04252018Headline:

Oil Water Separator Market: Outlook, Opportunity & Future Trends Till Forecast Period 2022

The global oil water separator market is projected to reach USD 9.13 billion by 2022, at a CAGR of 3.9% from 2017 to 2022. Increasing demand for oil water separators from various process industries and rising need for wastewater management solutions across the globe are major factors driving the growth of the global oil water separator market. However, the high cost of customized oil water separators is expected to restrain the growth of the market during the forecast period. The global oil water separator market has been segmented on the basis of type, application, and region.

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Based on application, the industrial segment is projected to lead the global oil water separator market from 2017 to 2022. The growth of the industrial application segment is primarily driven by rapid urbanization and industrialization worldwide and stringent implementation of various government regulations imposed on the discharge of wastewater.

Key players operating in the global oil water separator market include Alfa Laval AB (Sweden), Andritz AG (Austria), GEA Group AG (Germany), AB SKF (Sweden), Siemens AG (Germany), Sulzer Chemtech Ltd. (Switzerland), Parker-Hannifin Corporation (US), Wärtsilä Oyj Abp (Finland), and Donaldson Company, Inc. (US). Key strategies such as expansions, new product launches, and agreements are adopted by leading market players to strengthen their foothold in the global oil water separator market.

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In April 2017, Wärtsilä Oyj Abp, a key player in the global oil water separator market, signed an agreement with Minerva Marine Inc. (Greece) to supply Aquarius Ballast Water Management Systems (BWMS). This agreement enabled Wärtsilä to retrofit several vessels managed by Minerva Marine Inc. and further strengthen its presence in the marine industry.

In September 2016, ANDRITZ Frautech S.r.l. (Italy), a subsidiary of ANDRITZ AG, which is one of the leading players in the global oil water separator market, signed an agreement with Conqord Oil S.r.l. (Italy). This agreement enabled ANDRITZ Frautech S.r.l. to supply oil water separators for the treatment of coolants, washing fluids, and industrial oils. With the help of this agreement, ANDRITZ Frautech S.r.l. was able to strengthen its market presence and widen its customer base in the global oil water separator market.

An Oil Water Separator (OWS) is a flow-through equipment, which is designed to separate oils from industrial wastewater and/or storm runoff systems. Oil water separators are installed in industries that release a huge amount of oil-containing wastewater. These systems are used in a wide range of industries to meet water requirements and remove harmful contaminants from the wastewater prior to its disposal.

Oil water separators are also utilized in the marine industry. The high demand for oil water separators from the marine industry is mainly driven by the stringent implementation of various environmental regulations regarding the disposal of bilge water into the sea. Thus, the need to ensure a hygienic environment for marine life has contributed to the growth of the global oil water separator from 2017 to 2022. The US, Canada, various European countries, and China have imposed strict penalties for defaulters, who fail to meet the environmental standards for disposal of wastewater into the sea, thereby accelerating the demand for oil water separators.

Based on application, the industrial segment of the global oil water separator market is projected to grow at the highest CAGR from 2017 to 2022. This growth is mainly attributed to the increased demand for oil water separators from various industries, such as oil & gas, chemicals, food & beverages, manufacturing, and pharmaceuticals.

Based on type, the above ground OWS segment of the global oil water separator market is projected to grow at the highest CAGR during the forecast period. This growth is mainly driven by the increased deployment of above ground oil water separators by various industries, such as oil & gas and petrochemicals, due to their low installation and maintenance costs as well as ease of installation.

Among all regions, Europe is estimated to lead the global oil water separator market in 2017. However, the oil water separator market in the Asia Pacific region is projected to grow at the highest CAGR between 2017 and 2022. The expansion of manufacturing and power generation industries in Asia Pacific countries is one of the most significant factors propelling the demand for oil water separators in this region.

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