Pune, India -- (SBWIRE) -- 09/05/2018 -- Rapidly Growing Oil and Gas Extraction Activity To promote The Growth Of Produced Water Treatment Market
The rapidly growing Oil and gas extraction activity and presence of developed oil and gas field across the world drives the growth of produced water treatment market. The produced water is injected back into the reservoir in order to enhance the recovery operation of the well and maintain the right pressure in the well. In addition, strict environmental rules and regulation on the factors associated with the produced water treatment are contributing to the growth of produced water treatment market. However, the factors like lack of public acceptance and complexity of treatments are restricting the growth of the produced water treatment market. Furthermore, the reuse of produced water, ongoing advancements in the water treatment technologies are anticipated to boost the growth of the produced water treatment market. Moreover, the rising Oil & Gas Operations and the use of produced water for the various industrial as well as domestic applications are projected to create the several opportunities for the produced water treatment market.
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North America region holds the maximum market share in the produced water treatment market
North America region holds the maximum market share in the produced water treatment market. The ongoing shale gas developments and the growing use of produced water in commercial, industrial and agricultural irrigation applications in the U.S is driving the growth of produced water treatment market in the North America region. In addition, Asia Pacific region is the fastest growing region in the produced water treatment owing to the rapidly growing oil and gas extraction activities and the unavailability of serviceable water.
New Research Explores Effective Produced Water Treatment
In August 2018, Unconventional Resources Technology Conference (URTeC) featured a pair of presentations dealing with produced water treatment for reuse, one looking at the Permian and another looking at the Eagle Ford.
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Alexandra Hakala, a geochemist with the National Energy Technology Laboratory's Research and Innovation Center, presented a paper ("Tailoring Treated Brines for Reuse Scenarios") co-written with Madison Wenzlick and Nicholas Siefert. In the paper, a centralized water treatment facility was designed to be capable of managing produced water from oil and gas wells in Texas and Louisiana through conversion into 10-lb brine and pure water, allowing for operators to either reuse the water or sell the brine to industries that need it, such as fertilizer plants.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global produced water treatment market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of produced water treatment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the produced water treatment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the produced water treatment market to understand the present and future trends in this market and formulate their strategies accordingly.
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