The oil & gas separators market is increasing at a rapid pace and is expected to continue to grow at the same pace over the forecast period. Increase in unconventional oil and gas resources, mainly shale gas and oil reserves, will drive the oil and gas separators market. According to MRFR analysis, the global oil & gas separators market is estimated to expand at a CAGR of 4.2% during the estimated period (2017-2023).
Factors boosting the growth of the market include the increasing demand for energy and the increase in the discoveries of oil and gas resources, mainly shale gas and oil reserves. Moreover, factors such as the growing demand for oxygen in coal gasification projects and the vast nitrogen requirement escalates the market on the global platform.
Oil & gas, chemical, energy & mining industry is among the most significant contributors to the growth of the oil and gas separators market. Furthermore, factors such as the increasing installation of several on-site and off-site processing facilities, in countries such as Mexico, China, Russia, Canada, and Indonesia are fuelling the demand for oil and gas separators. On the flip side, factors such as the high installation cost among others are expected to hamper the growth of the market over the forecast period. Nevertheless, factors such as the rising activities of deep and ultra-deep-water drilling across the globe are expected to support the growth of the market during the review period.
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Prominent Players
Key players leading the global oil & gas separators market include Alfa Laval (Sweden), Exterran Corp. (U.S.), Honeywell International Inc. (U.S.), Schlumberger Limited (U.S.), Pentair plc (U.S), Halliburton Inc. (U.S.), ACS Manufacturing Inc. (U.S.), TechnipFMC Plc (U.K), Suzler Ltd. (Switzerland), Pall Corporation (India), GEA Group AG (Germany), and Frames Group (The Netherlands) among others.
Industry Segmentation
The global oil and gas separators market is segmented by technology, type, application, vessel configuration and region.
By Technology: Gravitational and Centrifugal among others.
By Type: Two-Phase, Three-Phase, Deliquilizers, Scrubbers, and Degassers among others.
By Application: Refineries, Onshore, and Offshore.
By Vessel Configuration: Horizontal, Vertical, and Spherical.
By Regions: North America, Europe, APAC, and the Rest-of-the-world (RoW).
Oil and Gas Separators Regional Market Analysis
North America accounts for the leading region driving the global oil & gas separators market. The market perceives tremendous growth in offshore exploration activities in the Gulf of Mexico which as a result, is driving the market in the region.
The Asia Pacific is another lucrative market for oil and gas separators, following the North American Market closely. The growing demand for energy and the increasing investment in exploration activities will drive the APAC market during the forecast period.
Additionally, factors such as increased O&G exploration activities undergoing in countries such as Malaysia, Australia, Indonesia, and Myanmar are boosting the market in the region. The growing markets in China and India account for the key contributors to the growth of the oil and gas separators market in the region.
The Middle East & Africa (MEA) region is another prominent market for the oil & gas separators. The region witnesses growing investments in oil & gas refineries. Nigeria, Saudi Arabia, and UAE are the biggest oil and gas, exporters.
On the other hand, Saudi Arabia and the UAE are capturing carbon dioxide (CO2) from industrial sources, such as processing plants and reinjecting it into oil fields to enhance production in reservoirs.
Industry News
July 11, 2018 —- Titan Production Equipment, LLC (the US), post to the completion of the acquisition of Exterran Corporation’s North American production equipment business announced its launch in the Oil & Gas production equipment business.
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Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued……
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