Oil and Gas Separators Market 2018 Exclusive Analysis by Renowned Players | Pall Corporation, ACS Manufacturing, Honeywell International, Unidgo Spa, Hamworthy, Sulzer, FMC Technologies, Alfa Laval, and Andritz, Etc.

Market Definition:
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. According to MRFR analysis, the global oil & gas separators market is estimated to expand at a CAGR of 4.2% during the estimated period (2017-2023).

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.

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Market Scenario:
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.

Key Players:
The leading players in the Oil & gas separator markets are Pall Corporation, ACS Manufacturing, Honeywell International, Unidgo Spa, Hamworthy, Sulzer, FMC Technologies, Alfa Laval, and Andritz.

Market Highlights:
Oil & Gas Separator is basically a pressure vessel used for separating a well stream into gaseous and liquid components. They are installed either in an onshore processing station or on an offshore platform. Based on vessel configuration, it is divided into horizontal, vertical & spherical separator. Increasing E&P activities in conventional & unconventional reservoirs in onshore & offshore location along with increased level of water production in tight reservoirs is expected to increase the oil & gas separator market and is expected to register a significant growth of 5% in the next six years.

North America region is a major shareholder of the Oil & gas separator market and expected to retain its majority during the forecast period. Asia-Pacific region is expected to grow at fastest pace during the forecast period.

Scope of the report:
This study provides an overview of the Oil & gas separator industry, tracking market segments across the categorized five geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the Oil & gas separator market based on Technology, Type, & Application.

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This release was published on openPR.