- Summary
- Table Of Content
- Methodology
Oil Water Separator Market Size :
Consegic Business Intelligence analyzes that the oil water separator market size is growing with a CAGR of 3.7% during the forecast period (2023-2030), and the market is projected to be valued at USD 12,118.64 Million by 2030 from USD 9,122.75 Million in 2022.
Oil Water Separator Market Scope & Overview:
Oil water separator (OWS) is a device that separates oil and water mixtures into their separate components. There are many different types of oil water separators. Each has a different oil separation capability and is used in different industries. Oil water separators are designed and selected after consideration of oil separation performance parameters and life cycle cost considerations. These separators treat different contaminants such as emulsified oil, floating oil, dissolved oil, and others. Oil water separator provides efficient solutions, reduces costs in operations, and improves overall operations in industrial facilities.
Oil Water Separator Market Insights :
Oil Water Separator Market Dynamics - (DRO) :
Key Drivers :
Increasing awareness towards water conservation and environmental pollution is driving the market growth
Oil water separators (OWSs) are an important part of water conservation and environmental pollution prevention. They help to prevent oil from entering waterways, where it can pollute water bodies and harm wildlife. Rising awareness of environmental pollution and increasing concern for water conservation have forced industries and governments to take up sustainable initiatives to stay aligned with environmental protection and CSR goals. Oil water separators play a significant role in mitigating oil and hydrocarbons from water, thus protecting aquatic life. Increasing government regulations for sustainability and controlling water pollution has been driving the market growth of oil water separators. For instance, different government regulations and programs for the conservation of water in India such as the National River Conservation Programme, Atal Mission for Rejuvenation and Urban Transformation, National Lake Conservation Programme, and Smart Cities Mission are driving the growth of the oil water separators market as the separator devices meet environment compliance standards and are useful in protecting the water system, and the aquatic life.
Rising industrial activities is fostering the market growth of oil water separators
Increasing industrial activities and generation of industrial wastewater which contains oils and hydrocarbons has led to increased usage of oil water separators. These separators are useful in treating the wastewater to remove oil and pollutants before reuse. Rising industrial activities across different sectors such as petrochemicals, refinery, oil and gas, and automotive, are driving the need for wastewater treatment, and pollution control. Oil water separators are widely used to mitigate environmental concerns such as ecosystem disruption, and water pollution. Hence growing industrialization activities globally is driving the need for water management, and thus is one of the significant factors for increasing growth of the oil water separator market. For instance, in 2023, according to a stat by the Department of Chemicals & Petrochemicals, the industry of chemicals and petrochemicals in India has grown at a CAGR of 4.6% from 2021 to 2022 and exports of chemical products have accounted for a CAGR rate of 13.9% from 2021 to 2022. Hence, due to growing industrialization across the globe, the market of oil water separators is experiencing significant growth.
Key Restraints :
Presence of alternatives is hampering the market growth
Certain alternatives such as flocculation is hampering the market growth of oil water separators. Flocculation is a method of oil water separation that uses recycled additives to enhance the separation of oil. It is a process where a chemical coagulant is added to water, which helps in facilitating bonding between particles. This method has wide applications in water clarification, solid removal, sludge thickening, and others. Also, the bioinspired oil water separation process is another substitute for this market. This separation process is a sustainable way to remove the oil and other contaminants from the oil and water mixture. Hence, the rising demand for substitutes of oil water separator devices is hampering the market growth.
Future Opportunities :
Advancement of smart technologies and automation in the oil water separator devices is expected to propel the market growth
The rising advancement in oil water separator products due to the integration of smart technologies and automation by the key players in the market is expected to drive the growth of the oil water separator market. Artificial intelligence combined with advanced sensors in these devices helps in real-time monitoring and provides enhanced accuracy and responsiveness. These advanced products also help in less consumption of energy and provide greater efficiency in oil removal. Also, automation leads to cost savings and mitigates the manual labor involved. Thus, technologically advanced product launches by the oil water separator manufacturers are expected to propel the market growth over the forecast period. For instance, in February 2023, Alfa Laval launched an advanced oil water separator product named PureBilge Compact which is known for easy installation, reduction of operating cost, and is one of the sustainable products. Hence, due to wide product development and advancement in oil water separator is boosting the market growth.
Oil Water Separator Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 12,118.64 Million |
| CAGR (2023-2030) | 3.7% |
| By Type | Class-I Oil-Water Separators and Class-II Oil-Water Separators |
| By Installation Type | Above Ground and Below Ground |
| By End-use Industry | Military, Shipping & Marine, Oil and Gas, Chemical, Aerospace, Automotive, Food and Beverage, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | Alfa Laval AB, Andritz AG, Siemens AG, Parker-Hannifin Corporation, Wärtsilä Oyj Abp, Donaldson Company, Inc., Mercer International Inc., ZCL Composites, HSN-Kikai Kogyo, and Highland Tank |
Oil Water Separator Market Segmental Analysis :
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.
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.
Top Key Players & Market Share Insights:
The Oil Water Separator market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
- Alfa Laval AB
- Andritz AG
- ZCL Composites
- HSN-Kikai Kogyo
- Highland Tank
- Siemens AG
- Parker-Hannifin Corporation
- Wärtsilä Oyj Abp
- Donaldson Company, Inc.
- Mercer International Inc.
Recent Industry Developments :
- In July 2023, Andritz introduced its range of three-phase decanter centrifuges for oil recovery. These products are capable of separating both liquid from solid and liquid with different densities such as oil and water. This marks an innovative and smart solution for separating oil from water.
- In July 2021, Donaldson Company, Inc launched a new product, named filter minder connect solution. This product has features such as high density, dielectric constant, and dynamic viscosity, and weighs five times less than other sensors.
Key Questions Answered in the Report
What was the market size of the oil water separator industry in 2022? +
In 2022, the market size of oil water separator was USD 9,122.75 million.
What will be the potential market valuation for the oil water separator industry by 2030? +
In 2030, the market size of oil water separator will be expected to reach USD 12,118.64 million.
What are the key factors driving the growth of the oil water separator market? +
Increasing awareness towards water conservation and environmental pollution is driving the market growth of the oil water separator market.
What is the dominating segment in the oil water separator market by end-use industry? +
In 2022, the shipping & marine segment accounted for the highest market share of 28.75% in the overall oil water separator market.
Based on current market trends and future predictions, which geographical region is the dominating region in the oil water separator market? +
Europe accounted for the highest market share in the overall oil water separator market.
