Global oil& gas separation equipment market size is
expected to reach USD 8.82 billion by 2022, according to a new report by Grand
View Research, Inc. Increasing exploration and production, coupled with
stringent regulations regarding pipeline specific processed fluids are expected
to drive industry demand. Installation of several on-site and off-site
processing facilities, particularly in Canada, Mexico, Russia and Indonesia has
seen a surge in separation equipment demand in recent times. Technology
innovation to manage complex processing setbacks adhering to international
standards coupled with all the aforementioned factors are expected to drive
global oil & gas separation equipment industry.
Three-phase separators emerged as the
highest grossing product segment and accounted for 40.8% of total revenue in
2014. The segment is also anticipated to witness the fastest growth over the
next seven years owing to added advantages in terms of optimum pressure and
liquid sealing. Large number of existing as well as upcoming installations of
this equipment coupled with multi-applicability of these separators in
offshore, onshore, refineries and gas processing facilities may be attributed
for their high demand.
Full Research Report On oil & gas separation
equipment market Analysis:
http://www.grandviewresearch.com/industry-analysis/global-oil-gas-separation-equipment-market
Further key findings from the study suggest:
·
Global oil & gas separation equipment
market was valued at USD 6,386.1 million in 2014 and is expected to reach USD
8,815.6 million by 2022, growing at a CAGR of 4.2% from 2014 to 2022.
·
Global scrubber market was valued at USD
827.3 million in 2014 and is estimated to witness significant gain in its
market share over the forecast period. Increasing awareness towards maintaining
optimum air quality and green house gas (GHG) emissions from refinery flare is
expected to drive this segment.
·
North America was the largest consumer for
these separation equipments and accounted for over 35% of the global revenue in
2014. Increasing gas production in majority of existing shale basins of Alberta
and Utica in Canada and Eagle Ford basin in the U.S. has led to capacity
additions of on-site processing facilities, which has prompted the demand for
oil & gas separation equipments.
·
Asia Pacific is anticipated to witness the
fastest growth rate over next seven years owing to dramatic development of both
offshore and onshore reserves in China, Indonesia, India and Malaysia. The
regional market is projected to grow at a CAGR of 5.1% from 2015 to 2022.
·
Chinese government’s plans to exploit its
shale reserves have furthered the market expansion and are expected to create
immense potential for processing equipment over the forecast period
·
Major companies operating in global oil
& gas separation equipment industry include Alfa Laval, Worthington
Industries, Amacs, Fenix Process Technologies, ACS Manufacturing Inc.,
Burgess-Manning, Inc, Honeywell, and Godrej Process Equipment.
View
More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the oil & gas separation equipment
market on the basis of product, and region:
Product Outlook (Revenue, USD Million, 2012
- 2022)
·
Two Phase Separators
·
Three Phase separators
·
Degasser
·
Scrubber
·
Deliquilizer
·
Heat Treaters
·
Others
Regional Outlook (Revenue, USD Million,
2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
·
Middle East & Africa (MEA)
o
Saudi Arabia
·
Central & South America (CSA)
o
Brazil
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-polyamide-imide-pai-market
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
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
