"Global Oil and Gas Separator Market 2015-2019" Published

From: Fast Market Research, Inc.
Published: Wed Sep 02 2015

Separators used in the oil and gas industry are pressure vessels that segregate well streams into respective liquid and gaseous components. The applications of separators range from on-site primary separation to refinery process separations. Horizontal, vertical, and spherical are the main types of oil and gas separators. Based on the fluids to be separated, the separators can be divided into two groups: oil or gas or water three-phase separator and liquid or gas two-phase separator. Separators can also be classified as degassers, deliquizers, primary-phase, test, low-pressure, and high-pressure separators based on their application. They are usually designed in three stages, namely, preliminary stage, second stage, and third stage to meet the requirements of a project. Gravitational and centrifugal technologies are used to achieve the required efficiency of separation. In addition, the degree of separation is determined based on factors such as separator operating pressure, fluid flow regime (turbulent or laminar), and residence time of the fluid mixture.

Technavio's analysts forecast the global oil and gas separator market to grow at a CAGR of 5.52% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "The growing need for energy security positively effects market growth, as separators are necessary for oil and gas production. Advanced separation technologies such as gas-liquid cylindrical cyclone, caisson separators, and pipe separators can boost production activities and reduce the demand-supply gap globally. Vendors from various countries are using these new technologies to reduce their oil and gas processing costs and meet larger energy-security goals. As a result, the market is poised for growth during the forecast period."

According to the report, the increased demand for oil and gas along with the rise in oil and gas production activities is boosting market growth. Growing demand encourages large investments in advanced technologies to optimize refinery operations, thus ensuring high product recovery and financial feasibility. With the decline in availability of "easy oil" worldwide, high product recovery and low-processing cost will ensure a supply-demand balance by enhancing access to oil and gas in previously inaccessible formations.

Further, the report states that growth of the global oil and gas separator market is hindered by the lack of skilled labor.

The key players in the Global Oil and Gas Separator Market are Alfa Laval, FMC Technologies, Frames, Opus Maxim and Twister while other prominent vendors include ACS Manufacturing, AMACS, Andritz, BNF Engineering (Singapore), GEA Westfalia, Hamworthy, HBP Company, Hydrasep oil/water separators, J. W. Williams, Sulzer, Surface Equipment, Unidro and Honeywell International

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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