Energy Research Report: Crude Oil Desalter Industry Share

Tuesday, 31 May 2016

Crude Oil Desalter and Electrostatic Dehydrator Market to Reach US$190.61 mn by 2023 Propelled by Rising Number of Oil Refineries

Transparency Market Research (TMR) has announced the addition of a new market study on the crude oil desalter and electrostatic dehydrator market. The report is titled “Crude Oil Desalter and Electrostatic Dehydrator Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023.” According to the report, the global crude oil desalter and electrostatic dehydrator market is expected to be worth US$190.61 mn by 2023. It was valued at US$170.54 mn in 2014 and is expected to expand at a CAGR of 2.40% from 2015 to 2021.

A crude oil desalter is an important unit in crude oil refineries as it removes salts and impurities present in the crude oil, thus purifying it. An electrostatic dehydrator removes the excess water from crude oil, thus facilitating economical transportation. The global crude oil desalter and electrostatic dehydrator market is propelled by the rising number of oil refineries and production facilities across the world. The expansion of old or existing refineries has also boosted the crude oil desalter and electrostatic dehydrator market. The rising usage of crude oil desalters and electrostatic dehydrators in applications apart from oil refineries, such as in fluid catalytic cracking (FCC) units is expected to boost the sale of crude oil desalters units. On the other hand, the decreasing imports of refined petroleum products from EU countries are expected to impede the market’s growth.

The global crude oil desalter and electrostatic dehydrator market is segmented on the basis of type, application, and geography. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. While the Middle East and Africa region accounted for a share of 35% in the market in 2014, the market in Latin America is expected to grow at the fastest rate.

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On the basis of type, the crude oil desalter market is segmented into single-stage, double-stage, and three-stage crude oil desalter. Of these, the double-stage crude oil desalters represented the largest segment in 2014, accounting for 60% of the market, due to the higher efficiency they offer. The global crude oil electrostatic dehydrator market is segmented into AC field, DC field, and combined AC-DC field electrostatic dehydrator. Of these, the AC field electrostatic dehydrator was the largest segment, representing a share of 50% in the global crude oil electrostatic dehydrator market in 2014.

The report profiles the following leading players operating in the global crude oil desalter and electrostatic dehydrator market: Canadian Petroleum Processing Equipment Inc., Croda International Plc., Engineering Technology & Innovation, LLC, PROSERNAT S.A., Cameron International Corporation, Agar Corporation Ltd., GasTech Engineering Corporation, Frames Group, Komax Systems Inc., Custom Process Equipment LLC, EN-FAB Inc., Fjords Processing AS, Forum Energy Technologies Inc., Petro Techna International Ltd., SUEZ Environnement Oil & Gas Systems (Process Group Pty. Ltd.), VME Process Inc., and Mackenzie Hydrocarbons Pty Ltd.

The crude oil desalter and electrostatic dehydrator market has been segmented as follows:

Global Crude Oil Desalter Market: Type Analysis

Single Stage Crude Oil Desalter
Two Stage Crude Oil Desalter
Three Stage Crude Oil Desalter

Global Crude Oil Electrostatic Dehydrator Market: Type Analysis

AC Field Electrostatic Dehydrator
Combined AC-DC Field Electrostatic Dehydrator
DC Field Electrostatic Dehydrator

Global Crude Oil Desalter and Electrostatic Dehydrator Market: Application Analysis

Upstream
Downstream

Global Crude Oil Desalter and Electrostatic Dehydrator Market: Regional Analysis

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Wednesday, 9 March 2016

Crude Oil Desalter and Electrostatic Dehydrator Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 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.

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.