Oil & Gas Separation Market Is Thriving Worldwide 2012 – 2020


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Global oil and gas separation market is expected to reach USD 10.68 billion by 2020, according to a new study by Grand View Research, Inc.


Global Oil And Gas Separation Market is expected to reach USD 10.68 billion by 2020, according to a new study by Grand View Research, Inc. Favorable initiatives such as Kuwait conventions and U.S. EPA regulations towards maintaining optimum pipeline fluid quality with low gas to water and oil to gas ratio are expected to drive global oil & gas separation market. Increasing environmental concerns along with strict quality specifications are also expected to have a positive influence on the market growth. Key market participants have been investing heavily in R&D for technological developments to meet pipeline specific fluid quality. Rising E&P in conventional & unconventional reservoirs in offshore & onshore locations along with increased levels of water production in tight reserves is also expected to impact the market growth. Growing solid handling issues in existing plants along with high cost of equipment upgradation is expected to remain a key challenge for market participants.

Gravitational separation emerged as the leading oil & gas separation technology and accounted for over 45% of total market revenue in 2013. Gravitation is the most conventional method used for oil & gas separation and its existing capacities coupled with its effective separation have contributed to its growth in the past. The segment is expected to lose some of its share to other high growth segments such as centrifugal separation owing to increasing R&D and technological advancements to handle multiple fluid phases and various crude oil grades. Centrifugal technology is estimated to witness the fastest growth at a CAGR of 4.7% from 2014 to 2020 owing to more efficient separation mechanism.

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www.grandviewresearch.com/industry-analysis/oil-and-gas-separation-market

Further key findings from the study suggest:

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-oil-and-gas-separation-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com




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