Produced Water Treatment Systems Market 2012 Trends, Research, Analysis and Review Forecast 2020

Environmental Mandates will Drive Investments in Produced Water Treatment Systems

TMR forecasts that the global produced water treatment systems market is on pace to exhibit a 6.1% CAGR from 2014 through 2020, by which year the market’s valuation will be US$6.2 bn. The grip of environmental agencies is tightening on the oil and gas industry and this presents a large opportunity for companies providing produced water treatment systems and services.

As competition intensifies in the wake of growing demand for treating produced water, product differentiation and securing patents on innovative technologies will be central to the competitive strategies of key players. However, companies will have to prioritize their growth in keeping with the prevailing trends in regional markets, recommends TMR. Packages for mobile treatment and rental services is an emerging trend in the market.

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Produced Water Treatment Systems Revenue to Show Fastest Growth in North America

In North America, unconventional oil exploration and the rigid regulatory environment have compelled companies in the oil and gas sector to spend more on produced water treatment services and systems. The CAGR (in terms of revenue) of the produced water treatment systems market in North America will be the highest through the forecast period. In the Middle East and Africa, the demand for both rental systems and onsite services is on the rise. This factor opens a window of opportunity for manufacturers and rental service providers of produced water treatment systems in MEA.

The dynamics in Asia Pacific, on the other hand, vary slightly. The demand for treating produced water is expected to remain strong and given the emergence of new oilfields in the region, Asia Pacific will climb to the second highest position globally by 2020.

Spending on Tertiary Water Treatment Systems to Rise Rapidly Through 2020

The global produced water treatment technologies market is composed of primary, secondary, and tertiary treatment systems. The highest revenue contribution to the produced water treatment systems market came from secondary treatment systems in 2014 with the segment representing 38.1% of all market revenues in that year.

Although tertiary treatment systems stood as the smallest segment in 2014, it is expected to grow the fastest. TMR expects the tertiary treatment systems market to log a 9.1% CAGR through the forecast period of the report. On the other hand, despite holding a significant share in the pie in 2014, primary treatment systems will log a lower CAGR from 2014 through 2020, says TMR.

The dynamics of the market will change further after 2020, predicts TMR, as the wide-scale commercialization of technologies such as forward osmosis and ultra-filtration (using polymer membrane) becomes a global reality.

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Flurry of Patent Development Activity Expected as Competitors Vie for Higher Revenues

The development of patents in tertiary water treatment segments is a trend that’s catching the interest of several leading companies. With product and service differentiation being integral to success in this space, a flurry of patent-related activity is expected to be reported in the tertiary water treatment systems segment through the report’s forecast period.

The financial standing and key strategies of leading companies such as Siemens AG, Aker Solutions, Alderley plc, Schlumberger Limited, CETCO Energy Services, and others are assessed in the report.

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