San Francisco, 09
January, Oil And Gas Separation Market Analysis By Technology (Gravitational,
centrifugal), By Product (Two-Phase Separator, Three-Phase Separator,
Scrubber), By Application (Onshore, Offshore & Refinery) And Segment Forecasts
To 2020
Global Oil And Gas Separation Market is
expected to reach USD 10.68 billion by 2020, according to a new study by Grand
View Research, Inc. Favorable initiatives such as Kuwait conventions and U.S.
EPA regulations towards maintaining optimum pipeline fluid quality with low gas
to water and oil to gas ratio are expected to drive global oil & gas
separation market. Increasing environmental concerns along with strict quality
specifications are also expected to have a positive influence on the market
growth. Key market participants have been investing heavily in R&D for
technological developments to meet pipeline specific fluid quality. Rising
E&P in conventional & unconventional reservoirs in offshore &
onshore locations along with increased levels of water production in tight
reserves is also expected to impact the market growth. Growing solid handling
issues in existing plants along with high cost of equipment upgradation is
expected to remain a key challenge for market participants.
Gravitational separation
emerged as the leading oil & gas separation technology and accounted for
over 45% of total market revenue in 2013. Gravitation is the most conventional
method used for oil & gas separation and its existing capacities coupled
with its effective separation have contributed to its growth in the past. The
segment is expected to lose some of its share to other high growth segments
such as centrifugal separation owing to increasing R&D and technological
advancements to handle multiple fluid phases and various crude oil grades.
Centrifugal technology is estimated to witness the fastest growth at a CAGR of
4.7% from 2014 to 2020 owing to more efficient separation mechanism.
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Report On Oil And Gas Separation Market Analysis:
Further key findings from the study suggest:
·
Three-phase separators were the
largest product segment and accounted for over 40% of total market revenue in
2013. It is also expected to witness the highest growth of 4.9% over the next
six years owing to their ability to deal with solids. Scrubbers are also
estimated to witness significant growth over the forecast period on account of
efficient mist separation coupled with increasing environment regulations for
maximum particulate and GHG content in flare gases.
·
Onshore was the largest
application segment and accounted for 59.6% of total market revenue in 2013.
Oil & gas separation demand in offshore is expected to witness the highest
growth rate of 5.4% from 2014 to 2020. Increasing deep sea and ultra deep sea
investments in the “Golden Triangle” is expected to drive this segment over the
forecast period.
·
North America was the largest
regional oil & gas separation market and accounted for over 40% of total
market revenue in 2013. The regional market is expected to witness significant
growth on account of large number of shale plays in the U.S. Asia Pacific is
expected to witness the highest growth rate of 5.1% over the next six years on
account of improving oil & gas infrastructure coupled with rapid
development of shale gas E&P. Increasing offshore oil & gas development
in countries such as Malaysia, Indonesia and Vietnam is also expected to fuel
the regional market.
·
Major companies in global
market have been investing heavily on R&D for efficient oil & gas
separation technology development. Key players operating in global oil &
gas separation market include Opus Company, Pall Corporation, Unidro SpA,
Hamworthy, Twister BV, Honeywell, Frames Group, Sulzer and FMC Technologies,
Alfa Laval, Andritz and Westfalia.
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Grand View Research At: www.grandviewresearch.com/industry/conventional-energy
Grand View Research has segmented the oil
& gas separation market on the basis of technology, product, application
and region:
Global Oil & Gas Separation
Technology Outlook (Revenue, USD Million, 2012 - 2020)
·
Gravitational
·
Centrifugal
·
Others
Global Oil & Gas Separation
Product Outlook (Revenue, USD Million, 2012 - 2020)
·
Two-phase separators
·
Three-phase separators
·
Scrubber
·
Others
Global Oil & Gas Separation
Application Outlook (Revenue, USD Million, 2012 - 2020)
·
Onshore
·
Offshore
·
Refinery
·
Others
Global Oil & Gas Separation
Regional Outlook (Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
Middle East & Africa
·
Central & South America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
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