Market Definition:
Produced Water Treatment is basically the leftover highly saline water that is typically trapped in the reservoir rock minerals during the extraction of oil and gas from the underground. It contains impurities such as metals and hydrocarbons which needs to be filtered and treated before using it for any other applications or to be discharged to surface water. Various government such as local and state-level as well as other agencies have imposed regulations governing the process, treatment and re-use of the produced water to limit the impact on the environment as well as public. The primary aim of the oil and gas operator is to use a low-cost disposal option to discharge produced water to the surface and must meet with the limits set by regulators. Certain minor parameter must be set such as specific constituents of concern such as ammonia or barium that can be toxic to sensitive animal and plant-life. Some of these parameters can be broadly classified such as Total Dissolved Solids (TDS) or Sodium Adsorption Ratio (SAR) that can affect several aspects of the environment. Various techniques are being used to treat processed water through chemical treatments and phase separation.
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Market Growth and Analysis:
Lower disposal costs, increasing in the advancements in water treatment technologies, growing number of environmental regulations are some of the factors that would drive the growth of produced water treatment market. In addition, to the growing number of mature fields and re-use of produced water for daily operations across industries would in turn boost the produced water treatment market to a certain extent. Challenges in the integrating the system on to the existing infrastructure, accurate quantification of produced water and operational complexity of treating produced water are expected to hinder the growth of the produced water treatment market. In addition, to the challenges such as acceptance amongst the public and configuration of the operation in the optimal level would pose a threat in the coming years.
Market Segment:
The global Produced Water Treatment market can be segmented on the basis of mode of separation, application and region. On the basis of mode of separation, the global Produced Water Treatment market can be segmented into onshore and offshore. On the basis of application, the Produced Water Treatment market can be segmented into primary, secondary, tertiary and Others On the basis of region, the global Produced Water Treatment market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America. North America produced water treatment market accounts for the largest share of the total market and Asia-pacific Produced Water Treatment market is expected to gain higher traction during the forecast period.
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Market Key players:
Some of the key players in the global Produced Water Treatment market include Fmc Technologies Inc.,Baker Hughes Incorporation, Enviro-Tech Systems, General Electric, Halliburton Company, Mineral Technologies Inc., Ovivo Water Ltd., Schlumberger Ltd., Siemens Ag, Suez Environnement Group, Veolia Environnement, Weatherford International Ltd. and Schlumberger Ltd. among others.
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