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Global Oil and Gas Separation Market to Grow at a CAGR of 4.7% During 2024-2032, Aided by the Growing Demand for Energy

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Global Oil and Gas Separation Market Size, Share, Growth: By Technology Type: Gravitational Separation, Centrifugal Separation, Others; By Vessel Type: Horizontal, Vertical, Spherical, By Product Type; By Application; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Oil and Gas Separation Market Outlook

The global oil and gas separation market is anticipated to register a CAGR of 4.7% during the forecast period of 2024-2032.

Global Oil and Gas Separation Market

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The oil and gas separation market growth is primarily driven by the rising environmental concerns of the emission of greenhouse gases, stringent governmental regulations for exploring sustainable options of oil extraction, and increasing demand for energy across the globe.

On the basis of product type, the three-phase separator segment accounted for the largest market share in 2020 and is estimated to retain its dominance over the forecast period of 2024-2032. In addition, the scrubber segment is expected to be the fastest-growing segment during the assessment years. Based on the technology type, the global oil and gas separation industry is dominated by gravitational separation segment in 2020. The gravitational separation technology has a lower operating cost, which in turn is projected to drive the industry growth. The centrifugal separation segment, however, is likely to register the highest CAGR over the forecast period of 2024-2032.

North America is accounted for the largest market share in the global oil and gas separation industry, owing to the increasing exploration and generation of conventional and non-conventional resources, which is expected to propel the industry growth in the region. The Asia Pacific is estimated to grow at a significant CAGR during the forecast year on account of favourable government policies.

Properties and Applications

Oil and gas separation is the method of removing natural gas and water from the oil. Comprising of natural gas and water in definite quantities, crude oil is passed through a separator that is utilised to extract the gas and direct it into a separation line. The fluid is then passed through a heating unit, separating the water due to the difference in their densities. Furthermore, it also helps in the removal of solid impurities from crude oil. A separator can also be deployed to separate the three phases: gas, liquid hydrocarbon, and liquid aqueous.

Global Oil and Gas Separation Market By Application

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The industry can be broadly segregated on the basis of its technology type segment into:

Gravitational Separation
Centrifugal Separation
Others

The industry can be bifurcated based on its vessel type segment into:

Horizontal
Vertical
Spherical

On the basis of product type, the industry is segmented into:

Two-Phase Separators
Three-Phase Separators
Scrubbers
Others

The market can be broadly categorised on the basis of its applications segment into:

Onshore
Offshore
Refinery
Others

The EMR report looks into the regional markets like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Global Oil and Gas Separation Market By Region

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Market Analysis

The growing adoption of non-conventional exploratory methods coupled with increasing production of shale gas and oil are expected to drive the market growth. Furthermore, increasing utilisation of separators for onsite treatment as well as for pre-processing of fluids extracted from reserves is also fuelling the demand for the oil and gas separation market in the upcoming years. The growing environmental concerns and stringent governmental regulations for exploring sustainable options of oil extraction are some of the other factors expected to drive the market during 2024-2032.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global oil and gas separation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

