The Oil Water Separator by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Oil Water Separator, The oil water separator market size has grown strongly in recent years. It will grow from $8.82 billion in 2023 to $9.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to cost efficiency and resource conservation, environmental awareness and regulations, industrialization and wastewater generation, marine and offshore operations, development of specialized solutions.
The oil water separator market size is expected to see strong growth in the next few years. It will grow to $11.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to integration of smart monitoring systems, demand for compact and mobile solutions, expansion in marine and offshore operations, focus on sustainable solutions, rise in oil and gas production.. Major trends in the forecast period include stringent environmental regulations, increased industrial activities, rising awareness of water conservation, demand in marine and offshore industries, focus on energy efficiency.
Accelerated industrialization is expected to propel the growth of the oil-water separator market in the coming future. Industrialization refers to the process, through which an economy based on manual labor becomes an industrial society powered by machine labor. It entails a methodical transition from an agricultural economy to one based on sophisticated mechanical mass production. Oil-water separators purify industrial byproducts, which are dumped into the water. For instance, according to the United Nations Organization, a US-based intergovernmental organization, in 2021, the global manufacturing output increased by 7.2%. Similarly, international manufacturing’s contribution to total GDP grew during the previous six years, rising from 16.2 percent to 16.9 percent in 2021. Therefore, accelerated industrialization is driving the growth of the oil-water separator market.
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The oil water separator market covered in this report is segmented –
1) By Type: Above Ground, Below Ground, Marine, API Series-Based Separators, Enhanced Gravity-Based Separators, Pressure-Rated Separators
2) By Technology: Gravity, Bioremediation, Electrochemical, Centrifugal, Coalescing
3) By Application: Industrial, Marine, Aerospace, Power Generation, Defense, Other Applications
Product innovation is the key trend gaining popularity in the oil-water separator market. Major companies operating in the oil-water separator market are focused on developing innovative products to strengthen their position in the market. For instance, in September 2022, Walker Filtration, a UK-based manufacturer in the development and production of compressed air, oil, gas, and vacuum purification technologies, launched the SmartSep Oil Water Separator, specially designed for condensate processing. The SmartSep Oil-Water Separator refines hydrocarbon condensate for safe disposal using futuristic filtering and sensing technologies. The SmartSep, which comes with organoclay filter cartridges and easy-to-change polypropylene bags, may produce an oil trace as low as 5 ppm. The device’s innovative design adapts to the diverse flows and climates of compressed air production systems. SmartSep’s sophisticated technology delivers excellent filtering to safeguard the environment and assures clean condensate that is suitable for disposal.
The oil water separator market report table of contents includes:
1. Executive Summary
2. Oil Water Separator Market Characteristics
3. Oil Water Separator Market Trends And Strategies
4. Oil Water Separator Market – Macro Economic Scenario
5. Global Oil Water Separator Market Size and Growth
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26. South America Oil Water Separator Market
27. Brazil Oil Water Separator Market
28. Middle East Oil Water Separator Market
29. Africa Oil Water Separator Market
30. Oil Water Separator Market Competitive Landscape And Company Profiles
Top Major Players:
- Alfa Laval AB
- ZCL Composites Inc
- Filtration Group Industrial
- Containment Solutions Inc
- Andritz AG
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