Marine Oil Water Separator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Type (Gravity Oil Water Separator, Bioremediation Oil Water Separator, Electrochemical Oil Water Separator, and Others), Application (Military, Shipping & Marine Industry, and Others), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America)

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Marine Oil Water Separator Market Size

Marine Oil Water Separator Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 2.90 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Marine Oil Water Separator Market Key players

*Disclaimer: Major Players sorted in no particular order
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Marine Oil Water Separator Market Analysis

The marine oil water separator is mainly used in marine vessels or ships. Oil-water separator is used to ensure the oil content in the bilge water is minimum or under the specified limit. It is one of the essential equipment in the ship for monitoring and control systems for the discharge of water from the ship preventing any type of oil from getting into the sea. The marine oil water separator market is expected to grow at a CAGR of more than 2.9% during the forecast period 2020-2025. Factors such as increasing concerns related to the environment, strict regulatory policies on the discharge of liquids, and waste into seawater are driving the marine oil water separator market. However, the high maintenance and service cost of marine oil water separators is likely to act as a restraint to this market.

  • The shipping and marine industry segment is expected to dominate the market over the forecast period.
  • Multiple processing technologies used in combination for the purpose of high efficiency, environmental protection, economy, and energy conservation are the future development trend for marine oil water separators, which, in turn, is likely to provide an opportunity for the players involved in the market in the near future.
  • Europe is expected to account for the major share in the marine oil water separator market during the forecast period owing to its dominance in world shipping fleet.

Marine Oil Water Separator Market Trends

This section covers the major market trends shaping the Marine Oil Water Separator Market according to our research experts:

Shipping and Marine Industry Segment to Dominate in the Market

  • Governments across different countries are continuously working on enhancing the conditions for the flora and fauna in the aquatic ecosystem and protecting the environment by passing MARPOL's "ANNEX I' regulations which limit the oil content in the bilge water that vessels can legitimately discharge into the sea. It is now a compulsory requirement for all vessels to have an oil discharge monitoring and control system along with an oil-water separator.
  • With the rapid development of the global shipping industry, the marine oil water separator market is expected to have significant growth during the forecast period.
  • The international shipping industry is responsible for the carriage of around 90% of world trade. Intercontinental trade, the bulk transport of raw materials, and the import/export of affordable food and manufactured goods are held through shipping.
  • Seaborne trades are expected to expand further, there are over 50000 merchant ships trading internationally, transporting every kind of cargo. Hence, with the rise in shipping industry activities and stringent government regulations, the demand for marine oil water separator is expected to increase over the forecast period.
Marine Oil Water Separator Market Share

Europe to Dominate the Market

  • Europe is home to the world's largest shipping fleet. The European Union (EU) controls around 40% of the world's tonnage and can boast of the world's youngest and most innovative fleet. It is also home to a thriving maritime services sector and marine equipment industry.
  • Europe contributed significantly towards the growth of global marine oil water separators market due to strict rules related to wastewater generation from various industries in this region.
  • As 75% of European external trade transits through EU ports, the growing trade influence the growth of end-user industries in Europe, which, in turn, boosts the demand for the marine oil water separator in the region.
  • Europe's offshore and service vessels are expected to have the fastest-growing segment of the EU shipping industry. As of May 2020, Europe's offshore active rig count was 26. Europe's ongoing offshore exploration and production activities are attributed to boosting the demand for marine oil water separators since the necessary supplies while undertaking exploration, drilling, and construction activities are provided by offshore support vessels.
  • Therefore, since major portion of the trade occurs through ships, the demand for marine oil water separators is expected to grow further in the region during the forecast period.
Marine Oil Water Separator Market Growth rate

Marine Oil Water Separator Industry Overview

The marine oil water separator market is fragmented. Some of the major players in the market include Compass Water Solutions, Inc., Freytech Inc., Promac B.V., Sulzer Ltd, and Wartsila Oyj Abp.

Marine Oil Water Separator Market Leaders

  1. Compass Water Solutions, Inc.

  2. Freytech Inc.

  3. Promac B.V.

  4. Sulzer Ltd

  5. Wartsila Oyj Abp

*Disclaimer: Major Players sorted in no particular order

Compass Water Solutions, Inc, Freytech Inc, Promac B.V, Sulzer Ltd, Wartsila Oyj Abp
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Marine Oil Water Separator Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Force Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitute Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Gravity Oil Water Separator

      2. 5.1.2 Bioremediation Oil Water Separator

      3. 5.1.3 Electrochemical Oil Water Separator

      4. 5.1.4 Others

    2. 5.2 Application

      1. 5.2.1 Military

      2. 5.2.2 Shipping & Marine Industry

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Middle-East and Africa

      5. 5.3.5 South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Compass Water Solutions, Inc.

      2. 6.3.2 Freytech Inc.

      3. 6.3.3 Promac B.V.

      4. 6.3.4 Sulzer Ltd

      5. 6.3.5 Wartsila Oyj Abp

      6. 6.3.6 Kanagawa Kiki Kogyo Co.,Ltd.

      7. 6.3.7 Victor Marine Ltd

      8. 6.3.8 SkimOIL Inc.

      9. 6.3.9 Recovered Energy Inc

      10. 6.3.10 HSN-KIKAI KOGYO CO., LTD.

      11. 6.3.11 PS International, LLC

      12. 6.3.12 GEA Group AG

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Marine Oil Water Separator Industry Segmentation

The marine oil water separator market report includes:

Type
Gravity Oil Water Separator
Bioremediation Oil Water Separator
Electrochemical Oil Water Separator
Others
Application
Military
Shipping & Marine Industry
Others
Geography
North America
Europe
Asia-Pacific
Middle-East and Africa
South America
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Marine Oil Water Separator Market Research FAQs

The Marine Oil Water Separator Market is projected to register a CAGR of greater than 2.9% during the forecast period (2024-2029)

Compass Water Solutions, Inc. , Freytech Inc. , Promac B.V. , Sulzer Ltd and Wartsila Oyj Abp are the major companies operating in the Marine Oil Water Separator Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Marine Oil Water Separator Market.

The report covers the Marine Oil Water Separator Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Marine Oil Water Separator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Marine Oil Water Separator Industry Report

Statistics for the 2024 Marine Oil Water Separator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Marine Oil Water 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.

Marine Oil Water Separator Report Snapshots

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Marine Oil Water Separator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)