Oil and Gas Separators Market Research Report
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.
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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.
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.
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.
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.
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.
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The key players of the global oil & gas separators market are 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.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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