Electrostatic Coalescers Market size is expected to reach USD 5.4 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of electrostatic coalescers was over USD 3 billion. The growing demand for clean energy sources, such as wind and solar power, is driving the adoption of electrostatic coalescers in the power generation industry. As per estimates, the supply of renewable energy from the sun, wind, hydropower, geothermal, and ocean increased by over 8% in 2022. Electrostatic coalescers can be used to separate water and oil in the condensate produced by power generation facilities, which helps to reduce emissions and improve the environmental performance of these facilities.
Further, expanding oil & gas exploration, production, and refining activities worldwide increases the need for efficient separation technologies to enhance production processes and ensure product quality. As analyzed by Research Nester analysts, 2.3 mbpd growth is expected by 2023, and the world's oil demand is estimated to surpass 100 Mbps for the first time in history.3. Global sales of electric vehicles (EVs) increased by more than 35% in 2023, accounting for one in every seven sold cars.4 Regional differences in demand structure, infrastructural preparation, technology acceptance, regulatory regulations, and socioeconomic considerations are reflected in the simultaneous expansion of petroleum-powered vehicles and electric vehicles. All these factors, culminatively bring- up the market’s growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 5% |
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Base Year Market Size (2023) |
~ USD 3 Billion |
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Forecast Year Market Size (2036) |
~ USD 5.4 Billion |
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Regional Scope |
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Application (Oil and Gas, Chemical and Petrochemical, General Industry)
The oil and gas segment is poised to hold 46% share of the global electrostatic coalescers market during the forecast period. The oil and gas industry extensively utilizes electrostatic coalescers for the separation of water, solids, and containments from hydrocarbons. In oil and gas operations, electrostatic coalescers are crucial for separating water from crude oil during production and for refining processes. The need for clean fuels and the demand for high-quality petroleum products drive the substantial use of these coalescers in the sector. Based on current government policies and market trends, as well as strong demand from the petrochemicals and aviation sectors, global oil consumption will increase by 6 % between 2022 and 2028 to reach a total of 105.7 million barrels per day. Moreover, the sheer scale and magnitude of the oil and gas industry globally, with its extensive exploration, production, and refining activities, amplify the demand for efficient separation.
Current Type (AC, DC)
Electrostatic coalescers market from the AC segment is estimated to garner the majority of revenue share during the forecast period. AC electrostatic Coalescers are generally preferred as they exhibit higher efficiency in separating particles and contaminants from fluids. Their design allows for more effective coalesce of droplets, resulting in better purification of liquids. Moreover, AC coalescers are often more versatile and adaptable to varying operating conditions, providing a wider application range across industries such as oil & gas, petrochemicals, and power generation.
Our in-depth analysis of the global electrostatic coalescers market includes the following segments:
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Current Type |
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Application |
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North American Market Forecast
North American electrostatic coalescers market is poised to hold 42% of the revenue share by 2036. The region’s robust oil & gas industry, particularly in the United States and Canada, has been a major driver for electrostatic coalescers. The market expansion is fuelled by the industry’s need for efficient separation technologies to enhance refining processes and comply with stringent environmental regulations. Moreover, the rising focus on cleaner energy sources and the increasing demand for refined products has further propelled the adoption of electrostatic coalescers in this region. The United States' usage of renewable energy grew somewhat from 12.1 quads in 2021 to a record-breaking 13.2 quads in 2022. The surge in renewable energy consumption was mostly caused by increased usage of renewable energy sources, especially solar and wind energy, for the production of electricity. In 2022, wind energy continued to be the most abundant renewable energy source; in 2019, it overtook hydroelectricity, which was the second-most abundant renewable energy source. Technological advancements in coalesce designs, including improved efficiency and reliability, have made these systems more appealing to industries seeking advanced separation solutions. North America continues to witness a steady uptake of electrostatic coalescers, driven by the industry’s commitment to cleaner operations and compliance with stringent environmental standards.
APAC Market Statistics
Asia Pacific electrostatic coalescers market is estimated to hold a significant revenue share. Rapid industrialization across countries like China, India, and South Korea has intensified the demand for efficient separation technologies. The oil & and gas sector, a prominent user of electrostatic coalescers, has expanded significantly in this region, augmenting market growth. Additionally, stringent environmental regulations aimed at curbing pollution and improving industrial sustainability have prompted industries to adopt these advanced separation solutions. Technological advancements in coalescer design, coupled with a growing emphasis on cost-effective and eco-friendly operations, have further propelled electrostatic coalescers market expansion.
Author Credits: Rushikesh, Richa Gupta
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