Produced Water Treatment Market Size, Share & Industry Analysis, By Location (Onshore, Offshore), By Technology (Physical Treatment, Biological Treatment, Membrane Treatment, Chemical Treatment, Others) and Regional Forecast, 2024-2032

The oil and gas industry is crucial for the global economy. The oil and gas industry is not only responsible for the majority of primary energy generation but also acts as a significant supplier of raw materials for chemical products, which include pharmaceuticals, solvents, fertilizers, pesticides, and plastics. For the sustainable operation of the oil and gas industry, the treatment of produced water plays an important role.

Based on location, the produced water treatment market can be segmented into the onshore and offshore areas. Based on technology, produced water treatment market can be classified as physical treatment, biological treatment, membrane treatment, chemical treatment, and others. Physical treatment includes adsorption, cyclones, and enhanced floatation.

Membrane treatment includes polymeric membranes, inorganic membranes, microfiltration/ultrafiltration, and reverse osmosis and nanofiltration. Thermal technologies include evaporation, multistage flash, multi-effect distillation, vapor compression distillation, freeze/thaw evaporation, and hybrid multi-effect distillation- vapor compression. Chemical treatment processes include chemical precipitation, electrochemical processes, demulsifiers, oxidation processes, etc.

Key Market Driver -

Key Market Driver – Strict rules and regulations regarding treatment of produced water

Key Market Restraint -

Key Market Restraint – Fluctuating crude oil prices

The primary market driver for the global produced water treatment market is the strict rules and regulations regarding the treatment of produced water. The produced water should be treated in such a way that it can be used for non-potable purposes.  An increase in demand for oil and gas in countries, growth in downstream activities and economical extraction of shale gas are expected to influence the produced water treatment market positively. As a result of low and fluctuating crude oil prices, investment in oil and gas has reduced significantly. This acts as a significant restraint for produced water treatment market.

Key Players Covered:

Some of the notable companies in the global produced water treatment market are Frames, ProSep, Schlumberger, Veolia Water Technologies, Pentair, MIOX, Filtra Systems, Ecolab, CDM Smith, Ecosphere Technologies, Inc., EMIT Group, Eco-Tec Inc., Parker Hannifin, Carus Group Inc., and IDE Technologies.

Regional Analysis:

The global produced water treatment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the produced water treatment market. Shale gas exploration and extraction activities have been gaining traction in the USA. The companies have been shifting to frugal, economical and innovative technology to reduce the cost of fracking or extraction of shale gas. Offshore oil exploration and extraction activities are increasing in the USA. The USA also has several old oil wells that require refurbishment, modernization, and upgradation. The upstream and downstream activities have increased in the US. Several new oil and gas pipelines have been proposed in the US. From these trends, it is anticipated to boost the produced water treatment market in North America.

Middle-East and Africa are expected to positively influence the produced water treatment market. Middle-East is the largest exporter of oil and gas in the world. The oil and gas production existing sites in the Middle East are several years old and require regular maintenance activities to avoid downtime. Some of these sites require refurbishment, upgradation, and modernization to operate at the highest efficiency. The oil and gas reserves in the African region have been untapped and unexplored. The oil and gas exploration and extraction activities in the ocean water surrounding the African continent have been gaining traction. Asia-Pacific will play a significant role in the produced water treatment market.

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The oil and gas activities in India, China, Southeast Asia, etc. have been gaining traction in the coming years. Several long-distance pipelines form Middle-East countries to the Indian subcontinent region have been proposed in recent years. Europe is a significant region for the produced water treatment market. The oil and gas sites in the UK, Norway, Russia, etc. require regular maintenance, and some sites require modernization, upgradation & refurbishment. Long-distance gas pipelines from Russia to European countries transport natural gas. Oil and gas exploration activities are going on in Europe. Global rules and regulations regarding treatment of the produced water have boosted the produced water treatment market.  

Segmentation

Key Industry Developments

• In May 2019, The U.S. Department of Energy’s (DOE) Office of Fossil Energy announced up to $5 million in federal funding for cost-shared research and development (R&D) projects under the funding opportunity announcement (FOA) DE-FOA-0002004, Low Cost, Efficient Treatment Technologies for Produced Water.


• In August 2019, Cavitation Technologies has announced its completion of successful trials of its Low Pressure Nano Reactors (LPN’s) for produced water treatment.