Water Management Market Current Trends and Future Aspect Analysis 2023

Energy

In oil and gas production, water
management is crucial both as a by-product and ingredient, water.   
 Various steps in oil and gas production such as drilling of exploration
 well, injection into the well, and refining and oil processing require
water. Effective water management is highly required to improve
production and operational quality across oil and gas reservoirs. It
also saves cost and ensures environmental protection. Oil companies have
 started realizing the importance of water management and have devised
new methods to increase sustainability and decrease fresh water
consumption. Operators are reusing oilfield waste water and are also
focusing on reducing the disposal volume.

 

The report studies the global water management market for oil and gas industry
 on the basis of application and technology as well as geography. The
report offers a detailed analysis of the growth of the market across key
 geographical regions.

 

The report further provides insightful
information about the competitive landscape and profiles some of the key
 players operating in the global water management market for oil and gas
 industry.

 

Overview of Global Water Management Market for Oil & Gas Industry

 

Stringent environmental regulation, water
 scarcity, increasing water cuts, and growth in unconventional oil and
gas production are propelling the global water management market for oil
 and gas industry. The importance of water management has increased
significantly in response to the wide-scale development of shale
resources for oil and gas production. The acute shortage of potable
water is compelling the oil and gas industry to develop technologies
enabling the use of produced water for irrigation and other utilities.
Multi-stage fracturing has further pushed the demand for recycling and
treatment of water.

 

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In terms of application, the report
segments the global water management market for oil and gas industry
into offshore and onshore. On the basis of technology, the market has
been categorized into water hauling services, water disposable service,
and produced water treatment service. In onshore segment, volumes of
flow back and produced water are increasing owing to increased
production of unconventional oil and gas.

 

The report studies the global water
management market for oil and gas industry across four key regions: Asia
 Pacific, North America, Europe, and Rest of the World. Demand is highly
 located in North America due to rapid increase in unconventional oil
and gas production in the United States. In the coming years, the U.S.
market is estimated to expand further with water hauling as the largest
component of the services market. Asia Pacific is expected to emerge as
an enormous market for oil and gas industry. This would fuel the water
management market in the region.