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Degasser Market Research Report - Segmentation By Type (Vacuum, Membrane, Flash and Others), by End User (Manufacturing Industries, Oil and Gas, Plastics and Others) and Region - Industry Forecast of 2022 to 2027

Published: January, 2022
ID: 10836
Pages: 175

Degasser Market Size (2022 - 2027):

The Global Degasser Market size is expected to reach US$ 451.72 million by 2027, growing at a CAGR of 2.8% during the forecast period 2022-2027.

A degasser is employed to remove trapped gas in the drilling fluid, It plays an important role in removing small bubbles that have become wrapped in the liquid film. The worldwide degasser market offers a variety of opportunities for manufacturers with different types of products introduced for different purposes. They can find applications in high performance liquid chromatography (HPLC) systems and systems, light industry and packaging, gas and oil extraction, heating, ventilation and air conditioning (HVAC). Additionally, degassers can be employed vitally to improve the reliability and dispensing accuracy of diagnostic and life science instruments.

Market Drivers & Restraints:

International call for degasser is predicted to worsen due to high deep-water drilling activity. Such drilling activities require the removal of hydrogen sulfide, carbon dioxide, natural gas, corrosive oxygen, and other entrained gases to prevent the formation of bubbles in the drilling fluids. The liquid films of these fluids trap and surround the bubbles that must be removed for the correct performance of drilling operations. Degassers can help solve this problem by mechanically removing entrained gases from grout systems. They are employed in application areas such as oil and gas extraction, high-performance liquid chromatography, light industry and packaging, air conditioning, and water purification systems. It is also employed to improve the reliability and accuracy of dispensing in the life sciences and diagnostic instrumentation industry. Increased deep-water drilling activity is one of the main drivers of expansion in the worldwide degasser market. Drilling operations require the removal of hydrogen sulfide and carbon dioxide to avoid the formation of bubbles. The increase in oil and gas projects is supposed to drive the expansion of the worldwide degasser market during the outlook period. The worldwide degasser market may face a slight setback due to issues related to the disposal and implementation of drilling fluids.

Market Opportunities:

With emerging opportunities in the field of drilling fluids, this deterrent is predicted to lose its grip on the global market. Additionally, escalating energy call and the focus on deep-sea reservoirs are predicted to further increase the need for degasser.

Market Challenges:

Problems associated with the disposal and implementation of drilling fluids are likely to limit the expansion of the worldwide market.

DEGASSER MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

2.8%

Segments Covered

By Type, End User, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

National Oilwell Varco, M-I Swaco, LLC, Mathena, Inc., Kosun Machinery Co., Ltd., GN Solids Control, Derrick Company, Inc., and Chengdu West Petroleum Equipment Co. Ltd and Others.

 

 

Market Segmentation:

Degasser Market - By Type:

  • Vacuum
  • Membrane
  • Flash
  • Others

The vacuum degasser segment is estimated to record the highest CAGR during the conjecture period. It is the most common form of degassing systems employed in the oil and gas industry. It uses vacuum to release free and dissolved gases into the water and then discharge them through the automatic exhaust valve system. The vacuum degasser offers some of the technical features like it removes gas from the system and avoids air resistance to ensure system reliability during normal operation. It also helps eliminate pump cavitation, reduces operating noise, the characteristics of which should increase the call on the degasser.

Degasser Market - By End User:

  • Manufacturing industries
  • Oil and gas
  • Plastics
  • Others

The oil and gas industry is predicted to contribute a significant share over the foreseen period. A degasser is employed when drilling an oil well to remove gases from the drilling fluid. Many key players are focusing on oil and gas projects to meet the increased energy call that is estimated to drive call for degasser. In the current market scenario, the oil and gas industry has shifted its focus from shallow water drilling to deep water drilling, which is expected to drive the expansion of the global degasser market.

