The Global Oil Water Separator Market is projected to reach USD 12.13 Billion by 2024, at a CAGR of 3.9% from 2017 to 2024. Industrial, marine, and aerospace are key application segments of the global oil water separator market. Oil water separators are primarily utilized in industries that release a huge amount oil-containing wastewater. These systems help in the removal of harmful contaminants from wastewater prior to its disposal. Oil water separators are becoming an integral part of various industries, as they help industries meet both, environmental standards related to wastewater disposal set by various federal governments as well as water requirements.
The objectives of this study are:
• To define, describe, and forecast the global oil water separator market based on application, type, and region
• To strategically analyze micro markets with respect to individual growth trends, future prospects, and contribution to the total market
• To analyze opportunities in the market for stakeholders and draw a competitive landscape of the market
• To forecast the market size, in terms of value, with respect to five main regions (along with countries), namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
• To strategically profile key players and comprehensively analyze their core competencies
• To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) activities in the global oil water separator market
Oil Water Separator Market Dynamics and Trends The oil water separator becomes a necessity to be utilized in cases where water is produced as a part of operation, discharge of this produced water is to be done into public, and where water authority compliance is to be achieved for the discharge. The type of wastewater being produced decides the exact type of oil water separator that has to be utilized. The trends utilized in the oil water separator market is the removal of oil, grease, and other hydrocarbons by coalescing methods, which force oil droplets to be impinged on the surface area. Gravity-based separators operate by putting fluid velocity and its corresponding pressure in control.
The latest technique of hydro cyclone applies extreme centrifugal forces, which separate the water and oil droplets. The technology related to building of pressure-rated separators can be configured for complex operations. These operations are separation of gas from a myriad of immiscible liquids and suspended solids with same or different specific gravities.
Market Segment by Manufacturers, this report covers
• Compass Water Solutions
• Alfa Laval
• Containment Solutions
• Recovered Energy
• WesTech Engineering
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