Published on : May 23, 2018
Albany, New York, May 23, 2018: A new research study has noted that the market for produced market treatment systems is predicted to witness strong growth, driven by some important contributing factors. In a newly published report, titled “Produced Water Treatment Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2020”, Market Research Hub (MRH) provides crucial perspectives on the impact of recent market trends and technological developments on the growth of the market. As per the report, in 2017, the said market was evaluated for worth US$5198.6 Mn, which is likely to be worth US$6156.6 mn by the end of 2020. The report further projects that the global produced water treatment systems market is anticipated to exhibit 5.8% CAGR during the assessment period.
The informative report begins with executive summary providing the market overview, market analysis and market numbers. The next section of market introduction covers basics of the market for its readers including market definition and market taxonomy. The readers will find estimated market value during 2017 and forecasted value by 2020 in market overview section. Another important section of market dynamics identifies factors driving and restraining the growth of the global produced water treatment market. According to the research prime findings, globally, stringent government regulations in place and overall scarcity of water have necessitated reinjection of produced water. This is the major factor responsible for creating immense opportunities for companies in the produced water treatment systems market.
Geographically, the market has been divided into key regions which are North America, Latin America, Asia Pacific, Europe and Middle East and Africa. It has been reported that production of crude oil in North America is anticipated to rise steadily through 2020, which will account for strong demand for produced water treatment systems in the region. Apart from that, it has been observed that Asia-Pacific region forecast to display strong demand for produced water treatment systems in the coming years, owing to the discovery of new oilfields and government mandates.
Moreover, the report offers detailed segmentation to offer in-depth analysis of the global produced water treatment systems market. The market has been bifurcated into type and source. By type, the global produced water treatment systems market encompasses primary, secondary, and tertiary treatment systems. On the basis of source, the study covers crude oil and natural gas. Based on segmentation, the research study found that secondary treatment systems account for the leading revenue contribution to the produced water treatment systems market, however, demand for tertiary treatment systems is anticipated to grow steadily through 2020.
The report also offers detailed competitive landscape and analysis and studies the business and product strategies of some of the leading players. Leading companies operating in the produced water treatment systems market include Schlumberger Limited, Veolia, Alderley plc, FMC Technologies, Siemens AG, CETCO Energy Services, MIOX Corporation, Ovivo, and Aker Solutions among others.
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