Honeywell International Inc.
TechnipFMC plc
Alfa Laval Corporate AB
Halliburton Company
Schlumberger Limited
Frames Energy Systems B.V.
Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Technology Type Vessel Type Product Type Application Region
Breakup by Technology Type	Gravitational Separation Centrifugal Separation Others
Breakup by Vessel Type	Horizontal Vertical Spherical
Breakup by Product Type	Two-Phase Separators Three-Phase Separators Scrubbers Others
Breakup by Application	Onshore Offshore Refinery Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Honeywell International Inc. TechnipFMC plc Alfa Laval Corporate AB Halliburton Company Schlumberger Limited Frames Energy Systems B.V. Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Oil and Gas Separation Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Oil and Gas Separation Historical Market (2018-2023)
   8.3   Global Oil and Gas Separation Market Forecast (2024-2032)
   8.4   Global Oil and Gas Separation Market by Technology Type
       8.4.1   Gravitational Separation
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Centrifugal Separation
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Others
   8.5   Global Oil and Gas Separation Market by Vessel Type
       8.5.1   Horizontal
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Vertical
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Spherical
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
   8.6   Global Oil and Gas Separation Market by Product Type
       8.6.1   Two-Phase Separators
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Three-Phase Separators
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Scrubbers
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Others
   8.7   Global Oil and Gas Separation Market by Application
       8.7.1   Onshore
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Offshore
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Refinery
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Others
   8.8 Global Oil and Gas Separation Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Oil and Gas Separation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Oil and Gas Separation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Oil and Gas Separation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Oil and Gas Separation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Oil and Gas Separation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Honeywell International Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 TechnipFMC plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Alfa Laval Corporate AB
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Halliburton Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Schlumberger Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Frames Energy Systems B.V.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Oil and Gas Separation Market: Key Industry Highlights, 2018 and 2032
2.   Global Oil and Gas Separation Historical Market: Breakup by Technology Type (USD Billion), 2018-2023
3.   Global Oil and Gas Separation Market Forecast: Breakup by Technology Type (USD Billion), 2024-2032
4.   Global Oil and Gas Separation Historical Market: Breakup by Vessel Type (USD Billion), 2018-2023
5.   Global Oil and Gas Separation Market Forecast: Breakup by Vessel Type (USD Billion), 2024-2032
6.   Global Oil and Gas Separation Historical Market: Breakup by Product Type (USD Billion), 2018-2023
7.   Global Oil and Gas Separation Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
8.   Global Oil and Gas Separation Historical Market: Breakup by Application (USD Billion), 2018-2023
9.   Global Oil and Gas Separation Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.   Global Oil and Gas Separation Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Oil and Gas Separation Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   North America Oil and Gas Separation Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Oil and Gas Separation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Oil and Gas Separation Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Oil and Gas Separation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Oil and Gas Separation Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Oil and Gas Separation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Oil and Gas Separation Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Oil and Gas Separation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Oil and Gas Separation Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Oil and Gas Separation Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Oil and Gas Separation Market Structure

Key Questions Answered in the Report

What is the forecast outlook of the global oil and gas separation market for 2024-2032?

In the forecast period of 2024-2032, the global oil and gas separation market is expected to witness a CAGR of 4.7%.

What are the major market drivers?

The major drivers of the industry, such as rising disposable incomes, increasing population, growing energy demand, increasing adoption of non-conventional exploratory methods, and rising use of separators for onsite treatment are expected to aid the market growth.

What are the key industry trends of the global oil and gas separation market?

The rapidly growing environmental concerns regarding the emission of greenhouse gases and the introduction of stringent governmental regulations for exploring sustainable options of oil extraction are the major trends guiding the growth of the industry.

What are the major regions of oil and gas separation according to the market report?

The major regions in the markets are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.

What is the dominant technology in the industry?

The dominant technology in the industry is gravitational separation.

What are the leading vessel types in the industry?

The leading vessel types in the industry are horizontal, vertical, and spherical.

What is the major product type in the industry?

Three-phase separators are the major product types in the industry.

What are the significant application segments in the industry?

The significant application segments in the industry are onshore, offshore, and refinery, among others.

Who are the key industry players according to the report?

The key players in the industry are Honeywell International Inc., TechnipFMC plc, Alfa Laval Corporate AB, Halliburton Company, Schlumberger Limited, and Frames Energy Systems B.V., among others.

Analyst Review

The global oil and gas separation market is driven by the rising energy demand and the introduction of stringent government regulations. Aided by the growing adoption of non-conventional exploratory methods, the market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 4.7%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on technology, the market can be segmented into gravitational separation, centrifugal separation, and others, with the gravitational separation segment accounting for the largest share in the market. On the basis of vessel type, the market is divided into horizontal, vertical, and spherical. Three-phase separators are the leading product types in the market. On the basis of application, the market is segmented into onshore, offshore, and refinery, among others. The major regional markets for oil and gas separation are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the industry. The key players in the above industry include Honeywell International Inc., TechnipFMC plc, Alfa Laval Corporate AB, Halliburton Company, Schlumberger Limited, Frames Energy Systems B.V., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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