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Oil & Gas Separators Market Research Report Information by Technology (Gravitational, Centrifugal), Type (Two-Phase, Three-Phase, Deliquilizers, Scrubbers, and Degassers), Application (Refineries, Onshore and Offshore), Vessel Configuration ‚Äď Forecast Till 2030


ID: MRFR/E&P/1277-HCR | 100 Pages | Author: Anshula Mandaokar| May 2024

Oil and Gas Separators Market Scenario


Oil and gas separators market is estimated to expand at a CAGR of 4.2% during the estimated period.


Oil and gas separator is a pressure container mainly used for separation of a well stream into gaseous and liquid components. This can either be used while producing oil from onshore or offshore field, or in the refineries to purify production fluids. The working principle of these separators is that gaseous and liquid components have different densities, which permit them to stratify when moved gradually with gas on top, oil in the middle and water at the bottom. The key force is gravity separation that achieves the separation, which means, the lighter fluid rises to the top while the heavier fluid settles to the bottom.


The oil & gas separators market is increasing at a rapid pace and is expected to continue to grow at the same pace over the forecast period. Increase in unconventional oil and gas resources, mainly shale gas and oil reserves, will drive the oil and gas separators market.


Increasing installation of several on-site and off-site processing facilities, mostly in Mexico, China, Russia, Canada, and Indonesia is further fueling the demand for oil and gas separator. However, high installation cost is the factor that may hamper the growth of the market.


On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America region dominates the global oil & gas separators market in 2017. Increasing offshore exploration activities in the Gulf of Mexico region drives the growth of the market. Moreover, discovery of multiple shale oil and gas reservoirs also has a positive influence on the growth of the market. U.S is the major market in North America and global oil & gas separators market.


Asia Pacific region is expected to expand at the highest CAGR during the forecast period. Increasing energy demands pushed oil and gas exploration activities. Oil and gas exploration activities are well underway in countries such as Malaysia, Australia, Indonesia, and Myanmar. This drives the oil & gas separators market. Middle East & Africa is another prominent region for the oil & gas separators. Nigeria, Saudi Arabia, and UAE, are the biggest oil and gas exporters. Growing investments in oil & gas refineries, also drive the growth of the market.


Competitive Landscape


Global oil & gas separators market is highly uneven and competitive due to the presence of several large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include acquisition and expansion, product launch, agreement & partnership. Strategic partnerships between key players support the growth and expansion plans of the key players during the forecast period.


Key Players


The key players of the global oil & gas separators market are Exterran (U.S.), Alfa Laval (Sweden), Honeywell International Inc. (U.S.), Pentair plc (U.S), Schlumberger (U.S.), and Halliburton Inc. (U.S.). TechnipFMC Plc (U.K), ACS Manufacturing (U.S.), Suzler Ltd. (Switzerland), and Pall Corporation (India), Frames Group (The Netherlands), and GEA Group AG (Germany) are among others.


Market Segmentation


 oil & gas separators market


The global oil & gas separators market has been segmented based on technology, type, application, vessel configuration, and region. On the basis of type, the market has been segmented into two-phase, three-phase, deliquilizers, scrubbers, and degassers. Three-phase separators dominated the type segment of the market and is expected to witness the fastest growth rate during the forecast period. Superior capability to handle complex operation problems such as solid separation is estimated to drive the demand for three-phase separator. Two-phase separator is another major separator type widely used in primary treatment of formation fluid mostly in onsite facilities to maintain high gas to oil ratio reservoir characteristics.


On the basis of technology, the market has been segmented into gravitational, and centrifugal. Gravitational dominates the technology segment of the market, mainly due to low operational cost. Centrifugal technology segment is projected to be the fastest growing segment during the forecast period.


On the basis of application, the market has been segmented onshore, offshore, and refinery. Onshore dominates the application segment of the market. Growing onshore drilling wells is expected to fuel the market growth. Offshore segment is projected to be the fastest growing segment during the forecast period mainly due to rising deep & ultra-deepwater drilling activities across the globe.


On the basis of vessel configuration, the market has been segmented into horizontal, vertical, and spherical. Horizontal oil and gas separators are primarily suitable for high gas-oil ratios, while vertical separators are mainly designed for intermediate gas-oil ratios.


Industry News


In January 2016, Water Standard, oil and natural gas water treatment company, acquired water and oil separation equipment provider Monarch Separators.


Hence, global Oil & Gas Separators market is estimated to expand at a CAGR of 4.2% by the end of the forecast period.

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   4.2% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology, Type , Application and Vessel Configuration
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Exterran Corp. (U.S.), Alfa Laval (Sweden), Honeywell International Inc. (U.S.), Pentair plc (U.S), Schlumberger Limited (U.S.), and Halliburton Inc. (U.S.). TechnipFMC Plc (U.K), ACS Manufacturing Inc. (U.S.), Suzler Ltd. (Switzerland), and Pall Corporation (India), Frames Group (The Netherlands), and GEA Group AG (Germany) are among others.
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Increase in unconventional oil and gas resources


Frequently Asked Questions (FAQ) :

The market has calculated a CAGR of 4.2%.

Exterran Corp. , Alfa Laval, Honeywell International Inc, Pentair plc, Schlumberger Limited, and Halliburton Inc. TechnipFMC Plc, ACS Manufacturing Inc, Suzler Ltd., and Pall Corporation, Frames Group, and GEA Group AG are among others.

The oil & gas separators market is growing at a rapid pace and will be continuing to grow because of rising demand of oil & gas.

North America, Europe, Asia Pacific, and Rest of the World are the regions grossing at the top in the market share.

Asia Pacific region will be expanding at the highest CAGR in the future.

2022-2030 is the growth period of the market.

Oil & Gas Separators Market

Oil & Gas Separators Market share is expected to grow at 4.2% through 2022 to 2030, reaching USD 3.9 Billion.

Segmentation
By Technology Gravitational Centrifugal
By Type Two-Phase Three-Phase Deliquilizers Scrubbers Degassers
By Application Refineries Onshore Offshore
Key Players
Companies Profiled   Exterran Corp. (U.S.)    Alfa Laval (Sweden)    Honeywell International Inc. (U.S.)    Pentair plc (U.S)    Schlumberger Limited (U.S.)    Halliburton Inc. (U.S.)    TechnipFMC Plc (U.K)    ACS Manufacturing Inc. (U.S.)    Suzler Ltd. (Switzerland)    Pall Corporation (India)    Frames Group (The Netherlands)    GEA Group AG (Germany)
Drivers
Market Driving Forces   New product launches and R&D Amongst major key Players    Increase in unconventional oil and gas resources
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