Global Oil Water Separator Market growing at a CAGR of 3.7% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyzes that the oil water separator market is predicted to grow at a compound annual growth rate of 3.7% from 2023 to 2030 and is expected to reach USD 12,118.64 million in 2030 which was valued at USD 9,122.75 million in 2022.
The report highlights the increasing awareness towards water conservation and environmental pollution, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the oil water separator market.
Global Oil Water Separator Market By Overview
The oil water separator market is bifurcated into type, installation type, and end-use industry. Based on type, the market is segmented into class-I oil-water separators and class-II oil-water separators. In 2022, the class-II oil-water separators segment dominates the overall oil water separator market. The installation type segment is categorized into above ground and below ground. In 2022, the above ground segment accounted for the highest market share in the oil water separator market. The end-use industry segment is categorized into military, shipping & marine, oil and gas, chemical, aerospace, automotive, and food and beverage, and others. In 2022, the shipping & marine segment accounted for the highest market share in the oil water separator market.
Get Free SampleMarket Dynamics
Driver:
- Increasing awareness towards water conservation and environmental pollution is driving the market growth.
- Rising industrial activities is fostering the market growth of oil water separators.
Restraints:
- Presence of alternatives is hampering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| 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 |
Competitive Landscape :
The market is dominated by certain major companies such as Alfa Laval AB, Andritz AG, and Siemens AG which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the oil water separator market is expected to witness substantial growth in the coming years due to the advancement of smart technologies and automation in the oil water separator devices in key regions such as North America, Asia Pacific, and others.
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.
- Alfa Laval AB
- Andritz AG
- Siemens AG
- Parker-Hannifin Corporation
- Wärtsilä Oyj Abp
- Donaldson Company, Inc.
- Mercer International Inc.
- ZCL Composites
- HSN-Kikai Kogyo
- Highland Tank