Global Market for Crude Oil Desalters and Electrostatic Dehydrators to Register 2.40% CAGR between 2015 and 2023
Crude oil comprises of several salts such as sodium, calcium, and magnesium chlorides. Thus, to remove these salts from the oil, a desalter is required. A crude oil desalter or electrostatic dehydrator is considered as a very efficient way to reduce water content and salts from crude oil. Crude oil desalters help in removing moisture and salts from crude oil, whereas the electrostatic dehydrator helps in removing the water content present in crude oil.
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In 2014, the global crude oil desalters market for and electrostatic dehydrators was valued at US170.5 mn and is estimated to reach a value US$190.6 mn by the end of 2023. The market is anticipated to register a 2.40% CAGR from 2015 to 2023.
Dropping Imports of Refined Petroleum Products in EU Countries to Hamper Market
The rising number of new refinery installations, growing crude oil production at offshore sites, and increasing demand for fluid catalytic cracking units are some of the major factors driving the global market for crude oil desalters and electrostatic dehydrators. Moreover, the declining crude oil prices, leading to increasing refinery profit margins, are further anticipated to fuel the growth of the market. However, the decreasing imports of refined petroleum products including diesel and gasoline in European Union countries are hampering the growth of the market.
The global market for crude oil desalters and electrostatic dehydrators can be classified broadly into crude oil desalters and crude oil electrostatic dehydrators. Furthermore, the crude oil desalter market can be categorized on the basis of type into single stage, two stage, and three stage crude oil desalters. Among these, in 2014, the two stage crude oil desalter segment dominated the overall market, holding a share of more than 60% in the global market.
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In 2014, the AC field electrostatic dehydrator segment dominated the overall market, holding a share of 50% in the global market for crude oil desalters and electrostatic dehydrators. The sales figures of two stage crude oil desalters have increased owing to the increasing acceptance of heavy crude oil in refineries globally.
Latin America Crude Oil Desalter and Electrostatic Dehydrator Market to Grow Rapidly
The global market for crude oil desalter and electrostatic dehydrator can be divided on the basis of geography into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. In 2014, the Middle East and Africa dominated the overall market, holding a share of around 35% in the global market. Nevertheless, the Latin America market for crude oil desalters and electrostatic dehydrators is estimated to grow rapidly in the next few years. Furthermore, the Asia Pacific market is expected to follow Latin America and exhibit a progressive growth rate in the coming years.
The major players operating in the global market for crude oil desalters and electrostatic dehydrators include PROSERNAT S.A., Custom Process Equipment LLC, VME Process Inc., EN-FAB Inc., Mackenzie Hydrocarbons Pty Ltd., Forum Energy Technologies, Fjords Processing AS, Croda International Plc., Agar Corporation, Petro Techna International, Cameron International Corporation, and Komax Systems.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Browse Full Global Crude Oil Desalter Market Report With Complete TOC @ http://www.transparencymarketresearch.com/crude-oil-desalter-market.html
In 2014, the global crude oil desalters market for and electrostatic dehydrators was valued at US170.5 mn and is estimated to reach a value US$190.6 mn by the end of 2023. The market is anticipated to register a 2.40% CAGR from 2015 to 2023.
Dropping Imports of Refined Petroleum Products in EU Countries to Hamper Market
The rising number of new refinery installations, growing crude oil production at offshore sites, and increasing demand for fluid catalytic cracking units are some of the major factors driving the global market for crude oil desalters and electrostatic dehydrators. Moreover, the declining crude oil prices, leading to increasing refinery profit margins, are further anticipated to fuel the growth of the market. However, the decreasing imports of refined petroleum products including diesel and gasoline in European Union countries are hampering the growth of the market.
The global market for crude oil desalters and electrostatic dehydrators can be classified broadly into crude oil desalters and crude oil electrostatic dehydrators. Furthermore, the crude oil desalter market can be categorized on the basis of type into single stage, two stage, and three stage crude oil desalters. Among these, in 2014, the two stage crude oil desalter segment dominated the overall market, holding a share of more than 60% in the global market.
Enquiry Before Buying :- http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6101
In 2014, the AC field electrostatic dehydrator segment dominated the overall market, holding a share of 50% in the global market for crude oil desalters and electrostatic dehydrators. The sales figures of two stage crude oil desalters have increased owing to the increasing acceptance of heavy crude oil in refineries globally.
Latin America Crude Oil Desalter and Electrostatic Dehydrator Market to Grow Rapidly
The global market for crude oil desalter and electrostatic dehydrator can be divided on the basis of geography into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. In 2014, the Middle East and Africa dominated the overall market, holding a share of around 35% in the global market. Nevertheless, the Latin America market for crude oil desalters and electrostatic dehydrators is estimated to grow rapidly in the next few years. Furthermore, the Asia Pacific market is expected to follow Latin America and exhibit a progressive growth rate in the coming years.
The major players operating in the global market for crude oil desalters and electrostatic dehydrators include PROSERNAT S.A., Custom Process Equipment LLC, VME Process Inc., EN-FAB Inc., Mackenzie Hydrocarbons Pty Ltd., Forum Energy Technologies, Fjords Processing AS, Croda International Plc., Agar Corporation, Petro Techna International, Cameron International Corporation, and Komax Systems.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com