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Oil & Gas Separation Equipment Market By Product (Two Phase Separators, Three Phase Separators, Degasser, Scrubber, Deliquilizer, Heat Treaters), By Technology (Gravitational Separation, Centrifugal Separation) - Growth, Future Prospects And Competitive Analysis, 2020 - 2027

This report, titled "Oil & Gas Separation Equipment Market: Growth, Future Prospects, and Competitive Analysis, 2020–2027," offers strategic insights into the trends in the oil & gas separation equipment market along with the market size and forecast for the duration of 2017–2027. The said research study incorporates an in-depth analysis of multiple market segments based on product type, technology, and geographical distribution.

The global oil and gas separation equipment market is becoming increasingly competitive with a growing number of mergers and collaborations among market players to reach full capabilities and gain an international footprint. In addition, several players are also focused on developing their niche in the market. This market's rapid growth has also resulted in the creation of additional skilled job opportunities in major hubs across North America, Europe, Latin America, and Asia Pacific.

Based on product type, the global oil and gas separation equipment market is categorized into two-phase separators, three-phase separators, degassers, scrubbers, liquefiers, heat treaters, and others. On the basis of technology, the global oil and gas separation equipment market is segmented into gravitational, centrifugal, and other technologies. In addition, oil-producing companies, oil and gas separation equipment manufacturing industries, and academic organizations form the major client types for the oil and gas separation equipment market. This report presents the market size and forecast for all segments considered for the period 2017-2027 (US Mn), as well as their respective CAGRs for the forecast period 2020-2027 (value%).

In terms of geographical distribution, the global oil and gas separation equipment market is studied in five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.

To further elucidate, the geographical distribution of the global oil and gas separation equipment market is described as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Russia
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • Australia
  • Japan
  • China
  • Indonesia
  • Asia-Pacific region
  • Middle East and Africa (MEA)
  • GCC
  • the remainder of MEA
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • rest of Latin America

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary, for the global oil and gas separation equipment market.

The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of oil and gas separation equipment.

Based on the product type, the global oil and gas separation equipment market is segmented as follows:

  • Two-Phase Separators
  • Three-Phase Separators
  • Degasser
  • Scrubber
  • Deliquilizer
  • Heat Treaters
  • Others

The global oil and gas separation equipment market is divided into product categories. Among product types, three-phase separators are projected to be the most dominant and fastest-growing segment owing to the wide adoption of three-phase separation, which is attributed to their liquid sealing and optimum pressure characteristics. The segment is projected to witness high growth over the forecast period.

Following in its footsteps, two-phase separators are expected to account for the second-largest market share in the global oil and gas separation equipment market. To maintain high gas-to-oil ratio reservoir characteristics, two-phase separators are widely used in the primary treatment of formation fluid, primarily in onsite facilities. The segment is anticipated to witness steady growth during the forecast period (2016–2023).

Based on the technology, the global oil and gas separation market is segmented as follows:

  • Gravitational Separation
  • Centrifugal Separation
  • Others

The global oil and gas separation market is classified according to technology. Among technologies, the gravitational separation segment was observed to be the most dominant segment owing to the wide adoption of the gravitational separation method due to its effectiveness and lower operating cost.

Advancements in technology, increasing investment in exploration and production, especially for non-conventional shale gas and tight oil, and growth in crude grades produced from various geographies are driving the need for the multi-fluid phase, which in turn is projected to drive the growth of the centrifugal technology segment. The centrifugal technology segment is projected to be the fastest-growing segment during the forecast period (2020–2027).

For the purpose of this study, the global oil and gas separation equipment market is categorized into:

  • North America
  • Europe
  • Asia Pacific  
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

At present, North America is the most dominant regional market for oil and gas separation equipment, with increasing E&P activities in the region. According to the EIA, shale gas production in the U.S. has increased three times since 2011 to reach a volume of 14.6 Bcf/d in 2018. In 2014, Canada's tight oil and shale gas production reached 0.4 million bbl/d and 3.9 Bcf/d, respectively. Thus, growing E&P activities in the region, especially for nonconventional resources, are projected to fuel the demand for oil and gas separation equipment in the region.

Moreover, the growing commercial production of shale gas in the Sichuan Basin, China, coupled with growing E&P activities in Indonesia, Vietnam, and Australia, is anticipated to drive the demand for oil and gas separation equipment in Asia Pacific during the forecast period (2020–2027). The region is anticipated to grow at a significant rate and is projected to gain a significant market share in global oil and gas separation equipment by 2027.

Frequently Asked Questions:

The market for Oil & Gas Separation Equipment Market is expected to reach US$ XX Mn By 2027.

The Oil & Gas Separation Equipment Market is expected to see significant CAGR growth over the coming years, at 4.6%.

The report is forecasted from 2020-2027.

The base year of this report is 2019.

Burgess-Manning, Inc, Enviro Voraxial Technology Inc., Fenix Process Technologies, GEA Westfalia Separator Group GmbH are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Oil & Gas
Report ID:   58308
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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