This industry research report presents a comprehensive segmentation of the global three-phase separator market in the oil and gas industry by end user (upstream industry and downstream industry), by type (horizontal, vertical, and spherical), and by geography (the Americas, APAC, and EMEA). The key leading vendors in the market are Alfa Laval Corporate AB, FMC Technologies, Frames Group, Halliburton, and MI Swaco.
Technavio’s market research analysts estimate the global three phase separator market in oil and gas industry, to grow at a CAGR of over 1% between 2016 and 2020. The revival of the oil and gas industry and technological advancements are expected to drive the demand for three-phase separators over the next four years. Horizontal separators will lead the global market for three-phase separators in the oil and gas industry, owing to their ability to handle high pressure and a large volume of gas and liquids. EMEA is expected to dominate the global three-phase separator market in the oil and gas industry, occupying around 55% of the total market share. Factors such as increasing investments in upstream activities and the recent increase in onshore and offshore oil and gas exploration and production will aid this market’s growth in the region.
The new market research report from Technavio provides a breakdown and analysis of the three phase separator segments by technology.
“Growing investments in the oil and gas industry is expected to propel the demand for three-phase separator in the coming years. Following the stabilization of oil prices after 2017, this market will witness surge in the demand for separators. Recently, REPSOL has announce its strategic plan to focus its investments in North America, Latin America, and Southeast Asia. Moreover, post-2017, there is going to be increase in the rig count, thereby boosting the demand for three-phase separators,” says Vishu Rai, Lead Analyst, Energy, Technavio Research
The upstream industry segment will monopolize this market, accounting for an impressive market share of more than 70% by 2020. The augmented demand for three-phase separators at exploration sites will lead to the steady growth of this end-user segment. Three-phase separators are extensively used in the upstream segment due to its ability to separate sand, oil, and gas into three different streams.
Global three-phase separator market in oil and gas industry by end-user
Source: Technavio, 2016
The key vendors in the global three phase separator market in oil and gas industry are Alfa Laval Corporate AB, FMC Technologies, Frames Group, Halliburton, and MI Swaco. The market in the oil and gas industry is moderately competitive and is characterized by the presence of well-diversified international vendors. Since the manufacturing process for three-phase separators involves high capital costs, manufacturers with good experience, budget, and skilled labor will dominate the market.
A more detailed analysis is available in the Technavio report, Global Three Phase Separator Market in Oil and Gas Industry 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
