Market Scenario

A separator is a vessel that is used to separate gas and liquid components from the fluids extracted from the oil well. An industrial separator is used in heavy industries like power, energy, and oil & gas, among others to clean the gases such as natural gas and steam. The major end-use industries of the industrial separator include pharmaceutical, chemical, mineral fuel, recycling, and food & beverage. Advanced Energy Storage Systems help in increasing process efficiency, reducing maintenance cost, and lowering energy costs.

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The global Advanced Energy Storage Systems size is projected to reach USD 18.41 billion by 2027 from an estimated USD 9.60 billion in 2019 with ~ 11.46% CAGR from 2020 to 2027.

The major factors driving the growth of the global Advanced Energy Storage Systems include increasing government initiatives concerning environment conservation and optimum natural resource utilization. The US Environmental Protection Agency (EPA) suggests measures to control, prevent spills such as diversionary drainage structures, on-site treatment plants, and oil/water separators. The US government has initiated containment systems to prevent accidental oil spills from reaching navigation waterways. This has led to increased investment in Advanced Energy Storage Systems globally. Additionally, the global Advanced Energy Storage Systems is projected to grow at a high rate during the forecast period due to the rise in demand for industrial gases across various end-use industries such as energy & power, oil & gas, healthcare, and others. For instance, Messer Group (Germany) delivered one of the largest industrial gas production facility in Vietnam in 2018. The company would also provide liquid gases for shipbuilding industry and automotive suppliers. Thus, accelerating the demand for industrial separator.

Key players in the Advanced Energy Storage Systems such as Progentex Inc. (US), GEA (Germany), Eriez Manufacturing Co. (US), Nippon Magnetics, Inc. (Japan), GIAMAG Technologies AS (Norway), Alfa Laval AB (Sweden), and others are focusing on product innovation to expand their customer base in Advanced Energy Storage Systems market. For instance, in June 2018, GEA (Germany), introduced new generation pharmaceutical separator. Similarly, in July 2019, the company launched new marine separator, which is a frequency-controlled synchronous drive.

These product developments would propel the growth of Advanced Energy Storage Systems. The global Advanced Energy Storage Systems has been segmented based on type, end user, and region. Based on type, the global market has been classified into magnetic separator, centrifugal separator, cyclone separator, gas-liquid separator, liquid-liquid separator, and others. The centrifugal separator segment is expected to dominate the global market during the forecast period. This is because the segment has its application in all the end-use industries for various applications such as environmental process to recover industrial and process fluids by removing contaminants, food & beverage, recycling, drill mud conditioning, the production process of minerals, and purification process of vegetable and milk products, among applications. Based on end user, the global Advanced Energy Storage Systems has been segmented into the power, chemical, oil & gas, mining, and others. The oil & gas segment is estimated to register a higher growth rate during the forecast period. The global Advanced Energy Storage Systems is expected to grow at 11.46% CAGR during the forecast period.

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Market Segmentation

Based on region, the global Advanced Energy Storage Systems has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is expected to be the largest and the fastest-growing market, by region, during the forecast period. This is due to the significant investments in developing and adopting Advanced Energy Storage Systems in China, Japan, and India. China dominated Asia-Pacific in terms of market share and growth rate. Magnetic separators segment is likely to dominate the Advanced Energy Storage Systems market in Asia-Pacific due to the strong growth of industrial machinery and equipment in China.

Key Players

The key players operating in the global Advanced Energy Storage Systems are Abengoa Solar, SA (Spain), Acciona Energy (Spain), GE Renewable Energy (France), TSK Flagsol Engineering GmbH (Germany), Enel Green Power (Italy), BrightSource Energy (US), Atlantica Yield PLC (UK), eSolar Inc. (US), SolarReserve (US), ACWA Power (Saudi Arabia), Chiyoda Corporation (Japan), Alsolen (Morocco), and Soligua (Italy).

Intended Audience

Industrial separator component manufacturers
Thermal energy storage manufacturers
Industrial separator solution providers
Environmental associations
Regional renewable energy associations
Solar and wind energy associations
Investment banks

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