Table of Contents
Ageing Oilfields and Boost in Oil Production will Sustain Market Growth
The produced water (PW) treatment market in Southeast Asia is currently facing challenges such as high cost in intensive technologies, lack of knowledge on produced water management and public acceptance towards treatment technologies. However, increase in oil production, ageing oilfields, stringent effluent discharge regulations and water conservation strategies will bring demand to the market. With the increasing volume of PW being formed in Southeast Asia, companies that provide services and equipment that are cost effective, innovative and reliable will lead the market. In the near future, produced water will focus on recycling and reuse as well as reinjection as treated produced water.
-The produced water treatment market is in the growth stage in Southeast Asia. The compound annual growth rate (CAGR) of the produced water treatment market is expected to be % from 2013 to 2018, while the market size is expected to be $ million in 2018. There is an increase of $ million from $ million in 2013.
-The produced water treatment market in Southeast Asia is led by Indonesia and Malaysia, primarily due to the high volume of produced water generated from aging oilfields and government efforts to increase oil extraction.
-The leading segment in the produced water treatment market is the treatment equipment segment. It captures a market share of % and is likely to capture a higher market share of % in 2018. There will be a significant decrease in the market share of the services segment during the forecast period.
-A number of challenges concerning the produced water treatment market, such as cost-intensive technologies, lack of knowledge on produced water management and public acceptance towards treatment technologies, have been identified.
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