Oil and Gas Separators
Market - Overview
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.
Competitive
Analysis:
Leading players in the
global offshore 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.
Global
Offshore Oil and Gas Separators Market Segmentation:
The global offshore
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 offshore 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 offshore 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 dominates
the global offshore oil and gas separators
market due to the growing demand for unconventional oil and gas exploration
projects, which drive up the demand for effective separation mechanisms.
Asia Pacific is expected to exhibit the highest growth over the forecast period
due to the growing offshore projects in countries such as China and Indonesia.
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