Oil and Gas Separators Market Recent Trends, Size, Share, Technology, Application, Growth, Segmentat

Global Non-Volatile Memory Market Research Report: Forecast to 2023

Global Oil and Gas Separators Market Research Report Forecast to 2023

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Copyright Š 2017 Market Research Future.

Global Non-Volatile Memory Market Research Report: Forecast to 2023

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Copyright © 2017 Market Research Future.

Global Non-Volatile Memory Market Research Report: Forecast to 2023

Summary The global oil and gas separators market is expected to exhibit a strong 4.2% CAGR over the forecast period from 2017 to 2023, according to the research report recently released by Market Research Future (MRFR). The global oil and gas separator market is mainly driven by the growing demand for oil and gas refineries and on-site processing.

Oil and gas separators are crucial components of oil and gas refinery units and allow the producer to separate the liquid and gaseous components of the crude well stream effectively and relatively easily. The various types of oil and gas separators work on the same fundamental principle of the respective density of each component allowing it to settle into its own layer, with gases at the top, oils in the middle, and water at the bottom.

The oil and gas separators market has been growing rapidly, experiencing a heightened demand across the globe.

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.

The growing demand for onshore as well as offshore exploration and production of oil and gas around the world is likely to be a major driver for the global oil and gas separator market over the forecast period. the growing demand for fossil fuels around the world has driven the demand for oil and gas exploration in recent years, with countries such as Indonesia, Mexico, China, Canada, and Russia making increasing efforts to discover rich veins of petroleum and making the most of them in the long run. This is likely to remain the major driver for the global oil and gas separator market over the forecast period, as emerging countries such as the ones mentioned above are likely to focus on oil and gas E&P as a highly profitable line of business in the coming years.

On the other hand, the high costs of constructing and maintaining oil and gas separators could hamper the global oil and gas separator market’s prospects over the forecast period.

Competitive Dashboard Leading players in the global oil and gas separator market include GEA Group AG, Frames Group, Pall Corporation, Suzler Ltd., ACS Manufacturing Inc., TechnipFMC PLC, Halliburton Inc., Schlumberger Limited, Pentair PLC, Honeywell International Inc., Alfa Laval, and Exterran Corp.

Expansion and acquisition are likely to be the agenda for players in the global oil and gas separator market over the forecast period.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

Market Segmentation The global oil and gas separator market is segmented on the basis of type, technology, application, vessel configuration, and region.

On the basis of type, the oil and gas separator market is segmented into two-phase, three-phase, deliquilizers, scrubbers, and degassers. Three-phase separators are the dominant product segment in the global oil and gas separator market and are likely to remain the dominant segment over the forecast period due to their ability to easily handle complex operations such as solid separation. Two-phase separators are also widely demanded in the oil and gas industry and are mainly used in onsite applications before the crude oil is sent to refineries.

On the basis of technology, the global oil and gas separator market is segmented into gravitational and centrifugal.

Gravitational oil and gas separators dominate the global market due to their low costs, but centrifugal separators are expected to witness a higher growth rate over the forecast period.

On the basis of application, the oil and gas separator market has been segmented into onshore, offshore, and refinery. Onshore applications dominate the global oil and gas separator market, while offshore applications are likely to exhibit a rise in demand over the forecast period due to the growing demand for offshore oil and gas projects.

On the basis of vessel configuration, the market has been segmented into horizontal, vertical, and spherical.

Regional 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.

Moreover, the large, untapped resources alongside the discoveries of multiple shale oil and gas reservoirs are some of the key driving forces positively impacting the growth of the regional market. The US among the other North American countries, accounts for the major contributor to the oil & gas separators 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.

The Asia Pacific is among the largest consumers of oil & gas after North America. Resultantly, the demand for O&G will foster the growth of the regional market, leading to more exploration and production.

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.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

In the Middle East, gas is flared in some countries while other countries are increasingly relying on gas for energy.

Iraq, which now burns huge volumes of gas, is working on the infrastructure needed to turn dry gas into muchneeded power and to export gas liquids.

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 Updates: 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.

This acquisition has added Exterran’s portfolio of production equipment engineering designs and drawings to Titan’s product list which is considered an industry standard.

Titan plans to scale up quickly, aiming to become the market leader in the design, engineering, and manufacture of oil and gas production equipment used to separate, process and treat hydrocarbon streams, including glycol regeneration dehydrators, as well as two- and three-phase separators.

The O&G production equipment market is dealing with a lack of manufacturing capacity, that is leaving customers with long lead times, product quality issues and limited engineering support. With its expansive manufacturing capacity, Titan is hoping to be in the position to relieve market constraints.

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Copyright © 2017 Market Research Future.

Global Non-Volatile Memory Market Research Report: Forecast to 2023

owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.

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Copyright Š 2017 Market Research Future.