Aug 18, 2023   SOURCE: BusinessWire

Saudi Arabia Produced Water Treatment Markets, 2018-2023 & 2024-2028: Focus on Primary Separation, Secondary Separation, & Tertiary Separation - ResearchAndMarkets.com

The "Saudi Arabia Produced Water Treatment Market by Application (Onshore, Offshore), By Services (Primary Separation, Secondary Separation, Tertiary Separation), By End User Industry (Oil & Gas, Industrial, Power Generation and Others), By Region" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabia Produced Water Treatment Market is poised to embark on a trajectory of consistent growth, with a steady Compound Annual Growth Rate (CAGR) forecasted for the period spanning 2024 to 2028.

This comprehensive market analysis delves into the intricate nuances of the industry, presenting expert insights, company-specific production and capacity assessments, distribution network layouts, meticulous price trend evaluations, and a thorough supply chain-demand deficit analysis.

Encompassing critical facets such as market scenarios, value propositions, growth dynamics, segmentation paradigms, geographical prevalence, and the influential market players, this report provides a holistic understanding of the market landscape.

Fueling Growth: Surge in Oil and Gas Drilling Activities

Driving this upward trajectory is the burgeoning landscape of oil and gas drilling activities in the kingdom. As the region witnesses a surge in oil and gas drilling endeavors, the demand for advanced produced water treatment systems gains prominence.

This impetus toward enhanced water treatment solutions aligns seamlessly with the escalating development of onshore oil and gas drilling. Consequently, the Saudi Arabia Produced Water Treatment Market is set to capitalize on this synergy, propelling its growth trajectory to new heights.

Oil Consumption has Increased Along With The Development of Industrialization.

The ever-expanding oil and gas firms have contributed to the growth in global oil demand, which spurred the market's expansion as more produce water was produced during the process of oil extraction. Establishing stable, sustainable, and cost-effective produced water treatment solutions is critical for successful operations and durability.

Regulatory developments and freshwater constraints demand the sector to treat and utilize this produced water. Saudi Arabia has developed as one of the world's most important geographical locations for oil and gas production. The county is rich in oil and gas deposits. The penetration of modern drilling technologies, such as hydraulic fracturing, has progressively increased the country's production capability. The government is a significant exporter of oil and gas products.

Saudi Arabia exports around 59% of its total oil output and has proven reserves equal to 221.2 times yearly consumption. However, due to an increase in oil and gas drilling activities, Saudi Arabia is creating a significant volume of produced water, fuelling growth in the produced water treatment market.

Rising Environment Concerns

Produced water, a by-product of the coal seam gas industry, frequently has chemical components because of elements such as scale and precipitated silica.

It is crucial to treat this water properly, efficiently, and consistently given the remote locations, extreme weather, environmental laws, and health and safety issues. Growing ecological issues about generating water discharge have pushed the government and other regulatory entities to create new policies and regulations.

Further restrictions are being adopted to prevent the dumping of produced water that has not been treated and contains various dangerous particles. This has a positive impact on the expansion of produced water treatment market. Saudi Arabia Produced Water Treatment

Saudi Arabia Produced Water Treatment Market Challenges

In Saudi Arabia, the produced water (PW) treatment market has challenges, such as the high cost of intensive technology, a lack of awareness about produced water management, and public acceptance of treatment methods. Increased oil production, aged oilfields, severe effluent discharge rules, and water conservation efforts, on the other hand, are expected to drive the market.

With the rising number of PW being generated in Saudi Arabia, firms that provide services and equipment that are cost-effective, creative, and trustworthy will lead the market. Shortly, produced water will focus on recycling, reusing, and reinjection as treated created water.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Produced Water Treatment Market.

  • Alkawther Industries Ltd
  • Ion Exchange and Company LLC.
  • Veolia Water Technologies
  • Saudi Water Technology Company
  • AES Arabia Ltd
  • MARAFIQ (The Power and Utility company for Jubail & Yanbu)
  • Alkhorayef for Water and Power Technologies Company
  • Miahona Company (Saudi Arabia)
  • Water and Environment Technologies Company Ltd (WETICO)
  • The International Water Distribution Company TAWZEA
  • SUEZ Group

Report Scope:

Saudi Arabia Produced Water Treatment Market, By Application:

  • Onshore
  • Offshore

Saudi Arabia Produced Water Treatment Market, By Services:

  • Primary Separation
  • Secondary Separation
  • Tertiary Separation

Saudi Arabia Produced Water Treatment Market, By End User Industry:

  • Government
  • Oil & Gas
  • Industrial
  • Power Generation
  • Others

Saudi Arabia Produced Water Treatment Market, By Region:

  • Western Region
  • Northern & Central Region
  • Eastern Region
  • Southern Region

For more information about this report visit https://www.researchandmarkets.com/r/uxsa81

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