MEA Produced Water Treatment Systems Market Has Been Projected For 30.7% Market Share By 2029 | FMI

The global produced water treatment systems market is set to register a CAGR of 5.8% between 2022 and 2029 in comparison to 2.8% CAGR registered from 2014 to 2021. Rising water scarcity concerns, increased oil and gas activity, and stringent government regulations on produced water discharge are some of the factors driving the global produced water treatment systems market.

The largest volume of wastewater generated during oil and gas recovery operations is produced water. It has a high concentration of both soluble and insoluble particles, such as salt and oil. Hydrocarbons and other suspended particles in produced water are commonly removed using produced water treatment systems.

Through absorption and polishing, tertiary treatment technologies separate produced water from oil. To treat produced water, these technologies combine various technologies. According to FMI, ProSep, Inc. is the industry leader in tertiary treatment technology.

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FMI investigated the manufactured water treatment system market in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

During the forecast period, North America is expected to gain 590 BPS in market share. Despite the fact that all three technologies are widely used in North America, tertiary technology was the largest in terms of market revenue in 2014, accounting for US$ 574 Mn, according to FMI’s analysis. During the forecast period, FMI expects the tertiary technology segment to grow at a double-digit CAGR.

Tertiary technology is more effective than both primary and secondary technology, owing to which it is being widely adopted by end-use industries. The tertiary technology segment of North America is expected to gain a whopping 1310 BPS during the forecast period.

FMI has divided the global produced water treatment systems market into three competitive landscapes: treatment systems, mobile systems and rental services, and commissioning and consulting services. Primary treatment technologies use fundamental techniques such as settling, media filtration, floatation, and biological aerated filtering to separate solids from water. According to FMI research, Alderley plc is one of the dominant players in primary treatment technologies.

The onshore crude oil industry in North America represented 49.14 Bn barrels or nearly 80% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels by the end of 2020.

The Asia Pacific is the second-largest market for produced water treatment systems after North America. The Asia Pacific produced water treatment systems market was worth US$ 960 Mn in 2014; FMI expects it to expand at a CAGR of over 2.8% during the forecast period 2014-2021.

Produced water is the largest volume of wastewater generated during oil and gas recovery operations. It contains high content of soluble and insoluble particles such as salt and oil. Produced water treatment systems are being extensively used for removing hydrocarbons and other suspended particles from this produced water.

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Produced Water Treatment Systems Market By Category

Capacity (thsnd bl/day):

  • Less than 100
  • 100 to 500
  • Above 500

Technology:

  • Primary
  • Secondary
  • Tertiary

Application:

  • On Shore
  • Off Shore