Research and Markets: Global Oil and Gas Separation Market Analysis 2015-2020 - Technology (Gravitational, centrifugal), Product (Two-Phase Separator, Three-Phase Separator, Scrubber), & Application (Onshore, Offshore & Refinery)
Research and Markets (http://www.researchandmarkets.com/research/vcn4dl/oil_and_gas)
has announced the addition of the "Oil
and Gas Separation Market Analysis By Technology (Gravitational,
centrifugal), By Product (Two-Phase Separator, Three-Phase Separator,
Scrubber), By Application (Onshore, Offshore & Refinery) And Segment
Forecasts To 2020" report to their offering.
Global oil & gas separation market is expected to reach USD 10.68
billion by 2020
Major companies in global market have been investing heavily on R&D for
efficient oil & gas separation technology development. Key players
operating in global oil & gas separation market include Opus Company,
Pall Corporation, Unidro SpA, Hamworthy, Twister BV, Honeywell, Frames
Group, Sulzer and FMC Technologies, Alfa Laval, Andritz and Westfalia.
Favorable initiatives such as Kuwait conventions and U.S. EPA
regulations towards maintaining optimum pipeline fluid quality with low
gas to water and oil to gas ratio are expected to drive global oil & gas
separation market. Increasing environmental concerns along with strict
quality specifications are also expected to have a positive influence on
the market growth. Key market participants have been investing heavily
in R&D for technological developments to meet pipeline specific fluid
quality. Rising E&P in conventional & unconventional reservoirs in
offshore & onshore locations along with increased levels of water
production in tight reserves is also expected to impact the market
growth. Growing solid handling issues in existing plants along with high
cost of equipment upgradation is expected to remain a key challenge for
market participants.
Gravitational separation emerged as the leading oil & gas separation
technology and accounted for over 45% of total market revenue in 2013.
Gravitation is the most conventional method used for oil & gas
separation and its existing capacities coupled with its effective
separation have contributed to its growth in the past. The segment is
expected to lose some of its share to other high growth segments such as
centrifugal separation owing to increasing R&D and technological
advancements to handle multiple fluid phases and various crude oil
grades. Centrifugal technology is estimated to witness the fastest
growth at a CAGR of 4.7% from 2014 to 2020 owing to more efficient
separation mechanism.
Further key findings from the study suggest:
-
Three-phase separators were the largest product segment and accounted
for over 40% of total market revenue in 2013. It is also expected to
witness the highest growth of 4.9% over the next six years owing to
their ability to deal with solids. Scrubbers are also estimated to
witness significant growth over the forecast period on account of
efficient mist separation coupled with increasing environment
regulations for maximum particulate and GHG content in flare gases.
-
Onshore was the largest application segment and accounted for 59.6% of
total market revenue in 2013. Oil & gas separation demand in offshore
is expected to witness the highest growth rate of 5.4% from 2014 to
2020. Increasing deep sea and ultra deep sea investments in the Golden
Triangle is expected to drive this segment over the forecast period.
-
North America was the largest regional oil & gas separation market and
accounted for over 40% of total market revenue in 2013. The regional
market is expected to witness significant growth on account of large
number of shale plays in the U.S. Asia Pacific is expected to witness
the highest growth rate of 5.1% over the next six years on account of
improving oil & gas infrastructure coupled with rapid development of
shale gas E&P. Increasing offshore oil & gas development in countries
such as Malaysia, Indonesia and Vietnam is also expected to fuel the
regional market.
For the purpose of this study, the report has segmented the oil
& gas separation market on the basis of technology, product, application
and region:
Global Oil & Gas Separation Technology Outlook (Revenue, USD Million,
2012 - 2020)
- Gravitational
- Centrifugal
- Others
Global Oil & Gas Separation Product Outlook (Revenue, USD Million, 2012
- 2020)
- Two-phase separators
- Three-phase separators
- Scrubber
- Others
Global Oil & Gas Separation Application Outlook (Revenue, USD Million,
2012 - 2020)
- Onshore
- Offshore
- Refinery
- Others
Global Oil & Gas Separation Regional Outlook (Revenue, USD Million, 2012
- 2020)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Central & South America
For more information visit http://www.researchandmarkets.com/research/vcn4dl/oil_and_gas
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Copyright Business Wire 2015
Source: Business Wire
(November 2, 2015 - 9:20 AM EST)
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