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Europe is projected to be the largest market for oil water separator during the forecast period. Germany is considered to be the most lucrative market for oil water separators in the European region. In terms of compliance with the EU regulations for wastewater discharge, Germany is ahead of several European countries. The European Union has adopted comprehensive legislations concerning wastewater treatment. In this regard, the Water Framework Directive has set high environmental quality standards for rivers, lakes, groundwater, and coastal waters. Furthermore, the Urban Waste Water Treatment Directive in Europe aims at protecting the environment from adverse effects of urban wastewater discharge.Download a Sample Copy of this report
To 25 Key Players operating in the global oil water separator market are covered as Company Profiles along with their Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch are : Parker Hannifin Corporation, Wärtsilä OYJ ABP, Alfa Laval AB, Donaldson Company, Inc., Andritz AG, Mercer International Inc., Siemens AG, Saint Dizier Environnement, Sulzer Chemtech Ltd, Freytech Inc., RWO GmbH, Westech Engineering, Inc., SKF Marine GmbH, Blumetric Environmental Inc., Ecologix Environmental Systems LLC.
Other Key Players in the Oil Water Separator Market are: Parkson Corporation, Kanagawa Kiki Kogyo Co., Ltd, Hydrasep, Inc., Compass Water Solutions, Inc., GEA Group, Jenfu Machinery Co., Ltd, Containment Solutions, Inc., Victor Marine Ltd, HSN-Kikai Kogyo Co., Ltd, Enviro Voraxial Technology, Inc.
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. The demand for oil water separators is expected to increase during the forecast period due to the growth of aluminum smelting and automobile industries in the Middle East, the automobile industry in the South American region, and the iron & steel, automobile, and aluminum smelting industries in the Asia Pacific region. However, the high cost of customized oil water separators is expected to restrain the growth of the oil water separator market, as customization requires a high degree of specialization that increases the final cost of the product.
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Oil water separators are also increasingly used in the marine industry, owing to stringent environmental regulations concerning the disposal of bilge water into the sea. Thus, the growing applicability of oil water separators in the marine industry is expected to drive the growth of the global oil water separator market 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 formulated for the disposal of wastewater into the sea, thereby accelerating the demand for oil water separators.
Based on application, the oil water separator market has been segmented into industrial, marine, aerospace, power generation, defense, and others (that include academic and research institutions). The industrial application segment is anticipated to lead the global oil water separator market in 2017, owing to rapid urbanization and industrialization across the globe, and stringent implementation of various government regulations on the discharge of wastewater into the environment.
Based on type, the oil water separator market has been segmented into above ground OWS, below ground OWS, and marine OWS. The above ground OWS segment is estimated to lead the global oil water separator market in 2017. This growth is mainly driven by the increasing demand for above ground oil water separators from chemicals, petrochemicals, automobiles, and food & beverages industries.
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Research Coverage: The report defines, segments, and forecasts the global oil water separator market on the basis of application, type, and region. It provides detailed information regarding major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the market. It strategically profiles key players and comprehensively analyzes their core competencies as well as tracks and analyzes competitive developments such as partnerships, contracts, and joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities in the market.
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