PMR’s global produced water treatment systems market report for a five-year forecast period 2015-2020 indicates that the market registered a value of US$ 4.6 Bn in 2015, and is likely to witness steady growth by 2016 end.
With rising demand for crude oil and gas, the need for extraction and production has consistently been on the rise since the past decade. This will remain a key factor propelling the demand for effective produced water treatment systems globally. Moreover, developing regions are constantly facing challenges regarding availability of usable water, which is also identified to fuel the market for better, more efficient, and cost-effective water treatment solutions over the next few years.
Based on geography, the global produced water treatment systems market is classified into five regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America will continue to be the largest regional market for produced water treatment systems, attributed to wide acceptance of tertiary treatment technology among end-use sectors. Up from US$ 1.73 Bn registered in 2015, North America will witness a CAGR of over 8% during 2015-2020. Asia Pacific is expected to be the second largest market with a moderate CAGR of 4% estimated over 2015-2020. Europe and APAC will continue to represent lucrative markets, whereas Latin America’s market share is poised to rise up by 2020 end.
The global produced water treatment systems market is operated by a number of companies. Some of the key players analyzed in PMR’s produced water treatment systems market report are Aker Solutions, Siemens AG, FMC Technologies, Inc., Alderley plc, Frames Group, Veolia, Aquatech International, CETCO Energy Services, Ovivo, Eco-Tec, ThermoEnergy Corporation, Schlumberger Limited, Global Water Engineering, Miox Corporation, and Ecosphere Technologies, Inc..
While Alderley plc is recognized as one of the top companies leading in primary treatment technologies, Veolia pioneers in off-shore produced water treatment. Aquatech International is concentrating on low CAPEX and OPEX biological processes, whereas Siemens is focusing solely on advanced biological wastewater treatment.
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