Increasing exploration and production, coupled with stringent regulations regarding pipeline specific processed fluids are expected to drive industry demand. Installation of several on-site and off-site processing facilities, particularly in Canada, Mexico, Russia and Indonesia has seen a surge in separation equipment demand in recent times. Global Oil & Gas Separation Equipment Market size is expected to reach USD 8.82 billion by 2022, according to a new report by Grand View Research, Inc. Technology innovation to manage complex processing setbacks adhering to international standards coupled with all the aforementioned factors are expected to drive global oil & gas separation equipment industry. Three-phase separators emerged as the highest grossing product segment and accounted for 40.8% of total revenue in 2014. The segment is also anticipated to witness the fastest growth over the next seven years owing to added advantages in terms of optimum pressure and liquid seali...