High Pressure Oil & Gas Separator Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 1.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
High Pressure Oil & Gas Separator Market Analysis
High-pressure separators are applied throughout the oil and gas value chain including offshore and onshore production. A high-pressure oil and gas separator used for separating oil, gas, and water from the total fluid stream produced by a crude oil producing well are usually greater than, 500 psi. The high pressure oil and gas separator market is expected to grow at a CAGR of more than 1% during the forecast period 2020-2025. Growth in unconventional oil and gas resources, particularly shale gas reserves are expected to drive the market for high pressure oil and gas separators. Moreover, the installation of off-site and on-site processing facilities is also expected to boost the demand for high pressure oil and gas separators. However, tumbling global crude oil prices and unpredictability of the oil and gas industry has led to a reduction in exploration, drilling, and production activities. In addition, huge cuts in the capital budget of E&P companies coupled with the emergence of non-conventional and renewable sources of energy are other factors anticipated to hamper the market growth over the forecast period.
- The onshore segment is expected to dominate in the high pressure oil and gas separator market during the forecast period.
- Oil and gas separator manufacturers are conducting R&D activities to reduce the equipment cost and increase efficiency. Therefore technological advancement in the components of oil and gas separators is likely to provide an opportunity in market in the future.
- North America expected to dominate in the high pressure oil and gas separator market during the forecast period owing to the rise in oil & gas activities in the region.
High Pressure Oil & Gas Separator Market Trends
This section covers the major market trends shaping the High Pressure Oil & Gas Separator Market according to our research experts:
Onshore Segment to Dominate the Market
- Onshore refers to the development of oil fields, gas deposits, and geothermal energy on land which calls for the demand for rigs and related E&P equipment, including high-pressure separators.
- The onshore segment is expected to dominate owing to the number of onshore rigs operational across the globe. According to Baker Hughes, the onshore rig count holds a value of 610 whereas offshore rig count holds a value of 195 as of May 2020.
- Based on vessel type, the horizontal vessel segment has the largest share since these vessels can handle large volumes under high pressures, and major countries such as United States, Venezuela, Saudi Arabia, and Canada have a high demand for them.
- Based on product type, high pressure separators can be categorized into two-phase, three-phase and four-phase, wherein the two-phase type typically deals with oil and gas, the three-phase type deals with water, oil and gas and four phase-type deals with water, oil, gas, and solid.
North America is Expected to Dominate in the Market
- In terms of geography, North America accounts for the significant market share among all other regions in the high pressure oil and gas separator market and is expected to dominate over the coming years. The market for high pressure oil and gas separators is on the rise, mainly in the United States, due to the discovery of multiple reservoirs of shale oil and gas and rising offshore exploration activities in the region.
- Since the number of conventional deposits is decreasing, crude oil is increasingly being extracted from unconventional deposits such as oil sands or oil shale. There are large amounts of unconventional hydrocarbon reserves in regions of North America, especially in countries like the United States, and Canada.
- In 2019, the crude oil and condensate production has reached 18620 thousand barrels per day with a growth rate of 6.9% which is expected to boost the market owing to the significant increase in oil and gas activities across the region.
- Unconventional onshore gas is expected to retain an important share of gas supply in North America with production increasing towards 2025 which is likely to boost up the demand for high pressure oil and gas separators.
High Pressure Oil & Gas Separator Industry Overview
The high pressure oil and gas separator market is moderately consolidated. Some of the major players in the market include Schlumberger Limited, Sulzer Ltd., TechnipFMC plc, Frames Group BV, and Exterran Corporation.
High Pressure Oil & Gas Separator Market Leaders
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Sulzer Ltd.
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TechnipFMC plc
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Frames Group BV
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Exterran Corporation
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Schlumberger Limited
*Disclaimer: Major Players sorted in no particular order
High Pressure Oil & Gas Separator Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD billion, till 2025
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.2 Restraints
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Force Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Two-Phase Separator
- 5.1.2 Three-Phase Separator
- 5.1.3 Four-Phase Separator
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5.2 Vessel Type
- 5.2.1 Horizontal
- 5.2.2 Spherical
- 5.2.3 Vertical
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5.3 Location of Deployment
- 5.3.1 Onshore
- 5.3.2 Offshore
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5.4 Geography
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia-Pacific
- 5.4.4 Middle-East and Africa
- 5.4.5 South America
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Schlumberger Limited
- 6.3.2 Sulzer Ltd.
- 6.3.3 TechnipFMC plc
- 6.3.4 Frames Group BV
- 6.3.5 Exterran Corporation
- 6.3.6 Halliburton Company
- 6.3.7 ENCE GmbH
- 6.3.8 HydroFlo Tech LLC.
- 6.3.9 Energy Weldfab, Inc.
- 6.3.10 R&H Technical Sales, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityHigh Pressure Oil & Gas Separator Industry Segmentation
The high pressure oil and gas separator market report includes:
| Type | Two-Phase Separator |
| Three-Phase Separator | |
| Four-Phase Separator | |
| Vessel Type | Horizontal |
| Spherical | |
| Vertical | |
| Location of Deployment | Onshore |
| Offshore | |
| Geography | North America |
| Europe | |
| Asia-Pacific | |
| Middle-East and Africa | |
| South America |
High Pressure Oil & Gas Separator Market Research FAQs
What is the current High Pressure Oil and Gas Separator Market size?
The High Pressure Oil and Gas Separator Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in High Pressure Oil and Gas Separator Market?
Sulzer Ltd. , TechnipFMC plc , Frames Group BV , Exterran Corporation and Schlumberger Limited are the major companies operating in the High Pressure Oil and Gas Separator Market.
Which is the fastest growing region in High Pressure Oil and Gas Separator Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High Pressure Oil and Gas Separator Market?
In 2024, the North America accounts for the largest market share in High Pressure Oil and Gas Separator Market.
What years does this High Pressure Oil and Gas Separator Market cover?
The report covers the High Pressure Oil and Gas Separator Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the High Pressure Oil and Gas Separator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High Pressure Oil and Gas Separator Industry Report
Statistics for the 2024 High Pressure Oil and Gas Separator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High Pressure Oil and Gas Separator analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
