Oil and Gas Separation Equipment Market to Witness an Outstanding Growth During 2021- 2026

(The Express Wire via Comtex)

The global oil and gas separation equipment market will derive growth from recent technological advancements. According to a report by Fortune Business Insights, titled “Oil and Gas Separation Equipment MarketSize, Share and Industry Analysis, By Configuration (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, 2019-2026,” the market will rise considerably driven by the growing demand for oil and gas across the world.

The growing demand for energy has created a subsequent demand for the need for improved machinery and equipment associated with oil drilling process. The increasing well drilling activities has in turn created a subsequent demand for oil and gas separation equipment. Increasing exploration activities as well as uses of hydrocarbons will have a direct impact on the growth of the companies operating in this market. The benefits offered by these equipment, including lesser complexity and cost, coupled with the ability to transport and store this energy will have a positive impact on the growth of the market in the forthcoming years.

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https://www.fortunebusinessinsights.com/industry-reports/oil-and-gas-separation-equipment-market-101554

Key Questions Answered:

• What are the key technological and trends shaping the market?
• What are the key opportunities in the market?
• What are the key companies operating in the market?
• Which company accounted for the highest market share?
• Why Choose Fortune Business Insights?
• What is the market size and growth rate of the global and regional market by various segments?
• What is the market size and growth rate of the market for selective countries?
• Which region or sub-segment is expected to drive the market in the forecast period?
• What Factors are estimated to drive and restrain the Market growth?

Key Industry Developments:

February 2019:McDermott secured front end engineering and design (FEED) contract from Woodside Energy. The company will provide floating production unit (FPU) that is inclusive of a gas separation unit, dehydration, compressing along with Mono Ethylene Glycol (MEG) regeneration and water handling.

Market Segmentation:

  • By Configuation
  • By Product Type
  • By Technology
  • By Geography

Some of the leading companies that are operating in the global 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
  • ANDRITZ

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Increasing Number of Company Mergers to Aid Growth

Among all factors that have contributed to the growth of the market in recent years, the increasing number of company mergers have made the highest impact. The report identifies key mergers and acquisitions (MandAs) of recent times and discusses their impact on the global market. In June 2017, Schlumberger completed the acquisition of Enviro Voraxial Technology’s Voraxial Separator. The company also took over the patent trademark related to the product. The product is used to separate large volume of solids and liquids. Fortune Business Insights states Schlumberger’s latest acquisition will not only help the company generate substantial revenue, but will also have a direct impact on the growth of the market in the forthcoming years.

The report offers insights into the ongoing oil and gas separation equipment market trends. Additionally, the report encompasses several factors that have contributed to the growth of the market in recent years. The report provides forecast values for the market for the period of 2019-2026. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. The competitive landscape scenario has been discussed in detail. Factual figures have been evaluated through trusted sources. Other forecast valued have been gathered through interviews and opinions of experienced market research professionals.

North America to Hold a Substantial Market Share; Rising Oil and Gas Production to Aid Growth

Based on regional demographics, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, North America is projected to hold a considerably higher share than the others, owing to the high production of oil and gas in several parts of this region. The increasing use of shale gas will emerge in favor of the companies operating in this market. Besides North America, Europe and Asia Pacific will witness considerable CAGR in the coming years, accounting to the use of advanced technologies in several countries within these regions.

Regional Analysis:

  • North America (The USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (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 the Middle East and Africa)

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Major Table of Content for Oil and Gas Separation Equipment Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Analysis, Insights and Forecast, 2026
  6. North America Market Analysis, Insights and Forecast, 2026
  7. Europe Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Market Analysis, Insights and Forecast, 2026
  9. Middle East and Africa Market Analysis, Insights and Forecast, 2026
  10. Latin America Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/industry-reports/oil-and-gas-separation-equipment-market-101554

(Have a Look at Reports Trending in "Energy and Power"Industry)

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