The global produced water treatment systems market is projected to clock a CAGR of 5.8% between 2017 and 2020.
Albany, NY -- (SBWIRE) -- 05/16/2018 -- Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled "Produced Water Treatment Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2020" offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Produced Water Treatment Systems market have been elaborated upon in the research report.
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As reinjection of produced water becomes customary, players in the global produced water treatment systems market witness a wealth of opportunities. In the wake of tightening governmental regulations on the oil and gas industry and overall scarcity of water, topnotch players vie to develop patented tertiary systems and secure patents on innovative systems to gain a strong edge over their competitors. Differentiator product offerings to serve regional markets also remains central to the competitive strategies of key players in the produced water treatment systems market.
In addition, emerging trend of offering customized services bundled as mobile treatment and rental services is likely to aid vendors to gain competitive edge. Considering a number of positive factors, the global produced water treatment systems market is projected to clock a CAGR of 5.8% between 2017 and 2020, says Transparency Market Research (TMR) in a new report.
Manufacturers Vie to obtain Patent of Tertiary Treatment Systems due to their High Value
The global produced water treatment systems market comprises primary, secondary, and tertiary treatment systems. Secondary treatment systems account for the leading revenue contribution to the produced water treatment systems market. Some key secondary treatment technologies include induced gas floatation, degasser and membrane separation.
Primary treatment segment, on the other hand, held significant chunk of market share in the overall market in the recent past. However, primary treatment segment is likely to display a declined growth rate over the forecast period between 2017 and 2020.
However, demand for tertiary treatment systems is pacing up for the segment to display the leading CAGR through 2020. This is because tertiary treatment technologies further separates oil content in produced water. Tertiary treatment systems, especially the patented ones, which comprise a combination of primary and secondary treatment systems offered in a package is likely to revolutionize the produced water treatment systems market.
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The increasing trend of patents of tertiary water treatment systems is further arousing the interest of leading companies in the produced water treatment systems market. As differentiator product and service offerings are integral for success in this space, efforts to obtain patent are likely to gather steam in the tertiary water treatment systems segment of the market.
Discovery of New Oilfields to Push Asia Pacific to Second-leading Position
North America, use of unconventional oil exploration methodologies coupled with rigid environmental regulations have compelled companies in the oil and gas industry to adopt produced water treatment systems and services. Vis-à-vis revenue, North America is likely to display the leading CAGR in the produced water treatment systems market through the forecast period.
In the Middle East and Africa, demand for onsite services as well as rental systems is on the rise. This bodes well for manufacturers and rental service providers of produced water treatment systems in the region.
Asia Pacific, meanwhile, is predicted to display strong demand for produced water treatment systems. The discovery of new oilfields and government mandates for reinjection of produced water is likely to push Asia Pacific to the second-leading position in the overall market by 2020.
Leading companies in the produced water treatment systems market to name are Siemens AG, Alderley plc, FMC Technologies, CETCO Energy Services, MIOX Corporation, Veolia, Ovivo, Schlumberger Limited, and Aker Solutions among others.
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