Water treatment market to hit $187.4bn by 2031
01 May 2021
The produced water treatment sector is likely to expand considerably over the next 10 years with its market value set to hit $187.4 billion by 2031, according to a report by Transparency Market Research (TMR).
Produced water is the reservoir water that is produced along with the oil and gas phase.
In terms of revenue, the global produced water treatment market is estimated to expand at a CAGR of five per cent during the forecast period, owing to numerous factors outlined inTMR’s report on the global produced water treatment market.
The Middle East and Africa market too is projected to expand significantly during the forecast period, owing to a large presence of major oil and gas producers in the region.
- Work in full swing on East Sitra Town
- GCC launches $35.6bn projects in first quarter
- GE starts operations of 500MW Iraq power plant
- MEA hotel construction pipeline slows down
- Water treatment market to hit $187.4bn by 2031
- New CEO takes charge at Reynaers Group
- Tenders due for South Sabah Al Ahmad City
- Armstrong offers free trial of its Pump Manager
