Global Produced Water Treatment Market - 2023-2030

Overview:

Global Produced Water Treatment Market reached US$ 9.1 billion in 2022 and is expected to reach US$ 14.4 billion by 2030, growing with a CAGR of 5.3% during the forecast period 2023-2030.

The rise in global oil and gas production leads to a corresponding increase in produced water volumes. As the energy industry expands, the demand for effectively produced water treatment solutions grows. Governments and environmental agencies worldwide are imposing stricter regulations on the discharge of produced water into the environment. Companies must invest in advanced treatment technologies to meet these requirements.

For instance, on 25 September 2023, during the visit of Kuwait's Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah to China, Kuwait and China signed seven Memoranda of Understanding (MoUs). The MoUs majorly cover significant construction projects, including housing cities, renewable energy, water treatment and the development of Mubarak Al-Kabeer Port.

Asia-Pacific is expected to grow the highest growth rate, making up less than 1/4th of the global market in 2022. Governments in Asia-Pacific implement strict environmental regulations to protect their natural resources and it includes regulations related to the treatment and disposal of produced water, driving the adoption of advanced water treatment technologies.

Dynamics:

Rising Government Initiatives Increase the Market Demand

Government agencies often establish and enforce strict regulations related to produced water discharge and treatment. As these regulations become more stringent, industries are required to invest in advanced treatment technologies and processes, driving growth in the produced water treatment sector. Governments may offer financial incentives, grants or subsidies to encourage industries to adopt environmentally friendly water treatment solutions.

According to a press release by the Ministry of Finance, in September 2023, the Government of the Virgin Islands issued a request for proposals (RFP) for the management, operation and maintenance of the Waste Water Treatment Plant at Burt Point and Cane Garden Bay on Tortola. The proposed scope of work covers a seven-year period and includes all necessary resources and personnel to perform these services.

Rise in Demand for Wastewater Treatment

Many industries are increasingly adopting sustainable practices, including the responsible management of water resources. Treating produced water aligns with sustainability goals and reduces the environmental footprint of industrial processes. Recycling and reusing treated produced water can lead to cost savings for industries compared to using freshwater sources and this economic incentive drives the adoption of produced water treatment solutions.

According to the paper published in Advance Science News, in September 2023, the technology addresses the energy-intensive nature of wastewater and seawater purification, which can account for up to 3% of global energy consumption. subsequently was developed by researchers at the National Engineering Research Center for Marine Aquaculture, Marine Science and Technology College at Zhejiang Ocean University in Zhoushan, China.

Rise in Industrialization

Urbanization and growth in population have significantly increased the demand for clean water. Treating produced water can contribute to meeting the water needs of expanding urban areas. Treatment of produced water has become more effective and affordable because of ongoing developments in water treatment technology and these improvements have broadened the market by making treatment solutions more available to a wider number of sectors.

In April 2023, there is going to a particular emphasis on urbanization and industrialization services because of the rise in population in the cities across the region, according to news reports from India. In order to work together on water treatment, the Pimpri Chinchwad Municipal Corporation and Pune Knowledge Cluster signed a memorandum of understanding on World Water Day and this research organization will provide information and ideas regarding water supply, water treatment and natural resources.

Complex Mixture Required and Cost-Effective

The composition of produced water varies greatly depending on the source and the processes used to produce it. Salts, heavy metals, suspended particles, hydrocarbons and other pollutants can all be present. Treating such a complex mixture requires tailored solutions. Many produced water treatment methods, such as membrane filtration and thermal processes, can be energy-intensive.

The cost of designing, constructing and operating produced water treatment facilities can be substantial. Smaller operators or companies in financially constrained regions may face challenges in implementing advanced treatment technologies. Some treatment processes generate secondary waste products or emissions that need to be managed properly. For example, desalination processes can produce concentrated brine, posing disposal challenges.

Segment Analysis:

The global produced water treatment market is segmented based on production source, treatment, application, end-user and region.

High-Quality Chemical Treatment Increases the Growth of the Market

In 2022, chemical treatment is expected to be the dominant segment in the global market covering around 1/3rd of the market. The initial quality of produced water, including the levels of contaminants such as oil, solids and dissolved substances, can impact the choice of chemical treatment methods. Environmental regulations and discharge standards set by regulatory authorities can dictate the use of chemical treatment in produced water treatment.

For instance, on 12 September 2023, ProSep secured a contract for producing water treatment on Aker BP's Valhall new central processing and wellhead platform in Norway. ProSep will deploy its CTour technology, which removes both dispersed oil and water-soluble organics through condensate injection into produced water streams. ProSep's technology is known for reducing chemical use and increasing the output of clean water.

Geographical Penetration:

Stringent Regulations for Water Treatment in North America

North America is the dominant region in the global produced water treatment market covering more than 1/3rd of the market. North America has stringent environmental regulations governing the treatment and disposal of produced water. The volume of water produced has significantly increased as a result the region shale gas and oil industry's rapid expansion. Therefore, there is a rising need for effective means of treatment and disposal.

