Press release
Oil and Gas Separation Equipment Market: How the Business Will Grow in 2026? Prominent Players: Worthington Industries, Alfa Laval, CECO Environmental Corporation, ACS Manufacturing, Inc., Halvorsen Co., Äager GmbH, Honeywell, HAT International Ltd, Vale
The growing demand for energy has created a subsequent demand for the need for improved machinery and equipment associated with oil drilling process. The increasing well drilling activities has in turn created a subsequent demand for oil and gas separation equipment. Increasing exploration activities as well as uses of hydrocarbons will have a direct impact on the growth of the companies operating in this market. The benefits offered by these equipment, including lesser complexity and cost, coupled with the ability to transport and store this energy will have a positive impact on the growth of the market in the forthcoming years.
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Key Industry Developments:
February 2019: McDermott secured front end engineering and design (FEED) contract from Woodside Energy. The company will provide floating production unit (FPU) that is inclusive of a gas separation unit, dehydration, compressing along with Mono Ethylene Glycol (MEG) regeneration and water handling.
Market Segmentation:
By Configuation
By Product Type
By Technology
By Geography
Some of the leading companies that are operating in the global oil and gas separation equipment market are:
Worthington Industries
Alfa Laval
CECO Environmental Corporation
ACS Manufacturing, Inc.
Halvorsen Co.
Äager GmbH
Honeywell
HAT International Ltd
Valerus
Member of the SNC-Lavalin Group
Pentair Filtration Solutions, LLC
GEA Group
TechnipFMC
ANDRITZ
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Increasing Number of Company Mergers to Aid Growth
Among all factors that have contributed to the growth of the market in recent years, the increasing number of company mergers have made the highest impact. The report identifies key mergers and acquisitions (M&As) of recent times and discusses their impact on the global market. In June 2017, Schlumberger completed the acquisition of Enviro Voraxial Technology’s Voraxial Separator. The company also took over the patent trademark related to the product. The product is used to separate large volume of solids and liquids. Fortune Business Insights states Schlumberger’s latest acquisition will not only help the company generate substantial revenue, but will also have a direct impact on the growth of the market in the forthcoming years.
The report offers insights into the ongoing oil and gas separation equipment market trends. Additionally, the report encompasses several factors that have contributed to the growth of the market in recent years. The report provides forecast values for the market for the period of 2019-2026. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. The competitive landscape scenario has been discussed in detail. Factual figures have been evaluated through trusted sources. Other forecast valued have been gathered through interviews and opinions of experienced market research professionals.
North America to Hold a Substantial Market Share; Rising Oil and Gas Production to Aid Growth
Based on regional demographics, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, North America is projected to hold a considerably higher share than the others, owing to the high production of oil and gas in several parts of this region. The increasing use of shale gas will emerge in favor of the companies operating in this market. Besides North America, Europe and Asia Pacific will witness considerable CAGR in the coming years, accounting to the use of advanced technologies in several countries within these regions.
Regional Analysis:
North America (The USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Content for Oil and Gas Separation Equipment Market:
Introduction
Executive Summary
Market Dynamics
Key Insights
Global Oil and Gas Separation Equipment Market Analysis, Insights and Forecast, 2026
North America Oil and Gas Separation Equipment Market Analysis, Insights and Forecast, 2026
Europe Oil and Gas Separation Equipment Market Analysis, Insights and Forecast, 2026
Asia Pacific Oil and Gas Separation Equipment Market Analysis, Insights and Forecast, 2026
Middle East and Africa Oil and Gas Separation Equipment Market Analysis, Insights and Forecast, 2026
Latin America Oil and Gas Separation Equipment Market Analysis, Insights and Forecast, 2026
Competitive Landscape
Company Profile
Conclusion
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