Electrostatic Coalescers Market Size & Share, by Application (Oil and Gas, Chemical and Petrochemical, General Industry); Current Type (AC, DC) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5488
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Electrostatic Coalescers Market
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Electrostatic Coalescers Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 5%

Base Year Market Size (2023)

~ USD 3 Billion

Forecast Year Market Size (2036)

~ USD 5.4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Electrostatic Coalescers Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increasing adoption of digitalization- The use of digital technologies is becoming increasingly prevalent in the electrostatic coalescers market, with the adoption of technologies such as IoT sensors, AI, and machine learning. These technologies enable real-time monitoring and analysis of the performance of electrostatic coalescers, improving their efficiency and reducing downtime.
  • Technological Developments- Advances in electrostatic coalesce technology, such as the development of more efficient electrode designs and the use of advanced materials, are driving the growth of the electrostatic coalescers market. These advancements are making the technology more effective and cost-efficient, which is increasing its adoption across various industries.
  • Increasing demand for customized solutions- Customers are increasingly demanding customized electrostatic coalescers that are tailored to their specific needs. This trend is driving the development of more flexible electrostatic coalescers that can be customized to meet the specific requirements of different industries and applications.

Challenges

  • Complex Installation and Maintenance- These systems often require intricate installation procedures and maintenance to ensure optimal performance. The complexity involved in setup and upkeep can deter adoption, especially for smaller facilities with limited resources.
  • The initial cost of acquiring and installing electrostatic coalescers can be relatively high, hindering the electrostatic coalescers market growth.
  • Ensuring consistent operating conditions across various environments can be challenging.


Electrostatic Coalescers Segmentation

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:

 Current Type

  •  AC
  •  DC

Application

  •  Oil and Gas
  •  Chemical and Petrochemical
  •  General Industry

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Electrostatic Coalescers Industry - Regional Synopsis

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.

Research Nester
Electrostatic Coalescers Market size
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Companies Dominating the Electrostatic Coalescers Landscape

top-features-companies
    • PARKER HANNIFIN CORP
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Sulzer Ltd
    • Pall Corporation
    • Eaton
    • Boll & Kirch Filterbau GmbH
    • Filtration Group
    • CECO ENVIRONMENTAL
    • Celeros Flow Technology
    • HYDAC International GmbH.
    • Hilliard Corporation

In-the-news

In The News

  • The superior performance of Sulzer's electrostatic coalescer internals for vessels in liquid-liquid three-phase separation the best processing technology for upstream oil and gas activities is VIECTM. In the toughest oilfields, the solution can optimize output and separation efficiency.
  • The latest generation of liquid-gas coalescer from Amazon Filters, called SupaSep LGP, is intended to assist vital filtration procedures in the global oil and gas sectors.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5488
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for clean energy sources, rising adoption of digitalization, technological developments, and increasing demand for customized solutions are some of the major market drivers.

The market size of electrostatic coalescers is anticipated to attain a CAGR of 5 % over the forecast period, i.e., 2024-2036.

The major players in the market are Sulzer Ltd, Pall Corporation, Eaton, Boll & Kirch Filterbau GmbH, Filtration Group, CECO ENVIRONMENTAL, Celeros Flow Technology, HYDAC International GmbH., Hilliard Corporation, Wako FILTER TECHNOLOGY Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD. and others.

The Oil and Gas segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Electrostatic Coalescers Market Report Scope
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