Electrostatic Coalescers Market Segmentation:
Application Segment Analysis
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 Segment Analysis
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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