Revenue Forecast

The Growth Pipeline™ Company estimates the revenue for the base year 2023 at $14.62 billion, with a CAGR of 4.1% projected for the period 2023–2030.

The Impact of the Top 3 Strategic Imperatives on the Sustainability and Circular Economy of Water in the Global Oil and Gas Industry:

Disruptive Technologies

• Disruptive technologies can revolutionize water management in the oil and gas (O&G) industry, enabling a closed-loop or circular water economy. These technologies can help optimize water treatment with advanced filtration, desalination, and separation techniques, significantly improving water reuse and reducing freshwater dependence. Enhancing real-time monitoring can optimize water usage, predict equipment failures, and identify leaks, reducing water consumption

• Adopting disruptive technologies will be crucial for the O&G industry to achieve its sustainability and circular economy goals. Investments in R&D of these technologies will be essential. Early adopters will gain a competitive advantage and establish themselves as leaders in sustainable water management practices.
• Companies that demonstrate a commitment to sustainability and circular water economies through innovative water management strategies will be most attractive to investors and position themselves for future success. Collaboration with regulatory bodies and participation in developing sustainable water management policies will be beneficial.

Transformative Megatrends

• Global water scarcity, stricter environmental regulations, and growing investor pressure for responsible practices drive the need for a circular water economy in O&G. Freshwater availability is becoming increasingly limited, forcing the industry to find alternative water sources and reduce freshwater consumption.

• Stringent regulations on water discharge and environmental impact push companies to adopt sustainable water management practices.

Innovative Business Models

• Innovative business models can create new revenue streams and incentivize sustainable water management practices. Water-as-a-Service models allow O&G companies to pay for water treatment services based on usage, reducing upfront investment and operational costs.

   

• The O&G industry is open to innovative business models that can deliver cost savings and improve sustainability. Developing and implementing these models can create new revenue streams for water treatment companies and incentivize O&G companies to adopt sustainable water management practices. Collaboration between O&G companies and water treatment providers will be crucial for success.

Scope of Analysis

Key Drivers of Growth

• Increasing Water Scarcity: Freshwater availability is becoming a growing concern in many regions, prompting the O&G industry to explore alternative water sources and optimize water usage.
• Stricter Environmental Regulations: Regulatory bodies are implementing stricter water discharge and disposal regulations, pushing companies to adopt more sustainable water management practices.
• Technological Advancements: Advancements in water treatment technologies, digital solutions, and nature-based solutions create new opportunities for efficient and cost-effective water management in O&G operations.
• Circular Economy Focus: The O&G industry increasingly recognizes the benefits of a circular water economy, where operations treat, reuse, and recycle water internally, minimizing freshwater withdrawal and wastewater discharge.

Segmentation—Technology and Services

O&G Water and Wastewater Treatment Industry

Water Treatment Equipment

• Membrane filtration
• Mechanical filtration
• Disinfection
• Demineralization

Wastewater Treatment Equipment

• Pretreatment
• Primary treatment
• Secondary treatment
• Tertiary and advanced treatment
• Sludge treatment

Design and Engineering Services

• Concept design
• Customized equipment design
• Full systems integration
• Systems simulation tests and modeling
• Equipment sizing and selection
• Process design and development
• Pilot studies
• Process systems analysis
• Vendor prequalification
• Process optimization

Operations and Maintenance (O&M) Services

• Operation of treatment systems
• Field service support and management
• Construction management
• Design systems simulation testing and modeling
• Project management
• End-user facility management
• Industry-related customer service
• Training

Key Competitors

Water Treatment Equipment

• Veolia
• Dow Chemical Company
• Pentair
• Evoqua Water Technologies
• DuPont Water Solutions
• Eaton Corporation
• Parker Hannifin Corporation
• Unidro
• Kurita
• Trojan Technologies
• Mann+Hummel
• Xylem Inc.
• Severn Trent Plc
• Samsung Engineering

Wastewater Treatment Equipment

• Veolia
• Dow Chemical Company
• Evoqua Water Technologies
• DuPont Water Solutions
• Xylem Inc.
• WSP Global Inc.
• Andritz AG
• Flootech Corporation
• Ecolab Inc - Nalco Water
• WesTech Engineering, Inc.
• Aquatech B.V.
• Calgon Carbon Corporation
• Toshiba Water Solutions
• Mann+Hummel
• Ecologix Environmental Systems
• Parkson Corporation
• Envirex Inc.
• Weir Group PLC

Design and Engineering Services

• Veolia
• Evoqua Water Technologies
• DuPont Water Solutions
• Xylem Inc.
• Worley
• Ecolab Inc - Nalco Water
• Aquatech B.V.
• Fluor Corporation
• Ecologix Environmental Systems
• McDermott International, Inc.
• SNC-Lavalin Group Inc.

O&M Services

• Veolia
• Evoqua Water Technologies
• Schlumberger Limited
• Ecolab Inc - Nalco Water
• Xylem Inc.
• Aquatech B.V.
• Ecologix Environmental Systems
• Halliburton Company
• Baker Hughes Company

Competitive Environment

Revenue Forecast