gas sector

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