Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Oil and Gas Separation Market to Grow at a CAGR of 4.7% During 2021-2026, Aided by the Growing Demand for Energy

According to a new report by EMR titled, ‘Global Oil and Gas Separation Market Report and Forecast 2021-2026’, the global market for oil and gas separation is projected to grow at a CAGR of 4.7% over the forecast period of 2021-2026.

The global oil and gas separation industry is being driven by the growing demand for energy and increased focus on adopting sustainable oil and gas extraction methods. North America leads the global oil and gas separation industry owing to the increased shale gas operations in the region. Within North America, the United States acts as a significant market.  In the United States, the demand for natural gas liquids (NGLs), recovered from natural gas streams, has witnessed a healthy growth over the past few years. NGLs and liquefied petroleum gas are widely used as petrochemical feedstocks in the manufacture of plastics, automotive products, and detergents, thus aiding the industry growth. Some of the major players in the industry include Honeywell International Inc. (NYSE: HON), Schlumberger NV (NYSE: SLB), and Alfa Laval Corporate AB (STO: ALFA).

The growing mergers and acquisitions by the leading players are expected to further aid the market growth. In September 2018, Honeywell (NYSE: HON) announced the acquisition of Ortloff Engineers, Ltd., an industry-leading developer providing specialised technologies to maximise gas separation, in a bid to generate high returns in natural gas processing and sulphur recovery. Ortloff will be a part of Honeywell UOP's Gas Processing and Hydrogen business. As other companies are also investing in the field gas development, the market is expected to receive a further boost. For instance, in February 2020, McDermott International, Inc. (NYSE: MDR) announced that it has signed a contract with Woodside Energy Ltd. for a floating production unit (FPU), which facilitates natural gas processing via gas separation, dehydration, etc. for the development of Scarborough field gas in Western Australia. Such developments are expected to further aid the growth of the global oil and gas separation industry over the forecast period.

Market Breakup by Technology, Vessel Type, Product Type, Application, and Region:

  • On the basis of technology, the global oil and gas separation industry is divided into gravitational separation, centrifugal separation, and others.
  • The different vessel-types available in the market are horizontal, vertical, and spherical. 
  • On the basis of product type, the industry is categorised into two-phase separators, three-phase separators, scrubbers, and others. 
  • The industry based on its application can be segmented into onshore, offshore, and refinery, among others. 
  • Region-wise, the global oil and gas separation market is divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • With the growing demand for energy, the production of oil and gas is increasing, which will significantly contribute to the industry growth. 
  • The global oil and gas separation industry is being aided by the growing adoption of non-conventional exploratory methods and favourable government policies.  
  • Rapid urbanisation, and industrialisation is providing a further impetus to the industry.
  • With the rapid advancement in technology and increased focus of manufacturers to launch enhanced products’ range, the industry is expected to witness a further growth.

Key Offerings of the Report:

  • The EMR report gives a detailed overview of the global market for oil and gas separation, providing an insight into the technologies, vessel types, product types, applications, and regional markets of oil and gas separation for the periods (2016-2020) and (2021-2026). 
  • The report also gives the average oil and gas prices for the historical (2016-2020) and forecast (2021-2026) prices.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global oil and gas separation industry are Honeywell International Inc., TechnipFMC plc, Alfa Laval Corporate AB, Halliburton Company, Schlumberger Limited, and Frames Energy Systems B.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Fuel Oil Market Report and Forecast 2021-2026


Global Vacuum Gas Oil Market Report and Forecast 2021-2026


Global Oil and Gas EPC Market Report and Forecast 2021-2026


Global Aviation Fuel Market Report and Forecast 2021-2026


Global LPG Market Report and Forecast 2021-2026


NEWSLETTER