Global Oil & Gas Water Management Services Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Oil & Gas Water Management Services market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Halliburton Company
- Baker Hughes
- a GE Company
- Ovivo Inc
- Nuverra Environmental Solutions
- Veolia Environnement S.A.
- Schlumberger Ltd
- Fountain Quail Energy Services
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Description of Oil & Gas Water Management Services Market: Water management is an integral part of the upstream and downstream oil & gas industry. The water quality, treatment technologies and its reuse, and recycle applications widely vary according to the type of water resources. Due to stringent government regulation and the necessity of minimizing the environmental impact of wastewater disposal, the water management services are mandatory for oil and gas exploration & production activity, as well as oil and gas processing activity in the downstream industry.
Growing Upstream Oil & Gas Activity – Drives the Market
Owing to the oil price crisis as of 2014-16, the expenditure in the upstream oil & gas industry dropped by about 60%. However, oil prices stabilized during 2016-17, as a result of which the oil & gas production activity experienced a substantial growth. The capital expenditure in the upstream oil & gas industry was estimated to register a significant growth rate of 25% during 2016-17. The growing upstream oil & gas activity is expected to drive the global water management services market. Factors such as technological advancements, stringent government regulations, and growing hydraulic fracturing activity, is also expected to drive the global water management services market in the oil & gas industry. The high cost associated with water management services and lower for the longer oil price scenario are expected to restrain the market growth.
North America to Lead the Market
Over 80% of the global hydraulic fracturing activity takes place in this region. The hydraulic fracturing process involves a large amount of water injection and, hence, water management services are essential in this process to minimize the environmental impact. Owing to a large share of oil & gas production and hydraulic fracturing activity, North America is a market leader in the global oil & gas water management services market. This region is expected to experience a significant growth rate during the forecast period, owing to a positive outlook in the United States and Canada. The United States is expected to experience a substantial growth in oil and gas activity, owing to increasing level of production from Permian basin of Texas and the Gulf of Mexico. Canada, with stability in oil prices, is expected to experience increase in investments in the oil & gas industry, allowing private players to explore some of its most prominent oil sand reserves.
Growing Investments in Upstream and Downstream Sector in Saudi Arabia
The Saudi government has planned to invest on up scaling the production of hydrocarbons and maintain the dominance in the global oil & gas business. Moreover, this country has invested, heavily, in the downstream infrastructure. Therefore, the water management services market in upstream and midstream industry in the country is expected to register a substantial growth rate, during the forecast period.
Oil & Gas Water Management Services Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Oil & Gas Water Management Services Market players in detail. Oil & Gas Water Management Services Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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The Global demand for Oil & Gas Water Management Services Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Oil & Gas Water Management Services Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Oil & Gas Water Management Services Market Forecast (2018-2023):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Oil & Gas Water Management Services Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
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