Delays in the exploration and production activities in oil and gas industry has led to a decline in the produced water treatment market while rising concern for water conservation
Date: 2 February 2016
According to recently published Azoth Analytics report “Water Purification System Market in Oil and Gas Industry,2021
”, water purification system market in United States is forecast to grow at a negative CAGR of approximately 0.72% during 2016 – 2021, on account of low crude oil prices and delays in exploration and production activities in the oil and gas sector. Rise in Capital Intensive developments in unconventional sources, and increase in offshore exploration in United States have further caused delays in the various new oil and gas production projects.
This has led to decline in the water purification system market, however stringent government policies are further going to reduce the impact of low crude oil prices. The report speaks about the offshore and onshore allocation of the market share wherein rise in the offshore federal Gulf of Mexico explorations would drive the market for water purification in the offshore oil and gas industry. Moreover, the percentage share of the offshore water purification market is anticipated to rise until the year 2021.
In terms of segmentation, market is categorized by Technology (De-oiling, Desalination and Disposal sectors), By Equipment (Membrane Processes, Thermal Treatment, Ion Exchange and Capacitive Deionization), By End User and location of application. In terms, of regional segmentation, Gulf coast of United States is anticipated to drive the revenue contribution in the market with the highest market share and is expected to continue its dominance till 2021.
“Water Purification System Market in Oil and Gas Industry
” report has analysed the potential of water purification equipment market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the market entry strategies for various companies, emerging trends along with major drivers, challenges and opportunities in the Water Purification System Market in Oil and Gas Industry in the United States.