Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Oil & Gas Separators Market.
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.
Considering the exponential traction, the market is enjoying currently, Market Research Future (MRFR) in its recently published study report asserts that the global oil and 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.
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.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/oil-gas-separator-market-1809
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).
Oil and Gas Separators Market – 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.
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 much-needed 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.
Oil and Gas Separators Market - Competitive Analysis
The oil and gas separators market appears to be competitive with the presence of several large and small players operating in the oil and gas separators market. The market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in intensified competition further.
The leading manufacturers of oil and gas separators market are focusing more on technology development and product design that are aimed at reducing dysprosium requirements.
The natural gas production presents huge potential as well as challenges for the producers (engineers). Growing interest in developing green (sour/dry) gas fields in the region is extending the search to find uses for the sulfur removed from the gas, such as for materials in construction and paving.
Producers are thinking innovatively to create value and reduce the impact of production, leading to pilot projects to test new approaches.
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/ innovation/ Related 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.
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.