High-Pressure Oil and Gas Separator Market by Vessel Type, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR45228
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The high-pressure oil and gas separator market size has the potential to grow by USD 134.54 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by vessel type (horizontal, vertical, and spherical), application (onshore and offshore), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Alfa Laval AB, CECO Environmental Corp., Exterran Corp., Frames Energy Systems BV, GEA Group Aktiengesellschaft, Halliburton Co., HAT International Ltd., Parker Hannifin Corp., Schlumberger Ltd., and TechnipFMC Plc.

Market Overview

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Market Competitive Analysis

The HPOGS market is fragmented. The presence of well-diversified international vendors characterizes the market.  The market players involved in the high-pressure oil and gas separator market adopt multiple strategies to gain a competitive advantage over the other players in the market. Alfa Laval AB, CECO Environmental Corp., and Exterran Corp. are some of the major market participants. Although the rise in unconventional oil and gas resources will offer immense growth opportunities, the technological challenges in separators will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this high-pressure oil and gas separator market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this high-pressure oil and gas separator market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Alfa Laval AB
  • CECO Environmental Corp.
  • Exterran Corp.
  • Frames Energy Systems BV
  • GEA Group Aktiengesellschaft
  • Halliburton Co.
  • HAT International Ltd.
  • Parker Hannifin Corp.
  • Schlumberger Ltd.
  • TechnipFMC Plc

High-Pressure Oil and Gas Separator Market: Segmentation by Geography

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APAC will offer several growth opportunities to market vendors during the forecast period. 30% of the market’s growth will originate from APAC during the forecast period. China is a key market for high-pressure oil and gas separators in APAC. Market growth in this region will be faster than the growth of the market in other regions.

High-Pressure Oil and Gas Separator Market: Segmentation by Vessel Type

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Horizontal separators dominate the market due to their ability to handle a large volume of gas and liquids. These separators can handle the higher pressure that makes them more suitable for offshore and deepwater reservoirs. With the increase in offshore and deepwater E&P across various countries, the market for horizontal HPOGS is predicted to grow in the coming years.

Market growth in this segment will be faster than the growth of the market in the vertical and spherical segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the high-pressure oil and gas separator market size.

High-Pressure Oil and Gas Separator Market: Key Drivers and Trends

The global high-pressure oil and gas separator market will register a CAGR of about 1% during the forecast period. The growth in unconventional oil and gas resources will drive the growth prospects for this market. One of the major factors responsible for the increasing global oil and gas supply in the US is the successful shale oil and gas extraction activities since 2008. The increase in oil and gas extraction has subsequently resulted in a rise in the number of rigs and related E&P equipment, including high-pressure separators. The shale oil and gas production is expected to increase during the forecast period and this in turn fuel the demand for including high-pressure oil ad gas separators.

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High-Pressure Oil and Gas Separator Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive high-pressure oil and gas separator market growth during the next five years
  • Precise estimation of the HPOGS market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the high-pressure oil and gas separator industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of high-pressure oil and gas separator market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The high-pressure oil and gas separator market growth will increase by $134.54 million during 2019-2024.
The high-pressure oil and gas separator market is expected to grow at a CAGR of 1.01% during 2019-2024.
Technavio has segmented the high-pressure oil and gas separator market by other1 (Horizontal, Vertical, and Spherical) ,application (Onshore and Offshore) , and geographic (MEA, North America, APAC, Europe, and South America).
Alfa Laval AB, CECO Environmental Corp., Exterran Corp., Frames Energy Systems BV, GEA Group Aktiengesellschaft, Halliburton Co., HAT International Ltd., Parker Hannifin Corp., Schlumberger Ltd., TechnipFMC Plc are a few of the key vendors in the high-pressure oil and gas separator market.
APAC will register the highest growth rate of 30.21% among the other regions. Therefore, the high-pressure oil and gas separator market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Saudi Arabia
  • Russian Federation
  • Canada
  • China
The key factors driving the high-pressure oil and gas separator market growth are:
  • Rise in unconventional oil and gas resources
The high-pressure oil and gas separator market vendors should focus on grabbing business opportunities from the horizontal segment as it accounted for the largest market share in the base year.
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