Oil Water Separator Market Forecast 2023 - 2030

By Type :

The type segment is categorized into class-I oil-water separators and class-II oil-water separators. In 2022, the class-II oil-water separators segment accounted for the highest market share and is expected to grow at the fastest CAGR in the oil water separator market. This type of oil water separator achieves a concentration of less than 100 mg/l and is efficient in cleaning water by removing oil contaminants before being let out to passes and foul sewers. Certain advantages of this product type include large capacity and durability which has been driving the majority of demand for the class-II oil-water separators. Also, wide application of the product in gas stations, bus garages, container terminal, helipads, military hangar, truck yard, and others showcases high demand for this product. Hence, due to the aforementioned factors, the class-II oil-water separators have been experiencing positive growth.

By Installation Type :

The installation type segment is categorized into above ground and below ground. In 2022, the above ground segment accounted for the highest market share and is expected to grow at the fastest CAGR in the oil water separator market. The maintenance of above ground oil water separators involves just washing them out with a hose and a pressure washer, or with removable vapor tight covers. Thus, these product has low operational cost and maintenance and are known for removing non-emulsified oil and settleable solids from the waste stream. Also, the above ground oil water separators have wide applications in oil production plants, mining operations, transportation, gasoline stations, automotive repair workshops, and others. Hence, due to the aforementioned advantages, the above ground oil water separators have been experiencing significant growth in the market.

By End-use Industry :

The end-use industry segment is categorized into military, shipping & marine, oil and gas, chemical aerospace, automotive, food and beverage, and others. In 2022, the shipping & marine segment accounted for the highest market share of 28.75%. The rising development of the global shipping industry is having a direct positive impact on the growth of the oil water separator market. The oil water separator device is largely used in the marine and shipping industry for the removal of harmful pollutants from the oceans. Also, these devices prevent any kind of oil leak from machinery such as diesel generators, air compressors, and propulsion engines in the marine industry. Hence, due to the advantages of the device such as protection of aquatic life and mitigation of water pollution, oil water separator has wide usage and demand across the shipping and marine industry.

Moreover, the food and beverage segment is expected to grow at the fastest CAGR in the overall oil water separator market during this forecast period. Wastewater and oil contaminants are widely generated in the food industry during processes such as packaging, processing, and storing. Thus, it becomes essential to mitigate the contaminants in water to reduce environmental pollution. Oil water separator plays an essential role in the mitigation of contaminants generated due to the food production process. Moreover, the rising food industry globally is serving a direct positive growth impact on the oil water separator market. For instance, according to a recent stat by Invest India, in 2022, the average annual growth rate of the food processing industry in the last 5 years has been around 8.3%. The food processing industry in India is also expected to grow at a CAGR of 15.2% by 2025. Hence, due to the growing food process industry globally has significant segmental growth.

Get More Information

Download Sample Report

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In 2022, Europe accounted for the highest market share at 36.75% and was valued at USD 3,352.61 million and is expected to reach USD 4,466.93 million in 2030. In Europe, Germany accounted for the highest market share of 22.30% during the base year of 2022. Increasing industrial activities due to rising urbanization in Europe is increasing the demand for oil water separators globally. For instance, according to a recent publication in 2023 by Deutschland.de, in Germany, industrialization is the foundation of economic growth, where around 26.6% was the share of gross value added by the manufacturing sector in 2021, as compared to 16.8% in France. The report also mentions that there are four industries, namely automotive, chemical, mechanical, and electrical, which are contributing majorly to the growth of the manufacturing industry in Germany. Hence, due to the increasing industrial growth in the region, the oil water separator is experiencing significant demand.

However, Asia Pacific is expected to witness significant growth over the forecast period, growing at a CAGR of 4.3% during 2023-2030. This is due to advancements in technology and increasing spending on R&D activities by the key players in this region. Also, the increasing food and beverage industry, marine industry, among others is acting as a catalyst for the growth of oil water separators in this region. According to an article by Fi Global, the food and beverage industry in India is rapidly growing due to urbanization and the increasing young population.