Search
  • Ava Jones

Oil & Gas Separation Equipment Market Size, Competitive Landscape, Revenue Analysis, 2020–2028

Increasing exploration and production activities, rising demand for oil and gas globally, and increasing investment in refining are key factors driving market growth

Market Size – USD 8.30 Billion in 2020, Market Growth – at a CAGR of 4.5%, Market Trends – Increasing growth of petroleum industry in developing countries

The global Oil & Gas Separation Equipment Market size is expected to reach USD 11.81 Billion by 2028 and register a CAGR of 4.5% over the forecast period, according to a latest report by Reports and Data. Increasing oil and gas exploration activities and rising demand for hydrocarbon processing onsite are key factors expected to continue to drive market revenue growth over the forecast period. Increasing focus of oil companies on improving productivity of oil and gas wells to meet growing global demand for oil and gas is another key factor expected to continue to drive market growth going ahead.

Oil and gas separator is a pressure vessel used to separate well streams into liquid and gas components. Oil and gas separators are typically installed in onshore processing units and offshore platforms. Separators are necessary to generate oil and gas streams that conform to pipeline requirements. In addition, extracted hydrocarbons are generally mixed with gas, oil, water, mud, and other liquid or solid particles. Separation of hydrocarbons from impurities is important before it can be converted to fuel. Increasing need for efficient separation equipment to maintain optimum pipeline and fluid quality have been booting demand for oil & gas separation equipment and this is expected to further drive market growth over the forecast period.

Increasing standardization of separation levels and increasing exploration and production activities in deep and ultra-deep sea have further boosted demand for separation equipment and this is expected to fuel revenue growth of market over the forecast period. However, high costs associated with installation of oil and gas separation equipment and complexity of equipment are expected to hamper market growth to a certain extent over the forecast period.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3958

Prominent companies in the market include Worthington Industries, Alfa Laval, Amacs, Burgess-Manning, Inc, ACS Manufacturing Inc., Godrej Process Equipment, Honeywell, ATLAS Oil & Gas Process Systems Inc, Valerus, eProcess Technologies Pty. Ltd, HAT International, Fenix Process Technologies, and Doyle Dryers LLC.

Some Key Highlights From the Report:

  • Three-phase separators segment is expected to account for largest revenue share in the global market during the forecast period. This can be attributed to increasing advantages of three-phase separators such as optimum pressure and liquid sealing. Increasing production of oil from resources such as shale reserves is a key factor expected to contribute to revenue growth of this segment.

  • Horizontal segment revenue is expected to expand significantly over the forecast period owing to increasing use in onshore wells, ability to handle high flow rates, and for being relatively easier to clean and maintain as compared to others.

  • Centrifugal technology segment is expected to dominate other technology segments in terms of revenue share over the forecast period owing to ability to allow efficient separation of liquid mist from gas.

  • North America is expected to register a revenue CAGR of 4.2% over the forecast period attributable to increasing offshore exploration and production activities, rapid increase in shale gas and tight oil exploration, and growing demand for oil and gas in countries in the region. In addition, robust presence of key companies in the region is expected to further drive market growth.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/oil-and-gas-separation-equipment-market

For the purpose of this report, Reports and Data has segmented the global oil & gas separation equipment market based on product, configuration, technology, and region:

Product Outlook (Revenue, USD Billion; 2018-2028)

  • Two-phase separators

  • Three-phase separators

  • Degasser

  • Scrubber

  • Deliquilizer

  • Heat Treaters

Configuration Outlook (Revenue, USD Billion; 2018-2028)

  • Horizontal separator

  • Vertical separator

  • Spherical separator

Technology Outlook (Revenue, USD Billion; 2018-2028)

  • Gravitational

  • Centrifugal

  • Others

Regional Outlook (Revenue, USD Billion; 2018-2028)

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3958

Thank you for reading our report. For customization inquiry or further information, please connect with us and we will ensure you get the report that meets your requirements.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Contact Us: John Watson Head of Business Development Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Reports and Data | Web: www.reportsanddata.com

0 views0 comments

Recent Posts

See All