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Oil Water Separator Market is expected to garner hefty returns by 2025 | Andritz AG, Compass Water Solutions, Mercer International Inc., Marine Plant Systems Pty Ltd, GEA Group AG
Oil Water Separator Market
Several European and Asian countries have imposed stringent penalties for the defaulters, who basically fail to fulfill the ecological standards which are framed for the wastewater dumping into the water resources, thus accelerating the oil water separators demand. Excessive service & maintenance cost and lack of knowledge related to this technology are some of the restraining factors for oil water separator market growth over the forecast period.
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Strict government regulations regarding the bilge disposal into the sea water coupled with growth in industrial sector will spur the oil water separator market demand by 2024. The product is used in industries for oil and sludge separation from water. These separators are also progressively used in marine sector, due to severe ecological protocols regarding the disposal of sludge and dirty water into the sea. Thus, growth in defense and marine sector will propel the global oil water separator market demand in forecast period. Moreover, growing applicability of the product in these sectors and severe ecological protocols regarding the disposal of bilge water, waste and other harmful components into the sea will further push the industry to new heights.
On the basis of geography, the industry is segmented into North America, Europe, Asia Pacific, Latin America and Middles East & Africa. Asia Pacific led by China, Japan and India is expected to be the fastest growing region in the global oil water separators market in coming year. This is due to the increasing demand for the product from general industries such as food & beverage, automotive, metal finishing, etc and strict regulation related to the waste water removal from the industries. Europe will likely lead the oil water separator market by 2024 due to the stiff Environment Protection Agency (EPA) regulations and technological advancement in the region. This in turn will positively influence the entire oil water separator market demand in coming year.
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Based on product, the market is bifurcated into coalescing, vertical gravity, hydrocyclone separators and others. The other products include petrol & oil interception, electrochemical separator, etc. Among these, coalescing is the most commonly used separator model for the waste water management in various industries due to its ease of installation, minimum maintenance required, automated, excellent capacity, and other features. These superior features will spur the oil water separator market throughout the forecast period.
Major players in the oil water separator market include Andritz AG, Compass Water Solutions, Mercer International Inc., Marine Plant Systems Pty Ltd, GEA Group AG, Sulzer Chemtech Ltd., Donaldson Company, Inc., PS International, MAHLE GmbH, Pacific Marine & Industrial, Ocean Clean GmbH, Siemens AG, Wärtsilä Oyj Abp, HydroFlo Tech LLC, Recovered Energy, Inc. (REI) and others.
Related News: https://www.marketwatch.com/press-release/oil-water-separator-market-by-regional-statistics-growth-forecast-over-2019-to-2025-2019-07-16
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