The global oil and gas separation market exhibited moderate growth during 2015-2020. Oil and gas separation is the process of removing water and natural gas from oil. Oil, as derived in its natural form, is usually a mixture containing small amounts of water and natural gas. In order to extract pure oil or natural gas suitable for market supply, the mixture is first passed through a device that extracts the gas and directs it into a separation line. The remaining mixture of oil and water, containing a small amount of natural gas, is passed through a heating unit where the oil gets separated from the water owing to the difference in their density. The residual natural gas rises to the top and is then extracted for processing and burning, whereas water is separated and stored for further treatment. Additional separation of oil from wastewater is done using hydro-cyclones that spin the mixture and use acceleration to separate the liquids. Looking forward, IMARC Group expects the global oil and gas separation market to grow at a CAGR of 4.2% during 2021-2026.
The thriving oil and gas industry is one of the key factors driving the market growth. Significant economic advancements in both developed and emerging nations coupled with the rise in disposable incomes have led to the growing demand for energy across the globe. In order to meet this rapidly escalating demand, there has been a rise in the number of exploratory activities for conventional and non-conventional energy resources. Furthermore, increasing production of shale gas and oil is also contributing to the demand for oil and gas separators. Additionally, governments of several countries are exploring sustainable options of oil extraction, which is expected to significantly drive the market growth.
IMARC Group’s latest report provides a deep insight into the global oil and gas separation market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the oil and gas separation market in any manner.
Historical, Current and Future Market Trends
Market Breakup by Technology Type:
Market Breakup by Vessel Type:
Market Breakup by Product Type:
Market Breakup by Application:
Market Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Frames Group, Honeywell, FMC Technologies, ALFA LAVAL, Halliburton, Schlumberger, ACS Manufacturing, AMACS, CECO Environmental, GEA Westfalia Separator Group, etc.
Key questions answered in this report:
How has the global oil and gas separation market performed so far and how will it perform in the coming years?
What are the key regional markets in the global oil and gas separation industry?
What has been the impact of COVID-19 on the global oil and gas separation industry?
What is the breakup of the market based on the technology type?
What is the breakup of the market based on the vessel type?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global oil and gas separation industry?
What are the key driving factors and challenges in the global oil and gas separation industry?
What is the structure of the global oil and gas separation industry and who are the key players?
What is the degree of competition in the global oil and gas separation industry?
What are the profit margins in the oil and gas separation industry?