Oil & Gas Separators Market Analysis
Considering the exponential
traction, the market is enjoying currently, Market Research Future (MRFR) in
its recently published study report asserts that the global Oil
& Gas Separators Market is projected to garner exponential accruals by
2023 registering over 4.2% CAGR throughout the forecast period (2017-2023).
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 fueling
the demand for oil and gas separators. 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 and Gas Separators Market – Report
Segments:
The MRFR analysis is segmented into five key
dynamics for enhanced understanding.
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).
Key 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.
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.
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 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.
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