PUBLISHER: IMARC | PRODUCT CODE: 1467898
PUBLISHER: IMARC | PRODUCT CODE: 1467898
The global oil and gas separation market size reached US$ 14.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global oil and gas separation market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on technology type, vessel type, product type and application.
Gravitational Separation
Centrifugal Separation
Others
Horizontal
Vertical
Spherical
Two-Phase Separators
Three-Phase Separators
Scrubbers
Others
Onshore
Offshore
Refinery
Others
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
The report has also analysed the competitive landscape of the market with some of the key players being Frames Energy Systems B.V., Honeywell International Inc., TechnipFMC plc, ALFA LAVAL Corporate AB, Halliburton Energy Services, Inc., Schlumberger Limited, ACS Manufacturing, Inc., AMACS Process Tower Internals, CECO Environmental Corporation, and GEA Group Aktiengesellschaft, etc.