Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 35.89 Billion | USD 73.81 Billion | 8.34% | 2023 |
Zion Market Research has published a report on the global Water Treatment Systems Market, estimating its value at USD 35.89 Billion in 2023, with projections indicating that it will reach USD 73.81 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8.34% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Water Treatment Systems industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
A mixture of inorganic and organic compounds formed when oil and gas are extracted is known as produced water. They are manufactured in large quantities; at present, in terms of administrative units, there is no such distinction between the processing of water and the control of oil. Many steps in the management of oil and the management of extracted water. The produced water is made up of certain chemical properties of hydrocarbon deposits due to its interaction with oil and gas, which are also hydrocarbons. This water undergoes a number of recycling procedures so that it can be reused.
The demand for water treatment systems developed is expected to expand globally. The increase in onshore and offshore oil and gas resources is a significant positive factor for the growth of the demand for extracted water treatment systems. As there is a huge demand for oil and gas, the market for water treatment systems generated will also rise steadily. The growing proliferation of fracking or land-gas exploration using hydraulic fracturing also benefits the market. There is a need for improved water treatment in developed countries so that water can be reused which benefits the growth of the market for water treatment systems generated. High installation and maintenance costs are the aspects that hinder the growth of the industry.
The market for water treatment systems is segmented on the basis of treatment types and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Further based on treatment types, the global market is segmented into chemical treatment, membrane treatment, and physical treatment. Physical treatment is the primary category of treatment. Chemical water treatment is further sub-segmented into treatments such as electrochemical process, precipitation, and oxidation. The membrane treatment is sub-segmented into the polymer and inorganic membranes.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Water Treatment Systems Market |
Market Size in 2023 | USD 35.89 Billion |
Market Forecast in 2032 | USD 73.81 Billion |
Growth Rate | CAGR of 8.34% |
Number of Pages | 110 |
Key Companies Covered | Aker Solutions, Schlumberger Limited, Eco-Tec, FMC Technologies, Inc., Siemens AG, Ovivo, Alderley plc, Veolia, Frames Group, Aquatech International, CETCO Energy Services, Ecosphere Technologies, Inc., ThermoEnergy Corporation, Global Water Engineering, Miox Corporation, among others |
Segments Covered | By Treatment Types And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Oil exploration and firm environmental protocols have driven many businesses in North America to expend money on the demand for water treatment systems. North America will remain the pioneer of the global market. Rental systems and on-site facilities are in high demand in the Middle East and Africa; thus, rental service providers and producers are highly likely to benefit from the use of manufactured water treatment systems. Treatment of extracted water has become very necessary in the Asia-Pacific regions as new oilfields are likely to develop. As a result, Asia Pacific will have the second-highest spot on the market for produced water treatment systems.
Some main participants of the water treatment systems market are -
Global Global Water Treatment Systems Market: The Treatment Types Analysis
FrequentlyAsked Questions
Major factors for the growth of the global water treatment systems includes increase in the water contamination, technological innovations, increasing industrialization, and others. The increasing prevalence of fracking or the land gas drilling using hydraulic fracturing also benefits the market.
According to Zion Market Research, the global Water Treatment Systems Market, estimating its value at USD 35.89 Billion in 2023, with projections indicating that it will reach USD 73.81 Billion by 2032.
The oil exploration and firm environmental protocols have forced many companies in North America to spend money on the produced water treatment systems market. North America will be leading the global market.
Some main participants of the water treatment systems market are Aker Solutions, Schlumberger Limited, Eco-Tec, FMC Technologies, Inc., Siemens AG, Ovivo, Alderley plc, Veolia, Frames Group, Aquatech International, CETCO Energy Services, Ecosphere Technologies, Inc., ThermoEnergy Corporation, Global Water Engineering, Miox Corporation, among others.
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