Produced Water Treatment Systems Market to be at Forefront by 2020 by omkartmr · January 9 Adidas Originals Shoes Ireland , 2019
Development of patented tertiary systems and securing patents to surge ahead from competitors remains the mainstay of players in the global produced water treatment systems market. These initiatives will serve to render product differentiation between product offerings of companies. Expanding their geographical presence also remains on the growth chart of top players such as Schlumberger Water Services, Siemens Water Technology, and Alderley plc.
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Apart from this, vendors in the produced water treatment systems market are vying to offer value-added services on top of core equipment. Vendors of produced water treatment systems are strengthening business partnership with technically strong market participants to deliver end-to-end services. Not only this Cheap Adidas Shoes Ireland , savvy players are offering customized offerings combining treatment systems and rental services for treatment of high salinity water at offshore locations.
As per a business intelligence study by Transparency Market Research (TMR), the global produced water treatment systems market is likely to clock a CAGR of 5.8% between 2017 and 2020 for the market to be worth US$6156.6 mn by the end of 2020. The opportunities in the market stood at US$5198.6 mn in 2017. Technology-wise, gas hydrates and wind aided intensified evaporation treatment systems are likely to be substantially used in the near future.
As Produced Water Reinjection Becomes Customary, Manufacturers of Produced Water Treatment Systems Witness Growth Opportunities
Worldwide Wholesale Adidas Shoes Ireland , stringent government regulations in place and overall scarcity of water have necessitated reinjection of produced water. This factor is serving to open immense opportunities for companies in the produced water treatment systems market.
As per industry estimates, produced water volumes from oil and gas exploration is likely to cross the 340-bn barrel mark by 2020. Produced water from offshore wells during recovery of natural gas is expected to reach 16.98 bn barrels by 2020. This indicates massive opportunities for companies manufacturing product water treatment equipment and support services. Globally, produced water generated during onshore oil recovery is much higher than what is generated during natural gas recovery.
In general, in the early production stage Adidas Shoes Ireland , the number of barrels of produced water is in directly proportional to the barrels of oil produced. The global average water:oil (W:O) ratio has currently reached 4:1, wherein each barrel of oil explored produces four barrels of produced water. This ratio, however, is strongly dependent on location Adidas Gazelle Ireland , age of the well, and oil recovery methods employed. Old wells generally generate higher volume of produced water.
In recent years, in oil exploration, thermal enhanced oil recovery (EOR) Adidas Deerupt Ireland , water flooding, and injection of water-based chemicals have been employed, which requires steam for enhancement of oil recovery. This has resulted in higher volume of produced water that needs to be treated with essential equipment.
The global produced water treatment market can be primarily segmented based on technology, source Adidas Climachill Ireland , end-use, and region. In terms of technology, the produced water treatment market can be classified into primary, secondary Adidas AlphaBounce Ireland , and tertiary. Secondary is a widely used technology for produced water treatment. Based on end-use, the global produced water treatment market can be bifurcated into onshore and offshore. Increase in oil and gas exploration and production activities to meet the demand for energy is propelling the produced water treatment market. Steady rise in prices of oil and gas is creating opportunities for the produced water treatment market. Many countries are investing in offshore oil and gas exploration projects. This is driving the demand for produced water treatment. Demand for produced water treatment has increased in the oil & gas industry due to the rise in investments in shale oil and gas activities. This is also expected to augment the produced water treatment market.
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Oil production in Asia Pacific is predicted to witness robust growth due to the rising number of onshore explorations. Major oil exploration companies are venturing into the region to extract crude oil from unexplored oil fields.
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