Produced water is a concentrated and intricate blend of a huge amount of organic and inorganic compounds. These compounds are obtained in abundance during the production of oil and gas in the petroleum industry.
Albany, NY -- (SBWIRE) -- 09/02/2015 -- The global produced water treatment systems market is expected to grow at a CAGR of 6.1% from 2014 to 2020. The details are given in a research report titled "Global Produced Water Treatment Systems Market Analysis & Opportunity Assessment, 2014 – 2020". The report, which is for sale on MRRSE's website, follows key players and market trends in the global produced water treatment systems market to formulate essential strategies for further development and expansion in it.
The report states that the primary growth factor in the global produced water treatment systems market is the deepening regulatory focus on water reinjection. The petroleum industry now has a mandate for the reinjection of produced water from petroleum extraction and refinement. As an example, the report states that the global petroleum industry, in 2014, released 65 billion barrels back into oil fields, both offshore and onshore. The year had seen a production of 201.4 billion barrels, of which 136.9 barrels were eliminated.
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The report estimates that if this trend is followed, there will be 340 billion barrels of produced water by 2020.
Other growth factors that currently influence the global produced water treatment systems market include the overall increase in production of unconventional oil and gas and a widening ratio of produced water to oil. The report also explains the advancements in water treatment systems in terms of proprietary technologies implemented by key market players in the global produced water treatment systems market, namely by MIOX Corporation and Aker Solutions ASA.
The list of top companies described in the report includes Cetco Energy Services, Veolia, Schlumberger Limited, Alderley Plc., Frames Group, Aquatech International, ThermoEnergy and eco-sphere, Eco-tec, Aker Solutions ASA, FMC Technologies, and Siemens AG.
Citations used in the report include those given by the U.S. Department of Energy's Argonne National Laboratory, which shows almost 21 billion barrels of produced water per year. By the end of the report's forecast period, this statistic is expected to rise up to over 50 billion barrels per year.
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The geographical overview of the global produced water treatment systems market as stated in the report reveals North America as the dominant force for 2014. The region has shown substantial developments in the global produced water treatment systems market owing to extremely stringent government regulations employed. The region is followed by the MEA and Europe in terms of market share. All leading regions have made major use of tertiary treatment methods in the global produced water treatment systems market. Other regions elaborated in the report include Asia Pacific and Latin America.
The report segregates the global produced water treatment systems market using water end-use and the system for produced water treatment implemented. The former includes disposal, offshore reinjection, and onshore reinjection, while the latter includes primary, secondary, and tertiary systems.
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