Oil & Gas Separation Market Is Thriving Worldwide 2012 – 2020


Free Press Release DB | Press Release Date : May 16, 2019  Download


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.

To request a sample copy: 
www.grandviewresearch.com/industry-analysis/oil-and-gas-separation-market

Further key findings from the study suggest:

  • Three-phase separators were the largest product segment and accounted for over 40% of total market revenue in 2013. It is also expected to witness the highest growth of 4.9% over the next six years owing to their ability to deal with solids. Scrubbers are also estimated to witness significant growth over the forecast period on account of efficient mist separation coupled with increasing environment regulations for maximum particulate and GHG content in flare gases.
  • Onshore was the largest application segment and accounted for 59.6% of total market revenue in 2013. Oil & gas separation demand in offshore is expected to witness the highest growth rate of 5.4% from 2014 to 2020. Increasing deep sea and ultra-deep sea investments in the “Golden Triangle” is expected to drive this segment over the forecast period.
  • North America was the largest regional oil & gas separation market and accounted for over 40% of total market revenue in 2013. The regional market is expected to witness significant growth on account of large number of shale plays in the U.S. Asia Pacific is expected to witness the highest growth rate of 5.1% over the next six years on account of improving oil & gas infrastructure coupled with rapid development of shale gas E&P. Increasing offshore oil & gas development in countries such as Malaysia, Indonesia and Vietnam is also expected to fuel the regional market.
  • Major companies in global market have been investing heavily on R&D for efficient oil & gas separation technology development. Key players operating in global oil & gas separation market include Opus Company, Pall Corporation, Unidro SpA, Hamworthy, Twister BV, Honeywell, Frames Group, Sulzer and FMC Technologies, Alfa Laval, Andritz and Westfalia.

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




Contact Person & Company

Name

:

Amruta DP

Company

:

Contact Numbers

Telephone No.

:

Fax No.

:

Handphone No.

:

Website

Website 1

:

Website 2

:

Youtube

:

PR Tags

:

Oil And Gas Separation Market,

Address


Contact The Author








More Press Release From Author



Safety Eyewear Market Exhibit Growth At a CAGR of 4.1% By 2025


Free Press Release DB :

The global safety eyewear market size is expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.1% over the forecast period. --> Read This Press Release !



By : Amruta, DP ( Aug 20, 2019 )
Category : Business Press Release | Country : United States Press Release




Frozen Fruit Bars Market Is Anticipated To Grow At A CAGR of 7.5% By 2025 The global frozen fruit bar market size is expected to reach USD 18.43 mill


Free Press Release DB :

The global frozen fruit bar market size is expected to reach USD 18.43 million by 2025, according to a new report by Grand View Research, Inc. --> Read This Press Release !



By : Amruta, DP ( Aug 20, 2019 )
Category : Business Press Release | Country : United States Press Release




Almond Milk Market Size Worth $13.3 Billion By 2025 | CAGR: 14.3%


Free Press Release DB :

The global almond milk market size is expected to reach USD 13.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.3% over the forecast period. --> Read This Press Release !



By : Amruta, DP ( Aug 20, 2019 )
Category : Business Press Release | Country : United States Press Release





Disclaimer

The author of the press releases are solely responsible for the content of their press releases. Freepressreleasedb.com can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.