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Follow on Google News | Produced Water Treatment Systems Market - Global Industry Analysis Research 2020; FMIFuture Market Insights has announced the addition of the "Global Produced Water Treatment Systems Market Analysis & Opportunity Assessment, 2014 - 2020" report to their offering.
Offering some insight into the geographical distribution of the market, AbhishekS. said, “North America is the dominant regional segment in the globally produced water treatment systems market, thanks largely to the high revenue generated by the U.S.The North American market accounts for over one-third of the global market.”North America’s share in the global market is expected to increase during the forecast period.Markets in Asia Pacific and Europe are also expected to expand during the forecast period. Browse Full "Global Produced Water Treatment Systems Market Analysis & Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/ Stringent environmental norms governing the disposal of produced water in North America are responsible for the dominant market share of this region.Treatment of produced water is mandatory in North America and Europe, resulting in these regions accounting for higher market shares compared to others. Produced water reinjection is becoming the norm in the petroleum industry. In 2014 alone, 201.4 billion barrels of produced water were generated from oil and gas wells across the globe. Of these, 136.9 Bn barrels were disposed of, and over 65Bn barrels were re-injected into oil fields, both onshore and offshore.According to Abhishek, the increased generation of produced water is due to the fact that pre-existing oil wells are ageing. “As oil wells become older, oil production begins to drop and more produced water is re-injected to help sustain production,” Three types of technology are used in produced water treatment systems: primary, secondary and tertiary. Of these, the secondary treatment systems held the dominant share of the market in 2013. However, tertiary treatment systems are expected to grow at the fastest CAGR during the forecast period. The technology used to treat saline produced water generated offshore will also emerge as a strong contender in the near future. Send Inquiry: http://www.futuremarketinsights.com/ The emergent technology in the produced water treatment systems market will have to be more sophisticated, or customised to deal with produced water that is more contaminated. Consequently, the leading players in the globally produced water treatment systems market are opting for patented, tertiary and innovative technologies. This is a key trend likely to drive growth of the globally produced water treatment systems market. End
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