The research report segments the oil and separator market by technology (gravitational, centrifugal and others), by vessel configuration (horizontal, spherical and vertical), by end-users (onshore, offshore and refineries) and by geography (Americas, EMEA and APAC).
Technavio’s analysts estimate the oil and gas separator market to grow at a CAGR of around 6% between 2015 and 2019. Much of the market’s growth comes from the Americas, which dominates the market occupying around 40% share owing to the rise in demand for energy, and growing application of separators in offshore processing facilities in the US Gulf of Mexico and offshore Brazil.
Global oil and gas separator market is categorized into gravitational, centrifugal, and others technologies. Gravitational separators led the market in 2014 accounting for a market share of around 68%. Gravitational technology is the most conventionally implemented technology, estimated to reach over $8 billion by 2019, in terms of revenue generation. The Onshore segment is a major revenue contributor of oil and gas separator market, growing at a CAGR of around 6% during the forecast period. Expansion of E&P projects to unconventional reservoirs, such as tight oil and shale gas to meet oil and gas requirements, is one of the major growth drivers of this segment.
Global oil and gas separator market by onshore 2014-2019 ($ billions)
Source: Technavio Research
“Rise in unconventional oil and gas resources is one of the key factors triggering market growth. Increased demand for oil and gas production is prompting implementation of various advanced technologies, ensuring high product recovery and financial feasibility. Separators are an inevitable part in establishing the financial feasibility of unconventional oil and gas production as well as in facilitating the transport of oil and gas to downstream processing stations by ensuring optimum pipeline fluid quality,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Top companies dominating the oil and gas separator market include Alfa Laval, FMC Technologies, Frames, Opus Maxim and Twister. Market vendors are heavily investing in onsite and refinery processing equipment like separators to boost recovery, besides
A more detailed analysis is available in the Technavio report, Global oil and gas separator market 2015-2019. We can customize reports by other regions and specific segments upon request.
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