Oil and Gas Separator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Oil and Gas Separator Market is Segmented by Vessel Orientation (Horizontal Separator, Vertical Separator, and Spherical Separator), Type (Two-phase Separator and Three-phase Separator), Area of Application (Upstream and Downstream), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Market Snapshot

Oil and Gas Separator Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Middle-East and Africa
CAGR: >2.94 %
Oil and Gas Separator Market Key Players

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Market Overview

The oil and gas separator market is expected to register a CAGR of more than 2.94% during the forecast period 2022-2027. The COVID-19 pandemic negatively impacted the oil and gas separator market with the temporary shutdown of oil refineries, which reduced the consumption of oil and gas separators on onshore sites for the separation process. Moreover, the shift toward gas-based power generation and rising investments in gas infrastructure are expected to drive the market during the forecast period. However, stringent government policies for the disposal of leftovers such as salts and sand after the separation process are expected to restrain the oil and gas separator market.

· The increasing production and drilling operations are likely to require more separators for separating oil and gas at the field before their transportation. Owing to this, the upstream sector is expected to dominate the oil and gas separator market.

· Developments in the area of gas hydrates, which is still in the research phase, and the requirement of new technologies for its production, is likely to create several opportunities for the oil and gas separator market in the future.

· Middle-East and Africa held a significant market share and is expected to dominate the market during the forecast period.

Scope of the Report

The oil and gas separator market report includes:

Vessel Orientation
Horizontal Separator
Vertical Separator
Spherical Separator
Type
Two-phase Separator
Three-phase Separator
Area of Application
Upstream
Onshore
Offshore
Downstream
Geography
North America
Europe
Asia-Pacific
South America
Middle-East and Africa

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Key Market Trends

Upstream Sector to Dominate the Market

· Oil and gas separator is a pressurized vessel used to separate oil, gas, water, sand, salts, and other solid sediments. The separation step is required to separate oil and gas from the unwanted water and sediments. In the upstream segment, the separator is used right after the crude oil and gas are produced from the well and come to the surface.

· The increasing number of wells at new fields and deepwater explorations require the installation of new group gathering stations (GGS) at the sites. Thus, a higher number of separators are required to separate hydrocarbons before their storage or transportation.

· In 2020, the global crude oil production was 88391 thousand barrels per day, which was higher than the production in 2017, which had amounted to 92568 thousand barrels per day. The increase in production suggests a requirement for higher installation capacity of separators to prevent overloading of the existing ones and prevent their failures.

· In January 2022, McDermott International was awarded a contract by Woodside, as the operator on behalf of Scarborough Joint Venture, for the engineering, procurement, construction, installation, and commissioning (EPCIC) services for its Floating Production Unit (FPU) in offshore Western Australia. The integrated scope includes design, fabrication, gas separation, transportation, etc.

· Moreover, in January 2021, Total and Apache Corporation announced that they had made a new significant offshore oil and gas discovery at the Keskesi East-1 well, in Block 58, off the Suriname Coast. This follows previous discoveries at Maka Central, Sapakara West, and Kwaskwasi.

· Hence, owing to the above points, the upstream segment is likely to dominate the oil and gas separator market during the forecast period.

Oil and Gas Separator Market Growth

Middle-East and Africa to Dominate the Market

· Middle-East and Africa held a significant share of the market studied owing to its accounting for the highest crude oil production in the world. In 2020, Middle-East and Africa produced crude oil of 34529 thousand barrels per day, which accounted for approximately 39.1% of the global crude oil production.

· Countries in Middle-East and Africa have changed their spending pattern and started to invest a significant amount of money in their crude oil and natural gas refining capacity.

· In 2020, more than 26 oil & gas projects worth about USD 50 billion were delayed in the Middle-East alone. These projects are expected to resume in 2021, while projects sanctioned from 2021 to 2026 are expected to drive the region’s total oil and gas separators market during the forecast period.

· In March 2022, Schlumberger announced a major contract from Saudi Aramco for integrated drilling and well construction services in a gas drilling project. The project scope includes drilling rigs, gas separations, and logging while drilling.

· Moreover, in November 2020, the Supreme Petroleum Council (SPC) of Abu Dhabi approved the UAE state-run oil company Abu Dhabi National Oil Company’s (ADNOC) investment program worth USD 122 billion for 2021-2025. The plan’s approval was followed by SPC's announcement of 22 billion barrels of recoverable unconventional oil resources and an addition of two billion barrels of conventional oil reserves, which, in turn, is expected to create opportunities for the use of oil and gas separators in this region.

· Hence, due to the above factors, Middle-East and Africa is expected to dominate the oil and gas separator market during the forecast period.

Oil and Gas Separator Market Analysis

Competitive Landscape

The oil and gas separator market is moderately fragmented. Some of the key players in this market include Alfa Laval AB, Schlumberger Limited, Frames Group BV, ACS Manufacturing Inc., and Ergil.

Recent Developments

· In March 2022, Schlumberger announced a major contract from Saudi Aramco for integrated drilling and well construction services in a gas drilling project. The project scope includes drilling rigs, gas separations, and logging while drilling.

· In November 2020, Alfa Laval AB won two orders to supply Framo pumping systems and oil separation units for two FPSO (Floating Production, Storage, and Offloading) vessels to operate outside the coast of Brazil. The orders have a total value of approximately SEK 155 million and are booked in the Pumping Systems unit of the Marine Division.

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 2027

    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 Forces 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 Vessel Orientation

      1. 5.1.1 Horizontal Separator

      2. 5.1.2 Vertical Separator

      3. 5.1.3 Spherical Separator

    2. 5.2 Type

      1. 5.2.1 Two-phase Separator

      2. 5.2.2 Three-phase Separator

    3. 5.3 Area of Application

      1. 5.3.1 Upstream

        1. 5.3.1.1 Onshore

        2. 5.3.1.2 Offshore

      2. 5.3.2 Downstream

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Alfa Laval AB

      2. 6.3.2 Frames Energy Systems BV

      3. 6.3.3 Schlumberger Limited

      4. 6.3.4 Sep-Pro Systems Inc.

      5. 6.3.5 Ergil

      6. 6.3.6 ACS Manufacturing Inc.

      7. 6.3.7 GEA Group AG

      8. 6.3.8 Pentair PLC

      9. 6.3.9 Halliburton Company

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Oil and Gas Separator Market market is studied from 2019 - 2027.

The Oil and Gas Separator Market is growing at a CAGR of >2.94% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Middle-East and Africa holds highest share in 2021.

Schlumberger Limited, Alfa Laval AB, Frames Energy Systems B.V., ACS Manufacturing, Inc., ERGIL. are the major companies operating in Oil and Gas Separator Market.

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