According to a Technavio report, the global oil and gas separator market is expected to grow at a CAGR of more than 5% from 2015-2019. The report emphasised the effect of the introduction of highly advanced separators such as compact in-line separators and liquid-liquid emulsion separators, as well as the huge investments made by vendors in R&D.
Faisal Ghaus, Vice President of Technavio, commented: “The growing demand for oil and gas along with the rise in oil and gas production activities is expected to drive market growth during the forecast period.”
“Advances in separator technologies will propel the growth of the global oil and gas separator market during the forecast period and will likely lead to faster ROI for vendors,” added Ghuas.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/08092015/technavio-global-oil-and-gas-separator-market-to-grow-more-than-5-from-2015-2019-1362/