The report, now available on ASDReports, recognizes the following companies as the 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.
Commenting on the report, an analyst said: “Three-phase separator vendors are conducting R&D to reduce the equipment’s cost and improve its efficiency. The overall efficiency of three-phase separators is highly dependent upon the nature of the inlet devices. A variety of inlet devices with different working mechanisms are available. Their performances differ from each other in efficiency and complexity. A good inlet device separates the bulk liquid with minimum creation or shattering of droplets, reduces the inlet momentum, and creates good vapor distribution.”
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Apr 25, 2016