According to the latest market research study, the global high-pressure oil and gas compressor market is expected to grow at a CAGR of close to 2% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global high-pressure oil and gas market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the vessel type
|
PRODUCT TYPE |
MARKET SHARE 2016 (%) |
|
Horizontal |
70.00% |
|
Vertical |
23.21% |
|
Spherical |
6.79% |
Source: Technavio
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The top three revenue contributing vessel type segments are discussed below
Global horizontal HPOGS market: In 2016, the global horizontal HPOGS market accounted for around 70% of the overall market share to become the key revenue generating market segment. Horizontal separators dominate the market due to their ability to handle a large volume of gas and liquids and are more suitable for offshore and deepwater reservoirs. The increase in offshore and deepwater E&P across various countries is likely to fuel further growth of this market during the forecast period.
“In recent years, the oil and gas industry’s growth curve has declined due to the recent decrease in oil prices. Additionally, it was also noted that the discovery of new oil and gas reservoirs dropped to their lowest level due to the industry’s decline in growth,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on power.
Global vertical HPOGS market: Vertical separators are used when the volume of gas and liquid is low. Since these separators can handle only small pressure and volumes, their use is limited in the oil and gas industry. As a result, the global vertical HPOGS market is likely to experience slow but steady growth during the forecast period.
Global spherical HPOGS market: Spherical separators are not used widely as they have limited surge capability and are difficult to fabricate. This increases the expenses on the maintenance of the equipment. The ease of transportation and compact size of spherical HPOGS make them ideal for packed processing areas.
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The top vendors operating in the global high-pressure oil and gas separator market are:
- Alfa Laval
- FMC Technologies
- Frames Energy Systems
- Halliburton
- M-I SWACO
Other prominent vendors in the market include ACS Manufacturing, AMACS, Burgess-Manning, Cameron, eProcess Technologies, Exterran, Grand Prix Engineering, HAT International, HYDRASEP, Kirk Process Solutions, Kubco Decanter Services, KW International, Metano Impianti, China Oil HBP Technology, Oil Water Separator Technologies, Peerless Europe Limited, Separator Spares & Equipment, Sepco Process, SMICO Manufacturing, SOPAN O&M Company, Stanley Filter Company, Sulzer, Surface Equipment, and Zeta-Pdm.
A more detailed analysis is available in the Technavio report titled, ‘Global High-pressure Oil and Gas Separator Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Three-Phase Separator Market in the Oil and Gas Industry 2016-2020
- Global Process Plant Equipment in Oil and Gas Industry 2016-2020
- Global Gas Analyzer Market 2016-2020
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