Keen Interest and Veritable Initiatives of Energy Departments to assist Water Security Programs influences Growth in Produced Water Treatment Market, Valuation estimated at US$187.4 bn by 2031: TMR

- Conceptualization of mobile plant for treatment of produced water gaining prominence for agricultural irrigation sites

- Initiatives undertaken by startups to assess viability of DAF for raw water with light contaminant particles widens growth vistas

ALBANY, N.Y., April 20, 2021 /PRNewswire/ -- In a bid to reduce the cost associated with treating and reusing produced water, Office of Fossil Energy, of the U.S. Department of Energy funds several new R&D initiatives and continues to collaborate with industry, state governments, universities, and federal and non-federal agencies. Earlier, for such initiatives, the Department of Energy invested nearly US$100 million for produced water projects, with another aim to transform produced water from being a waste to a resource.

Meanwhile, R&D of produced water is important in the larger interest of development of unconventional oil and natural gas resources of a nation. Produced water that has been treated can stimulate unconventional oil and gas reservoirs, other oil field operations, fire control, vehicle and equipment washing, power generation, and even for non-edible crop irrigation.

Request for Covid-19 Impact Analysis on Produced Water Treatment Market: https://www.transparencymarketresearch.com/Covid19.php

Interestingly, investments by the U.S. Department of Energy for reuse of produced water supports the Water Security Grand Challenge of the nation. The framework of the initiative facilitates transformational technology to meet the global need for safe, secure, and affordable water. In other nations too, the increasing demand for and natural variability of water resources has sought the interest of policy makers, regulators, and society of potential opportunities for the reuse of produced water. Consequently, such extensive interest for produced water treatment with support from regulatory authorities has led to the establishment of a solid produced water treatment market worth more than billion dollars. In the near term, the produced water treatment market is predicted to expand at a CAGR of ~5% from 2021 – 2031.

Produced Water Treatment Market – Key Findings of the Report

Continued Dip in Oil Prices amid COVID-19, Rising Popularity of Electric Vehicles impacts growth curve

Amidst COVID-19, substantial drop in oil prices has indirectly hit the produced water treatment market. Impact on the transportation sector in several developed countries due to the pandemic has led to sudden drop in oil prices, which in turn, has impacted several ancillary industries. In developed countries also such as India, stakeholders are at loggerheads to increase petrol price, in a bid to push the economy from recession.

Besides this, in India, rising environmental consideration and increasing disposable incomes are attracting consumers to own electric vehicles. Such inclinations that will impact the entire oil and gas sector is likely to result in dip for the growth of produced water treatment market.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php

Feasibility of Reuse of Produced Water favors Growth

In the light of extensive programs worldwide to save water, government bodies and private companies have come together to brainstorm and deploy maximum techniques to save water at industrial, commercial, and domestic fronts. However, the feasibility of reuse of produced water is largely dependent on the quality of produced water, time duration of generation of produced water, and how it deteriorates over time. To obtain the maximum benefits of such initiatives, oil wells that generate significant volumes of produced water are tapped for reuse due to the logistics involved in storing and transporting water for reuse.

Produced Water Treatment Market – Growth Drivers

• Conceptualization for design of mobile plant to treat produced water for agricultural irrigation gaining prominence.
• Startups gauge potential of dissolved air floatation (DAF) technique for treating raw water with light contaminants, thereby unlocking growth opportunities, in return.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/3957

Produced Water Treatment Market – Key Players

• Siemens energy AG
• CETCO Energy Services Company LLC
• Halliburton
• Veolia
• Suez S.A.
• Schlumberger Limited
• TechnipFMC plc
• Ovivo
• Enviro-Tech Systems
• Sulzer

Purchase Premium Research Report on Produced Water Treatment Market @ https://www.transparencymarketresearch.com/checkout.php

Explore Transparency Market Research's award-winning coverage of the global Energy & Natural Resources Industry,

Small Scale Single and Multi-rotor Wind Turbine Market - https://www.transparencymarketresearch.com/small-scale-single-and-multirotor-wind-turbine-market.html

Generator Rental Market - https://www.transparencymarketresearch.com/generator-rental-market.html

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/produced-water-treatment-market.htm 
Website: http://www.transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg