Burgeoning energy demand along with increasing drilling activities around the world is expected to boost the demand for the global degasser market. Degassers are used to remove entrained gases, including corrosive oxygen and hydrogen sulfide from the drilling fluids which could otherwise form bubbles. The market for degasser is likely to increase on account of increasing applications of degassers in removing bubbles enveloped and entrapped by a liquid film. Increased focus on deep sea reserves is likely to accelerate growth in the global degasser market.
The global market for degasser can be segmented on the basis of product type and geography. On the basis of product type, the global degasser market can be segmented as: atmospheric degasser and vacuum tank degasser. Atmospheric degasser processes mud by accelerating the fluid through a pump, whereby the gas liberates itself. Though, atmospheric degasser are simple in design and operation, vacuum tank degasser are most commonly used type of degassers. Vacuum tank degasser can be round, vertical, and horizontal vessel.
The market for global degasser market is likely to increase substantially in the future. Market’s growth is primarily driven by the rise in the global demand for energy. Increasing deepwater drilling activities are likely to propel the global demand for degasser market. Further, increasing application of degasser to mechanically remove various entrained gases such as natural gas, carbon dioxide, and hydrogen sulfide from the mud system is expected to augment the global demand for degassers. Issues regarding the use and disposal of drilling fluids can hamper global degassers market’s growth in the future. However, emerging market for drilling fluids is expected to augment the demand for degassers in the future.
The global degasser market is rising and is anticipated to rise substantially in the future. The global degasser market is likely to register steady growth rates over the forecast period, growing at the higher rates at the end of the forecast period. North America is estimated to dominate the global market share of degassers. Maximum numbers of shale reserves in the region are expected to drive market’s growth in the future. Rise in offshore activities in Gulf of Mexico is anticipated to further accelerate market’s growth in the North American region. Moreover, policies and regulations to protect environmental degradation are likely to further accelerate the North America’s degasser market. Asia Pacific is one of the most attractive markets for degassers over the forecast period. Asia Pacific’s degasser market is likely to grow at a rapid rate on account of increasing governmental support to explore and produce oil and natural gas in the region, especially India and China. The factors mentioned above are likely to drive growth in Asia Pacific’s degasser’s market. Growing oil and gas production in countries such as Brazil, Venezuela and Argentina is expected to accelerate growth in Central and South America’s degasser’s market.
Some of the key market players in the global degassers market adopt the strategy of merger and acquisition and product development. Adopting these marketing strategies, the market players are able to increase their market penetration and diversify their product portfolio. The global degassers market is dominated by large players with minimal presence of local players at the country or regional level. Some of the key players in the global degassers market include: Chengdu West Petroleum Equipment Co., Ltd , Derrick Company, Inc., GN Solids Control, Kosun Machinery Co., Ltd., Mathena, Inc., M-I Swaco, LLC., and National Oilwell Varco.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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