PUBLISHER: The Business Research Company | PRODUCT CODE: 1409651
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409651
“Oil Water Separator Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on oil water separator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for oil water separator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The oil water separator market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
An oil water separator is a piece of equipment designed to purify wastewater by effectively separating oils, grease, and hydrocarbons, particularly in industrial or commercial settings where water may become contaminated with oil. The separation process relies on differences in spacing and density.
The primary types of oil water separators include above-ground, below-ground, marine, API series-based separators, enhanced gravity-based separators, and pressure-rated separators. Above-ground oil water separators are specifically employed to extract large quantities of free or mechanically emulsified oils from a waste stream. They utilize various technologies such as gravity, bioremediation, electrochemical processes, centrifugal force, and coalescing, catering to diverse applications in industries such as industrial, marine, aerospace, power generation, defense, and others.
The oil water separators market research report is one of a series of new reports from The Business Research Company that provides oil water separators market statistics, including oil water separators industry global market size, regional shares, competitors with an oil water separators market share, detailed oil water separators market segments, market trends and opportunities, and any further data you may need to thrive in the oil water separators industry. This oil water separators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The oil water separator market size has grown strongly in recent years. It will grow from $8.82 billion in 2023 to $9.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth observed in the historical period can be attributed to factors such as the pursuit of cost efficiency and resource conservation, increased environmental awareness and regulations, the impact of industrialization leading to heightened wastewater generation, activities related to marine and offshore operations, and the ongoing development of specialized solutions.
The oil water separator market size is expected to see strong growth in the next few years. It will grow to $11.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to the integration of smart monitoring systems, a growing demand for compact and mobile solutions, an expansion in marine and offshore operations, a heightened focus on sustainable solutions, and an increase in oil and gas production. Notable trends in this period include the enforcement of stringent environmental regulations, a rise in industrial activities, increasing awareness of water conservation, a demand in the marine and offshore industries, and a notable focus on energy efficiency.
The oil-water separator market is anticipated to experience growth due to accelerated industrialization in the foreseeable future. Industrialization signifies the transformation of an economy from manual labor dependence to one powered by machine labor, leading to advanced mechanical mass production. Oil-water separators play a vital role in purifying industrial byproducts discharged into water. Global manufacturing output witnessed a 7.2% increase in 2021, and the international manufacturing contribution to total GDP grew from 16.2% to 16.9% during the past six years, as reported by the United Nations Organization. This trend indicates that accelerated industrialization is a driving force for the oil-water separator market.
The oil-water separator market is expected to grow further due to the increasing awareness of environmental sustainability. Environmental sustainability involves using natural resources to meet current needs without compromising the ability of future generations to fulfill their requirements. Oil-water separators contribute to environmental sustainability by preventing oil and grease pollution in water bodies. A survey by The Asahi Glass Foundation revealed a growing awareness of Sustainable Development Goals (SDGs) achievement, with an average perceived level of 35% in 2023. This awareness is influencing the growth of the oil-water separator market.
A prominent trend in the oil-water separator market is product innovation, with major companies focusing on developing cutting-edge products to enhance their market position. Walker Filtration, a UK-based manufacturer specializing in compressed air, oil, gas, and vacuum purification technologies, introduced the SmartSep Oil-Water Separator in September 2022. This innovative product, designed for condensate processing, employs advanced filtering and sensing technologies to refine hydrocarbon condensate for safe disposal. The SmartSep's design adapts to diverse flows and climates in compressed air production systems, offering efficient filtering to protect the environment.
Major companies in the oil-water separator market are also concentrating on creating innovative products such as automated centrifugal separation systems to gain a competitive advantage. Alfa Laval AB, a Sweden-based manufacturer, launched PureBilge Compact in February 2023. This compact version of the oily water separator PureBilge is designed to extend its benefits to vessels of all sizes. The PureBilge Compact provides a modular solution for small-segment vessels, integrating an advanced EPC 70 automated control and monitoring system for user-friendly operation.
In August 2021, H2O Inc., a US-based water treatment solutions company, acquired the assets of Boss Separators from Recovered Energy Inc., enhancing solutions and expanding alternatives for customers in both companies. Recovered Energy Inc., a US-based manufacturer of oil-water separators for the maritime sector, was part of this acquisition.
Major companies operating in the oil water separator market report are Alfa Laval AB, ZCL Composites Inc., Filtration Group Industrial, Containment Solutions Inc., Andritz AG, Parker Hannifin Corp., Donaldson Company Inc., Siemens AG, GEA Group AG, Compass Water Solutions Inc., RWO GmbH, Eron Corporaton, WesTech Engineering LLC., Wartsila Corporation, HSN-KIKAI-KOGYO Co. Ltd., WILBUR-ELLIS COMPANY LLC, Mercer International Inc., Parkson Corporation, HydroFlo Tech LLC, Saint Dizier Environment, Freytech Inc., PS International., Genoil Inc., Kanagawa Kiki Kogyo Co. Ltd., Mahle GmbH, Wartsila Oyj Abp, SFC Energy AG, EaglePicher Technologies LLC, Denchi Power Ltd., Concorde Battery Corporation .
Europe was the largest region in the oil-water separator market in 2023. The regions covered in the oil water separator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the oil water separator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The oil water separator market includes revenues earned by entities by providing services such as conventional gravity separators, parallel plate gravity separators, hydrocyclone water oil separator systems, floating separators. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.