Oil & Gas Separation Equipment Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2028
Increasing exploration and production activities, rising demand for oil and gas globally, and increasing investment in refining are key factors driving market growth Market Size – USD 8.30 Billion in 2020, Market Growth – at a CAGR of 4.5%, Market Trends – Increasing growth of petroleum industry in developing countries The global Oil & Gas Separation Equipment Market size is expected to reach USD 11.81 Billion by 2028 and register a CAGR of 4.5% over the forecast period, according to a latest report by Reports and Data. Increasing oil and gas exploration activities and rising demand for hydrocarbon processing onsite are key factors expected to continue to drive market revenue growth over the forecast period. Increasing focus of oil companies on improving productivity of oil and gas wells to meet growing global demand for oil and gas is another key factor expected to continue to drive market growth going ahead. Oil and gas separator is a pressure vessel used to separate w...