Global Produced Water Treatment Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Produced Water Treatment Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Produced water can be defined as the intensive and complex mixture of organic and inorganic compounds produced plenty while the production of the oil & gas from the reservoir. The quantity of the produced water from the wells various exponentially for the conventional sources of energy like oil and inversely for the unconventional source of energy like coal bead methane gas during the lifetime of the well. This water needs to be treated in order to be disposed or to be reused for the injection purposes. Multiple technologies are present for this treatment like membrane filtration technology, thermal technologies etc. Since produced water often contains oil-coated solids or emulsified oil, the water must be treated to reduce the hydrocarbon content to an acceptable level. The operational process or equipment that cleans the effluent water is referred to as the produced water treatment system.

Market Overview:

The latest research study on the global Produced Water Treatment Systems market finds that the global Produced Water Treatment Systems market reached a value of USD 4445.43 million in 2022. It’s expected that the market will achieve USD 5200.8 million by 2028, exhibiting a CAGR of 2.65% during the forecast period.

Challenges

The demand for oil continues to stay low during the ongoing COVID-19 pandemic. This is causing ripple effects for business activities in the produced water treatment systems market. Oil prices continue to remain low in Europe, the U.S., Germany, France, and Italy. Even stakeholders in India are at loggerheads with increase in petrol price. The global oil and gas industry was a major victim of the COVID-19 pandemic due to a drastic slump in energy demand. Such was the impact of the pandemic on the oil industry. This led to most major oil producing countries such as Saudi Arabia, Russia, Iraq, UAE, etc. resorting to production cuts to stabilise global crude prices. These production cuts still continue. The net result of this downturn for the market was a reduction in demand for produced water treatment systems.
With major manufacturers and suppliers in the produced water treatment systems industry competing at globally, the intensity of competition within the produced water treatment systems industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a produced water treatment systems business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established produced water treatment systems manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry

Region Overview:

From 2023-2028, Middle East and Africa is estimated to witness robust growth prospects.

Company Overview:

Veolia is one of the major players operating in the Produced Water Treatment Systems market, holding a share of 14.44% in 2021.

Veolia Environnement S.A., branded as Veolia, is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management and energy services. Veolia Water Technologies (VWT), a subsidiary of the Veolia group, is the leading specialist in water treatment.

Schlumberger’s story begins with what it truly means to be a technology innovator. Schlumberger’s common sense of purpose unites 82,000 people representing 170 nationalities with products, sales and services in more than 120 countries. Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably. Schlumberger also known as Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management, and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.

Segmentation Overview:

Among different product types, Primary Treatment segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Onshore segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Produced Water Treatment Systems market covered in Chapter 3:

Pentair
Veolia
TechnipFMC
SUEZ Water Technologies & Solutions
Aker Solutions
Alderley
Exterran Corporation
Schlumberger
Siemens AG
Ovivo
CETCO Energy Services
Global Process Systems
Aquatech International
NOV
Frames Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Produced Water Treatment Systems market from 2018 to 2029 is primarily split into:

Primary Treatment
Secondary Treatment
Tertiary Treatment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Produced Water Treatment Systems market from 2018 to 2029 covers:

Onshore
Offshore

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)