Global Information Inc. would like to present a new market research report, "The North American Market for Produced Water Treatment Equipment" by BCC Research.
The North American market for produced water treatment equipment was valued at $760 million in 2011 and should reach $825 million in 2012. Total market value is expected to reach nearly $1.2 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 7.7%.
The North American market for produced water treatment equipment can be split into two segments: oil field produced water and gas field produced water.
Oil field produced water is expected to increase from $627 million in 2012 to $929 million in 2017, a CAGR of 8.2%.
Gas field produced water is expected to increase from $198 million in 2012 to $267 million in 2017, a CAGR of 6.2%.
Produced water comprises approximately 98% of the total waste volume generated by the gas exploration and production industry. The industry activities generate more than 115 billion oil barrels (bbl) per year (bbl/y) of produced water. For every barrel of oil, an average of three barrels of water is produced. In the U.S., the water-to-oil ratio (WOR) averages eight barrels of water to one of oil. On average, for every barrel of oil currently recovered, eight barrels of wastewater are also generated. During the next 15 years, the water-to-oil ratio is forecast to increase from 8:1 to 12:1. In the worst cases, the WOR reaches 50:1. To dispose of produced water, energy companies pay from $3 per barrel to as much as $12 per barrel. With the need to manage such large water volumes, the oil and gas production industry has become as much about water as it is about energy.
This report is designed to be of value to a wide array of readers. Those expected to have the greatest interest are players already active in oil and gas production and/or produced water treatment. The study will be of value to startup companies with novel water treatment technology, especially for the hydraulic fracturing sector, since that market is still emerging and has no dominant players. Oilfield services businesses should find the report useful for its overview of treatment technologies, which include performance data, as well as capital and operating cost information.
It should be of interest to venture investors, entrepreneurs, and entrepreneurial companies interested in entering or expanding into the produced water treatment sector. Other public- and private-sector interest groups, market analysts and general readers wishing to gain broader knowledge of the dynamics of the produced water treatment equipment market also are expected to find the report worthwhile.
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