“The global oil water separator market is projected to grow at a CAGR of 3.9% from 2017 to 2022”
The global oil water separator market is projected to reach USD 9.13 billion by 2022, at a CAGR of 3.9% from 2017 to 2022. The demand for oil water separators is expected to increase during the forecast period due to the growth of aluminum smelting and automobile industries in the Middle East, the automobile industry in the South American region, and the iron & steel, automobile, and aluminum smelting industries in the Asia Pacific region. However, the high cost of customized oil water separators is expected to restrain the growth of the oil water separator market, as customization requires a high degree of specialization that increases the final cost of the product.
“The industrial segment is estimated to be the largest application segment of the global oil water separator market in 2017”
Based on application, the oil water separator market has been segmented into industrial, marine, aerospace, power generation, defense, and others (that include academic and research institutions). The industrial application segment is anticipated to lead the global oil water separator market in 2017, owing to rapid urbanization and industrialization across the globe, and stringent implementation of various government regulations on the discharge of wastewater into the environment.
“The above ground OWS segment is estimated to be the largest type segment of the global oil water separator market in 2017”
Based on type, the oil water separator market has been segmented into above ground OWS, below ground OWS, and marine OWS. The above ground OWS segment is estimated to lead the global oil water separator market in 2017. This growth is mainly driven by the increasing demand for above ground oil water separators from chemicals, petrochemicals, automobiles, and food & beverages industries.
“Europe is projected to lead the global oil water separator market during the forecast period”
Europe is projected to be the largest market for oil water separator during the forecast period. Germany is considered to be the most lucrative market for oil water separators in the European region. In terms of compliance with the EU regulations for wastewater discharge, Germany is ahead of several European countries. The European Union has adopted comprehensive legislations concerning wastewater treatment. In this regard, the Water Framework Directive has set high environmental quality standards for rivers, lakes, groundwater, and coastal waters. Furthermore, the Urban Waste Water Treatment Directive in Europe aims at protecting the environment from adverse effects of urban wastewater discharge.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 35%, Tier 2 – 35%, and Tier 3 – 30%
- By Designation: C level – 25%, Director level – 30%, and Others – 45%
- By Region: North America – 40%, Europe – 25%, Asia Pacific – 20%, and the Middle East & Africa and South America – 15%
Furthermore, as a part of qualitative analysis, the research provides a comprehensive overview of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players, such as Alfa Laval AB (Sweden), Andritz AG (Austria), GEA Group AG (Germany), AB SKF (Sweden), Siemens AG (Germany), Sulzer Chemtech Ltd. (Switzerland), Parker-Hannifin Corporation (US), W?rtsil? Oyj Abp (Finland), and Donaldson Company, Inc. (US), among others.
The report defines, segments, and forecasts the global oil water separator market on the basis of application, type, and region. It provides detailed information regarding major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the market. It strategically profiles key players and comprehensively analyzes their core competencies as well as tracks and analyzes competitive developments such as partnerships, contracts, and joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities in the market.
Reasons To Buy the report:
The report will help market leaders/new entrants by providing them the closest approximations of revenue numbers for the global oil water separator market and its subsegments. This report will help stakeholders better understand the competitor landscape, and gain worthy insights to better position their businesses and make suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, challenges, and opportunities.