Global Oil and Gas Separation Market Forecast 2021-2026: Global Industry Trends, Opportunity, Growth, and Forecast Trends

Oil and Gas Separation Market: IMARC Group

According to the latest report by IMARC Group, titled “Oil and Gas Separation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global oil and gas separation market exhibited moderate growth during 2015-2020. Oil and gas separation refers to the process of segregation of water and natural gas from oil. Comprising natural gas and water in specific quantities, oil in its crude form is passed through a separator that is utilized to extract the gas and direct it into a separation line. The fluid is then passed through a heating unit where the difference of density between oil and water aids in the separation of the two. Additionally, it also aids in the removal of materials such as entrained solid impurities from the crude oil produced from the wells. Apart from this, a separator can also be employed for simultaneous separation of three phases: gas, liquid hydrocarbon and liquid aqueous. Looking forward, IMARC Group expects the global oil and gas separation market to grow at a CAGR of 4.2% during 2021-2026.

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Global Oil and Gas Separation Market Trends:

The global market is primarily driven by significant growth in the oil and gas industry. Technological advancements in the industry have resulted in an increased uptake of standard oilfield equipment for improving the extraction rate. Along with this, the utilization of horizontal and directional drilling methods is also contributing to the market growth. A significant rise in the adoption of non-conventional exploratory methods, along with increasing production of shale gas and oil, are creating a positive outlook for the market. Furthermore, there is increasing utilization of separators for onsite treatment and pre-processing of fluids extracted from reserves before transferring the oil to the offsite processing facilities. This saves a considerable amount of time and offers the efficient transportation of fluids, thus contributing to the market growth. Growing environmental consciousness, along with stringent governmental regulations for exploring sustainable options of oil extraction, are some of the other factors driving the market further.

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Market Breakup by Technology Type:

  1. Gravitational Separation
  2. Centrifugal Separation
  3. Others

Market Breakup by Vessel Type:

  1. Horizontal
  2. Vertical
  3. Spherical

Market Breakup by Product Type:

  1. Two-Phase Separators
  2. Three-Phase Separators
  3. Scrubbers
  4. Others

Market Breakup by Application:

  1. Onshore
  2. Offshore
  3. Refinery
  4. Others

Market Breakup by Region:

  1. North America
  2. Europe
  3. Asia Pacific
  4. Middle East and Africa
  5. Latin America

Competitive Landscape:

  1. Frames Energy Systems B.V.
  2. Honeywell International Inc.
  3. TechnipFMC plc
  4. ALFA LAVAL Corporate AB
  5. Halliburton Energy Services, Inc.
  6. Schlumberger Limited
  7. ACS Manufacturing, Inc.
  8. AMACS Process Tower Internals
  9. CECO Environmental Corporation
  10. GEA Group Aktiengesellschaft.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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