According to a recently published report by Research Nester on “High Pressure Oil and Gas Separator Market: Global Demand Analysis & Opportunity Outlook 2019-2027” delivers detailed overview of the global high pressure oil and gas separator market in terms of market segmentation by product type (two-phase separator, three-phase separator, degassers and deliquilizers); by vessel type (horizontal, spherical, vertical); by application (on-shore, off-shore, refineries) and by regions.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The high-pressure oil and gas separator market is segmented by product type (two-phase separator, three-phase separator, degassers and deliquilizers); by vessel type (horizontal, spherical, vertical); by application (on-shore, off-shore, refineries) and by regions.

Separators used in the oil and gas industry are the pressure vessels that separate well streams into corresponding liquid and gaseous components. The usage of separators range from on-site primary separation to refinery process separations. Horizontal, vertical, and spherical are the main bifurcations of separators. Based on the fluids to be divided, the separators can be divided into two groups, oil or gas or water three-phase separator and liquid or gas two-phase separator. Separators can also be classified as degassers, deliquizers based on their application. In addition, the degree of separation is determined based on factors such as separator operating pressure, fluid flow regime (turbulent or laminar), and residence time of the fluid mixture.

High pressure oil and gas separator market is anticipated to mask a CAGR of 1.05% during the forecast period i.e. 2019-2027. North America accounts for the significant market share among other regions owing to the rise in discovery of multiple reservoirs of shale oil and gas and rising offshore exploration activities in the region. Additionally, the region is witnessing an increased production from existing reserves on account of recent fall in oil prices. Asia Pacific is also expected to register significant growth owing to constantly increasing population and high rates of urbanization. Countries such as China, Malaysia, Indonesia, India and Vietnam are yet to realize its complete potential.

Growth in unconventional resources and technological advancements

Growth in unconventional resources, mainly shale gas and oil reserves along with large investments in exploration and production activities is set to drive the market for high pressure oil and gas separators. Moreover, prevailing and upcoming installation of off-site and on-site processing facilities is also expected to boost the demand for the product. Oil and gas separator manufacturers are conducting R&D activities to reduce the equipment cost and increase efficiency. The overall efficiency of high-pressure separators is largely dependent on the nature of the inlet devices. There are a range of inlet devices available with diverse working mechanisms.

However, dipping global crude oil prices and unpredictability of the oil and gas industry has led to a reduction in exploration, drilling and production activities. Additionally, huge cuts in the capital budget of E&P companies coupled with emergence of non-conventional and renewable sources of energy are other factors to hamper industry growth.

This report also provides the existing competitive scenario of some of the key players of the global high pressure oil and gas separator market which includes company profiling of Halliburton, Cameron, Schlumberger Limited, Honeywell International, Kirk Process Solutions, Sulzer Ltd., TechnipFMC plc, Frames Group, Alfa Laval and M-I SWACO. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global high pressure oil and gas separator market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.