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Crude Oil Desalter & Electrostatic Dehydrator Market, Competitive Industry Share & Forecast, 2017 – 2024
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Increasing investment for upgradation and expansion of refineries mainly in China and India will positively encourage the crude oil desalter and electrostatic dehydrator market size. The China-Venezuela Joint Commission is planning to expand Puerto La Cruz refinery. This alliance will raise the capacity of the refinery from 129,000 to 210,000 barrels of oil per day. The declining crude oil prices leading to higher refinery profit margins will further propel the industry size.
Increasing demand for desalter and dehydrator equipment to reduce the salt and water content across upstream and downstream sector will stimulate crude oil desalter and electrostatic dehydrator market share. The most common salts present in crude oil are calcium chloride, sodium chloride and magnesium chlorides. Salts present in the crude oil poison the processing catalysts and promote corrosion.
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Crude oil desalter and electrostatic dehydrator market can be broadly segmented into crude oil desalter and electrostatic dehydrator. Crude oil desalter finds wide application in the downstream sector. It can be segmented into single, double and triple stage crude oil desalter. In 2014, double stage crude oil desalter witnessed the highest growth owing to rising acceptance of heavy crude oil in refineries. Triple stage crude oil desalter is expected to witness growth subject to its ability to provide 98 percent efficiency in salt removal.
Based on type, Electrostatic dehydrator market can be segmented into AC, DC, and AC-DC electrostatic dehydrator. Electrostatic dehydrators are mainly used in upstream operations including FPSOs. Alternating current (AC) is anticipated to witness growth due to its reliability and operational simplicity features unlike DC / AC+DC which have tendency of arching and electricity complexity. DC electrostatic dehydrator is expected to witness growth on account of its ability to dehydrate refined petroleum products having less water content and light crude oil.
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Middle East & Africa accounted for the major share in global crude oil desalter and electrostatic dehydrator market in 2014. Increasing exploration and production in Saudi Arabia will encourage the industry growth. In Middle East countries including Iran, Iraq, Saudi Arabia, Kuwait, and UAE are the largest oil producing countries.
Asia Pacific crude oil desalter and electrostatic dehydrator market share is anticipated to witness strong growth owing to increasing investment towards refinery expansions mainly in China and India. In 2017, HPCL announced to invest USD 150,000 million to expand the Mumbai refinery to produce diesel and gasoline, meeting euro IV quality specifications.
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North America crude oil desalter and electrostatic dehydrator market is expected to witness significant growth owing to increasing exploration and production of shale gas.
Key players in the global crude oil desalter and electrostatic dehydrator market are Cameron International, Agar, Canadian Petroleum Processing Equipment, Custom Process Equipment, Croda International, EN-FAB, Fjords Processing AS, Engineering Technology & Innovation, Forum Energy Technologies, GasTech Engineering, Frames Group, Komax Systems., Petro Techna International, Mackenzie Hydrocarbons, Prosernat S.A., VME Process, and Process Group.
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