Global oil & gas separation equipment market size is expected to reach USD 8.82 billion by 2022, according to a new report by Grand View Research, Inc. Increasing exploration and production, coupled with stringent regulations regarding pipeline specific processed fluids are expected to drive industry demand. Installation of several on-site and off-site processing facilities, particularly in Canada, Mexico, Russia and Indonesia has seen a surge in separation equipment demand in recent times. Technology innovation to manage complex processing setbacks adhering to international standards coupled with all the aforementioned factors are expected to drive global oil & gas separation equipment industry.
Three-phase separators emerged as the highest grossing product segment and accounted for 40.8% of total revenue in 2014. The segment is also anticipated to witness the fastest growth over the next seven years owing to added advantages in terms of optimum pressure and liquid sealing. Large number of existing as well as upcoming installations of this equipment coupled with multi-applicability of these separators in offshore, onshore, refineries and gas processing facilities may be attributed for their high demand. Full Research Report On Global Oil & Gas Separation Equipment Market By Grand View Research: www.grandviewresearch.com/industry-analysis/global-oil-gas-separation-equipment-market Further key findings from the study suggest:
www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments Grand View Research has segmented the oil & gas separation equipment market on the basis of product, and region: Product Outlook (Revenue, USD Million, 2012 - 2022)
www.grandviewresearch.com/press-release/oil-and-gas-separation-equipment-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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