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Oil and Gas Separation Equipment Market Size, Share & Industry Analysis, By Configuation (Horizontal Separator, Vertical Separator, Spherical Separator), By Product Type (Two-Phase Separator, Three Phase Separator, Scrubber, Deliquizer), By Technology (Gravitational, Centrifugal, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101554 | Status : Ongoing

 

KEY MARKET INSIGHTS

Oil companies are focussing on enhancing the overall production efficiency of the well to meet the massive demand for oil and gas. Extracted hydrocarbon contains gas, oil, water, sluggish fluid, mud, and other particles. It is necessary to separate these particles before end-use.


A pressure vessel is primarily used to separate oil and gas from the total fluid stream produced by a well. Separator contains primary separation section, baffles, oil settling section, water drain section, oil, water, and gas outlets, and mist extractor. Oil and gas separation is essential for efficient transportation and storage of oil and gas, as they need to be stored separately.

The growing exploration and production activities in remote areas and rising demand for onsite processing of hydrocarbon is expected to leverage the growth of the oil and gas separation equipment market.

Up Arrow

Key Market Driver -

Key Market Driver – Rising exploration and production activities along with massive investment in refining

Down Arrow

Key Market Restraint -

Key Market Restraint – Complications involved in handling solid particles and expensive technology


Oil and gas separation equipment market is segmented into the configuration, product type, and technology. The configuration segment is further divided into horizontal, vertical, and spherical configuration. Vertical separators are mainly suitable for offshore well because of limited space while horizontal separators are suitable for onshore wells because they occupy a large area.

A horizontal separator can handle high flow rates, and they are easy to clean. The two-phase separator deals only with oil and gas, while three-phase separators can handle oil, water, and gas.

An uninterrupted flow of liquid fuel and gas is important parameter in the extraction of oil and gas. Rising exploration and production activities along high installation of separators at onshore, offshore and refineries are expected to leverage the growth of the oil and gas separation equipment market. Growing environmental concern and massive offshore exploration are accelerating the growth of the oil and gas separation equipment market.

Complexities involved in handling solid particles and expensive technology is obstructing the growth of the oil and gas separator equipment market.

Key Players Covered


The key players in the oil and gas separation equipment market are Worthington Industries, Alfa Laval, CECO Environmental Corporation, ACS Manufacturing, Inc., Halvorsen Co., Äager GmbH, Honeywell, HAT International Ltd, Valerus, Member of the SNC-Lavalin Group, Pentair Filtration Solutions, LLC, GEA Group, TechnipFMC, and ANDRITZ.

Regional Analysis


The oil and gas separation equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to share a substantial market of oil and gas separator equipment owing to rising gas production and shifting trend towards shale gas production. North America and Europe are first regions which adopted this technology to enhance the flow rate of oil wells. Asia Pacific experiencing a rapid demand for oil and gas due to massive industrial and urban growth.

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Oil companies are expanding their existing project investing in new project that adding positive value for the growth of the oil and gas separation equipment market. The oil baron countries UAE, Saudi Arabia, Iran, Iraq, Qatar, etc. in MEA makes it one of the most significant producer hydrocarbon. Some of the leading oil and gas companies like Saudi Aramco are consistently investing in exploration and production activities. These factors are expected to accelerate the growth of the oil and gas separation equipment market in MEA.

Segmentation


























 ATTRIBUTE

 DETAILS

By Configuation



  • Horizontal Separator

  • Vertical Separator

  • Spherical Separator



By Product Type



  • Two-Phase Separator

  • Three Phase Separator

  • Scrubber

  • Deliquizer

  • Degasser

  • Heat Treater

  • Others



By Technology



  • Gravitational

  • Centrifugal

  • Others



By Geography



  • North America (the USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)



Key Industry Developments



  • In February 2019, McDermott secured front end engineering and design (FEED) contract from Woodside Energy. The company will also provide floating production unit (FPU) which include gas separation unit, dehydration, compressing along with Mono Ethylene Glycol (MEG) regeneration and water handling.

  • In June 2017, Schlumberger successfully acquired Enviro Voraxial Technology, Inc.’s (EVTN) Voraxial Separator including patent trademark related to technology. Voraxial Separator is an in-line turbo-separator provides a cost-effective method to efficiently separate large volume of solids and liquids.

  • In April 2017, Saudi Aramco awarded engineering and project management contract to SNC-Lavalin. The new oil separation plant will be constructed to process 250,000 barrels of oil per day.





  • Ongoing
  • 2023
  • 2019-2022
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