Water Management Market for Oil and Gas Industry is Growing Steadily

Water is used both as an ingredient and as a by-product of the production of oil and gas. Different steps such as injection into the well, drilling of exploration well and refining and oil processing involved in the oil and gas production require water. To improve the production and operational quality across the oil and gas reservoirs, effective water management is required which ensures to save cost and protect the environment. Thus, water management has become very important and the oil companies have devised new methods in order to decrease the freshwater consumption.

The segmentation of the water management market for oil and gas industry is done on the basis of application, technology, and region. On the basis of application, the global market is segmented into the onshore segment and offshore segment. During the production of oil and gas, the volumes of produced and flow back water are constantly rising in the onshore segment. Based on the technology, the water management market for oil and gas industry is divided into water hauling services segment, produced water treatment services, and water disposable services. The water management market for oil and gas industry can be geographically diversified into Asia-Pacific, Europe, North America, and Rest of the World.

Managing the water in the oilfield is still an evolving process. The main issues faced by the global market are in the management of the produced water, the effect on its deliverability, scale of the wellbore, deliverability, and the costs related to its disposal. The produced water is re-injected for water flooding and pressure support; this technique has been used as a strategy to add the operational and economic benefits. The water scarcity in the world is driving the industry to find new technologies in order to reuse the produced water for irrigation or other utilities. A new level of complexity is added to the development of the multistage fracturing that overall changed the nature of the oilfield water management. Other factors that are driving the water management market for oil and gas industry are water scarcity, growing water cuts, strict environmental regulations, and the growth of the oil and gas productions.

The region that is dominating the water management market for oil and gas industry in North America. It is mainly due to the unusual growth of the oil and gas production in the United States. In the near future, the U.S. market is expected to grow owing to the fact that water hauling is the largest component of the services. The market for the oil and gas industry is growing enormously in the Asia-Pacific region due to a large number of exploration and production activities. Hence, water management has become a key concern for the gas and oil industry in the Asia Pacific region.

Some of the key companies operating in the water management for oil and gas industry include Ovivo, Green Hunter Resources, Aquatech, Layne, Sclumberger, Veolia, Ridgeline Services, and Heckmann Corp.

For more information, request sample report:

Visit source site

Water Management MarketWater Management IndustryWater Management Market Size

More items from shawnmorgan789

Oil and Gas Cloud Applications Market Surge Towards Solid Growth by 2024

There is a huge volume of data generated in the oil and gas industry. These data are sensitive in nature as they are majorly concerned with a national income of many countries. In order to secure these data, software solutions are provided by cloud-based services. The software solutions used in the ...

Shawn Morgan

Posted 1 year agoPress > Oil and Gas Cloud Applications MarketOil and Gas Cloud Applications Industry

Increase the Cost of Oil Production Level Restrains the Oilfield Stimulation Chemicals Market Growth

The global oilfield stimulation chemicals market is growing at a significant pace. This growth can be attributed to reasons such as opportunity towards the progressions in the area of iron control agents, focus on providing cost-effective and better results at lesser quantity and launching of new pr ...

Shawn Morgan

Posted 1 year agoPress > Oilfield Stimulation Chemicals MarketOilfield Stimulation Chemicals IndustryOilfield Stimulation Chemicals

Underwater Monitoring System for Oil and Gas Market: New technology to process of monitoring natural fuels

An underwater monitoring system for oil and gas is the process of monitoring natural fuels, mainly oil and gas, and treating them to meet the daily needs of the people. This process mainly concentrates on the quality of the product and maintenance of the structure. Increase in the demand and to mee ...

Shawn Morgan

Posted 1 year agoPress > Oil and Gas MarketOil and Gas Industry

Oil Cleaning Market: Rising Demand from Automotive and Machinery Industry Boost the Global Market

Oil is neutral and nonpolar chemical substance, viscous in nature and mainly used in different industries including marine, aerospace, automotive, production, and manufacturing. Oil is used for smoothing the functioning of machinery and motors. Oil cleaning is the process to purify the oil by elimin ...

Shawn Morgan

Posted 1 year agoPress > Oil Cleaning MarketOil Cleaning Industry

Crude Oil Flow Improvers Market: High demand for crude oil across the world increases the industry growth

High demand for crude oil across the world is expected to drive the global crude oil flow improvers market growth. However, other non-renewable energy resources are not capable of fulfilling the growing demand. Crude oil is one of the largest energy resources in the world; hence, it becomes essentia ...

Shawn Morgan

Posted 1 year agoPress > Crude Oil Flow Improvers MarketCrude Oil Flow Improvers Industry
All posts from shawnmorgan789