The global three-phase separator market in the oil and gas industry to grow at a CAGR of 1.25% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global three-phase separator market in the oil and gas industry for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The vendors included in the report are component manufacturers and suppliers. The report also includes a discussion of the key vendors operating in this market.
Crude oil is of two types: sweet crude oil and sour crude oil. Sweet crude is also referred to as light crude while sour crude is referred to as heavy crude.
Based on composition, sweet or sour crude oil needs to be refined using different methods and technologies. At the time of production, crude oil stream consists of three-phase s, solid, liquid, and gas. For transportation of crude oil, it is necessary to separate these phases.
Three-phase separator vendors are conducting R&D to reduce the equipment's cost and improve its efficiency. The overall efficiency of three-phase separators is highly dependent upon the nature of the inlet devices. A variety of inlet devices with different working mechanisms are available. Their performances differ from each other in efficiency and complexity. A good inlet device separates the bulk liquid with minimum creation or shattering of droplets, reduces the inlet momentum, and creates good vapor distribution.
According to the report, the refineries can now procure cheaper oil and sell the refined petroleum products at higher margins. To reduce operational costs, integrated oil and gas companies are adopting cost-effective technologies to become lean and survive the oil price turmoil. One of the areas to reduce cost is to shift the oil and gas separation to the beginning of the value chain, just after its extraction.
Further, the report states that fluctuation in crude oil prices is one of the major challenges faced by the market.
- Alfa Laval Corporate AB - FMC Technologies - Frames Group - Halliburton - MI Swaco