Valued to be $10.2 Billion by 2026, Oil Water Separators Slated for Healthy Growth Worldwide

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Sep 24, 2021, 10:12 ET

SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Oil Water Separators - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive Pool: 773
Companies: 42 - Players covered include AB SKF; Al Kaafah LLC; Alfa Laval AB; Andritz AG; Donaldson Company, Inc.; GEA Group AG; HydroFlo Tech LLC; Parker-Hannifin Corporation; Schlumberger Ltd.; Siemens AG; Sulzer Chemtech Ltd.; and Others.
Coverage: All major geographies and key segments
Segments: Type (Above Ground OWS, Below Ground OWS, Marine OWS); Application (Industrial, Defense, Aerospace, Power Generation, Marine, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Oil Water Separators Market to Reach $10.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Oil Water Separators estimated at US$8.2 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2026, growing at a CAGR of 3.9% over the analysis period. Above Ground OWS, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$5.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Below Ground OWS segment is readjusted to a revised 3.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.3 Billion in 2021, While China is Forecast to Reach $2 Billion by 2026
The Oil Water Separators market in the U.S. is estimated at US$2.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2026 trailing a CAGR of 6.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Marine OWS Segment to Reach US$1.9 Billion by the year 2026
In the global Marine OWS segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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