DUBLIN, Sept. 09, 2015 /PRNewswire/ —
Research and Markets ( http://www.researchandmarkets.com/research/5p6ll2/global_oil_and) has announced the addition of the “Global Oil and Gas Separator Market 2015-2019” report to their offering.
The global oil and gas separator market to grow at a CAGR of 5.52% over the period 2014-2019.
The report includes the present scenario and the growth prospects of the global oil and gas separator market for the period 2015-2019. The market can be segmented into four divisions: technology, vessel configuration, fluids to be separated, and application.
The report, Global Oil and Gas Separator Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.
The growing need for energy security positively effects market growth, as separators are necessary for oil and gas production. Advanced separation technologies such as gas-liquid cylindrical cyclone, caisson separators, and pipe separators can boost production activities and reduce the demand-supply gap globally. Vendors from various countries are using these new technologies to reduce their oil and gas processing costs and meet larger energy-security goals. As a result, the market is poised for growth during the forecast period.
According to the report, the increased demand for oil and gas along with the rise in oil and gas production activities is boosting market growth. Growing demand encourages large investments in advanced technologies to optimize refinery operations, thus ensuring high product recovery and financial feasibility. With the decline in availability of “easy oil” worldwide, high product recovery and low-processing cost will ensure a supply-demand balance by enhancing access to oil and gas in previously inaccessible formations.
Further, the report states that growth of the global oil and gas separator market is hindered by the lack of skilled labor.
- Alfa Laval
- FMC Technologies
- Opus Maxim
Other prominent vendors
- ACS Manufacturing
- BNF Engineering ( Singapore)
- GEA Westfalia
- HBP Company
- Hydrasep oil/water separators
- J. W. Williams
- Surface Equipment
- Honeywell International
For more information visit http://www.researchandmarkets.com/research/5p6ll2/global_oil_and
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SOURCE Research and Markets