Market Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

The North American degasser market is predicted to record a colossal expansion rate in the near future. The Gulf of Mexico has experienced a significant increase in offshore activity, as a result of which call in the North American market is determined to intensify significantly. The market could expect more opportunities as the region is recognized with a large amount of shale reserves. Analysts predict that North America will be one of the top geographies in the worldwide degasser market. There are other regions like Asia-Pacific that can raise the hopes of market players on a worldwide platform. In this regard, with different regions and their countries in action, the worldwide market is expected to grow especially during the conjecture period. One of the crucial factors responsible for an interesting expansion in the Asia-Pacific degasser market could be the growing government support in countries like China and India for oil and natural gas exploration and production. Looking at the myriad of opportunities in Asia-Pacific, the researchers predict that the region will be an attractive market for degasser. Players in the worldwide degasser market could also benefit from accelerated expansion in South and Central America. Countries like Argentina, Venezuela, and Brazil are heavily involved in growing oil and gas production.

The Middle East and Africa region are estimated to grow at a steady CAGR rate during the envisioned period. Degasser is widely accepted in the oil and gas industry and the wind presence of the oil and gas sector in the region is predicted to increase their adoption. Increased offshore activities in the Gulf of Mexico are foreseen to drive expansion in the regional market.

Impact of COVID-19 on Degasser Market:

The oil and gas industry is experiencing its third price crash in 12 years. After the first two crashes, the industry recovered and the status quo continued. This time it is different. The current context combines a supply shock with an unprecedented drop in call and a worldwide humanitarian crisis. Also, the financial and structural health of the sector is worse than in previous crises. The advent of shale, oversupply, and generous financial markets that neglected limited capital discipline contributed to poor profitability. Today, with prices reaching their lowest level in 30 years and mounting social pressure, leaders feel that change is inevitable. The COVID-19 crisis is escalating what was already shaping up to be one of the industry's most transformative times. At its current course and speed, the industry may now enter an era defined by intense competition, rapid supply response driven by technology, stable or declining call, skepticism from investors, and mounting pressure. from the public and government on the impact on the climate and environment. However, in most scenarios, oil and gas will remain a trillion-dollar market for decades. Given its role in providing affordable energy, it is too important to fail. So, the question of how to create value in the next normal is critical. To change the current paradigm, the industry will need to dig deeper and build on its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those who take advantage of this crisis to boldly reposition their portfolios and transform their operating models. Companies that will not inevitably restructure or atrophy.

Market Key Players:

The global Degasser Market is dominated by some of the most influential leaders such as

  1. National Oilwell Varco, M-I Swaco, LLC
  2. Mathena, Inc
  3. Kosun Machinery Co., Ltd
  4. GN Solids Control
  5. Derrick Company, Inc
  6. Chengdu West Petroleum Equipment Co. Ltd

Recent Developments:

  • IDEX Health and Science launches a revolutionary film breaker to improve HPLC performance. IDEX Health & Science, LLC (IH&S), a world leader in life science fluidics and optics, today introduced its new flat film membrane degasser.
  • Metorhm has introduced a latest product, made to delete bubbles in eluents employed in ion chromatography. In chromatography columns, the presence of bubbles can produce an unstable baseline, as the high-pressure pumps employed can transport liquids but not gases, compromising results.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Degasser Market, By Type                   

                                6.1.1 Vacuum    

                                6.1.2 Membrane             

                                6.1.3 Flash          

                                6.1.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Degasser Market, By End-User                          

                                6.2.1 Manufacturing Industries 

                                6.2.2 Plastics      

                                6.2.3 Oil and Gas              

                                6.2.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End-User           

8. Key Player Analysis                                    

                8.1 National Oilwell Varco                            

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 M-I Swaco, LLC                          

                8.3 Mathena, Inc                             

                8.4 Kosun Machinery Co., Ltd                    

                8.5 GN Solids Control                     

                8.6 Derrick Company, Inc                             

                8.7 Chengdu West Petroleum Equipment Co. Ltd                             

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Degasser Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Degasser Market By Type, From 2022 - 2027 ( USD Billion )
  3. Global Vacuum Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Membrane Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Flash Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Degasser Market By End-User, From 2022 - 2027 ( USD Billion )
  7. Global Manufacturing Industries Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Plastics Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Oil and Gas Market By Region, From 2022 - 2027 ( USD Billion )

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