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The global oil and gas separation market is anticipated to register a CAGR of 4.7% during the forecast period of 2024-2032.
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The oil and gas separation market growth is primarily driven by the rising environmental concerns of the emission of greenhouse gases, stringent governmental regulations for exploring sustainable options of oil extraction, and increasing demand for energy across the globe.
On the basis of product type, the three-phase separator segment accounted for the largest market share in 2020 and is estimated to retain its dominance over the forecast period of 2024-2032. In addition, the scrubber segment is expected to be the fastest-growing segment during the assessment years. Based on the technology type, the global oil and gas separation industry is dominated by gravitational separation segment in 2020. The gravitational separation technology has a lower operating cost, which in turn is projected to drive the industry growth. The centrifugal separation segment, however, is likely to register the highest CAGR over the forecast period of 2024-2032.
North America is accounted for the largest market share in the global oil and gas separation industry, owing to the increasing exploration and generation of conventional and non-conventional resources, which is expected to propel the industry growth in the region. The Asia Pacific is estimated to grow at a significant CAGR during the forecast year on account of favourable government policies.
Oil and gas separation is the method of removing natural gas and water from the oil. Comprising of natural gas and water in definite quantities, crude oil is passed through a separator that is utilised to extract the gas and direct it into a separation line. The fluid is then passed through a heating unit, separating the water due to the difference in their densities. Furthermore, it also helps in the removal of solid impurities from crude oil. A separator can also be deployed to separate the three phases: gas, liquid hydrocarbon, and liquid aqueous.
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The industry can be broadly segregated on the basis of its technology type segment into:
The industry can be bifurcated based on its vessel type segment into:
On the basis of product type, the industry is segmented into:
The market can be broadly categorised on the basis of its applications segment into:
The EMR report looks into the regional markets like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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The growing adoption of non-conventional exploratory methods coupled with increasing production of shale gas and oil are expected to drive the market growth. Furthermore, increasing utilisation of separators for onsite treatment as well as for pre-processing of fluids extracted from reserves is also fuelling the demand for the oil and gas separation market in the upcoming years. The growing environmental concerns and stringent governmental regulations for exploring sustainable options of oil extraction are some of the other factors expected to drive the market during 2024-2032.
The report presents a detailed analysis of the following key players in the global oil and gas separation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology Type |
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| Breakup by Vessel Type |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Oil and Gas Separation Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In the forecast period of 2024-2032, the global oil and gas separation market is expected to witness a CAGR of 4.7%.
The major drivers of the industry, such as rising disposable incomes, increasing population, growing energy demand, increasing adoption of non-conventional exploratory methods, and rising use of separators for onsite treatment are expected to aid the market growth.
The rapidly growing environmental concerns regarding the emission of greenhouse gases and the introduction of stringent governmental regulations for exploring sustainable options of oil extraction are the major trends guiding the growth of the industry.
The major regions in the markets are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.
The dominant technology in the industry is gravitational separation.
The leading vessel types in the industry are horizontal, vertical, and spherical.
Three-phase separators are the major product types in the industry.
The significant application segments in the industry are onshore, offshore, and refinery, among others.
The key players in the industry are Honeywell International Inc., TechnipFMC plc, Alfa Laval Corporate AB, Halliburton Company, Schlumberger Limited, and Frames Energy Systems B.V., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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