This report titled “Oil & Gas Separation Equipment Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in oil & gas separation equipment market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on product type, technology and geographical distribution.

The global oil & gas separation equipment market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America and Asia Pacific.  

Based on product type, the global oil & gas separation equipment market is categorized into two phase separators, three phase separators, degasser, scrubber, deliquilizer, heat treaters and others. On the basis of technology, the global oil & gas separation equipment market is segmented into gravitational, centrifugal and other technology. In addition, oil producing companies, oil & gas separation equipment manufacturing industries and academic organizations form the major client types for oil & gas separation equipment market. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2024 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2024 (Value %).

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global oil & gas separation equipment market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of oil & gas separation equipment.

Based on the product type, the global oil & gas separation equipment market is segmented as follows:

• Two Phase Separators
• Three Phase Separators
• Degasser
• Scrubber
• Deliquilizer
• Heat Treaters
• Others

Global oil & gas separation equipment market is categories on the basis of product type. Among product type, the three phase separators is projected to be the most dominant segment and fastest growing segment owing to wide adoption of three phase separation attributed to its liquid sealing and optimum pressure characteristics. The segment is projected to witness high growth over the forecast period. Followed by it, two phase separator is expected to account for the second largest market share in global oil & gas separation equipment market. Wide adoption of two phase separators in primary treatment of formation fluid mainly in onsite facilities to maintain high gas to oil ratio reservoir characteristics.  The segment is anticipated to witness steady growth during the forecast period (2016-2023).

Based on the technology, the global oil & gas separation market is segmented as follows:

• Gravitational Separation
• Centrifugal Separation
• Others

Global oil & gas separation market is categories on the basis of technology. Among technologies, the gravitational separation segment was observed to be the most dominant segment owing to wide adoption of the gravitational separation method due to its effectiveness and lower operating cost. Advancement in technology along with increasing investment in exploration and production especially for the nonconventional shale gas and tight oil along with growth in crude grades produced from various geographies driving the need for the multi fluid phase which in turn is projected to drive the growth of the centrifugal technology segment. The centrifugal technology segment is projected to be the fastest growing segment during the forecast period (2016-2024).

At present, North America is the most dominant regional market for oil & gas separation equipment with increasing E& P activities in the region. According to EIA, shale gas production in U.S. has increased three times since 2011 to reach the volume of 14.6 Bcf/d in 2014. While in 2014, Canada tight oil and shale gas production has reached to 0.4 million bbl/d and 3.9 Bcf/d respectively. Thus, growing E&P activities in the region especially for non-conventional resources is projected to fuel the demand for oil & gas separation equipment in the region. Moreover, growing commercial production of shale gas at Sichuan Basin, China coupled with growing E& P activities in Indonesia, Vietnam and Australia is anticipated to drive the demand for oil & gas separation equipment in Asia Pacific during the forecast period (2016-2024). The region is anticipated to grow at significant rate and projected to gain significant market share in global oil & gas separation equipment by 2024.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Oil & Gas Separation Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Oil & Gas Separation Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Oil & Gas Separation Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Oil & Gas Separation Equipment market?
• Which is the largest regional market for Oil & Gas Separation Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Oil & Gas Separation Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Oil & Gas Separation Equipment market worldwide?