Technavio has announced the top five leading vendors in their recentglobal oil and gas separator marketreport until 2021. This research report also lists 17 other prominent vendors that are expected to impact the market during the forecast period.
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Technavio has published a new report on the global oil and gas separator market under their energy sector library. (Graphic: Business Wire)
The growth of the global oil and gas separator market is attributed to the global rise in oil and gas exploration and production (E&P) activities in unconventional hydrocarbon reserves, high-temperature high-pressure reserves, the gradual shift in E&P activities toward ultra-deepwater and deepwater exploration, and the increase in the number refinery expansion projects. There are large amounts of unconventional hydrocarbon reserves in regions of North America, and South America, especially in countries like the US, Canada, Argentina, and Venezuela. In Asia, such oil reserves are concentrated in countries like China and Australia. The rise in production activities in these regions will boost the global oil and gas separator market.
Competitive vendor landscape
The global oil and gas separator market is highly competitive with major vendors such as ALFA LAVAL, TechnipFMC, Frames, Halliburton, and Schlumberger competing on the basis of price, quality, and market presence. The market is witnessing a slowdown due to the low prices in the global mineral and mining industry in the international market. The market has a presence of well-diversified international and regional vendors. In the developed and developing economies, the presence of many prominent regional vendors increases the competition.
Thanikachalam Chandrasekaran, an industry expert at Technavio for research on oil and gas, says, "Vendors are also increasingly focusing on R&D to reduce cost and improve the durability of the separators. This, in turn, will reduce the maintenance cost and improve the efficiency of the operations of the products. For instance, Sulzer's customized spherical separators offer properties similar to horizontal separators. These spherical separators are highly efficient due to reduced footprint, weight, simplified fabrication, and are ideal for seabed installation. They can provide slug handling and bring down the CAPEX of the overall project."
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About the top oil and gas separator market vendors
ALFA LAVAL
ALFA LAVAL is a global provider of products in heat transfer, fluid handling, and separation. It delivers products and solutions specifically in the areas of energy, environment, transport, and food. It is involved in the development and manufacturing of heat exchangers, pumps, separators, and valves. The products offered by the company are critical to the production of power, oil extraction, food manufacturing, and wastewater treatment.
TechnipFMC
TechnipFMC is engaged in the designing, manufacturing, and services of technologically sophisticated systems and products such as subsea production and processing systems, high-pressure fluid control equipment, surface wellhead production systems measurement solutions, and marine loading systems for the energy industry.
Frames
Frames is engaged in the design, manufacture, and supply of oil and gas treatment, separation, heat, and safeguarding applications. It also designs, delivers, and constructs separation treatment and control and monitoring systems. The company also offers total plant solutions and modules for the oil and gas market worldwide.
Halliburton
Halliburton offers products and services to upstream oil and natural gas industries worldwide. The company services and products extend to the lifecycle of the reservoir, from the location of hydrocarbon reserves and managing geological data for drilling to formation evaluation and well construction, thus optimizing production through the lifetime of the field.
Schlumberger
Schlumberger offers oil field services through a variety of business units. The company provides a varied range of services, including seismic surveys, formation evaluation, drilling technologies, and equipment, cementing, well construction and completion, and project management. It also provides reservoir evaluation, and development and management services and develops new technologies for reservoir optimization. It provides seismic and other surveying services to customers worldwide through its WesternGeco business.
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