Oil Water Separator Market Growing at a CAGR of 3.9% During 2017 to 2022 - ReportsnReports

PUNE, India, July 21, 2017 /PRNewswire/ --

Global oil water separator market is projected to reach $9.13 billion, at a CAGR of 3.9% from 2017 to 2022 while industrial segment to be the largest application segment and above ground OWS segment is estimated to be the largest type segment with market led by Europe region

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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.

Furthermore, as a part of qualitative analysis, the research provides a comprehensive overview of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players, such as 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), among others.

Order a copy of Oil Water Separator Market by Application (Industrial, Marine, Aerospace, Power Generation, Defense), Type (Above Ground OWS, Below Ground OWS, Marine OWS), Region (North America, Europe, Asia Pacific, MEA, South America) - Global Forecast to 2022 Research Report at: http://www.reportsnreports.com/purchase.aspx?name=1131377.

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.