Oilfield Degasser Market Analysis

Application (Onshore, Offshore)

Oilfield degasser market from the onshore segment is estimated to hold largest revenue share during the forecast period, amounting to 56% of the global market. The segment’s growth is attributed to significant technological advancements in horizontal drilling and hydraulic fracturing, which have made extraction from unconventional oil and gas reserves possible. As observed by Research Nester analysts, between 2008 and 2018, the total number of horizontal oil and gas wells in the USA increased considerably, from about 28,400 to approximately 140,000. Also, the US Energy Information Administration says that hydraulic fracturing of tight oil reserves made up 6.24 million barrels a day in 2018, or 59 per cent of America's total production.

Type (Vacuum Tank Degasser, Atmospheric Degasser)

The vacuum tank degasser segment in the oilfield degasser market is slated to garner majority revenue share. Demand in this segment is being stimulated by the rise of seaborne drilling activities. In the mining and oil & gas sectors, there is also a continuous growth in demand for degasification equipment. Another factor expected to underpin segment growth is the need for effective dissolution gas removal from liquids with a view to improving product quality. Moreover, new opportunities for the segment and market expansion are opening up as a result of increasing urbanization and industrialization in developing countries.

Our in-depth analysis of the global market includes the following segments:

Application	Onshore Offshore
Type	Vacuum Tank Degasser Atmospheric Degasser

Frequently Asked Questions (FAQ)

Increasing energy needs, growing focus on well control, rising oil rig activities are some of the major growth drivers for the oilfield degasser market.

The market size of oilfield degasser is anticipated to attain a CAGR of 6.5 % over the forecast period, i.e., 2024-2036.

The major players in the market are Derrick Corporation, Elgin Power and Separation Solutions, Fluid Systems & Controls, Inc., GN Solids Control., NOV Inc., Petro Path, LLC., Schlumberger Limited, Shandong Jintan Machinery Equipment Co., Ltd, The Weir Group PLC, and others.

The Onshore segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Oilfield Degasser Market Analysis