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NEW YORK , June 15, 2021 /PRNewswire/ -- The high-pressure oil and gas separator market is expected to reach USD 134.54 million during 2020-2024, progressing at a compound annual growth rate of about 1%. The report offers an in-depth market analysis regarding the current market scenario, the latest trends, market opportunities, and the overall market environment to help industry leaders improve their business.
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Major Three High-Pressure Oil and Gas Separator Market
Alfa Laval AB offers a LYNX decanter centrifuge, which is a key component in solids-liquid separation for oil, gas, and drilling industry processes such as barite recovery and slops oil.
Exterran Corp. offers EinsteinVision® 3.0, a 3D camera system in laparoscopic surgery, and SmartVue® 2D Camera Platform.
GEA Group Aktiengesellschaft offers separators that come in gas-tight design with nitrogen blanketing for reliable explosion protection (ATEX), for maximum protection and uptime of the separators.
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High-Pressure Oil and Gas Separator Market Segmentation: Vessel Type
Based on the market segmentation by vessel type, the horizontal separators segment dominates the market. The growth of the segment is attributed to the factor such as the ability to handle a large volume of gas and liquids which is more suitable for offshore and deepwater reservoirs, and the increase in offshore and deepwater E&P across various countries. The growth of the segment will be significant over the forecast period.
High-Pressure Oil and Gas Separator Market Segmentation: Geography
With the largest market share of 30%, APAC will offer several growth opportunities to market vendors during the forecast period. The market growth in APAC will be faster than the growth of the market in other regions. China is a key market for high-pressure oil and gas separators in APAC.
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High-Pressure Oil and Gas Separator Market 2020-2024: Key Highlights
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