Water/Waste Water Treatment Water Treatment Booms: How US–Shale–Gas Drives Demand for Water Technology
The global market fpor water and waste water treatment systems could continue its growth curve with a solid CAGR of over 6% per year until 2020, a recent report indicates. Key driver of this outstanding market performance is a strong demand for water treatment solutions in North America, fueled by oil and gas production.
Water treatment technologies boom: Industry analysts Future Market Insights (FMI) predict the global market to amplify at a compound annual growth rate (CAGR) of over 6% between 2014 and 2020. The key driver for this development is North America, which accounts for nearly one-third of the global market revenue. In terms of CAGR, the North America produced water treatment systems market is expected to expand at over 8% during the forecast period.
Three Industry Segments Define the Water Treatment Market
The analysts have segmented the produced water treatment systems market on the basis of technology into primary, secondary, and tertiary. Primary treatment technologies employ basic, such as settling, media filtration, floatation, and biological aerated filtering to separate solids from water. According to FMI’s research, Alderley plc is one of the dominant players in the primary treatment technologies.
Secondary treatment technologies involve the use of induced gas floatation, degasser, and membrane separation. Twin Filter BV is a dominant company providing secondary treatment technology in the market.
Tertiary treatment technologies involve the use of absorption and polishing to separate oil content in produced water. These technologies use a combination of technologies to treat produced water. According to FMI, ProSep, Inc. is the dominant player in tertiary treatment technology.