Future Marketing Insights (FMI), a market intelligence and consulting firm, is seeing good things for the global produced-water treatment systems market. The market hit $3.6 billion in 2018. FMI is predicting a 5-percent year-over-year jump this year.
There will be various factors contributing to this growth. One is more demand from the oil and gas industry. That will be pushed by oil and gas exploration activities releasing more produced water. In addition, FMI sees disposal applications demand staying high.
East Asia and South Asia Pacific are predicted to hold prominent market shares in terms of value. However, the Middle East and Africa (MEA) will probably enjoy lucrative growth in the produced-water treatment systems market between 2019 and 2029. This will come from exploration activities in the area, including Gulf Cooperation Council countries and South Africa.
Investor confidence in the MEA region has been buoyed by the expanding population, projected increase in the oil and gas industry, and accelerated industrialization. These factors have contributed to a positive momentum in the MEA oil and gas industry, which in turn, will make the produced-water treatment systems market there more lucrative.
Among the big players in the global produced-water treatment market are Schlumberger Limited, Minerals Technologies, Frames Group, Halliburton, Suez Environment, Aquatech International, IDE Technologies, Veolia, Aker Solutions, Prosep, Siemens AG, Alderley plc, and Enhydra Ltd.
There has been significant consolidation in the market with some companies having considerable shares. Some of the produced-water treatment systems from these players are Brise, Spinsep, SeaWave, CYCLONIXX, STREAMLINER and AutoFlot.