Produced Water Treatment Market Opportunities, Trends, Size And Market Share 2016 – 2023 – Credence Research

According to a new market report published by Credence Research “Global Produced Water Treatment Market– Growth, Future Prospects & Competitive Analysis, 2016 – 2023″, the Global Produced Water Treatment Market is expected to reach US$ 9.2 Bn by 2023, expanding at a CAGR of 6.3% during the forecast period 2016 to 2023.

Market Insights

Produced water in oil & gas refers to the water comes out of reservoir during the production of crude oil or gas from the well. Large volumes of water is produced in oil reservoir as compared to gas reservoir. Such water usually contains hydrocarbons and metals. Therefore, needs to be treated before discharge to the surface. Produced water is treated through various methods such as primary separation method, secondary separation method and tertiary separation method. Secondary separation method is widely adopted separation method used for the treatment of produced water.

Browse the full Global Produced Water Treatment Market by Separation Method, Application, Source and Geography – Growth, Future Prospects & Competitive Analysis, 2016 – 2023 report at http://www.credenceresearch.com/report/produced-water-treatment-market

Produced water treatment market is anticipated to gain thrust with growing environmental concerns over water contamination coupled with stringent government regulation regarding disposal and treatment of produced water. Increasing exploration and production of oil & gas with growing demand for fossil fuel as source of energy across the globe is projected to augment the growth of the produced water treatment market over the forecast period. Moreover, increasing exploration of non-conventional shale gas reserves especially during hydraulic fracturing produces large amount for salt water containing six times salts and other hydrocarbons as compared to normal sea water. Thus, disposal of such water is regulated by stringent policies with the focus to avoid contamination of fresh water this in turn is anticipated to drive the demand for produced water treatment during the forecast period (2016-2023). However, water treatment is seen as the additional cost which adds up to per barrel cost of oil production coupled with high cost for the produced water treatment is expected to hamper the growth of produced water treatment market during the forecast period (2016-2023).

Competitive Insights:

Global produced water treatment market is segmented on the basis of separation method, application, source and geography. By separation method, secondary separation method segment is projected to be the most dominant segment owing to wide adoption of secondary methods in treatment of produced water generated during oil production. Among applications, onshore segment was the most dominant segment accounting for more the 60% revenue share of the global produced water treatment market in 2015. Large number of onshore proven oil reserves is anticipated to augment the growth of the segment during the forecast period. Considering source segment, natural gas segment is anticipated to be the fastest growing segment due to increasing exploration of natural gas reserves along with increasing exploration of non-conventional shale gas, coal bed methane is expected to fuel the growth of the segment over the forecast period (2016-2023).

View Samplehttp://www.credenceresearch.com/sample-request/58284

The key players accounts for major share of the global produced water treatment market. Major players are focusing on increasing their market penetration through mergers and acquisitions along with development of new techniques.

Overall, global produced water treatment market is projected to register high growth over the forecast period (2016-2023).

Key Trends:

Merger & Acquisition

New techniques development

Joint ventures and agreements

Investment in research and development

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web:  http://www.credenceresearch.com

Designed by CyFocus.com
Powered by CyFocus.net