Saudi Arabia Produced Water Treatment Market is Expected to Register a Steady CAGR during the Forecast Period
Rising urbanization and increased need for water sources to
drive Saudi Arabia produced water treatment market through 2028
According to TechSci
Research report, Saudi Arabia
Produced Water Treatment Market by Application (Onshore, Offshore), By Services
(Primary Separation, Secondary Separation, Tertiary Separation), By End User
Industry (Oil & Gas,
Industrial, Power Generation and Others), By Region the Saudi
Arabia produced water treatment Market is expected to register robust growth
during the forecast period, 2024-2028. The increasing relevance of water management in the oil and
gas industry because of severe environmental rules aimed at minimizing effluent
is projected to benefit the market. Furthermore, rising investment in the
development of nanomaterials for the formulation of membranes for the
oil-water-gas-separation process is expected to encourage the use of produced
water systems as a tool for enhancing productivity.
The increased generation of produced
water from the oil and gas industry and other industries has increased the
demand for systems for treating it and promoting its reuse. Implementing
government rules governing discharge limits raises demand for these systems in
various end-use sectors. Notably, membrane bioreactors have grown in popularity
due to the several benefits they provide to clients, including disinfecting
capability and a small footprint. As a result, it is expected that the Saudi
Arabia produced water treatment Market will resume its previous trend after
2022.
Over the next eight years, this program
is expected to promote the use of produced water treatment services. However,
due to the lack of laws on water management systems in important petroleum
destinations such as Saudi Arabia, the lack of adoption of water treatment
technology is projected to remain a challenge for the next eight years.
Saudi Arabia's rising population
necessitates increased water consumption. The state's freshwater consumption
has skyrocketed, leading the entire state to investigate alternatives. The country
has one of the world's fastest population growth rates. Furthermore, the
average daily per capita water use is about 24%. All agricultural, industrial,
commercial, and residential sectors require water. It has resulted in a 30%
increase in overall water use in recent years. The country's present water
storage capacity is insufficient to meet rising demand. To meet the country’s requirements,
wastewater must be treated on a vast scale. As a result, as the capacity and
quantity of wastewater treatment systems has expanded, it has helped to resolve
this issue to some extent.
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The
market is segmented into on t application, Services, End-User Industry. and End
users. Based on applications, the Saudi Arabia produced water treatment Market
is further bifurcated into onshore and offshore. Based on services, the Saudi
Arabia produced water treatment Market is segmented into primary separation,
secondary separation, tertiary separation.
Based
on end-user industry, the Saudi Arabia produced water treatment Market is
segmented into oil & gas, industrial, power generation and others.
On the
basis of application, an onshore application of globally produced water
treatment is the clearing or discharge of produced water from oil and
conventional gas wells. Some CBM water is pure enough to remove without further
treatment. Other produced water is boiled over rocks before being dumped into a
stream to aerate it and allow the iron to precipitate. When a more
comprehensive treatment is required, operators have used reverse osmosis.
Based
on end-user Industry, the market is segmented into oil & gas,
industrial, power generation and others
Oil & Gas had the most
significant revenue share in 2022, and it is expected to maintain its
prominence in the years to come.
Key market players in the
Saudi Arabia produced water treatment Market include:
- Alkawther
Industries Ltd
- Ion Exchange and
Company LLC
- Veolia Water
Technologies
- Saudi Water Technology Company
- AES Arabia
Ltd
- MARAFIQ (The
Power and Utility company for Jubail & Yanbu)
- Alkhorayef
Water and Power Technologies Company
- Miahona
Company (Saudi Arabia)
- Water and Environment
Technologies Company Ltd (WETICO)
- The
International Water Distribution Company TAWZEA
- SUEZ Group
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“The tertiary-produced water treatment systems segment is expected
to dominate the worldwide produced water treatment systems market in terms of
value. This is primarily due to the rising technological improvements over the
years that have allowed for the elimination of more than 95% of impurities from
produced water. Water consumption in Saudi
Arabia is increasing due to urbanization and population expansion. Water
scarcity can be alleviated by establishing a sustainable water cycle and
wastewater can become a substantial water source to fulfill rising demand.
Furthermore, industrial waste must be disposed of properly to minimize its
harmful effects on the environment's water, land, air, and agricultural
products. The best wastewater treatment facilities in Saudi Arabia may have a
positive impact on both water conservation and water loss, thereby driving the Saudi
Arabia produced water treatment market during the forecast period 2024-2028,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
Saudi Arabia Produced
Water Treatment Market by Application (Onshore, Offshore), By Services (Primary
Separation, Secondary Separation, Tertiary Separation), By End User Industry
(Oil & Gas, Industrial, Power Generation and Others), By Region has evaluated the future growth
potential of Saudi Arabia produced water treatment Market and provides
statistics & information on market size, structure, and future market
growth. The report's goal is to give current market knowledge and assist
decision makers in making informed investment decisions. Furthermore, the study
identifies and analyses emerging trends, as well as key drivers, challenges,
and opportunities in the Saudi Arabia produced water treatment Market.
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