Global Three-phase Separator Market in the Oil and Gas Industry 2018-2022 | Growth in Unconventional Oil and Gas Resources to Boost Demand | Technavio
Jul. 24, 2018
LONDON--(BUSINESS WIRE)--Jul 24, 2018-- analysts forecast the global three-phase separator market in the oil and gas industry to grow at a CAGR of over 4% during the forecast period, according to their latest market research report.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180724005833/en/
Technavio has published a new market research report on the global three-phase separator market in the oil and gas industry from 2018-2022. (Graphic: Business Wire)
The ongoing R&D activities is one of the major trends being witnessed in the . Manufacturers are involved in innovative R&D, often in collaboration with their clients and partners, to develop leading products and technologies that provide greater efficiency to the client, reduce development costs, and enable frontier developments.
According to Technavio analysts, one of the key factors contributing to the growth of the global three-phase separator market in the oil and gas industry is the growth in unconventional oil and gas resources:
Global three-phase separator market in the oil and gas industry: Growth in unconventional oil and gas resources
The production of crude oil has been on high in countries. With the increase in production, separation of crude oil from liquid and impurities has become a necessity, leading to the growing demand for three-phase separators in the oil and gas industry. Once the crude oil is extracted from wellbores, refineries need to separate oil, water, and gas before transporting it for further downstream processing.
According to a senior analyst at Technavio for research on oil and gas, “The downstream sector of the oil and gas industry is heavily dependent on the upstream sector that is opting for three-phase separators to segregate oil, gas, and liquid before transporting it to refineries. This entire process helps save the time required to separate different phases prior to crude oil refining and simplify the process for the downstream sector.”
Global three-phase separator market in the oil and gas industry: Segmentation analysis
The global three-phase separator market in the oil and gas industry research report provides market segmentation by application (onshore and offshore) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The onshore segment held the largest market share in 2017, accounting for nearly 90% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of nearly 56% of the market share. The market share occupied by this region is anticipated to increase during 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005833/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING OTHER MANUFACTURING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 07/24/2018 01:38 PM/DISC: 07/24/2018 01:38 PM