Global Oil And Gas Separator Market to Grow at a CAGR of 3.39% to 2021

MarketResearchNest.com adds “Global Oil And Gas Separator Market 2017-2021” new report to its research database. The report spread across 72 pages with table and figures in it.

Research analysts forecast the global oil and gas separator market to grow at a CAGR of 3.39% during the period 2017-2021.
About Oil and Gas Separator
Oil and gas separators are pressure vessels used for separating the water, oil, and gas constituents of an incoming well stream during the initial stages of petroleum extraction. Based on the vessel configuration, the oil and gas separators are divided into horizontal, vertical, and spherical separators. The 19th century has witnessed the dominance of fossil fuels as the primary source of energy. Among all fossil fuels, crude oil and natural gas are the commodities that have been controlling almost all the aspects of the energy business.

Covered in this report
The report covers the present scenario and the growth prospects of the global oil and gas separator market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Browse full table of contents and data tables at https://www.marketresearchnest.com/Global-Oil-and-Gas-Separator-Market-2017-2021.html

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio’s report, Global Oil and Gas Separator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio Announces the Publication of its Research Report – Global Oil and Gas Separator Market 2017-2021

Technavio recognizes the following companies as the key players in the global oil and gas separator market: ALFA LAVAL, TechnipFMC, Frames, Halliburton, and Schlumberger.

Other Prominent Vendors in the market are: ACS Manufacturing, AMACS, CECO Environmental, eProcess Technologies, Exterran, Grand Prix Engineering, HAT International, Hydrasep, Kirk Process Solutions, Kubco Decanter Services, Metano Impianti, HBP, Oil Water Separator Technologies, Sepco Process, SOPAN O&M, Sulzer (previously ASCOM), and Zeta-pdm.

Commenting on the report, an analyst from Research team said: “One trend in the market is ongoing R&D activities. Oil and gas separator vendors are conducting R&D activities to reduce the equipment cost and improve efficiency. The overall efficiency of high-pressure separators is highly dependent on the nature of the inlet devices. There are a variety of inlet devices available with different working mechanisms.”
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According to the report, one driver in the market is refining heavy crude obtained from unconventional oil reserves. The next leap in oil and gas exploration and production will be that from unconventional reserves of oil and gas. These resources have a substantial quantity of unused reserves and are scattered across the globe. At large, they are mostly concentrated in the Americas and the Middle East. Global refineries have enhanced their Nelson complexity index in order to be able to refine the well fluids extracted from these unconventional hydrocarbon resources.

Further, the report states that one challenge in the market is uncertainties associated with low crude oil and natural gas commodity prices. The market for crude oil is volatile. This is due to the complex value and supply chain in the oil and gas industry. The price of crude oil and natural gas has been on a roller coaster ride in the past decades and has vaguely followed a trend over the past few years. The rise and fall in crude oil price, and the significance it holds in the global market is now referred to as the “crude oil price cycle.” Despite studies dedicated to this crude oil price cycle, it is still difficult to make forecasts for the rise and fall of crude oil prices.

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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