As per Future Market Insights, the electrostatic coalescers market is anticipated to attain a value pool of US$ 3 billion by 2023-end. Global demand for electrostatic coalescers is expected to rise at a CAGR of 5.2% to US$ 5 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 3 billion |
| Projected Market Value in 2033 | US$ 5 billion |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Principal Consultant
Coalescers are frequently employed for liquid-liquid or liquid-gas separation during product refining processes in downstream oil and gas operations and the petrochemical industry.
Liquid-gas coalescers, for example, are employed in the downstream sector to assure high product purity by separating water vapor and liquid hydrocarbons from natural gas streams.
Coalescers can also be used to prevent corrosion in refining equipment. These are used in the petrochemical sector as part of filtering systems to remove water vapor from products before storage
Increasing fierce competition from oil & gas market, making their heads turn towards advanced coalescing technologies, driving the demand for electrostatic coalesces.
Worldwide, the oil production has risen to meet the fast ballooning demands for energy. Usually, when crude oil produced in large quantities, typically as they are in offshore operations, are loaded with higher percentage of solids, including salts.
Thus, the demand in the market has been growing steadily. Immense competition from off-shore production facilities and a need to upgrade themselves to the latest technology for the process, in order to get ahead of competitors drives the demand for coalescers in the market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Since its inception in the 1930s, the design of oil-water inlet separators for upstream demulsification has remained virtually constant. A new, advanced technology has arisen only in the previous few decades to improve the setup. In the recent years, investments in oil and gas discoveries have expanded, causing a significant demand in technologies for coalescence, in order to separate oil from water.
Many old facilities choose to upgrade their oil gravity separator to electrostatic coalescers. Manufacturers in the market are into providing complete oil separation and stabilization.
On the contrary there are manufacturers who provide individual technologies, packages to the customers for their individual problem identified.
There are products like compact electrostatic coalescer (CEC), which are small, light in weight, flow-through system that increases the size of water droplets dispersed in petroleum oil, greatly enhancing the separation performance in a downstream gravity separator.
During 2020, the market indeed saw an impact from Covid-19 pandemic, wherein production and exploration sunk.
Refineries had to reduce their operations due to lack of semi-skilled labors and the lack of vendors who supplied raw materials. The demand in the end-use industries such as in transportation has also suffered massively since then.
However, the pandemic also paved way to new business normals where automation plays an undeniable role. Further, oil and gas businesses have been constantly strengthening their strategic frameworks to fight the after, directly impacting the electrostatic coalescers.
Despite the increasing proliferation of alternative energy sources, oil production continues to play an important role in the global economy, where USA being the largest producer in the world, depends upon the industry to a large extent. Coalscers with electrostatic technology plays a vital role in the value chain.
Continuous advancements in mechanism research, electric field development, and the practice of pre-coalescing step have resulted in significant increases in the capacity and performance of markets in North America.
China has a wide array of small to medium scale manufacturers of coalescers owing to the availability massive infrastructure facilities as well as being the third largest oil and gas resource in the world the demand for coalescers becomes obvious.
The country is known for research and development and also known for adopting and investing in latest technology available on the market.
Some of the leading manufacturers and suppliers of
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Explore Industrial Automation Insights
View Reports
Electrostatic Coalescers Market
