New York, Sept. 15, 2023 (GLOBE NEWSWIRE) -- The global Oil Water Separator Market is expected to witness significant growth at a remarkable CAGR of 3.7% during the forecast period of 2023-2030. Advancement of smart technologies and automation in the oil water separator devices will further boost the market growth during the forecast period.
According to a recent report by Consegic Business Intelligence, the oil water separator market is poised for strong expansion and is expected to reach USD 12,118.64 Million by 2030. The market, which was valued at USD 9,122.75 Million in 2022, is predicted to grow at a compound annual growth rate of 3.7% during the period 2023-2030. The report highlights the increasing adoption of oil water separators in wastewater treatment, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Oil Water Separator market.
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Oil water separator is a device that separates oil and water mixtures into their separate components. There are many different types of oil-water separator, each has different oil separation capability and are used in different industries. These separators work on certain factors such as the density and size of oil droplets, the size of the collection tank, and the flow rate. The separator device consists of three main segments such as separator unit, filter unit, and control unit. Oil water separators are very efficient in removing gasoline, diesel fuel, crude oil , and others from water before being discharged into storm sewer, and sanitary sewer systems.
Global Oil Water Separator Market: Report Attributes
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | USD 12,118.64 Million |
| CAGR (2023-2030) | 3.7% |
| By Type | Class-I Oil-Water Separators and Class-II Oil-Water Separators |
| By Installation Type | Above Ground and Below Ground |
| By End-use Industry | Military, Shipping & Marine, Oil and Gas, Chemical, Aerospace, Automotive, Food and Beverage, and Others |
| Report Coverage | Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more. |
| By Region | North America, Asia-Pacific, Latin America, Europe, Middle East & Africa |
| Key Players | Alfa Laval AB, Andritz AG, Siemens AG, Parker-Hannifin Corporation, Wärtsilä Oyj Abp, Donaldson Company, Inc., Mercer International Inc., ZCL Composites, HSN-Kikai Kogyo, and Highland Tank |
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Global Oil Water Separator Market Segmentation Details:
Based on Type, the class-II oil-water separators segment contributed the largest shares to the market growth in 2022. This type of oil-water separator achieves a concentration of less than 100 mg/l and is efficient in cleaning water by removing oil contaminants before being let out to passes and foul sewers. Certain advantages of this product type include large capacity and durability which has been driving the majority of demand for the class-II oil-water separators.
Based on Installation Type, the above ground segment accounted for the largest market share in the year 2022. The maintenance of above ground oil water separators involves just washing them out with a hose and a pressure washer, or with removable vapor tight covers. Thus, these product has low operational cost and maintenance and are known for removing non-emulsified oil and settleable solids from the waste stream. Hence, due to the aforementioned advantages, the above ground oil water separators have been experiencing significant growth in the market.
Based on End-use Industry, the shipping & marine segment accounted for the largest market share of 28.75% in the year 2022. The rising development of the global shipping industry is having a direct positive impact on the growth of the oil water separator market. The oil water separator device is largely used in marine and shipping industry for the removal of harmful pollutants from the oceans. Also, these devices prevent any kind of oil leak from machinery such as diesel generators, air compressors, and propulsion engines in the marine industry.
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Based on Region, in the year 2022, Europe accounted for the largest share contribution to the market growth, owing to the increasing adoption of oil water separators in wastewater management. Increasing industrialization activities due to rising urbanization is driving the oil water separator market growth in the region. Also, rising concern regarding environmental pollution is acting as a catalyst for market growth.
Competitive Landscape
Alfa Laval AB, Andritz AG, and Siemens AG, are major market players that comprise the latest market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more efficient, and cost-effective. Further, the oil water separator market is expected to grow steadily due to the advancement of smart technologies and automation in oil water separator devices. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
Recent Developments
- In July 2023, Andritz introduced its range of three-phase decanter centrifuges for oil recovery. These products are capable of separating both liquid from solid and liquid with different densities such as oil and water. This marks an innovative and smart solution for separating oil from water.
Key Market Takeaways
- Europe accounted for the highest market share at 36.75% and was valued at USD 3,352.61 million in 2022, and is expected to reach USD 4,466.93 million in 2030. Moreover, in Europe, Germany accounted for the highest market share of 22.30% during the base year of 2022.
- Based on type, the class-II oil-water separators segment accounted for the highest share contribution to the oil water separator market statistics in 2022.
- In the context of installation type, the above ground segment is expected to contribute significant shares to the growth of oil water separator market statistics during the forecast period.
- Based on end-use industry, the shipping & marine segment accounted for the highest share contribution to the oil water separator market statistics in 2022.
- Asia Pacific is expected to boost the market demand for oil water separators due to advancement in technology, increasing spending on R&D activities, and rising industrialization.
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List of Major Global Oil Water Separator Market:
- Alfa Laval AB
- Andritz AG
- Siemens AG
- Parker-Hannifin Corporation
- Wärtsilä Oyj Abp
- Donaldson Company, Inc.
- Mercer International Inc.
- ZCL Composites
- HSN-Kikai Kogyo
- Highland Tank
Global Oil Water Separator Market Segmentation:
- By Type
- Class-I Oil-Water Separators
- Class-II Oil-Water Separators
- By Installation Type
- Above Ground
- Below Ground
- By End-use Industry
- Military
- Shipping & Marine
- Oil and Gas
- Chemical
- Aerospace
- Automotive
- Food and Beverage
- Others
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Frequently Asked Questions in the Oil Water Separator Market Report
- What was the market size of the oil water separator industry in 2022?
- In 2022, the market size of oil water separator was USD 9,122.75 million.
- What will be the potential market valuation for the oil water separator industry by 2030?
- In 2030, the market size of oil water separator is expected to reach USD 12,118.64 million.
- What are the key factors driving the growth of the oil water separator market?
- Increasing awareness towards water conservation and environmental pollution is accelerating the demand for oil water separators, thereby fueling market growth at the global level.
- What is the dominating segment in the oil water separator market by end-use industry?
- In 2022, the shipping & marine segment accounted for the highest market share of 28.75% in the overall oil water separator market.
- Based on current market trends and future predictions, which geographical region is the dominating region in the oil water separator market?
- Europe accounted for the highest market share in the overall oil water separator market.
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