Lewes, DE -- (SBWire) -- 04/28/2016 --Report forecast 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.
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. One technology that provides early stage separation is a three-phase separator. This separator enables refiners to go directly for refining as it provides early stage separation of the crude oil.
A three-phase separator consists of a safety valve, weir, level controller, and a heat exchanger. A safety valve provides protection against undesirable pressure build-up. The weir inside the separator maintains the oil level, and the level controller maintains the water level. The oil is skimmed over the weir. The oil export valve operates the level of the oil of the weir, which is controlled by a level controller. Constant vessel pressure is maintained by gas flow out through a mist extractor to a pressure control valve.
This gas flow stream then passes to a compressor, which increases the pressure of the export gas, driven by a variable motor speed. A heat exchanger acts as a cooling medium at the outlet side of the compressor. The cooler is regulated by a temperature control loop. Also, an anti-surge controller loop is installed to protect the compressor from entering a surge condition.
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 market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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.
Global Three-phase Separator Market in the Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Three-phase Separator Market in the Oil and Gas Industry: Alfa Laval Corporate AB, FMC Technologies, Frames Group, Halliburton, and MI Swaco.
Other Prominent Vendors in the market are: ACS Manufacturing, ASCOM, Burgess-Manning, Cameron, and Exterran.
Market driver
- Abundance of sour crude oil
- For a full, detailed list, view our report
Market challenge
- Fluctuation in crude oil prices
- For a full, detailed list, view our report
Market trend
- Continuous R&D
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 55 pages and 33 Exhibit "Global Three-Phase Separator Market in Oil and Gas Industry 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Market segmentation by type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-three-phase-separator-market-oil-and-gas-industry-2016-2020
Related Report;
Global Smart Grid Data Management Market 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-smart-grid-data-management-market-2016-2020
Find all Energy and Utilities reports at: http://www.marketresearchreports.com/energy-utilities
About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.
Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions
