Produced Water Treatment Market to grow at a CAGR of 6.63% by 2025 |Onshore Segment to be Significant for Revenue Generation|17000+ Technavio Reports

- Advertisement -

NEW YORK, Dec. 10, 2021 /PRNewswire/ — The “Produced Water Treatment Market – Competitive Analysis, Drivers, Trends, Challenges, and Five Force Analysis” report has been added to Technavio’s offering. The produced water treatment market share growth by the onshore segment will be significant for revenue generation. The onshore segment has been the major contributor to global oil and gas production. The abandoned onshore shale gas blocks, especially in the US, will come back online, leading to the increased production and use of produced water. This will drive the growth of the produced water treatment market during the forecast period. 

Attractive Opportunities in Produced Water Treatment Market by Application and Geography - Forecast and Analysis 2021-2025

The produced water treatment market is estimated to grow by USD 2.28 billion from  2020 to 2025, growing at a CAGR of  6.63% as per the latest market research report by Technavio.

For more insights on the produced water treatment market – Download a free sample report now!

Market Dynamics

Factors such as increasing global concerns regarding water scarcity increased produced water volumes in mature oil fields will be crucial in driving the growth of the market. However, the increasing use of renewable energy sources will restrict market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The produced water treatment market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth. 

Company Profiles

The produced water treatment market is fragmented and the vendors are deploying growth strategies such as distinguishing their offerings through clear and unique value propositions to compete in the market. The produced water treatment market report includes information on the product launches, sustainability, and prospects of leading vendors including Baker Hughes Co., Enviro-Tech Systems, General Electric Co., Minerals Technologies Inc., Ovivo Inc., Schlumberger Ltd., Siemens AG, TechnipFMC Plc, VEOLIA ENVIRONNEMENT SA, and Weatherford International Plc.

Few Companies with Key Offerings

  • Baker Hughes Co. – The company offers water treatment products for wastewater treatment plants.
  • Enviro-Tech Systems-  The company offers produced water treatment products such as API-421, SKIMMERS, ENVIRO-SEP, and ENVIRO-CELL.
  • General Electric Co. – The company offers produced water treatment products such as SAGD Water Evaporators.
  • Minerals Technologies Inc. – The company offers produced water treatment product brands such as CrudeSep, CrudeSorb, and Hi-Flow.
  • Ovivo Inc., Schlumberger Ltd. – The company offers produced water treatment products for the oil and gas industries.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Application, the market is classified into onshore and offshore.
  • By Geography, the market is classified as North America, Europe, MEA, South America, and APAC.

Related Reports –

Industrial Water Treatment Equipment Market –The industrial water treatment equipment market has the potential to grow by USD 7.88 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.30%. Download a free sample report now!

Fracking Water Treatment Market –The fracking water treatment market has the potential to grow by USD 1.12 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.87%. Download a free sample report now!

Produced Water Treatment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.63%

Market growth 2021-2025

USD 2.28 billion

Market structure

Fragmented

YoY growth (%)

5.70

Regional analysis

North America, Europe, MEA, South America, and APAC

Performing market contribution

North America at 40%

Key consumer countries

US, Russian Federation, Saudi Arabia, UAE, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Baker Hughes Co., Enviro-Tech Systems, General Electric Co., Minerals Technologies Inc., Ovivo Inc., Schlumberger Ltd., Siemens AG, TechnipFMC Plc, VEOLIA ENVIRONNEMENT SA, and Weatherford International Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/produced-water-treatment-market-to-grow-at-a-cagr-of-6-63-by-2025-onshore-segment-to-be-significant-for-revenue-generation17000-technavio-reports-301441676.html

SOURCE Technavio

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Agrigate Global takes no editorial responsibility for the same.