Oil & Gas Separation Equipment Market, By Product Type, By Technology and By Geography- Growth, Future Prospects and Competitive Analysis, 2017 – 2025, the global oil & gas separation equipment market was valued at US$ 7.0 Bn in 2017, and is expected to each US$ 14.0 Bn by 2025, expanding at a CAGR of 4.6% from 2017 to 2025.
Global oil & gas separation equipment market is projected to gain momentum with growing demand for fossil fuel, increasing exploration and production investment, increasing refining capacity and growing environmental concerns over the emission of greenhouse gases. Further, favorable regulatory policies of U.S. and Chinese government for shale gas and offshore reserves exploration is expected to encourage the exploration and production activities of non-conventional resources which in turn is anticipated to drive the demand for oil & gas separation equipment during the forecast period. However, high cost of installation is expected to remain the key challenge for the global oil & gas separation equipment market during the forecast period (2016-2024).
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North America is projected to be the most dominant market in global oil & gas separation equipment market due to growing exploration and production of conventional and non- conventional resources such as shale gas, tight oil and coal bed methane in the region which in turn is expected to drive the demand of oil & gas separation equipment in the region. Growing exploration and favorable regulatory support in China, Indonesia, Vietnam and Malaysia is anticipated to fuel the demand for oil & gas separation equipment in Asia Pacific. Russia and other countries of Eastern Europe is expected to witness significant rise in exploration and production of hydrocarbons which in turn is expected to augment the demand of oil & gas separation equipment in Europe over the forecast period (2016-2024).
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1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Oil & Gas Separation Equipment Market Snapshot
2.1.1. Global Oil & Gas Separation Equipment Market by Product Type, 2016
2.1.2. Global Oil & Gas Separation Equipment Market by Technology, 2016
2.1.3. Global Oil & Gas Separation Equipment Market by Geography, 2016
2.1.4. Market Drivers, Challenges and Trends
3. Global Oil & Gas Separation Equipment Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry
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