Physical Segment is Expected to Dominate the Global Onshore Produced Water Treatment Market.

According to TechSci Research report, “Global Onshore Produced Water Treatment Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. Global Onshore Produced Water Treatment is anticipated to project robust growth in the forecast period with a CAGR of 9.10% through 2028. Produced water can be described as a mixture of organic and several inorganic components that exist in oil & gas reservoirs. Water produced this way is acidic and needs to be treated before it is discharged into river streams or while employing it for reinjection in oil & gas extraction sites. Freshwater usage has increased significantly, owing to the ever-growing population across the globe. Prolonged discharge of oil-contained water is polluting existing resources. This is expected to lead to scarcity of fresh water shortly. Governments of several countries have enacted stringent regulations on environmental practices by imposing discharge norms regarding oil concentration levels in discharged streams.Water acts as a pushing agent for oil & gas (helping oil & gas rise to the surface). Produced water needs to be treated and reused to increase productivity for extracting oil & gas from the well. Various water treatment methods have been introduced due to an increase in the productivity of oil & gas and stringent government norms to control the discharge of produced water directly.Demand for Onshore Produced Water Treatment is high in countries experiencing a scarcity of freshwater. Asia Pacific experiences greater water scarcity problems; therefore, the adoption rate of water treatment methods is considerably high in major countries, such as China and India, to deal with water scarcity.More than 60% of produced water comes from oilfields. Reusing produced water for reinjection in onshore and offshore operations is expected to propel the Onshore Produced Water Treatment market CAGR during the forecast period. Additionally, increase in environmental policies and the growing concern for the water table in the Region with the scarcity of fresh water like China and India, the Onshore Produced Water Treatment market is expected to swell in the upcoming years. With the extensive shale discoveries in the North American Region for which the water treatment services are of keen importance, the market is expected to soar in the forecasted years. The Onshore Produced Water Treatment market is estimated to increase the Onshore Produced Water Treatment market revenue in the forecast period.

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Russia is the largest oil producer in Europe and has the eighth largest oil reserves across the globe. In addition, other major oil reserves of the region are found in countries including Norway and the U.K. Presence of large oil reserves in the region is expected to drive the market over the forecast period. For instance, in 2020, ECOLOG, a leading global provider of integrated environmental services, technologies, and solutions, partnered with Siemens Energy to provide a service-oriented efficient disposal solution for the wastewater industry. This partnership will make it possible for industrial wastewater treatment to be done locally.

Recent Developments

·         May 2019: The U.S. Department of Energy's (DOE) Office of Fossil Energy announced up to USD 5 million in federal funding for cost-shared research and development (R&D) projects under the funding opportunity announcement (FOA) DE-FOA-0002004, Low Cost, Efficient Treatment Technologies for Produced Water.

·         August 2019: Cavitation Technologies has announced its completion of successful trials of its Low-Pressure Nano Reactors (LPNs) for produced water treatment.

Key market players in the Global Onshore Produced Water Treatment Market are following: -

• Weatherford International
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• Halliburton Company
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• General Electric Company (GE)
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• Enviro-Tech Systems
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• Baker Hughes
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• Mineral Technologies, Inc.
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• Siemens AG

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“Based on Treatment, the Onshore Produced Water Treatment market segmentation includes chemical, physical, and membrane. The physical segment dominated the market. The physical treatments are used in filtration and flotation and are cost-effective for removing large-sized particles and hydrocarbons from produced water.This Onshore Produced Water Treatment services widely used by industries across the globe. At the same time, the membrane segment is the fastest-growing method in the forecast period. This is due to the increasing demand for advanced membrane technologies. said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Onshore Onshore Produced Water Treatment Market Segmented By Treatment (Physical, Chemical, Biological), By Production Source (Crude Oil, Natural Gas), By Service (Primary Treatment, Secondary Treatment), By Region, Competition 2018-2028 has evaluated the future growth potential of Global Onshore Produced Water Treatment Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Onshore Produced Water Treatment Market.

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