For instance, on 25 September 2023, The Summit County Council approved the construction of water treatment facilities for the Country Haven subdivision, formerly known as Indian Hollow, located just outside the Kamas city limits. The project, initially proposed in 1998 for 85 lots on 230 acres, has seen amendments and delays over the years. It was ultimately approved for 65 lots with a wastewater system.

Competitive Landscape

The major global players in the market include: Veolia Environnement S.A., Aquatech International L.L.C, Evoqua Water Technologies LLC, Samco Technologies, Inc., Dryden Aqua, Calgon Carbon India Llp, Du Pont De Nemours and Company, MIcrovi Biotech, Inc., Huber SE and Entex Technologies Inc.

COVID-19 Impact Analysis:

Many water treatment facilities and industrial operations were temporarily shut down or operated at reduced capacity due to lockdowns and restrictions and this disruption affected the volume of produced water generated during the pandemic. During the initial phases of the pandemic, some facilities shifted their priorities away from water treatment to focus on other critical aspects of their operations and this may have resulted in delayed maintenance and upgrades in water treatment infrastructure.

Economic uncertainties caused by the pandemic led some companies to cut costs, which might have impacted investments in water treatment technologies and projects. The pandemic accelerated the adoption of remote monitoring and control technologies. Operators increasingly relied on remote solutions to manage and optimize water treatment processes, reducing the need for on-site personnel.

Regulatory agencies adjusted some environmental compliance requirements during the pandemic to accommodate operational challenges faced by industries and this flexibility could have implications for the discharge and treatment of produced water. The pandemic underscored the importance of water treatment in ensuring public health and this emphasis on water safety and hygiene may have driven increased research and innovation in water treatment technologies.

AI Impact

AI analyze large volumes of data from sensors, water quality monitoring and other sources in real time. It can detect patterns, anomalies and trends that may indicate equipment malfunctions or changes in water quality, allowing for proactive maintenance and process optimization. AI-driven predictive maintenance models can forecast when treatment equipment is likely to fail or require maintenance and this helps in reducing downtime, extending equipment lifespan and minimizing operational disruptions.

AI algorithms can optimize treatment processes by adjusting operating parameters, chemical dosages and flow rates in real-time to achieve desired water quality goals while minimizing energy consumption and chemical usage. AI can optimize energy-intensive treatment processes, such as membrane filtration and distillation, by dynamically adjusting operating conditions based on energy prices and availability, resulting in energy cost savings.

For instance, on 22 May 2023, Infinity Water Solutions and Quantum Reservoir Impact joined forces to develop and deploy a water intelligence platform called SpeedWise Water and this platform utilizes AI and machine learning to standardize, categorize and appraise water, with a focus on produced and treated produced water from the energy sector. By leveraging AI and advanced analytics, the partnership between Infinity Water Solutions and Quantum Reservoir Impact seeks to improve water management.

Russia- Ukraine War Impact

The conflict has disrupted supply chains and logistics across Europe, affecting the availability of equipment, chemicals and spare parts needed for water treatment facilities and this disruption could lead to delays in maintenance and upgrades. The war has contributed to energy price volatility, with fluctuations in oil and gas prices. Energy costs are a significant factor in water treatment operations and these fluctuations can impact the overall operational costs of water treatment facilities.

The geopolitical tensions and economic sanctions associated with the conflict have created uncertainty in global markets and this uncertainty can affect investment decisions related to water treatment projects and technologies. Changes in geopolitical dynamics can lead to alterations in environmental regulations and standards, which could impact the discharge and treatment of produced water. Water treatment facilities may need to adapt to evolving regulatory requirements.

By Production Source

• Crude Oil
• Natural Gas

By Treatment

• Chemical Treatment
• Primary Treatment
• Secondary Treatment
• Reverse Osmosis
• Physical Treatment
• Others

By Application

• Offshore
• Onshore

By End-User

• Oil and Gas
• Industrial
• Power Generation
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• In September 2023, Alpha Dhabi Holding acquired a majority stake in Metito Holdings, a global leader in the water and wastewater treatment industry, marking its strategic entry into the water and wastewater treatment sector. The acquisition aligns with Metito's mission to expand smart water solutions across the MENA region and beyond, in line with UN sustainability goals.
• In February 2023, ExxonMobil joined Aris Water Solutions' strategic agreement with Chevron and ConocoPhillips to develop and pilot technologies and processes for treating produced water for potential beneficial reuse in non-consumptive agricultural, alternative power generation and other industrial and commercial applications.
• In October 2022, Marmon Industrial Water is introducing its Containerized WT Solutions, a line of compact water treatment containers designed to produce ultrapure demineralized water for industrial processes and these containers utilize a combination of ultrafiltration (UF), reverse osmosis (RO) and electrodeionization (EDI) technologies.

Why Purchase the Report?

• To visualize the global produced water treatment market segmentation based on production source, treatment, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of produced water treatment market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global produced water treatment market report would provide approximately 69 tables, 69 figures and 205 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies