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Electrostatic Desalter Market Segmented By Single Stage Desalter, Two Stage Desalter, Three Stage Desalter Types in Upstream, Downstream Application
According to research estimates, Electrostatic Desalter market is anticipated to grow at CAGR between 4.5-5% during 2021-2031 owing to the rising demand for electrostatic desalter, in lieu of salts and water content filtration among the upstream and downstream sector as gained from offshore sites.
Demand for the product will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Increasing demand from oil & gas sector will extend its opportunities in near future.
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With increase in offshore based exploration and refining sites, electrostatic desalters will be preferred as primary filtration device thus propelling the market growth. Additionally, profound CAPEX investments in new units and expansion production capacities of existing units in the near time is also anticipated to provide traction over the forecast period.
There are other various drivers which can uplift the product market upwards in the forecasted years, such as the emergence of petroleum refineries in many regions, and increasing classic production companies is projected to boost the global market growth.
Based on type, the two stage desalter ensures the high dilution rate which is expected to record significant growth over the forecast period. Attributing to the rising usage of heavy petroleum in refineries globally and high efficiency of two stage electrostatic desalter is propelling the growth of the global electrostatic desalter market.
For high levels of salt and/or to achieve very low final concentrations, three-stage desalting may be used which is expected to grow at considerable growth rate over the projection period.
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Moreover, the adoption of product in upstream is considered more profitable compared to downstream operations. Therefore, the demand for electrostatic desalters is anticipated to rise at a considerable rate owing to the higher demand in the upstream sector.
Based on geographical market, Asia Pacific region is said to register a robust growth rate during the next 5-6 years for electrostatic desalters.
Owing to increasing demand for petroleum and rising investments in refineries is expected to record healthy growth in China and ASEAN countries. Also, expanding investigation and production in developing countries is anticipated to encourage growth of electrostatic desalter market in respective region.
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U.S. and Canada are expected to exist as a prominent regional hub period for Electrostatic Desalter market. The market in the U.S. is forecasted to record major share over the analysis period 2021 to 2031 owing to the expansion of the existing refineries in the respective countries.
As observed in Europe region, Russia and NORDICS are estimated to grow with higher CAGR as compare to other noteworthy geographic markets in Europe. Presence of tier-1 petrochemical manufacturers in many European countries will surge the growth of Electrostatic Desalter market.
Some of the key manufacturers & suppliers of the product include
Electrostatic Desalter Manufacturers are aiming to expand their product range to design robust and reliable equipment which helps them to meet the needs of their clients.
By Types
By Application
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
