NEW YORK, April 7, 2021 /PRNewswire/ -- The global
high-pressure oil and gas separator market is expected to grow by
USD 134.54 million, exhibiting a CAGR
of about 1% during 2020-2024, according to Technavio's latest
market report. Based on our research, the oil & gas
equipment & services sector witnessed a negative
impact due to the widespread growth of the COVID-19 pandemic. The
report also throws light on the pre- and post-impact of COVID-19 on
businesses.
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The horizontal vessel segment will generate maximum revenue in
the high-pressure oil and gas separator market, owing to the
increase in offshore and deepwater E&P activities. In terms of
geography, APAC will present significant opportunities for market
vendors due to the rising demand for energy in the region.
High-pressure Oil and Gas Separator Market: Major Growth
Drivers
The following factors are expected to drive the growth of the
market during the forecast period:
- Moving toward sour crude oils
- Rise in global oil and gas consumption
In addition, the report identifies the growth in unconventional
oil and gas resources as a major trend in the high-pressure oil and
gas separator market. Since 2008, shale oil and gas extraction
activities have significantly increased in North America, especially in the US. This has
subsequently increased the number of rigs and related equipment,
including high-pressure oil and gas separators. Therefore, the rise
in unconventional oil and gas resources is expected to foster the
growth of the market during the forecast period.
The report helps businesses create strategies to make the most
of future growth opportunities.
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High-pressure Oil and Gas Separator Market: Key Vendor
Offerings
Alfa Laval AB: The company offers LYNX decanter
centrifuge, which is a key component in solids-liquid separation
for oil, gas and drilling industry processes such as barite
recovery and slop oil.
CECO Environmental Corp.: The company offers
industrial gas filters.
Exterran Corp.: The company offers EinsteinVision®
3.0, a 3D camera system in laparoscopic surgery and SmartVue® 2D
Camera Platform.
Frames Energy Systems BV: The company offers a wide
range of gas treatment products for gas separation, gas sweetening,
small scale sulphur recovery, gas dehydration, dew point control,
hydrate inhibition, light hydrocarbon recovery, and flare gas
recovery.
GEA Group Aktiengesellschaft: The company offer
separators that come in gas-tight design with nitrogen blanketing
for reliable explosion protection (ATEX), for maximum protection
and uptime of the separators.
Reasons to Buy High-pressure Oil and Gas Separator Market
Report:
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist high-pressure
oil and gas separator market growth during the next five
years
- Estimation of the high-pressure oil and gas separator
market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the high-pressure oil and gas separator
market across APAC, Europe,
MEA, North America, and
South America
- Analysis of the market's competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of high-pressure oil and gas separator market vendors
This report can be personalized according to your business
needs.
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